Oddo cuts target for EQT stock from SEK 388 to SEK 370

Published on 10/26/2026 at 09:12 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

EQT's third-quarter update showed EUR 195.0 billion of fee-generating assets. EQT stock trades at EUR 26.99 on October 26, 2026.

Platform growth and valuation

On October 20, 2026, the target fell from SEK 388 to SEK 370.
Fee-generating assets reached EUR 195.0 billion in the third quarter of 2026.
EQT stock trades at EUR 26.99 at 9:08 a.m. CET at Lang & Schwarz on October 26, 2026.

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EQT (ISIN SE0012853455) was trading at EUR 26.99 at Lang & Schwarz on October 26, 2026, while a recent target revision put valuation back at the center of the stock story. On October 20, 2026, Oddo cut its target for EQT from SEK 388 to SEK 370 and reiterated an Outperform rating, according to MarketScreener.

Third-quarter assets reach EUR 195.0 billion

The operating backdrop was stronger than the target cut alone suggests. In its October 15, 2026 announcement, EQT Group reported fee-generating assets under management of EUR 195.0 billion for July through September 2026, up from EUR 139.0 billion in the comparable period. Total assets under management reached EUR 354.0 billion, compared with EUR 267.0 billion a year earlier.

Three figures explain the platform

Chronology matters for investors. On August 31, 2026, EQT completed the Coller Capital combination, adding EUR 34.0 billion to fee-generating assets, according to EQT Group. On October 15, 2026, the company reported EUR 41.6 billion of gross inflows for the third quarter, according to EQT Group. The same announcement showed EUR 7.0 billion of gross fund investments during the quarter, according to EQT Group.

What does the target cut mean?

The lower SEK 370 target contrasts with the platform's reported expansion. The central question is whether asset growth converts into durable fee income and earnings, particularly after the Coller integration. EQT's stated long-term adjusted EBITDA margin range remains 55 percent to 65 percent, according to EQT Group.

Next transaction date

The Stockbridge acquisition is expected to close in the first quarter of 2027, subject to customary closing conditions and regulatory approval. The deal includes USD 375.0 million in cash at closing and a potential additional USD 175.0 million tied to performance targets, according to Morningstar.

Stock price and valuation remain linked

The target revision gives investors a clear counterweight to EQT's operating growth: the platform expanded materially, but the latest published analyst target moved lower. EQT was trading at EUR 26.99 at Lang & Schwarz on October 26, 2026 at 9:08 a.m. CET.

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