Ericsson stock: Goldman Sachs keeps SEK 87.00 target and Sell rating for Ericsson stock

Published on 10/23/2026 at 16:14 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Ericsson's SEK 59.5 billion sales rose 6.00 percent in third quarter. Ericsson stock costs EUR 9.44 on October 23, 2026 at 4:04 p.m. CEST.

Goldman Sachs keeps its target

Goldman Sachs maintained a Sell rating and set an SEK 87.00 target on October 21, 2026.
Ericsson reported third-quarter 2026 sales of SEK 59.5 billion, up 6.00 percent year over year.
Ericsson stock traded at EUR 9.44 at Lang & Schwarz on October 23, 2026 at 4:04 p.m. CEST.

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Goldman Sachs maintained its Sell rating on Ericsson and set a price target of SEK 87.00 on October 21, 2026. According to Markets Insider, analyst Alexander Duval kept the rating unchanged. Ericsson stock was trading at EUR 9.44 at Lang & Schwarz on October 23, 2026 at 4:04 p.m. CEST.

Third-quarter sales rose 6.00 percent

Ericsson reported third-quarter 2026 sales of SEK 59.5 billion, compared with SEK 56.2 billion a year earlier. Organic sales increased 7.00 percent, while adjusted gross income rose 5.00 percent to SEK 28.4 billion. The company published the figures on October 15, 2026 in its Ericsson report.

Profitability remains the pressure point

Adjusted EBITA fell 36.00 percent year over year to SEK 10.1 billion, and the adjusted EBITA margin declined to 17.00 percent from 28.10 percent. Ericsson said adjusted measures exclude restructuring charges. The comparison also reflects a capital gain in the prior-year period, which affected the year-on-year result.

Targets sit below the Stockholm quote

The latest Stockholm market figure cited in the October 19 analyst coverage was SEK 101.85. Goldman Sachs's SEK 87.00 target therefore stood 14.59 percent below that level on October 21, 2026. Other recent research was also mixed: Morgan Stanley raised its target to SEK 95.00 from SEK 90.00 on October 19 while retaining an Underweight view, according to MarketScreener.

On Nasdaq, Ericsson's ADR traded at USD 10.58 on October 23, 2026 at 10:13 a.m. ET. The ADR's 52-week range was USD 9.04 to USD 13.77, while its market capitalization was USD 35.1 billion on the same date.

Sales growth meets margin pressure

The third-quarter figures give investors two opposing signals. Networks drove the reported sales increase, but adjusted EBITA and its margin were lower than a year earlier. Goldman Sachs's target keeps the valuation discussion cautious, while the current Stockholm figure remains above the bank's stated level.

Ericsson stock stays in view

The company entered the October 15 report with stronger sales momentum in Networks, but the adjusted margin remains the central measure for the next results discussion. The most recent company report also showed adjusted gross income at SEK 28.4 billion and adjusted EBITA at SEK 10.1 billion.

The further course of trading is shown by the continuously updated real-time quote of Ericsson stock.