Key Highlights:
- Nokia partners with Leonardo to enhance global private wireless network capabilities.
- Analysts predict a moderate increase in Nokia's stock price over the next year.
- Current brokerage consensus leans towards a "Hold" recommendation for Nokia shares.
Nokia's Strategic Collaboration with Leonardo
Nokia (NOK, Financial) has strategically aligned with Leonardo to deliver essential private wireless networks on a global scale. By merging Leonardo's Mission Critical Services with Nokia's Core Enterprise Solutions, the partnership aims to elevate communication and emergency response systems, particularly benefiting sectors such as public safety, utilities, and railways.
Wall Street Analysts' Forecast
According to projections from six analysts over the next year, Nokia Oyj (NOK, Financial) is expected to reach an average price target of $5.65. Estimates vary, with a high of $7.00 and a low of $3.80. This projection suggests a potential upside of 4.02% from the current trading price of $5.43. For more in-depth analysis, visit the Nokia Oyj (NOK) Forecast page.
Currently, the consensus from nine brokerage firms positions Nokia Oyj's (NOK, Financial) average recommendation at 2.7, which indicates a "Hold" status. Their ratings utilize a scale from 1, representing a Strong Buy, to 5, indicating a Sell.
Evaluating Nokia's GF Value
Based on GuruFocus' proprietary metrics, the estimated GF Value for Nokia Oyj (NOK, Financial) over the next year is calculated at $4.69. This represents a potential downside of 13.63% from the current market value of $5.43. The GF Value is determined by analyzing the historical trading multiples of the stock, past business growth, and future performance forecasts. Investors can access more detailed information on the Nokia Oyj (NOK) Summary page.
