SSAB stock gains as Oddo lifts price target to SEK 126

Published on 09/18/2026 at 13:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

SSAB stock closed at 105.65 SEK on Nasdaq Stockholm on September 16, 2026, extending a 49.90% year-to-date rise highlighted by analysts. Oddo now targets 126 SEK for SSAB stock, underscoring confidence in the steel group’s earnings power.

Fotorealistische Aufnahme eines schwedischen Stahlwerks mit glühenden Stahlblechen — Fotorealistisches Bild zeigt SSAB AB, ISIN SE0000108656, mit typischer Stahlwerk-Anlage und Stahlblechen in Skandinavien, Illustration mit AI erstellt.

SSAB AB stock (ISIN SE0000108656) closed at 105.65 SEK on Nasdaq Stockholm on September 16, 2026, up 1.25% from the prior session and roughly 49.90% higher since the start of 2026, according to data highlighted by MarketScreener on September 17, 2026.Ad Hoc News reports that Oddo has raised its price target for SSAB to 126 SEK, giving investors a fresh benchmark just ahead of today’s session on September 18, 2026.

Analyst target of 126 SEK sets the tone

According to Ad Hoc News on September 17, 2026, Oddo now values SSAB stock at 126 SEK per share, up from a previously lower objective that had stood closer to the wider analyst average around 110 SEK.

This new 126 SEK target sits about 19% above the September 16, 2026 closing price of 105.65 SEK, implying room for further upside if SSAB can sustain its current earnings and cash flow trajectory.Ad Hoc News notes that other recent analyst updates cluster around an average target of approximately 110.43 SEK, so Oddo’s stance is clearly on the more optimistic side.

Stock performance and valuation context

Per the Nasdaq Stockholm data cited by Ad Hoc News, SSAB stock’s five-day move culminating on September 16, 2026 amounted to a gain of 1.25%, while the year-to-date increase of 49.90% places the steel producer among the stronger performers on Nasdaq Stockholm.

In the same coverage, Ad Hoc News highlights that the latest analyst objectives for SSAB span up to around 130 SEK, with the average near 110.43 SEK, illustrating a valuation band that brackets the current market level of 105.65 SEK and frames potential upside and downside scenarios.

Closing price anchors today’s trading view

SSAB AB’s most recent completed reference price is the Nasdaq Stockholm close of 105.65 SEK as of September 16, 2026 in Swedish krona, which serves as the anchor for investors assessing the gap to Oddo’s 126 SEK target and to the broader analyst range around 110 to 130 SEK.