Sandvik stock rises as JPMorgan lifts target to SEK 415

Published on 09/17/2026 at 12:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

JPMorgan lifted its target for Sandvik stock to SEK 415 from SEK 400 on September 17, 2026. Sandvik closed at SEK 375.00 on Nasdaq Stockholm on September 16, 2026, up 1.19 percent.

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Sandvik stock (SE0000667891) closed at SEK 375.00 on Nasdaq Stockholm on September 16, 2026, up 1.19 percent for the session. On September 17, 2026, JPMorgan raised its target for Sandvik to SEK 415 from SEK 400 and kept a neutral rating, giving the shares a fresh catalyst before the Stockholm open.

Target raised to SEK 415

According to Placera on September 17, 2026, JPMorgan lifted the target price to SEK 415 from SEK 400 and repeated its neutral view. The new target sits 10.7 percent above the last close of SEK 375.00, which puts the call in clear numerical terms for traders watching the stock today.

Sandvik itself listed three Q2 2026 operating figures on its investor page: revenue growth of 24 percent at fixed exchange rates, an adjusted EBITA margin of 22.6 percent, and financial net debt to EBITDA of 1.0. The same company page also said the Capital Markets Day will take place on November 24-25, 2026, and that the silent period for the third quarter starts on October 1, 2026, with the interim report due on October 22, 2026.Sandvik

Q2 metrics still matter

The Q2 2026 figures are the most recent reported operating numbers on the company page and they show why the stock still trades on earnings quality as much as on mining demand. Revenue growth of 24 percent and an EBITA margin of 22.6 percent provide the current fundamentals, while the 1.0 net debt to EBITDA ratio keeps leverage moderate by industrial standards.

Sandvik also said on its investor page that it completed the acquisition of Diemme Filtration on September 1, 2026, and won a large mining equipment order in the Democratic Republic of the Congo on August 25, 2026. Those dates matter because they frame the near-term story around execution, not just around valuation.

Stock still near the top

Sandvik stock ended the latest completed session at SEK 375.00 on Nasdaq Stockholm, with a 52-week range of SEK 255.00 to SEK 413.10 and market capitalization of about SEK 476.4 billion on September 16, 2026. The shares were also trading at a 1.19 percent daily gain, leaving them 9.2 percent below the 52-week high of SEK 413.10 and 46.1 percent above the low of SEK 255.00.