JPMorgan cuts target for Ericsson stock to USD 10.20

Published on 10/09/2026 at 11:55 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue fell 6.00 percent to SEK 52.70 billion year over year. Ericsson stock costs EUR 8.49 on October 9, 2026 after EUR 8.53, minus 0.47 percent.

Key points in brief

JPMorgan lowered its Ericsson price target from USD 11.40 to USD 10.20 on October 8, 2026, while keeping a neutral rating.
Ericsson's second-quarter 2026 revenue fell 6.00 percent year over year to SEK 52.70 billion.
The Lang & Schwarz quote was EUR 8.49 on October 9, 2026, minus 0.47 percent versus the EUR 8.53 prior close.
Ericsson repurchased 9.37 million Class B shares between September 28 and October 2, 2026, for SEK 872.23 million.
Third-quarter 2026 results are scheduled for October 15, 2026, before the market opens.

Schwarzweiß-Dokumentarfoto von Arbeitern an einer Stahlwalzanlage — Schwarzweiße Reportage-Aufnahme dokumentiert SSAB AB, ISIN SE0000108656, mit Arbeitern an schwerer industrieller Stahlwalzanlage, Illustration mit AI erstellt.

Ericsson (ISIN SE0000108656) was quoted at EUR 8.49 at Lang & Schwarz on October 9, 2026 at 11:47 a.m. CEST, down 0.47 percent from the EUR 8.53 prior close. JPMorgan lowered its Ericsson price target from USD 11.40 to USD 10.20 on October 8, 2026, while maintaining a neutral rating, according to MarketBeat.

Three dated signals for Ericsson

On July 14, 2026, Ericsson reported second-quarter revenue of SEK 52.70 billion, down 6.00 percent from SEK 56.10 billion a year earlier. The same quarter produced adjusted gross margin of 48.40 percent and diluted earnings per share of SEK 1.22, according to Drillr.

Between September 28 and October 2, 2026, Ericsson repurchased 9.37 million Class B shares for SEK 872.23 million, at a weighted average price of SEK 93.0880 per share. The purchases formed part of a buyback program worth up to SEK 15.00 billion and were executed on Nasdaq Stockholm, according to Nasdaq.

On October 8, 2026, JPMorgan cut its target from USD 11.40 to USD 10.20 while keeping neutral. The lower target contrasts with the planned repurchases and leaves the October 15 results as the next major test of Ericsson's revenue and margin trajectory.

What will the October 15 report test?

Ericsson's second-quarter revenue decline is the clearest counterweight to the buyback. Revenue of SEK 52.70 billion was 6.00 percent below the prior-year SEK 56.10 billion, while the adjusted gross margin improved to 48.40 percent from 48.00 percent.

The combination points to a business where profitability held up better than sales. For investors, the October 15 report will show whether that margin resilience continued into the third quarter and whether the revenue comparison improves.

Dates and market perspective

Ericsson's investor-relations page states that the third-quarter 2026 report will be published at approximately 7:00 a.m. CEST on October 15, 2026. The buyback program is scheduled to run through March 31, 2027, at the latest, while the company intends to propose cancellation of repurchased shares at the 2027 annual meeting.

The Lang & Schwarz quote was EUR 8.49 on October 9, 2026 at 11:47 a.m. CEST, minus 0.47 percent versus the EUR 8.53 prior close. Ericsson's primary listing is Nasdaq Stockholm, where the Class B share is quoted in SEK; the euro quote is the German-market reference for this article.

Stock reaction stays measured

Ericsson stock was trading at EUR 8.49 at Lang & Schwarz on October 9, 2026 at 11:47 a.m. CEST, down 0.47 percent versus the EUR 8.53 prior close. The modest daily move leaves the analyst target cut and the upcoming results as the more important near-term reference points. The further course of trading is shown by the continuously updated real-time quote of Ericsson stock.