Bank of America raised its Atlas Copco price target from 240 to 250 kronor on July 17, 2026. Analysts at Kepler Cheuvreux, Danske Bank, and Handelsbanken also increased their price targets following the company's July 16 report. Bank of America reiterated its buy rating and identified the start of a new growth cycle.
Total order intake jumped 27% to SEK 50.95 billion, significantly surpassing analyst expectations. Organic order growth reached 26% during the second quarter.
The Vacuum Technique unit reported 59% organic order growth. Surging demand from the semiconductor industry primarily drove this performance. This robust chipmaking demand serves as a positive indicator for the broader supply chain.