This is driven by a national strategic focus, intense competition between service providers, as well as increasingly affordable 5G smartphones from several vendors. The worldwide 5G market is forecast to explode in the next five years, growing from $5.53 billion in 2021 to $667.90 billion by 2026, according to Allied Market Research. The Ericsson 52-week high stock price is 12.61, which is 4.6% above the current share price. Case 2: Ericsson stock rises by 5% or more in a week. Ericsson's (ERIC) June 2019 Mobility Report projects 1.9 billion 5G subscriptions, up from 1.5 billion anticipated in the November 2018 report, marking a surge of almost 27%. Ericsson stock upgraded to Hold/Accumulate. Your current $100 investment may be up to $171.56 in 2026. ET, the man who recommended Google before anyone else will reveal his #1 stock pick for 2021 — for FREE — ticker symbol and all — in a special presentation. He spent five years as a staff reporter at The Wall Street Journal, and has also written for The Washington Post and Toronto Star newspapers, as well as financial websites such as The Motley Fool and Investopedia. 5 year Telefonaktiebolaget L M Ericsson - ADR Forecast: 54.495 * About the Telefonaktiebolaget LM Ericsson stock forecast As of 2021 January 08, Friday current price of ERIC stock is 11.970$ and our data indicates that the asset price has been stagnating for the past 1 year (or since its inception). FWA connections are forecast to grow more than threefold, reaching more than 180 million by the end of 2026 - accounting for a quarter of all mobile network data traffic, 3.5 billion 5G subscriptions forecast by the end of 2026 - estimated to account for more than 50 percent of mobile data traffic at that time, 2020: the ultimate stress test for FirstNet. Summary Ericsson's strong 3Q19 report suggests that the 5G upgrade cycle is going well and will likely produce accelerated growth in 2020. Find the latest Earnings Report Date for Ericsson American Depositary Shares ... Quarterly Earnings Forecast ... Year End: 1.00. And Ericsson is making strategic acquisitions to ensure that it can deliver on 5G and stay ahead of its competitors in the space. 1125 N. Charles St, Baltimore, MD 21201. Ericsson stock is listed on Nasdaq Stockholm and on Nasdaq New York. The pandemic has highlighted the impact connectivity has on our lives and has acted as a catalyst for rapid change, which is also clearly visible in this latest edition of the Ericsson Mobility Report. Separately, the company announced a five-year, multibillion-crowns deal with Telia to upgrade its 4G networks across Sweden and Estonia. Cradlepoint, which will become a subsidiary of Ericsson, specializes in routers. Ericsson (ERIC) Inks Five-Year 5G Deal With Ooredoo Group MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. 1125 N. Charles St, Baltimore, MD 21201. By the end of 2025, Ericsson forecasts 2.8 billion 5G subscriptions globally, which, according to its figures, will account for around 30% of all mobile subscriptions at that time. ERICSSON story: Ericsson Ooredoo Group and Ericsson sign five year strategic 5G agreement marketscreenercom and other headlines for ERICSSON OTC Stock Revenue Forecast for 5G Worldwide for next 5 years. With a 5-year investment, the revenue is expected to be around +55.08%. Copyright © The company is currently building 5G infrastructure in countries ranging from Spain to South Korea. The high price target on the stock is nearly $15 a share. If Ericsson … Ericsson ADR analyst estimates, including ERIC earnings per share estimates and analyst recommendations. Case 1: Ericsson stock drops by -5% or more in a week. All rights reserved. The all-time high Ericsson stock closing price was 262.02 on March 03, 2000. The company is lining up contracts all over the world to build the networks needed to successfully operate 5G. Ericsson has raised its year-end 2020 estimate for global 5G subscriptions to 220 million, as service providers continue to build out their networks. 24 of the Best 5G Stocks to Buy. Case 2: Ericsson stock rises by 5% or more in a week. With the COVID-19 pandemic accelerating digitalization as well as increasing the importance and need for fast and reliable home broadband connectivity, the number of service providers offering fixed wireless access (FWA) is on the rise. Next reporting date: January 29, 2021: EPS forecast (this quarter) $0.20: Annual revenue (last year) $24.0B: Annual profit (last year) $235.0M: Net profit margin www.ericsson.com, Modern Slavery Statement | Privacy | Legal | © Telefonaktiebolaget LM Ericsson 1994-2021, More than 1 billion people will have access to 5G coverage by the end of 2020, Redefine customer experience in real time, Download the November 2020 edition of the Ericsson Mobility Report, Ericsson’s publicly announced 5G contracts, PDF More than 1 billion people will have access to 5G coverage by the end of 2020, Pace of introducing new 5G functionality has increased in 2020 in both the network and device domains, despite uncertainties caused by the COVID-19 pandemic, 220 million global 5G subscriptions forecast by end of 2020, with China accounting for 175 million of those - or almost 80 percent, Fixed wireless access (FWA) is now offered by nearly two-thirds of service providers globally. 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