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Telefonaktiebolaget LM Ericsson (publ) (ERIC) Stock Forecast & Price Target

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$5.00
+0.21 (+4.38%)
(As of 09:46 AM ET)
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Telefonaktiebolaget LM Ericsson (publ) Consensus Analyst Rating and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Analysts' Consensus Rating

Reduce
Based on 5 Analyst Ratings

Analysts' Consensus Price Target

$5.90
18.00% Upside
High Forecast$5.90
Average Forecast$5.90
Low Forecast$5.90
TypeCurrent Forecast
4/17/23 to 4/16/24		1 Month Ago
3/18/23 to 3/17/24		3 Months Ago
1/17/23 to 1/17/24		1 Year Ago
4/17/22 to 4/17/23
Consensus Rating
Reduce
Hold
Hold
Hold
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
1 Buy rating(s)
2 Buy rating(s)
3 Buy rating(s)
5 Buy rating(s)
Hold
2 Hold rating(s)
2 Hold rating(s)
4 Hold rating(s)
6 Hold rating(s)
Sell
2 Sell rating(s)
2 Sell rating(s)
1 Sell rating(s)
4 Sell rating(s)
Consensus Price Target$5.90$5.90$7.13$7.83
Predicted Upside18.00% Upside17.76% Upside31.81% Upside41.18% Upside
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ERIC Analyst Ratings By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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ERIC Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Telefonaktiebolaget LM Ericsson (publ) Stock vs. The Competition

TypeTelefonaktiebolaget LM Ericsson (publ)Computer and Technology CompaniesS&P 500
Consensus Rating Score
1.80
2.58
2.48
Consensus RatingReduceModerate BuyHold
Predicted Upside23.17% Upside112.80% Upside11.24% Upside
News Sentiment RatingNeutral News
Positive News
Positive News

Recent Analyst Ratings and Stock Forecasts

Export to Excel
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
1/31/2024UBS Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 DowngradeNeutral ➝ Sell
1/19/2024Barclays
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 DowngradeEqual Weight ➝ Underweight
12/8/2023Jefferies Financial Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeHold ➝ Buy
11/30/2023JPMorgan Chase & Co.
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 DowngradeOverweight ➝ Neutral$7.80 ➝ $5.90+17.76%
7/18/2023Societe Generale
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeSell ➝ Hold

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 10:06 AM ET.

ERIC Price Target - Frequently Asked Questions

What is Telefonaktiebolaget LM Ericsson (publ)'s consensus rating and price target?

According to the issued ratings of 5 analysts in the last year, the consensus rating for Telefonaktiebolaget LM Ericsson (publ) stock is Reduce based on the current 2 sell ratings, 2 hold ratings and 1 buy rating for ERIC. The average twelve-month price prediction for Telefonaktiebolaget LM Ericsson (publ) is $5.90 with a high price target of $5.90 and a low price target of $5.90. Learn more on ERIC's analyst rating history.

Do Wall Street analysts like Telefonaktiebolaget LM Ericsson (publ) more than its competitors?

Analysts like Telefonaktiebolaget LM Ericsson (publ) less than other Computer and Technology companies. The consensus rating for Telefonaktiebolaget LM Ericsson (publ) is Reduce while the average consensus rating for computer and technology companies is Moderate Buy. Learn more on how ERIC compares to other companies.

Is Telefonaktiebolaget LM Ericsson (publ) being downgraded by Wall Street analysts?

Over the previous 90 days, Telefonaktiebolaget LM Ericsson (publ)'s stock had 2 downgrades by analysts.

Does Telefonaktiebolaget LM Ericsson (publ)'s stock price have much upside?

According to analysts, Telefonaktiebolaget LM Ericsson (publ)'s stock has a predicted upside of 17.76% based on their 12-month stock forecasts.

What analysts cover Telefonaktiebolaget LM Ericsson (publ)?

Telefonaktiebolaget LM Ericsson (publ) has been rated by Barclays, and UBS Group in the past 90 days.


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This page (NASDAQ:ERIC) was last updated on 4/16/2024 by MarketBeat.com Staff

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