Nordea cuts target for Thule stock from SEK 275 to SEK 250

Published on 10/15/2026 at 13:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Thule expects third-quarter results on October 22, 2026 after Nordea cut its target to SEK 250. Thule stock costs EUR 17.46 on October 15, 2026.

Analyst view and reporting date

Nordea cut its Thule target from SEK 275 to SEK 250 on October 15, 2026.
Thule expects organic growth of 3.50 percent ahead of its third-quarter report.
Thule stock trades at EUR 17.46 at 1:34 p.m. CEST at Lang & Schwarz on October 15, 2026.

SUV mit Dachbox und Fahrradträgern vor Bergpanorama, Symbolbild Outdoor-Ausrüstung — Thule Group AB SE0007158910 zeigt ein SUV mit Dachbox und Fahrradträgern vor Bergkulisse, Illustration mit AI erstellt.

Thule Group stock (ISIN SE0006422390) was trading at EUR 17.46 at Lang & Schwarz on October 15, 2026 at 1:34 p.m. CEST. MarketScreener reported that Nordea cut its Thule target to SEK 250 from SEK 275 on October 15, 2026, while retaining its Buy recommendation.

What does the target cut imply?

Nordea's update puts the emphasis on slower consumer demand rather than a change in Thule's product strategy. The bank expects organic growth of 3.00 percent in 2026, helped by product launches and price increases, and forecasts organic growth of 3.50 percent ahead of the third-quarter report, according to MarketScreener.

The same update lowered Nordea's EBIT forecasts for 2027 and 2028 by 2.00 percent to 3.00 percent because of weaker consumer conditions. For investors, the key test is whether price increases and cost control can offset pressure in North America and recreational-vehicle products.

Three recent Thule events

On September 23, 2026, Thule indicated that its third-quarter gross margin should improve, helped by a USD 5.00 million refund of US import duties, according to MarketScreener. On October 7, 2026, ABG Sundal Collier cut its target from SEK 300 to SEK 270 and kept its Buy recommendation, as reported by EFN. Nordea's October 15, 2026 target cut to SEK 250 is the latest of the three developments.

When are the next results?

Thule will publish its third-quarter 2026 report for July through September on October 22, 2026 at 7:45 a.m. CEST, followed by a presentation and investor call at 11:00 a.m. CEST. The date was announced in Thule's investor-relations release carried by Placera.

Stock context for investors

Thule is listed on Nasdaq Stockholm under the ticker THULE. The finance data snapshot on October 15, 2026 showed a primary-market price of SEK 194.60, a 52-week range of SEK 184.60 to SEK 257.00, and market capitalization of SEK 21.0 billion. The euro quotation remains the relevant German-market reference for this article, while the Swedish figures show the home-market setting separately.

Thule's latest investor update identifies the second quarter of 2026 as its most recent report. The company said its 2025 sales reached SEK 10.4 billion and that it had about 3,000 employees across 9 production facilities and 35 sales offices, with products sold in 138 markets, according to the October 12, 2026 release carried by Placera. That scale gives the October 22 report particular importance for judging whether growth and margins are moving in the direction expected by Nordea.

Trading perspective

Thule's latest analyst action combines a lower target with continued confidence in the business model. The next report will provide the clearest evidence on organic growth, pricing and margin recovery.

Thule Group was trading at EUR 17.46 at Lang & Schwarz on October 15, 2026 at 1:34 p.m. CEST.

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