Thule Group AB Stock Forecast

Stock Price Forecast

According to 8 analysts polled by S&P Global, Thule Group AB stock has a consensus rating of "Buy" and an average price target of kr 277.50. The average 1-year stock price forecast is 33.67% higher than the current stock price, while the lowest is kr 235.00 (+13.20%) and the highest is kr 300.00 (+44.51%).

Price Target: kr 277.50 (+33.67%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	kr 235.00	kr 277.50	kr 290.00	kr 300.00
Change	+13.20%	+33.67%	+39.69%	+44.51%

* Price targets were last updated on May 6, 2026.

Analyst Ratings

The average analyst rating for Thule Group AB stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Jan '26	Feb '26	Mar '26	Apr '26	May '26	Jun '26
Strong Buy	4	4	4	5	5	5
Buy	1	1	1	1	1	1
Hold	2	2	2	2	2	2
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	7	7	7	8	8	8

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Adela Dashian Jefferies	Jefferies	Buy Maintains kr 290.00	Buy	Maintains	kr 290.00	+39.69%	May 6, 2026
Hai Huynh UBS	UBS	Hold Maintains kr 270.00	Hold	Maintains	kr 270.00	+30.06%	Apr 30, 2026
Mats Liss Kepler Capital	Kepler Capital	Buy Maintains kr 240.00 → kr 250.00	Buy	Maintains	kr 240.00 → kr 250.00	+20.42%	Apr 29, 2026
Gustav Hageus SEB Enskilda	SEB Enskilda	Hold Upgrades kr 220.00	Hold	Upgrades	kr 220.00	+5.97%	Mar 31, 2026

Financial Forecast

Revenue This Year

10.53B

from 10.43B

1.00%

from 10.43B

Revenue Next Year

11.18B

from 10.53B

6.12%

from 10.53B

EPS This Year

11.74

from 10.55

11.28%

from 10.55

EPS Next Year

13.25

from 11.74

12.88%

from 11.74

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	10.39B	10.14B	9.13B	9.54B	10.43B	10.53B
Revenue Growth	32.68%	-2.39%	-9.92%	4.48%	9.31%	1.00%
Gross Profit	4.16B	3.86B	3.74B	4.07B	4.79B	4.85B
Gross Margin	40.05%	38.06%	40.92%	42.70%	45.97%	46.04%
Operating Income	2.32B	1.70B	1.50B	1.62B	1.66B	1.81B
Net Income	1.79B	1.28B	1.10B	1.12B	1.11B	1.27B
EPS	-	-	-	-	10.55	11.74
EPS Growth	-	-	-	-	-0.37%	11.28%
Forward PE	32.90	19.81	22.20	23.02	19.78	17.68
Dividend / Share	13.00	9.20	9.50	8.30	8.30	9.14
Dividend Growth	-	-29.23%	3.26%	-12.63%	-	10.13%
Free Cash Flow	70.50M	-364.75M	1.33B	1.59B	890.88M	1.31B
No. Analysts	-	-	-	-	-	8

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

Revenue Forecast

Revenue	2026	2027	2028
High	10.8B
Avg	10.5B
Low	10.4B

Revenue Growth

Revenue Growth	2026	2027	2028
High	3.1%
Avg	1.0%
Low	-0.7%

EPS Forecast

EPS	2026	2027	2028
High	12.30
Avg	11.74
Low	11.42

EPS Growth

EPS Growth	2026	2027	2028
High	16.6%
Avg	11.3%
Low	8.2%