Saab AB shares rose for a tenth consecutive trading day. The defense company's stock gained nearly 16 percent during this period. This marks its longest winning streak since May 2024.
The rally follows a recent double upgrade from Barclays. Barclays shifted its recommendation from "sell" to "buy." The bank increased its price target from SEK 545 to SEK 740. Barclays cited diminished risks to growth prospects beyond 2030. It also noted large orders and more stable margins in Saab's Aeronautics division. The bank highlighted the potential for stronger cash flow, justifying a premium valuation.