EQT's analyst price target saw a slight downward revision to SEK362.93 as ongoing strong operational execution and share price momentum are largely offset by concerns over the stock’s premium valuation and limited near-term upside.
Analyst Commentary
- Bullish analysts cite potential catalysts, including a constructive outlook for the first half results, driving further upside for the shares.
- Recent upgrades and price target increases are supported by a 30% recovery from April lows and strong year-to-date share price performance.
- Some analysts note that positive news flow is already reflected in EQT's premium valuation relative to peers, implying limited near-term upside.
- Broad-based optimism regarding EQT's operational execution and market dynamics underpins raised price targets and upgrades.
- Major brokerages remain divided on risk/reward, with several maintaining neutral or equal weight ratings despite higher targets, pointing to valuation concerns.
What's in the News
- EQT is considering a U.S. IPO for its waste management business Reworld, targeting at least $1B with potential timing as soon as next year, and working with Goldman Sachs, JPMorgan, and Royal Bank of Canada on the process (Bloomberg).
- EQT continues to be highly active in M&A, including being shortlisted for major acquisitions in India and Asia such as a controlling stake in Whirlpool of India (potential $550–600M deal), Gland Pharma (potential $1.9–3B deal), Nuvama Wealth Management ($1.6B deal), and the possible acquisition of fund services firm IQ-EQ (approx. $5.9B), as well as initiating the sale of a minority stake in the Italian unit of Radius Global Infrastructure (valued over €1B) (Key Developments).
- EQT has launched the Nexus ELTIF Private Equity Fund within its evergreen product suite, leveraging the EU’s updated ELTIF framework to broaden private markets access for non-professional investors across the EU and EEA, with distribution to begin in November 2025 (Key Developments).
- EQT has entered a strategic partnership with Trade Republic, enabling the German fintech’s customers to access private markets with low investment minimums, enhancing EQT’s presence in the retail wealth segment (Key Developments).
- EQT was added to the OMX Stockholm 30 Index on July 1, 2025, and entered a new trademark license agreement with EQT Private Equity Company LLC (Key Developments).
Valuation Changes
Summary of Valuation Changes for EQT
- The Consensus Analyst Price Target remained effectively unchanged, moving only marginally from SEK366.92 to SEK362.93.
- The Discount Rate for EQT remained effectively unchanged, moving only marginally from 6.18% to 6.25%.
- The Future P/E for EQT remained effectively unchanged, moving only marginally from 270.27x to 267.28x.
Disclaimer
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