Telefonaktiebolaget LM Ericsson (publ) (ERIC)
NASDAQ: ERIC · Real-Time Price · USD
7.51
+0.06 (0.81%)
Oct 11, 2024, 4:00 PM EDT - Market closed
ERIC Stock Forecast
Stock Price Forecast
The 1 analyst with a 12-month price forecast for ERIC stock has a target of 5.90, which predicts a decrease of -21.44% from the current stock price of 7.51.
Analyst Consensus: Hold
* Price targets were last updated on Jul 15, 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 | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 1 | 1 | 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 | 2 | 1 | 1 | 1 | 1 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| JP Morgan | JP Morgan | Hold Maintains $5.58 → $5.9 | Hold | Maintains | $5.58 → $5.9 | -21.44% | Jul 15, 2024 |
| JP Morgan | JP Morgan | Hold Maintains $5.81 → $5.58 | Hold | Maintains | $5.81 → $5.58 | -25.70% | 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 | +3.60% | Oct 18, 2023 |
| TD Cowen | TD Cowen | Buy Maintains $8 → $7 | Buy | Maintains | $8 → $7 | -6.79% | Apr 19, 2023 |
Financial Forecast
Revenue This Year
252.94B
from 263.35B
Decreased by -3.95%
Revenue Next Year
262.66B
from 252.94B
Increased by 3.84%
EPS This Year
4.84
from -7.94
EPS Next Year
5.78
from 4.84
Increased by 19.38%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 286.5B | 310.9B | 321.4B | ||
| Avg | 252.9B | 262.7B | 270.0B | ||
| Low | 240.3B | 240.4B | 242.9B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 8.8% | 22.9% | 22.4% | ||
| Avg | -4.0% | 3.8% | 2.8% | ||
| Low | -8.8% | -5.0% | -7.5% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 6.67 | 8.22 | 9.31 | ||
| Avg | 4.84 | 5.78 | 6.79 | ||
| Low | 2.46 | 4.48 | 5.00 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | - | 69.7% | 61.1% | ||
| Avg | - | 19.4% | 17.3% | ||
| Low | - | -7.5% | -13.5% |
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.