07:29 AM EDT, 04/28/2026 (MT Newswires) -- Nordnet (SAVE.ST) is primed for faster growth ahead after the digital bank for savings and investments'first-quarter results slightly missed expectations, a Berenberg note said.

"While the business delivered solid income and earnings growth, with the company reaching more than SEK1bn in pre-tax profit in a single quarter for the first time, results came in slightly below our forecasts and consensus estimates. Even so, the update showed an encouraging country mix shift in customer deposits that could boost the evolution of net interest income (NII) if sustainable,"analysts wrote Tuesday.

On the other hand, Berenberg expects the company, which is the only pan-Nordic digital savings and investment platform operating at scale across all four Nordic markets, to post an 11% annual growth in net interest income in full-year 2026 to 2.56 billion kronor, compared with the upgraded company guidance of 2.80 billion kronor. It said some downside risks may arise from higher expectations from the market.

Against this background, the research firm raised its revenue, net income and EPS forecasts for Nordnet from 2026 to 2028. The hold rating on the Swedish stock was unchanged, while the price target increased to 320 kronor from 300 kronor.