Stock Price & Analysis

Based on the provided data and current market conditions, here's a concise analysis for Nokia (NOK):

Technical Analysis

The stock is currently trading at $4.51, showing mixed technical signals with an RSI of 52.02 , indicating neutral momentum. The stock is trading around its 20-day moving average of $4.49, suggesting a consolidation phase.

Recent Developments & Analyst Views Recent analyst actions have been positive:

• Craig-Hallum maintained Strong Buy with increased PT from $6 to $7 (Jan 6, 2025)
• JP Morgan upgraded from Hold to Buy with PT raised to $6.35 (Dec 9, 2024)

Key Catalysts According to recent analysis, Nokia is:

• Pivoting from low-growth telecom equipment to datacenter opportunities
• Expected to benefit from Infinera acquisition completion in H1 2025
• Focusing on data center and defense sectors for growth

Challenges Some headwinds include:

• Market share losses in North America after losing AT&T and Verizon contracts
• Ongoing cost-cutting measures with around 2,000 employee reductions
• Limited growth in traditional telecom market

Fibonacci Levels Current key levels:

• Resistance: $4.65 (R1), $4.72 (R2)
• Support: $4.44 (S1), $4.37 (S2)

Based on the current price action and positive analyst sentiment, NOK appears to be in a position for potential upside. The stock is showing signs of stabilization after recent restructuring efforts, and the pivot to datacenter opportunities could provide new growth catalysts.

Based on the provided data and recent market analysis, here's the price prediction for Nokia (NOK) stock in 2025:

Nokia's stock price is expected to reach $5.86 by end of 2025, representing a potential upside of approximately 30% from the current price of $4.51. This projection is supported by several key factors:

Key Growth Drivers:

1. Recovery in telco spending expected in 2025 due to end of US telco inventory correction and next wave of 5G spending in India

2. Enterprise market growth potential, particularly with expanded Microsoft Cloud relationship

3. Strong industrial confidence in Nordic region, with sentiment index rising to 5.5 in Q4 2024 from 1.8 in Q3 2024

Technical Analysis: Current RSI of 52.02 indicates neutral momentum, while MACD at 0.03 suggests slight bullish bias. The stock is trading around its 20-day moving average of $4.49, indicating a period of consolidation.

The price target is based on J.P. Morgan's analysis which recently upgraded Nokia to "overweight" with a price target of $6.35, citing potential benefits from increased 5G spending and enterprise market growth.

The S1 support level for NOK Stock is $4.44 ,The R1 resistant level for NOK Stock is $4.66.

As of the end of day on 2025-01-24, the price of NOK Stock was $4.53.

The target price for NOK Stock according to analyst rating is 6.62, with the highest price target at 7.00 and the lowest at 6.35. Analysts have a Strong Buy rating on NOK Stock overall.

The market cap of NOK is $24.6B.

Based on the provided data, I'll analyze if NOK is overvalued in 5 concise sentences.

Nokia's current P/E ratio of 24.6x is relatively high compared to its historical average, suggesting some overvaluation from an earnings perspective. The company's EV/EBITDA of 5.1x and P/S ratio of 1.13x are actually quite reasonable, indicating the company may be fairly valued on these metrics. Recent analyst actions show optimism, with Craig-Hallum raising their price target to $7 citing Nokia's potential transition from a low-growth telecom equipment supplier to a datacenter beneficiary. However, Nokia faces significant challenges in its core mobile networks business, having lost market share to competitors like Ericsson during the 5G rollout. Given the mixed valuation metrics and business challenges but potential datacenter opportunities ahead, Nokia appears slightly overvalued at current levels but not extremely so.

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.

Based on recent market data and analyst reports, here's a projection for Nokia (NOK) stock price in 2030:

Nokia's stock is projected to reach $8.50-9.50 by 2030, driven by the company's strong position in 5G infrastructure, enterprise market growth, and expanding patent portfolio. The growth potential is supported by J.P. Morgan's bullish outlook on Nokia's enterprise partnerships and cost-saving initiatives targeting €800 million to €1.2 billion by 2026. However, market share challenges and intense competition in the telecom equipment sector could limit the upside potential.

NOK has a total of 86700 employees.