Citi raises its price target for measurement technology company Hexagon to SEK 105 from SEK 95 and maintains its Neutral rating.
Following a strong third-quarter report, with higher growth and strong order intake, the bank raises its revenue forecasts for 2026–2028 by 2–5 percent and its earnings-per-share forecasts by 4–5 percent.
However, Citi believes that the improved performance and potential in robotics are already reflected in the valuation.
The stock trades at approximately 20 times EV/EBITAC for 2028, compared with 13–14 times for its sector peers.
