Nokia Stock (NOK): $7.50 Price Target From Morgan Stanley

By Amit Chowdhry ● Dec 20, 2021
  • The shares of Nokia Oyj (NYSE: NOK) have received a $7.50 price target from Morgan Stanley. These are the details.

The shares of Nokia Oyj (NYSE: NOK) have received a $7.50 price target from Morgan Stanley. And Morgan Stanley analyst Dominik Olszewski initiated coverage of Nokia with an “Overweight” rating

Olszewski noted that as global 5G deployment ramps up faster than anticipated, the company is working through its product cost-competitiveness challenges. And Olszewski said that the company is on the route to recovery through to 2023 with upside versus its 10%-13% margin target.

Plus Olszewski said that Nokia’s operational improvement is coming faster than anticipated and that the stock offers a positive risk/reward.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.