Hexagon, SE0015961909

DNB Carnegie lifts target for Hexagon stock to SEK 118

Published on 10/26/2026 at 16:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter sales reached EUR 1.05 billion with 13.00 percent organic growth. Hexagon stock costs EUR 9.80 on October 26, 2026 at 4:07 p.m. CET.

Target and earnings update

DNB Carnegie lifted its Hexagon target to SEK 118 on October 26, 2026.
Third-quarter operating net sales reached EUR 1,049.10 million with 13.00 percent organic growth.
Hexagon stock costs EUR 9.80 at Lang & Schwarz on October 26, 2026 at 4:07 p.m. CET.
The next annual 2026 earnings release is scheduled for January 28, 2027.

Hexagon, SE0015961909, Illustration mit AI erstellt.

On October 26, 2026, DNB Carnegie raised its target for Hexagon stock from SEK 110 to SEK 118 and reiterated its Buy rating, as reported by MarketScreener. The move followed Hexagon's third-quarter report, while the stock was at EUR 9.80 at Lang & Schwarz on October 26, 2026 at 4:07 p.m. CET.

Third-quarter growth broadens

Hexagon reported operating net sales of EUR 1,049.10 million for the third quarter of 2026, up from EUR 976.10 million in the third quarter of 2025, with organic growth of 13.00 percent. The figures came from Inderes, which carried the regulatory report dated October 23, 2026.

Adjusted EBITAC rose to EUR 265.30 million from EUR 238.40 million a year earlier, lifting the adjusted EBITAC margin to 25.30 percent from 24.40 percent. Adjusted earnings per share increased to EUR 0.082 from EUR 0.069, while recurring revenue was EUR 276.50 million, down from EUR 318.40 million in the third quarter of 2025.

Stock range and valuation

On Nasdaq Stockholm, Hexagon last traded at SEK 109.25 on October 26, 2026 at 4:15 p.m. CET. Its 52-week range was SEK 71.57 to SEK 120.25, placing the share 9.15 percent below the high. Market capitalization stood at SEK 281.20 billion and the price-to-earnings ratio was 25.98.

What comes next?

Hexagon's next scheduled reporting date is January 28, 2027, for the annual 2026 earnings release. The date appears in the company calendar carried by MFN. The next valuation question is whether stronger organic growth can offset the lower recurring-revenue figure.

Peer comparison

Sandvik traded at SEK 352.10 on October 26, 2026 at 4:15 p.m. CET, up 1.59 percent on the day, with a P/E ratio of 23.14 and market capitalization of SEK 441.70 billion. Atlas Copco traded at SEK 180.95 at the same time, up 2.64 percent, with a P/E ratio of 31.93 and market capitalization of SEK 882.80 billion.

Target and price

DNB Carnegie's SEK 118 target is 8.02 percent above the latest Nasdaq Stockholm price of SEK 109.25. The euro quotation remains the relevant German trading reference for readers: Hexagon was trading at EUR 9.80 at Lang & Schwarz on October 26, 2026 at 4:07 p.m. CET.

The further course of trading is shown by the continuously updated real-time quote of Hexagon stock.