Telecom equipment play Ericsson (ERIC) has been a solid performer over the past year. Last March, when markets tanked due to the outbreak of COVID-19, shares recovered in just a few months. As the 5G rollout helped to boost demand, the stock continued to climb. Now, after the stock soared from around $8 per share last April to around $13 per share today, can investors expect even higher prices ahead? Nothing is set in stone, but a price rise is definitely attainable. Ericsson continues to leave European rival Nokia (NOK) in the dust when it comes to 5G contract wins.
https://www.tipranks.com/news/article/5g-catalyst-still-in-play-for-ericsson-stock
Ericsson (NASDAQ:ERIC)
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Ericsson (NASDAQ:ERIC)
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