Nokia (NOK, Financial) and Blackned, partly owned by Rheinmetall, have signed a memorandum of understanding aimed at developing cutting-edge tactical networks for the defense industry. This new alliance will merge Nokia's 5G technology with Blackned's defense digitalization expertise to craft next-generation communication solutions. These systems aim to ensure secure and reliable connectivity for military operations. The partnership involves integrating the two companies' technology portfolios to create systems suited for German defense requirements, with potential applications in other countries. Combining Nokia's 5G technology with Blackned's software-based defense solutions is expected to produce a cohesive platform, enhancing the capabilities of the Rheinmetall Battlesuite.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 6 analysts, the average target price for Nokia Oyj (NOK, Financial) is $5.65 with a high estimate of $7.00 and a low estimate of $3.80. The average target implies an upside of 4.41% from the current price of $5.41. More detailed estimate data can be found on the Nokia Oyj (NOK) Forecast page.
Based on the consensus recommendation from 9 brokerage firms, Nokia Oyj's (NOK, Financial) average brokerage recommendation is currently 2.7, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Nokia Oyj (NOK, Financial) in one year is $4.63, suggesting a downside of 14.42% from the current price of $5.41. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Nokia Oyj (NOK) Summary page.
