SEB has raised the price target to NOK 45 and sees potential at 70 kroner.
AI translation:
Oslo (Infront TDN Direkt): SEB raises Magnora’s price target to 45 kroner from the previous 30 kroner and reiterates a Buy recommendation for the stock.
This is according to an analysis published on Monday.
The price target hike reflects an updated SOTP (sum-of-the-parts) model based on the land bank of the company’s various technologies in the first quarter of 2026. Additionally, the brokerage highlights the upside potential from a possible spin-off and stock market listing of the data center business.
“The analysis highlights significant upside potential with sensitivity analyses showing potential values exceeding 70 kroner per share as commercialization progresses, emphasizing the strong option value of the equity. We also include a valuation method based on going concern,” SEB writes.
