Nokia reaches 20-day high amid sector rotation
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 07 Jan 26
Source: SeekingAlpha
Nokia Oyj's stock price increased by 4.33%, reaching a 20-day high. This movement occurs as the Nasdaq-100 is up 0.07% and the S&P 500 is up 0.04%.
The rise in Nokia's stock price is attributed to sector rotation, as investors shift their focus towards technology stocks despite the overall market's modest gains. The stock's performance indicates a positive sentiment towards Nokia's recent developments in the tech sector.
This upward movement may signal renewed investor confidence in Nokia, potentially leading to further interest in the company's future projects and innovations.
Analyst Views on NOK
Wall Street analysts forecast NOK stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NOK is 7.36 USD with a low forecast of 6.50 USD and a high forecast of 8.50 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
7 Analyst Rating
5 Buy
2 Hold
0 Sell
Moderate Buy
Current: 6.820
Low
6.50
Averages
7.36
High
8.50
Current: 6.820
Low
6.50
Averages
7.36
High
8.50
About NOK
Nokia Oyj is a Finland-based company engaged in the network and Internet protocol (IP) infrastructure, software, and related services market. The Company's businesses include Nokia Networks and Nokia Technologies. The Company's segments include Ultra Broadband Networks, IP Networks and Applications, and Nokia Technologies. The Ultra Broadband Networks segment comprises Mobile Networks and Fixed Networks operating segments. The IP Networks and Applications segment comprises IP/Optical Networks and Applications & Analytics operating segments. The Applications & Analytics operating segment offers software solutions spanning customer experience management, network operations and management, communications and collaboration, policy and charging, as well as Cloud, Internet of things (IoT), security, and analytics platforms that enable digital services providers and enterprises to accelerate and optimize their customer experience. The Company has Comptel Oyj among its subsidiaries.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
