Why Nokia Shares Are Rising Today


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  • Raymond James upgraded Nokia Oyj (NYSE:NOK), citing "improving competitive position" and rebuilding confidence in management.
  • Analyst Simon Leopold upgraded Nokia to Outperform from Market Perform and a $6.50 price target. The price target implies an upside of 35%. 
  • Also Read: Nokia Q4 Sales Miss Consensus As Mobile Networks Decline 16%; Plans Dividend, Share Buyback
  • Nokia has seen an inflection in its business with the recent Buyback back and the "likely" reintroduction of a dividend.
  • "We envision strength in the Fixed Access and Routing segments and potential optionality in Optical and Mobility," Leopold added.
  • Price Action: NOK shares traded higher by 5.61% at $5.08 in the market session on the last check Monday.

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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