BofA starts coverage of NKT stock with DKK 1,100 target

Published on 10/08/2026 at 19:00 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

BofA sees 23.18 percent upside from DKK 893.00. NKT stock was EUR 114.40 on October 8, 2026 versus EUR 114.85, minus 0.39 percent.

Key points in brief

BofA started coverage on October 5, 2026 with a DKK 1,100.00 target and Buy rating for NKT.
NKT reported EUR 947.0 million in second-quarter 2026 revenue and EUR 51.0 million in net income.
NKT stock was at EUR 114.40 at Lang & Schwarz on October 8, 2026, down 0.39 percent versus EUR 114.85.
The next financial report is scheduled for November 19, 2026, covering the first three quarters of 2026.

3D-Render einer Offshore-Umspannplattform im Meer, Bezug NKT A/S DK0010287663 — Architektur-Render einer Offshore-Umspannplattform auf See, symbolisch für Geschäftsfeld von NKT A/S, ISIN DK0010287663, Illustration mit AI erstellt.

NKT (ISIN DK0010287663) was trading at EUR 114.40 at Lang & Schwarz after-hours on October 8, 2026, down 0.39 percent versus the prior close of EUR 114.85. According to Investing.com on October 5, 2026, BofA Global Research started coverage with a Buy rating and a DKK 1,100.00 price target, citing DKK 893.00 as the reference price in its report.

What does the target imply

The BofA target lies 23.18 percent above the DKK 893.00 reference price. The bank linked its view to demand for high-voltage direct-current cables and said NKT is one of three major suppliers with the relevant technology and installation expertise, according to Investing.com.

The same report identified weaker European electrification demand, pricing pressure and policy-related costs as risks. It also forecast free cash flow to improve from negative EUR 127 million in 2026 to EUR 211 million in 2028, making project execution and cash conversion central to the valuation case.

Three milestones shape the story

On August 24, 2026, NKT qualified a 525 kV high-voltage direct-current subsea cable system for operation at a 90 degrees Celsius conductor temperature, according to Simply Wall St. On September 29, 2026, NKT outlined a EUR 2.0 billion investment program and said commercial operation at its expanded Karlskrona factory is expected in the second quarter of 2027, per MFN. On October 5, BofA then began coverage with its DKK 1,100.00 target.

NKT reported EUR 947.0 million in revenue and EUR 51.0 million in net income for the second quarter of 2026, with a 5.40 percent profit margin, according to Simply Wall St. Revenue and net income were flat versus the second quarter of 2025, so the investment case currently depends more on future capacity and order execution than on recent top-line acceleration.

Dates for the next move

NKT's next financial report is scheduled for November 19, 2026, covering the interim report for the first three quarters of 2026, according to NKT. The report will provide the next dated test of the 2026 outlook and the Karlskrona expansion timetable.

Stock price after the Xetra close

At Lang & Schwarz, NKT was trading at EUR 114.40 after-hours on October 8, 2026, down 0.39 percent versus the prior close of EUR 114.85 on October 7, 2026. NKT is listed on Nasdaq Copenhagen, according to Global Banking and Finance.

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