Karnov Group AB Stock Forecast

Stock Price Forecast

According to 3 analysts polled by S&P Global, Karnov Group AB stock has a consensus rating of "Strong Buy" and an average price target of kr 106.67. The average 1-year stock price forecast is 48.15% higher than the current stock price, while the lowest is kr 95.00 (+31.94%) and the highest is kr 125.00 (+73.61%).

Price Target: kr 106.67 (+48.15%)

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	kr 95.00	kr 106.67	kr 100.00	kr 125.00
Change	+31.94%	+48.15%	+38.89%	+73.61%

* Price targets were last updated on Feb 24, 2026.

Analyst Ratings

The average analyst rating for Karnov Group AB stock is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.

Recommendation Trends

Rating	Nov '25	Jan '26	Feb '26	Mar '26	Apr '26	May '26
Strong Buy	2	3	3	3	3	3
Buy	0	0	0	0	0	0
Hold	0	0	0	0	0	0
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	2	3	3	3	3	3

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Simon Jonsson Berenberg Bank	Berenberg Bank	Buy Maintains kr 125.00 → kr 115.00	Buy	Maintains	kr 125.00 → kr 115.00	+59.72%	Feb 24, 2026

Financial Forecast

Revenue This Year

2.57B

from 2.64B

-2.67%

from 2.64B

Revenue Next Year

2.69B

from 2.57B

4.64%

from 2.57B

EPS This Year

5.12

from 5.01

2.27%

from 5.01

EPS Next Year

5.59

from 5.12

9.11%

from 5.12

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	878.07M	1.11B	2.47B	2.59B	2.64B	2.57B
Revenue Growth	13.83%	26.81%	122.24%	4.77%	1.86%	-2.67%
Gross Profit	459.42M	555.10M	978.20M	1.09B	1.15B	2.25B
Gross Margin	52.32%	49.85%	39.53%	41.95%	43.65%	87.70%
Operating Income	116.31M	78.80M	160.90M	146.00M	1.12B	707.70M
Net Income	84.91M	59.90M	38.20M	-33.10M	970.80M	269.17M
EPS	-	-	-	-	5.01	5.12
EPS Growth	-	-	-	-	36.56%	2.27%
Forward PE	24.10	16.82	16.75	19.83	20.25	14.06
Free Cash Flow	336.04M	751.84M	201.49M	208.04M	724.50M	449.60M
No. Analysts	-	-	-	-	-	3

EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is SEK.

Revenue Forecast

Revenue	2026	2027	2028
High	2.6B
Avg	2.6B
Low	2.6B

Revenue Growth

Revenue Growth	2026	2027	2028
High	-2.3%
Avg	-2.7%
Low	-3.1%

EPS Forecast

EPS	2026	2027	2028
High	-
Avg	5.12
Low	-

EPS Growth

EPS Growth	2026	2027	2028
High	-
Avg	2.3%
Low	-