Craig-Hallum raised the firm’s price target on Nokia (NOK) to $7 from $6 and keeps a Buy rating on the shares. Looking into 2025 and beyond, the firm believes that Nokia is well positioned to make a transition of its story from a low growth telecom equipment supplier to a datacenter beneficiary. Further, Craig-Hallum thinks the company’s datacenter opportunity will be further accelerated following the completion of the acquisition of Infinera in the first half of 2025.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on NOK:
- Nokia completes sale of Alcatel Submarine Networks
- Nokia awarded $45M grant from NTIA Public Wireless Supply Chain Innovation Fund
- Nokia upgraded to Buy from Hold at DNB Markets
- Zscaler announces Nokia is deploying Zscaler Zero Trust Exchange platform
- Nokia partners with Ishan on broadband services in Gujarat, Maharashtra
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
