JP Morgan has increased its price target for Vestas Wind Systems to DKK 251 per share, up from the previous target of DKK 216.
The investment bank maintained its 'overweight' recommendation on the stock, signaling continued confidence in the company's valuation relative to peers.
The adjustment reflects a more optimistic outlook on the wind turbine manufacturer's near-term prospects.
By raising the target by DKK 35, JP Morgan is indicating that the current market price leaves significant room for appreciation, according to data cited by Bloomberg.
Vestas remains a focal point for investors tracking the European renewable energy sector.
The stock's performance is closely watched as a barometer for the broader green transition and industrial policy shifts across the continent.