Analysts Offer Insights on Technology Companies: ServiceNow (NOW) and Telefonaktiebolaget LM Ericsson (ERIC)

Analysts fell to the sidelines weighing in on ServiceNow (NOW – Research Report) and Telefonaktiebolaget LM Ericsson (ERIC – Research Report) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

Telefonaktiebolaget LM Ericsson (ERIC)

In a report released yesterday, Jim Kelleher from Argus Research maintained a Hold rating on Telefonaktiebolaget LM Ericsson. The company’s shares closed last Wednesday at $7.94.

According to TipRanks.com, Kelleher is a top 25 analyst with an average return of 25.6% and a 63.9% success rate. Kelleher covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Skyworks Solutions, and Motorola Solutions.

The word on The Street in general, suggests a Hold analyst consensus rating for Telefonaktiebolaget LM Ericsson with a $8.03 average price target, a 0.6% upside from current levels. In a report released yesterday, Kepler Capital also upgraded the stock to Hold.

Read More on NOW:

• ServiceNow price target lowered to $881 from $960 at Morgan Stanley
• ServiceNow price target lowered to $1,100 from $1,300 at TD Cowen
• ServiceNow price target lowered to $980 from $1,100 at Mizuho
• Positive Outlook for ServiceNow: Buy Rating Despite Challenges
• ServiceNow price target lowered to $1,025 from $1,280 at BofA