Telefonaktiebolaget LM Ericsson (publ) (ERIC)
NASDAQ: ERIC · Real-Time Price · USD
8.33
+0.02 (0.24%)
Nov 5, 2024, 12:34 PM EST - Market open
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 -19.57% from the current stock price of 8.33.
Analyst Consensus: Hold
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 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 1 | 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 | 2 | 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 | -19.57% | Oct 21, 2024 |
| JP Morgan | JP Morgan | Hold Maintains $5.58 → $5.9 | Hold | Maintains | $5.58 → $5.9 | -29.17% | Jul 15, 2024 |
| JP Morgan | JP Morgan | Hold Maintains $5.81 → $5.58 | Hold | Maintains | $5.81 → $5.58 | -33.01% | 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 | -6.60% | 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 |
|---|---|---|---|---|---|
| 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 |
|---|---|---|---|---|---|
| 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 | 2027 | 2028 |
|---|---|---|---|---|---|
| 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 | 2027 | 2028 |
|---|---|---|---|---|---|
| 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.