Telefonaktiebolaget LM Ericsson (publ) (ERIC)
NASDAQ: ERIC · IEX Real-Time Price · USD
5.36
+0.10 (1.90%)
Apr 23, 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 5.58, which predicts an increase of 4.10% from the current stock price of 5.36.
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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 1 | 1 | 1 | 1 | 1 | 0 |
| Hold | 3 | 3 | 3 | 3 | 3 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 4 | 4 | 4 | 4 | 4 | 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 | +4.10% | 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 | +45.15% | Oct 18, 2023 |
| TD Cowen | TD Cowen | Buy Maintains $8 → $7 | Buy | Maintains | $8 → $7 | +30.60% | 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
261.42B
from 263.35B
Decreased by -0.73%
Revenue Next Year
269.51B
from 261.42B
Increased by 3.09%
EPS This Year
4.82
from -7.94
EPS Next Year
5.94
from 4.82
Increased by 23.14%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 291.1B | 310.9B | 329.1B | 302.4B | 316.6B |
| Avg | 261.4B | 269.5B | 279.1B | 290.0B | 304.5B |
| Low | 239.1B | 241.3B | 243.6B | 280.4B | 295.5B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 10.5% | 18.9% | 22.1% | 8.4% | 9.2% |
| Avg | -0.7% | 3.1% | 3.5% | 3.9% | 5.0% |
| Low | -9.2% | -7.7% | -9.6% | 0.5% | 1.9% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 6.41 | 8.43 | 9.03 | 7.72 |
| Avg | 4.82 | 5.94 | 6.70 | 6.45 |
| Low | 3.55 | 4.61 | 4.91 | 5.31 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | - | 74.9% | 52.1% | 15.3% |
| Avg | - | 23.1% | 12.8% | -3.7% |
| Low | - | -4.3% | -17.4% | -20.6% |
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.