Nokia (NOK, Financial) has been chosen by Memphis Light, Gas and Water (MLGW) to implement a state-of-the-art private 5G wireless network. This initiative is a crucial part of MLGW's extensive, long-term effort to modernize the grid throughout Memphis and Shelby County, Tennessee. The advanced network aims to improve power distribution services for customers, minimizing the impact of unexpected outages and enhancing the utility's ability to restore service more effectively.
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 13.42% from the current price of $4.98. 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 $4.73, suggesting a downside of 5.02% from the current price of $4.98. 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.
