Telefonaktiebolaget LM Ericsson (publ) (ERIC) Stock Forecast & Price Target

$7.22

-0.15 (-2.04%)

(As of 09/6/2024 ET)

Telefonaktiebolaget LM Ericsson (publ) - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Reduce
Based on 4 Analyst Ratings

Based on 4 Wall Street analysts who have issued ratings for Telefonaktiebolaget LM Ericsson (publ) in the last 12 months, the stock has a consensus rating of "Reduce." Out of the 4 analysts, 2 have given a sell rating, 1 has given a hold rating, and 1 has given a buy rating for ERIC.

Consensus Price Target

$5.90
-18.28% Downside

High Forecast	$5.90
Average Forecast	$5.90
Low Forecast	$5.90

According to the 4 analysts' twelve-month price targets for Telefonaktiebolaget LM Ericsson (publ), the average price target is $5.90. The highest price target for ERIC is $5.90, while the lowest price target for ERIC is $5.90. The average price target represents a forecasted downside of -18.28% from the current price of $7.22.

Type	Current Forecast 9/8/23 to 9/7/24	1 Month Ago 8/9/23 to 8/8/24	3 Months Ago 6/10/23 to 6/9/24	1 Year Ago 9/8/22 to 9/8/23
Consensus Rating	Reduce	Reduce	Reduce	Hold
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	1 Buy rating(s)	1 Buy rating(s)	1 Buy rating(s)	4 Buy rating(s)
Hold	1 Hold rating(s)	1 Hold rating(s)	2 Hold rating(s)	6 Hold rating(s)
Sell	2 Sell rating(s)	2 Sell rating(s)	2 Sell rating(s)	3 Sell rating(s)
Consensus Price Target	$5.90	$5.90	$5.58	$7.83
Forecasted Upside	-18.28% Downside	-10.06% Downside	13.18% Upside	41.18% Upside

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ERIC Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

ERIC Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Telefonaktiebolaget LM Ericsson (publ) Stock vs. The Competition

Type	Telefonaktiebolaget LM Ericsson (publ)	Computer and Technology Companies	S&P 500
Consensus Rating Score	1.75	2.64	2.51
Consensus Rating	Reduce	Moderate Buy	Moderate Buy
Predicted Upside	-18.28% Downside	202.33% Upside	11.36% Upside
News Sentiment Rating	Positive News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
7/15/2024	JPMorgan Chase & Co. 3 of 5 stars		Boost Target	Neutral ➝ Neutral	$5.58 ➝ $5.90	-10.06%
1/31/2024	UBS Group 4 of 5 stars		Downgrade	Neutral ➝ Sell
1/19/2024	Barclays 3 of 5 stars		Downgrade	Equal Weight ➝ Underweight
12/8/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy
7/18/2023	Societe Generale Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Sell ➝ Hold
3/30/2023	DNB Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy
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2/7/2023	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Market Perform
1/23/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Neutral ➝ Sell
1/23/2023	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	$10.00 ➝ $8.00	+40.84%
1/10/2023	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Neutral
11/9/2022	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating	Robert Sanders Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		SEK 80 ➝ SEK 70
11/8/2022	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Equal Weight
10/21/2022	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	$11.00 ➝ $8.00	+48.15%
10/21/2022	Oddo Bhf Subscribe to MarketBeat All Access for the recommendation accuracy rating	Martin Marandon-Carlhian Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Underperform	SEK 60
9/26/2022	Redburn Partners Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Neutral
9/15/2022	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Underperform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 09:45 PM ET.

ERIC Forecast - Frequently Asked Questions

What is Telefonaktiebolaget LM Ericsson (publ)'s forecast for 2024?: According to the research reports of 4 Wall Street equities research analysts, the average twelve-month stock price forecast for Telefonaktiebolaget LM Ericsson (publ) is $5.90, with a high forecast of $5.90 and a low forecast of $5.90.
Should I buy or sell Telefonaktiebolaget LM Ericsson (publ) stock right now?: 4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Telefonaktiebolaget LM Ericsson (publ) in the last year. There are currently 2 sell ratings, 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" ERIC shares.
Does Telefonaktiebolaget LM Ericsson (publ)'s stock price have much downside?: According to analysts, Telefonaktiebolaget LM Ericsson (publ)'s stock has a predicted downside of -10.06% based on their 12-month stock forecasts.
What analysts cover Telefonaktiebolaget LM Ericsson (publ)?: Telefonaktiebolaget LM Ericsson (publ) has been rated by research analysts at JPMorgan Chase & Co. in the past 90 days.
Do Wall Street analysts like Telefonaktiebolaget LM Ericsson (publ) more than its competitors?: Analysts like Telefonaktiebolaget LM Ericsson (publ) less than other "computer and technology" companies. The consensus rating for Telefonaktiebolaget LM Ericsson (publ) is Reduce while the average consensus rating for "computer and technology" companies is Moderate Buy. Learn more on how ERIC compares to other companies.