Saab Shares Already Price In Europe's Rearmament -- Market Talk

1036 GMT - Saab has the largest order book in its history, driven by Europe's rearmament, but the share price already demands that the strong trend continues well into the next decade, SB1 Markets analyst William Alexander Balksten writes. The bank says the current valuation requires that consensus forecasts are fully met until 2030, with order intake increasing from 200 billion Swedish kronor in 2031 to 366 billion kronor in 2040. "This would mean order intake above the record level from 2025 in each of these years." Saab's share of Europe's defense investments would also need to increase from 5% to 7% just to justify today's valuation rather than to create further upside. The bank initiates coverage with a neutral rating and 650 Swedish kronor target price. Shares rise 1.2% to 649 kroner.(dominic.chopping@wsj.com)

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August 27, 2026 06:37 ET (10:37 GMT)