Nokia's stock is expected to rise to $5.40 next week, driven by positive news and bullish technical indicators.
The price of NOK is predicted to go up -9.76%, based on the high correlation periods with ZTEK. The similarity of these two price pattern on the periods is 96.81%.
NOK
ZTEK
Year
NOK Price Forecast($)
Potential Return(%)
2025
6.350
40.490
2026
5.500
14.580
2027
6.500
35.420
2028
6.500
35.420
2029
6.500
35.420
2030
7.500
56.250
The capabilities of 5G will bring a new market of customers and a longer and more expansive cycle of network spending as enterprises deploy private networks and use Internet of Things functions.
Nokia is taking cyclicality out of its business by moving more into cloud services and as-a-service offerings that will keep greater revenue streams intact even when customers are not buying new products or upgrading networks.
Nokia's intellectual property portfolio will be even more valuable with 5G, as devices other than handsets will now need licenses for its technologies.
Craig-Hallum
2025-01-06
Price Target
$6 → $7
Upside
+53.51%
JP Morgan
2024-12-09
Price Target
$4.35 → $6.35
Upside
+44.32%