ABG cuts target for Thule stock to SEK 270

Published on 10/13/2026 at 03:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Thule reported SEK 3.42 billion revenue and SEK 537 million net income in Q2 2026. Thule stock was last EUR 17.01 on October 12, 2026.

Key points in brief

ABG Sundal Collier cut its Thule target from SEK 300 to SEK 270 on October 7, 2026, while keeping a Buy rating.
Thule reported SEK 3.42 billion in revenue and SEK 537 million in net income for the second quarter of 2026.
The company is scheduled to publish its third-quarter 2026 report on October 22, 2026.
Thule was last at EUR 17.01 at Lang & Schwarz on October 12, 2026, at 11:00 p.m. CEST.

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Thule Group (ISIN SE0006422390) was last at EUR 17.01 at Lang & Schwarz on October 12, 2026, at 11:00 p.m. CEST. The latest analyst action came from ABG Sundal Collier, which cut its target from SEK 300 to SEK 270 on October 7, 2026, while maintaining a Buy rating, according to Placera.

Three dated developments

On July 20, 2026, Thule's second-quarter revenue reached SEK 3.42 billion and net income reached SEK 537 million, according to TickerLandia.

On October 7, 2026, ABG Sundal Collier reduced its target to SEK 270 from SEK 300 and retained its Buy view, Placera reported. The SEK 30 reduction equals 10.00 percent.

On October 12, 2026, Thule announced that its third-quarter report for July through September 2026 will be published on October 22, 2026, according to Placera.

What does the target cut signal?

ABG's revised SEK 270 target remains SEK 83 above Thule's latest cited Stockholm price of SEK 187.00 on October 8, 2026. The assessment therefore combines a lower valuation framework with continued confidence in the company's earnings potential.

The same analysis described price increases introduced on August 1, 2026, as partial protection against higher freight and raw-material costs. It also identified a weaker European recreational-vehicle market as a counter-factor, while forecasting organic sales growth of 3.00 to 4.00 percent for 2026 and 2027, according to Placera.

Next reporting date

Thule is scheduled to publish its third-quarter 2026 results on October 22, 2026, followed by a presentation and conference call. The report will test whether pricing actions and cost savings offset pressure from freight, materials and recreational-vehicle demand.

Stock price context

Thule's last available Lang & Schwarz quote was EUR 17.01 on October 12, 2026, at 11:00 p.m. CEST. Nasdaq Stockholm data showed a market capitalization of SEK 20.4 billion and a 52-week range of SEK 184.60 to SEK 257.00 as of October 12, 2026.

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