Shares of Telefonaktiebolaget LM Ericsson ERIC have lost 23.5 percent of value since the beginning of the year. However, it seems like the stock is ripe for a rebound – or so does the Vetr crowd seem to believe.
On Friday, the Vetr community decided to upgrade its rating on shares of Ericsson, from 4.0 Stars (Buy) to 4.5 Stars (Strong Buy) - out of a possible 5.0 Stars rating.
Related Link: Here's How Crowdsourced Ratings Can Beat The Market
The rating better reflects the crowd’s average price target of $8.33, which implies an upside potential of almost 13 percent.
It should be noted that, in accordance with the new rating, 80 percent of the crowd’s ratings are bullish.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
