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$7.37 (-0.81%)

Volume: 6.037M

Closed: Jul 05, 2022

Hollow Logo Score: -2.525

Ericsson Stock Forecast

BUY SELL NASDAQ:ERIC
$7.37 (-0.81%)

Volume: 6.037M

Closed: Jul 05, 2022

Score Hollow Logo -2.525

ERIC Price Targets and Analyst Ratings NASDAQ:ERIC

Historical Ratings and Targets

Date Upside / Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating
2022-03-17 - Jefferies - Initiates Coverage On Hold
2022-02-28 - Citigroup - Downgrades Buy Neutral
2021-10-20 89.96% Raymond James $14.50 $14.00 Maintains Outperform
2021-07-21 - Arete Research - Upgrades Sell Neutral
2021-07-19 - Argus Research - Downgrades Buy Hold
2020-09-21 62.82% Raymond James $12.50 $12.00 Maintains Outperform
2020-07-20 76.39% B of A Securities $10.50 $13.00 Maintains Buy
2020-06-22 35.69% Raymond James $9.00 $10.00 Maintains Outperform
2020-03-27 22.12% Raymond James $9.00 Upgrades Market Perform Outperform
2019-09-20 - DZ Bank - Upgrades Hold Buy
2019-07-29 - Goldman Sachs - Reiterates Buy
2019-05-24 - Credit Suisse - Upgrades Neutral Outperform
2019-05-22 - B of A Securities - Upgrades Neutral Buy

ERIC Stock Trend

The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled.

Given the current short-term trend, the stock is expected to fall -15.03% during the next 3 months and, with a 90% probability hold a price between $5.98 and $7.01 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

Data

Date Bottom Mid Top
2022-07-07 $7.01 $7.62 $8.23
2022-07-08 $6.98 $7.59 $8.20
2022-07-11 $6.96 $7.57 $8.18
2022-07-12 $6.94 $7.54 $8.15
2022-07-13 $6.91 $7.52 $8.13
2022-07-14 $6.89 $7.49 $8.10
2022-07-15 $6.86 $7.47 $8.08
2022-07-18 $6.84 $7.45 $8.05
2022-07-19 $6.81 $7.42 $8.03
2022-07-20 $6.79 $7.40 $8.01
2022-07-21 $6.76 $7.37 $7.98
2022-07-22 $6.74 $7.35 $7.96
2022-07-25 $6.72 $7.32 $7.93
2022-07-26 $6.69 $7.30 $7.91
2022-07-27 $6.67 $7.28 $7.88
2022-07-28 $6.64 $7.25 $7.86
2022-07-29 $6.62 $7.23 $7.84
2022-08-01 $6.59 $7.20 $7.81
2022-08-02 $6.57 $7.18 $7.79
2022-08-03 $6.55 $7.15 $7.76
2022-08-04 $6.52 $7.13 $7.74
2022-08-05 $6.50 $7.11 $7.71
2022-08-08 $6.47 $7.08 $7.69
2022-08-09 $6.45 $7.06 $7.67
2022-08-10 $6.42 $7.03 $7.64
2022-08-11 $6.40 $7.01 $7.62
2022-08-12 $6.38 $6.98 $7.59
2022-08-15 $6.35 $6.96 $7.57
2022-08-16 $6.33 $6.94 $7.54
2022-08-17 $6.30 $6.91 $7.52

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About Ericsson

Ericsson Telefonaktiebolaget LM Ericsson (publ) provides network equipment and software, and services for network and business operations worldwide. Its Networks segment delivers products and solutions for mobile access, Internet protocol (IP) and transmission networks, core networks, and cloud. This segment offers radio access solutions; IP routing and transport solutions; microwave and optical transmission solutions for mobile and fixed networks; IP mul... Read more

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