EQT marked by fresh BNP Paribas call, shares stay in focus on Nasdaq Stockholm

By Anna Wagner, Analysts & Consensus desk. Reviewed prior to publication on 2026-06-30, 14:08.

EQT (SE0012853455) draws analyst attention this week as BNP Paribas raises its price target and reiterates an Outperform rating, according to a brief update carried by MarketScreener. The stock is listed on Nasdaq Stockholm, giving the call clear relevance for Nordic equity investors.

What BNP Paribas changes

BNP Paribas lifts its EQT price target to 425 Swedish kronor from 415 kronor and keeps an Outperform recommendation in place, as reported in the analyst note summary. The move reflects the bank’s continued positive stance on the private equity manager despite a volatile backdrop for alternative asset firms.

The new target implies upside versus the current trading range of the EQT shares on Nasdaq Stockholm, where the stock has recently oscillated below that level. BNP Paribas belongs to the group of international houses that actively cover Nordic alternative asset managers, giving the call broader visibility beyond Sweden.

How the analyst picture looks

Consensus data compiled by MarketScreener shows EQT followed by a range of banks and brokers, with several houses rating the stock Buy or Outperform and a minority taking more cautious stances. The BNP Paribas target lift adds to the supportive end of that spectrum, signaling confidence in the firm’s earnings and fee outlook.

In the European alternatives space, EQT competes with names such as Partners Group of Switzerland and UK-based private equity firms that are also covered by major brokers like UBS, Goldman Sachs and JPMorgan. Analyst focus typically centers on fee-generating assets under management, capital deployment pace and fundraising dynamics.

How EQT earns its fees

EQT’s core business is managing private equity and infrastructure funds for institutional and, in some strategies, high net worth clients, charging management and performance fees on committed and invested capital. The firm structures funds with multi-year lifecycles, generating recurring base fees and potential carried interest when investments are realized at gains.

Where the shares trade today

The EQT shares (SE0012853455) trade on Nasdaq Stockholm, with the latest available quote from the Swedish exchange showing the stock in the mid-hundreds of kronor per share range on 2026-06-30 in SEK.

Disclaimer: This article provides factual information and context on the EQT shares and does not contain investment advice, recommendations or price forecasts. Readers should conduct their own research or consult a licensed advisor before making investment decisions.