JPMorgan cuts target for Ericsson stock to USD 10.20

Published on 10/13/2026 at 13:57 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Ericsson is forecast to post SEK 7,935 million adjusted EBITA on October 15, 2026. Ericsson stock costs EUR 8.40 on October 13, 2026 at 1:48 p.m. CEST.

JPMorgan lowered its Ericsson target from USD 11.40 to USD 10.20 on October 8, 2026.
Marketscreener cites a SEK 7,935 million adjusted EBITA forecast for October 15, 2026.
Ericsson stock was EUR 8.40 at Lang & Schwarz on October 13, 2026 at 1:48 p.m. CEST.
Ericsson traded at SEK 93.70 on Nasdaq Stockholm, with a SEK 307.7 billion market capitalization and a P/E ratio of 12.70.

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JPMorgan lowered its Ericsson stock target from USD 11.40 to USD 10.20 on October 8, 2026, while keeping a neutral rating, according to MarketBeat. The revision gives investors a defined benchmark ahead of Ericsson's next earnings release.

JPMorgan lowers the target

The change moves the bank's target below its earlier USD 11.40 level and leaves the rating at neutral. MarketBeat also listed a consensus target of USD 9.60 from nine analysts, with two Buy ratings, five Hold ratings and two Sell ratings on October 8, 2026.

Third-quarter estimates point lower

Marketscreener reported on October 13, 2026 that Bloomberg's consensus from 13 analysts calls for adjusted EBITA of SEK 7,935 million in the third quarter of 2026, compared with SEK 15,819 million in the third quarter of 2025. The same forecast puts sales at SEK 55,386 million, versus SEK 56,239 million a year earlier.

That estimate sets a demanding comparison for the October report. Ericsson's investor-relations page schedules publication for 7:00 a.m. CEST on October 15, 2026, followed by a 9:00 a.m. CEST conference call, according to Ericsson.

Q2 margin improved despite lower sales

In the second quarter of 2026, net sales were SEK 52.7 billion, down 6.00 percent from the year-earlier period, while adjusted gross margin rose to 48.40 percent from 48.00 percent, according to Quartr. Adjusted EBITA was SEK 6.9 billion, equal to a 13.10 percent margin, and diluted earnings per share came to SEK 1.22.

Ericsson valuation and price

On Nasdaq Stockholm, Ericsson B was last at SEK 93.70 on October 13, 2026 at 1:55 p.m. CEST. Its 52-week range was SEK 84.56 to SEK 128.45, while market capitalization stood at SEK 307.7 billion and the P/E ratio was 12.70.

For German-market investors, the Lang & Schwarz quote stood at EUR 8.40 on October 13, 2026 at 1:48 p.m. CEST. The euro quotation provides the intraday reference for this report, while the Swedish listing supplies the home-market valuation context.

What October 15 will test

The central comparison is profitability rather than sales alone. A 48.40 percent adjusted gross margin in the second quarter of 2026 provides a higher starting point than the 48.00 percent recorded a year earlier, but the consensus adjusted EBITA forecast is less than half the prior-year third-quarter result.

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