Based on the provided data and current market conditions, here is the analysis for ERIC's stock price prediction for next week:
Technical Analysis
The stock has shown significant weakness, dropping 14.2% last week after disappointing Q4 results. The stock closed at $7.64 on Friday, breaking below key support levels.
News Impact Analysis
Price Targets Based on technical indicators and recent fundamental developments:
Price Prediction for Next Week The stock is likely to remain under pressure and test lower support levels:
Key reasons:
The stock is expected to continue its downward trend in the near term as the market digests the disappointing earnings and potential tariff impacts. Traders should consider taking short positions with stops above $8.30.
The price of ERIC is predicted to go up -0.44%, based on the high correlation periods with MWA. The similarity of these two price pattern on the periods is 93.9%.
ERIC
MWA
Year
ERIC Price Forecast($)
Potential Return(%)
2025
9.500
16.850
2026
9.500
16.850
2027
10.500
29.150
2028
12.500
53.750
2029
12.500
53.750
2030
12.000
47.600
Early success and market share gains at the onset of 5G network rollouts will build on itself and lock Ericsson in as a preferred vendor for many wireless firms throughout the 5G cycle.
Capabilities of 5G will bring a new market of customers and a longer and more expansive cycle of 5G spending, as enterprises deploy private networks and use Internet of Things functions.
Ericsson is broadening its business outside of radio access network products and services. This should make its business less cyclical and give it operating leverage with as-a-service business models.
JP Morgan
Price Target
$5.9 → $6.7
Upside
-20.8%