Stocks
Avanza Stock Surges After Goldman Sachs Boosts Price Target to SEK 430
Avanza Bank Holding AB's stock gained 1.35 percent on October 2, 2026, reaching SEK 390.70 on Nasdaq Stockholm after Goldman Sachs raised its price target from SEK 406 to SEK 430 while maintaining a Neutral rating.
The increase implies a higher valuation reference than the current market price, according to Affärsvärlden. Deutsche Bank's September 30 initiation set a Buy rating and a SEK 440 target, with JP Morgan resuming coverage at a Neutral rating and a SEK 408.20 target.
Avanza's Q2 2026 operating profit rose to SEK 928 million from SEK 879 million in the prior quarter, while earnings per share reached SEK 4.97. Management described the quarter as a record period, with income increasing 6 percent from the previous quarter.