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Kongsberg Gruppen rated Strong Buy on missile and defense growth, targeting NOK 100B revenue by 2029.

Analyst Insights
03 Oct 2026
Seeking Alpha
View Source
Bullish
Kongsberg Gruppen rated Strong Buy on missile and defense growth, targeting NOK 100B revenue by 2029.

Kongsberg Gruppen received a Strong Buy rating due to strong demand in missiles, air defense, and counter-drone systems, supported by a large backlog of NOK 157.5 billion. The company expects Q3 2026 sales of NOK 10.5 billion with EBITDA margins near 20%, driven by expanded missile capacity and operational leverage. It aims to reach NOK 100 billion in revenue by 2029 and NOK 150 billion by 2033, backed by recent major global defense orders. Risks include market sentiment shifts, procurement delays, and competition, but valuation suggests a 41–47% upside with a price target of $45–$47.

Kongsberg Gruppen's outlook is presented here alongside Pluang's Industrials sector data as of Oct 03, 2026 14:41 WIB. Among 93 priced US Industrials stocks, 60 rose and 31 fell. Booz Allen Hamilton Holding Corporation traded at USD 67.35 with a 4.43% decline and 100% buy order activity, contrasting with Bloom Energy at USD 289.15 gaining 4.17% but with a near-even buy-sell split, while Upwork Inc dropped 3.48% at USD 8.05 with full buy order activity. This snapshot highlights varied investor behavior and price movements within the sector on Pluang's platform.

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