Shares of Ericsson (ADR) ERIC have lost around 10 percent since the start of 2016 and more than 30 percent over the past year, which likely prompted Vetr top raters to recognize value in the stock at its deflated prices.
Vetr top raters upgraded Ericsson's stock rating to 4.5 stars out of a possible five-star rating. In fact, shares of Ericsson have risen to $8.54 since the prior rating of four stars was issued just two days ago.
Related link: Here's how crowdsourced ratings can beat the market.
In addition to an upgrade, 100 percent of the Crowd's ratings are bullish and the crowdsourced price target of $9.60 implies an upside of more than 11 percent.
© 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.
