Telefonaktiebolaget LM Ericsson (publ) (ERIC)
NASDAQ: ERIC · Real-Time Price · USD
8.06
+0.01 (0.12%)
At close: Dec 20, 2024, 4:00 PM
8.02
-0.04 (-0.50%)
After-hours: Dec 20, 2024, 7:08 PM EST
ERIC Stock Forecast
Stock Price Forecast
The 1 analyst with a 12-month price forecast for ERIC stock has a target of 6.70, which predicts a decrease of -16.87% from the current stock price of 8.06.
Analyst Consensus: Hold
* Price targets were last updated on Oct 21, 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 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 1 | 1 | 1 | 1 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 1 | 1 | 1 | 1 | 1 | 1 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| JP Morgan | JP Morgan | Hold Maintains $5.9 → $6.7 | Hold | Maintains | $5.9 → $6.7 | -16.87% | Oct 21, 2024 |
| JP Morgan | JP Morgan | Hold Maintains $5.58 → $5.9 | Hold | Maintains | $5.58 → $5.9 | -26.80% | Jul 15, 2024 |
| JP Morgan | JP Morgan | Hold Maintains $5.81 → $5.58 | Hold | Maintains | $5.81 → $5.58 | -30.77% | 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 | -3.47% | Oct 18, 2023 |
Financial Forecast
Revenue This Year
249.92B
from 263.35B
Decreased by -5.10%
Revenue Next Year
257.97B
from 249.92B
Increased by 3.22%
EPS This Year
5.30
from -7.94
EPS Next Year
6.44
from 5.30
Increased by 21.32%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 263.5B | 281.5B | 292.1B | |||
| Avg | 249.9B | 258.0B | 265.2B | |||
| Low | 239.6B | 242.2B | 242.6B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 0.0% | 12.7% | 13.2% | |||
| Avg | -5.1% | 3.2% | 2.8% | |||
| Low | -9.0% | -3.1% | -5.9% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 6.96 | 8.30 | 9.03 |
| Avg | 5.30 | 6.44 | 6.91 |
| Low | 2.29 | 4.24 | 4.91 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | 56.4% | 40.3% |
| Avg | - | 21.3% | 7.3% |
| Low | - | -20.0% | -23.7% |
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.