EQT AB stock (SE0012853455): UBS cuts price target to SEK 375

UBS has cut its price target for EQT AB to SEK 375 from SEK 420, while maintaining its Buy recommendation, according to Marketscreener as of 05/11/2026. The adjustment reflects updated views on the private equity firm's valuation amid market conditions. EQT AB shares were trading at SEK 310.35 on Nasdaq Stockholm that day.

As of: 11.05.2026

By the editorial team – specialized in equity coverage.

EQT AB: core business model

EQT AB operates as a global investment organization focused on private capital and real assets. The firm manages funds targeting buyouts, growth capital, and infrastructure investments across Europe, North America, and Asia-Pacific. EQT AB generates revenue primarily through management fees based on assets under management and performance-related carried interest.

Founded in 1994 and headquartered in Stockholm, Sweden, EQT AB has grown into one of Europe's leading private equity players. The company listed on Nasdaq Stockholm in 2019, providing US investors exposure to alternative assets via a liquid equity security.

Main revenue and product drivers for EQT AB

EQT AB's revenue stems from its platform of funds, including Private Capital, Infrastructure, and Real Assets segments. Management fees, typically 1.5-2% of AUM, form the base, while carried interest from successful exits drives upside. As of recent reports, EQT manages over EUR 200 billion in AUM, per company disclosures.

Key drivers include fundraising success, deal flow in high-growth sectors like technology and healthcare, and portfolio company performance. For US investors, EQT's North American presence offers indirect exposure to domestic private equity trends without direct fund commitments.

Industry trends and competitive position

The private equity sector faces higher interest rates and slower exits, pressuring dry powder deployment. EQT AB differentiates through its thematic investing approach and expansion into credit and real assets. Competitors include Blackstone and KKR, but EQT's European roots provide a niche in mid-market deals.

Why EQT AB matters for US investors

EQT AB trades on Nasdaq Stockholm, accessible via US brokers, offering diversification into European private equity. With significant AUM growth tied to global trends, it provides US portfolios exposure to alternative investments amid rising demand for yield in a high-rate environment.

Conclusion

EQT AB remains a key player in private equity with robust AUM growth, though UBS's price target cut signals valuation caution. The firm's diversified platform and global reach position it well for market recovery. Investors track fundraising and exits for future performance indicators.

Disclaimer: This article does not constitute investment advice. Stocks are volatile financial instruments.