Stifel starts Norbit with 'buy', see it as a 'high-margin platform'

Norbit ASA

25/02/2026 15:26

** Stifel initiates coverage on Norwegian technology group Norbit NORBT.OL with a "buy" rating, citing its successful evolution into a high-margin, systems-level partner

** Norbit is transforming into a systems partner, increasing its share of customer workflows in areas like seabed intelligence, Stifel says

** Norbit's three synergistic divisions create an "(uncommon) multi-engine compounder with non-correlated growth,  it says, expecting the group's revenue trajectory to near NOK 4 billion ($417.11 million) or more by 2030

** Strong fundamentals, including low leverage and rising FCF, give options for M&A and increased shareholder payouts, it adds

** Stifel sets PT at NOK 220

($1 = 9.5897 Norwegian crowns)

(Reporting by Marta Frackowiak)

((marta.frackowiak@thomsonreuters.com))