$5.24
-0.04[-0.76%]
At close: Apr 25
$5.24
0[0.00%]
After Hours: 4:00PM EDT
Telefonaktiebolaget L M
(NASDAQ:ERIC)Telefonaktiebolaget L M Stock (NASDAQ:ERIC), Analyst Ratings, Price Targets, Predictions
Telefonaktiebolaget L M Ericsson has a consensus price target of $1.87, established from looking at the 19 latest analyst ratings. The last 3 analyst ratings were released from JP Morgan, JP Morgan, and JP Morgan on April 17, 2024, November 30, 2023, and October 18, 2023. With an average price target of $4.45 between JP Morgan, JP Morgan, and JP Morgan, there's an implied -15.01% downside for Telefonaktiebolaget L M Ericsson from these 3 analyst ratings.
Analyst Firms Making Recommendations1
JP Morgan
TD Cowen
Raymond James
Cowen & Co.
Exane BNP Paribas
1calculated from analyst ratings published within the last 3 years
Analyst Ratings for Telefonaktiebolaget L M
date | ticker | Buy Now | Company | Current price | Upside/Downside | Analyst Firm | Analyst & % Accurate | Price Target Change | Rating Change | Previous / Current Rating | Get Alert |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 04/17/2024 | ERIC | Buy Now | Telefonaktiebolaget L M | $5.24 | 6.49% | JP Morgan | Sandeep Deshpande | $5.81 → $5.58 | Maintains | Neutral | Get Alert |
| 11/30/2023 | ERIC | Buy Now | Telefonaktiebolaget L M | $5.24 | — | JP Morgan | Sandeep Deshpande | — | Downgrade | Overweight → Neutral | Get Alert |
| 10/18/2023 | ERIC | Buy Now | Telefonaktiebolaget L M | $5.24 | 48.47% | JP Morgan | Sandeep Deshpande | $8.3 → $7.78 | Maintains | Overweight | Get Alert |
| 04/19/2023 | ERIC | Buy Now | Telefonaktiebolaget L M | $5.24 | 33.59% | TD Cowen | Paul Silverstein | $8 → $7 | Maintains | Outperform | Get Alert |
| 02/07/2023 | ERIC | Buy Now | Telefonaktiebolaget L M | $5.24 | — | Raymond James | Simon Leopold | — | Downgrade | Outperform → Market Perform | Get Alert |
| 01/23/2023 | ERIC | Buy Now | Telefonaktiebolaget L M | $5.24 | 52.67% | Cowen & Co. | Paul Silverstein | $10 → $8 | Maintains | Outperform | Get Alert |
| 01/17/2023 | ERIC | Buy Now | Telefonaktiebolaget L M | $5.24 | 90.84% | Cowen & Co. | Paul Silverstein | $8 → $10 | Maintains | Outperform | Get Alert |
| 01/10/2023 | ERIC | Buy Now | Telefonaktiebolaget L M | $5.24 | — | Exane BNP Paribas | Stefan Slowinski | — | Downgrade | Outperform → Neutral | Get Alert |
| 12/12/2022 | ERIC | Buy Now | Telefonaktiebolaget L M | $5.24 | 100.38% | Raymond James | Simon Leopold | $9 → $10.5 | Maintains | Outperform | Get Alert |
| 10/21/2022 | ERIC | Buy Now | Telefonaktiebolaget L M | $5.24 | 52.67% | Cowen & Co. | Paul Silverstein | $11 → $8 | Maintains | Outperform | Get Alert |
| 10/21/2022 | ERIC | Buy Now | Telefonaktiebolaget L M | $5.24 | 71.76% | Raymond James | Simon Leopold | $12 → $9 | Maintains | Outperform | Get Alert |
| 10/13/2022 | ERIC | Buy Now | Telefonaktiebolaget L M | $5.24 | — | Barclays | Simon Coles | — | Initiates | → Overweight | Get Alert |
| 09/26/2022 | ERIC | Buy Now | Telefonaktiebolaget L M | $5.24 | — | Redburn Partners | Joseph Zhou | — | Initiates | → Neutral | Get Alert |
| 07/15/2022 | ERIC | Buy Now | Telefonaktiebolaget L M | $5.24 | 129.01% | Raymond James | Simon Leopold | $14 → $12 | Maintains | Outperform | Get Alert |
| 03/17/2022 | ERIC | Buy Now | Telefonaktiebolaget L M | $5.24 | — | Jefferies | Janardan Menon | — | Initiates | → Hold | Get Alert |
| 02/28/2022 | ERIC | Buy Now | Telefonaktiebolaget L M | $5.24 | — | Citigroup | Andrew Gardiner | — | Downgrade | Buy → Neutral | Get Alert |
| 10/20/2021 | ERIC | Buy Now | Telefonaktiebolaget L M | $5.24 | 167.18% | Raymond James | Simon Leopold | — | Maintains | Outperform | Get Alert |
| 07/21/2021 | ERIC | Buy Now | Telefonaktiebolaget L M | $5.24 | — | Arete Research | — | — | Upgrade | Sell → Neutral | Get Alert |
| 07/19/2021 | ERIC | Buy Now | Telefonaktiebolaget L M | $5.24 | — | Argus Research | Jim Kelleher | — | Downgrade | Buy → Hold | Get Alert |
FAQ
What is the target price for Telefonaktiebolaget L M (ERIC)?
The latest price target for Telefonaktiebolaget L M (NASDAQ: ERIC) was reported by JP Morgan on April 17, 2024. The analyst firm set a price target for $5.58 expecting ERIC to rise to within 12 months (a possible 6.49% upside). 3 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for Telefonaktiebolaget L M (ERIC)?
The latest analyst rating for Telefonaktiebolaget L M (NASDAQ: ERIC) was provided by JP Morgan, and Telefonaktiebolaget L M maintained their neutral rating.
When was the last upgrade for Telefonaktiebolaget L M (ERIC)?
The last upgrade for Telefonaktiebolaget L M Ericsson happened on July 21, 2021 when Arete Research raised their price target to N/A. Arete Research previously had a sell for Telefonaktiebolaget L M Ericsson.
When was the last downgrade for Telefonaktiebolaget L M (ERIC)?
The last downgrade for Telefonaktiebolaget L M Ericsson happened on November 30, 2023 when JP Morgan changed their price target from N/A to N/A for Telefonaktiebolaget L M Ericsson.
When is the next analyst rating going to be posted or updated for Telefonaktiebolaget L M (ERIC)?
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Telefonaktiebolaget L M, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Telefonaktiebolaget L M was filed on April 17, 2024 so you should expect the next rating to be made available sometime around April 17, 2025.
Is the Analyst Rating Telefonaktiebolaget L M (ERIC) correct?
While ratings are subjective and will change, the latest Telefonaktiebolaget L M (ERIC) rating was a maintained with a price target of $5.81 to $5.58. The current price Telefonaktiebolaget L M (ERIC) is trading at is $5.24, which is out of the analyst’s predicted range.
Browse analyst ratings and price targets on all stocks.