- The shares of Nokia Oyj (NYSE: NOK) have received a price target from $5 to $8 by Cowen. These are the details.
The shares of Nokia Oyj (NYSE: NOK) have received a price target from $5 to $8 by Cowen. And Cowen analyst Paul Silverstein upgraded Nokia from a “Market Perform” rating to “Outperform.”
Silverstein noted that the demand environment is continuing to be very favorable and Nokia has been improving its execution. Plus Silverstein believes that the company’s turnaround is considered solidly in progress.
Going forward, Silverstein raised his operating forecasts consistent with Nokia’s increased guidance. And Silverstein adds that he thinks that the company’s calendar 2021 and 2023 operating targets likely will prove to be conservative.
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