Telefonaktiebolaget LM Ericsson (publ) (ERIC)
NASDAQ: ERIC · IEX Real-Time Price · USD
6.20
-0.06 (-0.96%)
At close: Jul 2, 2024, 4:00 PM
6.18
-0.02 (-0.32%)
After-hours: Jul 2, 2024, 6:11 PM EDT
ERIC Stock Forecast
Stock Price Forecast
The 1 analyst with a 12-month price forecast for ERIC stock has a target of 5.58, which predicts a decrease of -10.00% from the current stock price of 6.20.
Analyst Consensus: Hold
* Price targets were last updated on Apr 17, 2024.
Analyst Ratings
According to 1 stock analyst, the rating for ERIC is "Hold". This means that the analyst believes this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 1 | 1 | 1 | 1 | 1 | 0 |
| Hold | 3 | 3 | 3 | 1 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 4 | 4 | 4 | 2 | 2 | 1 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| JP Morgan | JP Morgan | Hold Maintains $5.81 → $5.58 | Hold | Maintains | $5.81 → $5.58 | -10.00% | Apr 17, 2024 |
| JP Morgan | JP Morgan | Buy → Hold Downgrades n/a | Buy → Hold | Downgrades | n/a | n/a | Nov 30, 2023 |
| JP Morgan | JP Morgan | Buy Maintains $8.3 → $7.78 | Buy | Maintains | $8.3 → $7.78 | +25.48% | Oct 18, 2023 |
| TD Cowen | TD Cowen | Buy Maintains $8 → $7 | Buy | Maintains | $8 → $7 | +12.90% | Apr 19, 2023 |
| Raymond James | Raymond James | Buy → Hold Downgrades n/a | Buy → Hold | Downgrades | n/a | n/a | Feb 7, 2023 |
Financial Forecast
Revenue This Year
253.38B
from 263.35B
Decreased by -3.79%
Revenue Next Year
263.25B
from 253.38B
Increased by 3.90%
EPS This Year
5.09
from -7.94
EPS Next Year
5.99
from 5.09
Increased by 17.68%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 286.5B | 310.9B | 321.4B | 254.8B | 258.5B |
| Avg | 253.4B | 263.2B | 270.7B | 245.1B | 248.6B |
| Low | 232.1B | 239.5B | 242.5B | 237.9B | 241.2B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 8.8% | 22.7% | 22.1% | -5.9% | 5.4% |
| Avg | -3.8% | 3.9% | 2.8% | -9.5% | 1.4% |
| Low | -11.9% | -5.5% | -7.9% | -12.1% | -1.6% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 6.83 | 8.24 | 12.18 | 7.77 | 7.95 |
| Avg | 5.09 | 5.99 | 6.91 | 7.47 | 7.65 |
| Low | 3.79 | 4.24 | 4.81 | 7.25 | 7.42 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | - | 61.9% | 103.3% | 12.3% | 6.5% |
| Avg | - | 17.7% | 15.4% | 8.0% | 2.4% |
| Low | - | -16.6% | -19.7% | 4.8% | -0.6% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.