Ericsson (NASDAQ:ERIC) on Wednesday announced a collaboration with Mastercard Incorporated (NYSE:MA) to enhance global money transfers by integrating Ericsson’s Fintech Platform with Mastercard Move.
The partnership enables telecom operators, banks, and fintechs to expand digital wallet services, streamline cross-border payments, and reach unbanked and underbanked communities.
Ericsson’s pre-integrated APIs, cloud-native infrastructure, and compliance-ready systems are designed to simplify connectivity, reduce operational complexity, and accelerate time-to-market.
Mastercard Move supports transfers across 200 countries and territories, connecting more than 17 billion endpoints in 150 currencies. Ericsson’s fintech platform operates in 22 countries, serving over 120 million active users and processing more than four billion transactions monthly.
The rollout will begin in the Middle East and Africa, where demand for mobile money and remittances remains strong.
Ericsson’s Stock Shows Strong Momentum
The broader market experienced mixed performance, with the S&P 500 closing flat and the Nasdaq slipping 0.30%. While the Technology sector faced slight declines, Ericsson’s stock moved higher, suggesting that company-specific factors may be influencing its positive trajectory.
Currently, the stock is trading 3.8% above its 20-day simple moving average (SMA) and 15.7% above its 100-day SMA, indicating strong short-term momentum. Over the past 12 months, shares have increased 41.34%, and they are currently positioned closer to their 52-week highs than lows.
The RSI is at 65.60, which is considered neutral territory, while MACD is below its signal line, indicating bearish pressure on the stock. The combination of neutral RSI and bearish MACD suggests mixed momentum, indicating that while the stock has shown strength, some caution may be warranted.
- Key Resistance: $11.00
- Key Support: $9.50
Ericsson’s Upcoming Earnings
Looking further out, the next major catalyst for the stock arrives with the April 14, 2026, earnings report.
- EPS Estimate: 12 cents (Up from 12 cents YoY)
- Revenue Estimate: $5.72 Billion (Up from $5.15 Billion YoY)
- Valuation: P/E of 11.7x (Indicates value opportunity)
Analyst Consensus & Recent Actions: The stock carries a Buy Rating with an average price target of $9.30. Recent analyst moves include:
- Morgan Stanley: Initiated with Equal-Weight (Target $11.00) (February 9)
Ericsson’s Strong Benzinga Edge Rankings
Below is the Benzinga Edge scorecard for Ericsson, highlighting its strengths and weaknesses compared to the broader market:
- Value Rank: 78.49 — The stock is considered a strong value relative to peers.
- Quality Rank: 94.49 — Indicates high-quality metrics, suggesting financial stability.
- Momentum Rank: 87.38 — The stock is outperforming the broader market.
The Verdict: Ericsson’s Benzinga Edge signal reveals a strong momentum setup, supported by high-quality metrics. While the value rank suggests the stock is trading at an attractive level, investors should remain aware of the mixed momentum signals as they navigate the current market landscape.
Ericsson’s Impact on Top ETFs
- WisdomTree GeoAlpha Opportunities Fund ETF (NYSE:GEOA): 2.35% Weight
- Siren NexGen Economy ETF (NASDAQ:BLCN): 3.90% Weight
- Abacus FCF International Leaders ETF (NASDAQ:ABLG): 2.94% Weight
Significance: Because ERIC carries significant weight in these funds, any significant inflows or outflows for these ETFs will likely force automatic buying or selling of the stock.
Price Action: Ericsson shares were up 0.18% at $11.20 during premarket trading on Wednesday. The stock is trading near its 52-week high of $11.38, according to Benzinga Pro data. Mastercard shares were up 0.01% at $522.00.
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