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

$6.68
+0.29 (+4.54%)
(As of 07/12/2024 ET)

Telefonaktiebolaget LM Ericsson (publ) - Analysts' Recommendations 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.

Consensus Rating

Consensus Price Target

$5.58
-16.47% Downside
High Forecast$5.58
Average Forecast$5.58
Low Forecast$5.58
TypeCurrent Forecast
7/14/23 to 7/13/24
1 Month Ago
6/14/23 to 6/13/24
3 Months Ago
4/15/23 to 4/14/24
1 Year Ago
7/14/22 to 7/14/23
Consensus Rating
Reduce
Reduce
Reduce
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)
1 Buy rating(s)
1 Buy rating(s)
5 Buy rating(s)
Hold
2 Hold rating(s)
2 Hold rating(s)
2 Hold rating(s)
6 Hold rating(s)
Sell
2 Sell rating(s)
2 Sell rating(s)
2 Sell rating(s)
4 Sell rating(s)
Consensus Price Target$5.58$5.58$5.90$7.83
Forecasted Upside-16.47% Downside13.18% Upside17.76% Upside41.18% Upside
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ERIC Analyst Recommendations 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
2.61
2.50
Consensus RatingReduceModerate BuyModerate Buy
Predicted Upside-16.47% Downside299.41% Upside9.38% Upside
News Sentiment RatingNeutral News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
4/17/2024JPMorgan Chase & Co.
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 Lower TargetNeutral ➝ Neutral$5.81 ➝ $5.58+13.18%
1/31/2024UBS Group
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 DowngradeNeutral ➝ Sell
1/19/2024Barclays
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 DowngradeEqual Weight ➝ Underweight
12/8/2023Jefferies Financial Group
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 UpgradeHold ➝ Buy
7/18/2023Societe Generale
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 UpgradeSell ➝ Hold
3/30/2023DNB Markets
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 UpgradeHold ➝ Buy
2/7/2023Raymond James
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 DowngradeOutperform ➝ Market Perform
1/23/2023The Goldman Sachs Group
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 DowngradeNeutral ➝ Sell
1/23/2023Cowen
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 Lower TargetOutperform$10.00 ➝ $8.00+40.84%
1/10/2023BNP Paribas
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 DowngradeOutperform ➝ Neutral
11/9/2022Deutsche Bank Aktiengesellschaft
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Robert Sanders
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Lower TargetSEK 80 ➝ SEK 70
11/8/2022Morgan Stanley
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 Initiated CoverageEqual Weight
10/21/2022Cowen
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 Lower TargetOutperform$11.00 ➝ $8.00+48.15%
10/21/2022Oddo Bhf
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Martin Marandon-Carlhian
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DowngradeOutperform ➝ UnderperformSEK 60
9/26/2022Redburn Partners
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 Initiated CoverageNeutral
9/15/2022Credit Suisse Group
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 DowngradeOutperform ➝ Underperform
7/15/2022Kepler Capital Markets
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 DowngradeHold
7/15/2022Cheuvreux
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 DowngradeBuy ➝ Hold

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 06:04 AM ET.

ERIC Forecast - Frequently Asked Questions

What is Telefonaktiebolaget LM Ericsson (publ)'s forecast for 2024?

According to the research reports of 5 Wall Street equities research analysts, the average twelve-month stock price forecast for Telefonaktiebolaget LM Ericsson (publ) is $5.58, with a high forecast of $5.58 and a low forecast of $5.58.

Should I buy or sell Telefonaktiebolaget LM Ericsson (publ) stock right now?

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Telefonaktiebolaget LM Ericsson (publ) in the last twelve months. There are currently 2 sell ratings, 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" ERIC shares.

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 13.18% based on their 12-month stock forecasts.

What analysts cover Telefonaktiebolaget LM Ericsson (publ)?

Telefonaktiebolaget LM Ericsson (publ) has been rated by research analysts at JPMorgan Chase & Co. in the past 90 days.

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.


This page (NASDAQ:ERIC) was last updated on 7/13/2024 by MarketBeat.com Staff

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