Why Nokia Shares Are Rising Today

Raymond James upgraded Nokia Oyj NOK, citing "improving competitive position" and rebuilding confidence in management.
Analyst Simon Leopold upgraded Nokia to Outperform from Market Perform and a $6.50 price target. The price target implies an upside of 35%.
Also Read: Nokia Q4 Sales Miss Consensus As Mobile Networks Decline 16%; Plans Dividend, Share Buyback
Nokia has seen an inflection in its business with the recent Buyback back and the "likely" reintroduction of a dividend.
"We envision strength in the Fixed Access and Routing segments and potential optionality in Optical and Mobility," Leopold added.
Price Action: NOK shares traded higher by 5.61% at $5.08 in the market session on the last check Monday.

Momentum91.14

Growth84.14

Quality-

Value76.35

Short

Medium

Long

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