10:00 AM EDT, 05/21/2026 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We upgrade our rating to Buy and raise our 12-month target price to USD16 (USD13), pegged to target 2027 EV/EBITDA of 8.6x (6.9x), which is one standard deviation above the five-year historical mean of 6.9x. The higher multiple reflects improving earnings visibility, gradual recovery in telecom spending, expanding exposure to AI-related network infrastructure demand, and expectations for stronger margin quality supported by a higher software and services contribution over time. We maintain 2026 revenue at SEK243B (+1.8% Y/Y) and 2027 at SEK249B (+2.6% Y/Y), reflecting a gradual recovery in telecom spending, continued 5G network investments, improving contribution from Cloud Software and Services, and steady growth in Enterprise. We also maintain 2026 EPADS at SEK8.99 (-0.4% Y/Y) and 2027 EPADS at SEK9.23 (+2.7% Y/Y), reflecting resilient margins supported by cost optimization initiatives, efficiency measures, and improving software and services mix.