Affärsvärlden has issued a buy recommendation for the private equity firm EQT in an analysis published on Monday.

Based on today's reported earnings, investors have to pay a high price to become shareholders in EQT. However, the private equity giant has grown impressively, and there are strong prospects that profit-sharing revenues could surge in the coming years. This would mean a multi-billion jackpot, especially for the firm's partners, the magazine writes.

"There is probably still an upside of around 20 percent in the stock, including some dividends and potential buybacks along the way. We are tagging the stock as a buy," Affärsvärlden states.