Ericsson stock: Morgan Stanley raises target for Ericsson stock to SEK 95.00

Published on 10/21/2026 at 17:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The target rose to SEK 95.00 on October 19, 2026. Ericsson stock costs EUR 9.30 on October 21, 2026 at 5:03 p.m. CEST.

Analyst target and reporting figures

Morgan Stanley raised its Ericsson target from SEK 90.00 to SEK 95.00 on October 19, 2026.
Ericsson reported third-quarter 2026 sales of SEK 59.50 billion and 7.00 percent organic growth.
Ericsson stock costs EUR 9.30 at Lang & Schwarz on October 21, 2026 at 5:03 p.m. CEST.

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Ericsson stock (ISIN SE0000108656) is trading at EUR 9.30 at Lang & Schwarz on October 21, 2026 at 5:03 p.m. CEST. Morgan Stanley raised its target for Ericsson from SEK 90.00 to SEK 95.00 on October 19, 2026, while reiterating an underweight rating, according to MarketScreener.

Target remains below Stockholm close

The revised target is still below Ericsson's Nasdaq Stockholm close of SEK 104.85 on October 20, 2026. The gap between that close and the new target was 9.39 percent, leaving the analyst view below the most recent Swedish market level.

On October 16, 2026, SEB had raised its target from SEK 120.00 to SEK 127.00 and reiterated a buy rating, according to the same MarketScreener report. The two target changes point to a divided analyst picture, with Morgan Stanley retaining a cautious stance while SEB remained positive.

Third-quarter sales reached SEK 59.50 billion

Ericsson reported third-quarter 2026 sales of SEK 59.50 billion, up from SEK 56.20 billion a year earlier. Organic sales increased 7.00 percent, led mainly by the Networks business, according to the company's October 15, 2026 release from Ericsson.

The earnings mix was weaker than the sales trend. Net income fell to SEK 5.80 billion from SEK 11.30 billion in the third quarter of 2025, while diluted earnings per share declined to SEK 1.77 from SEK 3.33. The prior-year earnings per share included a SEK 1.72 per share divestment gain, a comparison that limits the direct read-across from the reported decline.

Networks remains the main growth engine

Networks sales increased 9.00 percent year over year to SEK 38.70 billion in the third quarter of 2026. Adjusted gross margin was 47.70 percent, compared with 48.10 percent a year earlier, while adjusted EBITA margin was 17.00 percent versus 28.10 percent.

For investors, the key tension is visible in the contrast between organic growth and profitability. Ericsson also reported free cash flow before mergers and acquisitions of SEK 4.90 billion for the quarter, while the company said Networks adjusted gross margin for the fourth quarter should remain between 49.00 percent and 51.00 percent.

Stock trades at Lang & Schwarz

Ericsson was trading at EUR 9.30 at Lang & Schwarz on October 21, 2026 at 5:03 p.m. CEST. The company is listed on Nasdaq Stockholm under ticker ERCB and operates in communication equipment and telecommunications infrastructure.

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