Analyst Price Target is $59.95
▲ +1,055.11% Upside Potential
This price target is based on 15 analysts offering 12 month price targets for Telefonaktiebolaget LM Ericsson (publ) in the last 3 months. The average price target is $59.95, with a high forecast of $113.00 and a low forecast of $7.50. The average price target represents a 1,055.11% upside from the last price of $5.19.
Current Consensus is
The current consensus among 15 polled investment analysts is to hold stock in Telefonaktiebolaget LM Ericsson (publ). This Hold consensus rating has held steady for over two years.
Telefonaktiebolaget LM Ericsson engages in the provision of telecommunications equipment and related services to mobile and fixed network operators. It operates through the following segments: Networks, Digital Services, Managed Services, and Emerging Business and Other. The Networks segment supports all radio-access technologies and offers hardware, software and related services for both radio access and transport. The Digital Services segment provides software and services in the areas of digital business support systems, operational support systems, cloud communication, cloud core, and cloud infrastructure. The Managed Services segment includes networks and information technology managed services, network design and optimization, and application development and maintenance. The Emerging Business and Other segment encompasses emerging business, Iconectiv, Red Bee Media, and Media Solutions. The company was founded by Lars Magnus Ericsson in 1876 and is headquartered in Kista, Sweden.