SKF stock: Citi raises target for SKF stock from SEK 270.00 to SEK 280.00

Published on 10/16/2026 at 16:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Fifteen contributors expect SEK 17.42 billion in third-quarter sales. SKF stock costs EUR 24.30 on October 16, 2026, up 1.77 percent on Nasdaq Stockholm.

Analyst view and reporting date

Citi raised its SKF target from SEK 270.00 to SEK 280.00 on October 15, 2026.
Fifteen contributors forecast SEK 17.42 billion in third-quarter sales.
SKF stock costs EUR 24.30 at Lang & Schwarz on October 16, 2026 at 4:30 p.m. CEST, up 1.77 percent on Nasdaq Stockholm.
SKF will publish its third-quarter report on October 21, 2026.

Aquarellillustration einer schwedischen Hafenstadt mit Industriegebäuden — Aquarellmalerei zeigt Göteborg Hafenstadt und Industriegebäude, Standort von SKF AB, ISIN SE0000108227, Schweden, Illustration mit AI erstellt.

Citi raised its target for SKF from SEK 270.00 to SEK 280.00 on October 15, 2026, while keeping a Neutral rating, according to Markets Insider. The target is 3.40 percent above the Nasdaq Stockholm price of SEK 270.80 on October 16, 2026. SKF stock was trading at EUR 24.30 at Lang & Schwarz on October 16, 2026 at 4:30 p.m. CEST, up 1.77 percent on Nasdaq Stockholm.

Consensus sets a measurable hurdle

Fifteen contributors forecast third-quarter net sales of SEK 17.417 billion, organic growth of 3.62 percent and adjusted operating profit of SEK 2.781 billion. The consensus also points to a 15.97 percent adjusted operating margin. These estimates exclude Automotive, which SKF is preparing to report as discontinued operations, according to Placera on October 16, 2026.

Price sits below its yearly high

The Nasdaq Stockholm quote stood at SEK 270.80 on October 16, 2026, compared with a 52-week range of SEK 204.80 to SEK 282.00. The current price is 3.97 percent below that high. SKF's market capitalization was SEK 123.3 billion, its price-to-earnings ratio was 27.40 and its trailing dividend yield was 0.03 percent on the same date.

Valuation and reporting date

SKF will publish its third-quarter report on October 21, 2026, at around 7:30 a.m. CEST. The company said in its October 8, 2026 release that Automotive will be reported as discontinued operations ahead of the planned SKF Vertevo listing on December 1, 2026, according to SKF.

Comparison with peers

SKF: plus 1.77 percent, P/E 27.40, market capitalization SEK 123.3 billion

Sandvik (Nasdaq Stockholm, SEK): plus 2.01 percent, P/E 26.80, market capitalization SEK 451.3 billion

Atlas Copco (Nasdaq Stockholm, SEK): plus 1.40 percent, P/E 37.16, market capitalization SEK 867.7 billion

Market position

SKF combines bearings, seals and lubrication systems with industrial services and operates in the Industrials sector. Its valuation sits above Sandvik's P/E of 26.80 but below Atlas Copco's 37.16, giving the October 21 report a clear comparison point for margins and sales.

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