Bank of America Securities analyst Oliver Wong has reiterated their bullish stance on 0HAF stock, giving a Buy rating yesterday.
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Oliver Wong has given his Buy rating due to a combination of factors, notably Nokia’s sharply upgraded growth outlook for its Optical and IP Networks businesses, where management now targets high‑teens organic expansion by FY26 as data center switching revenues accelerate. He highlights that recent design wins are concentrated among major U.S. hyperscale cloud operators, signaling that Nokia is gaining share in a large, competitive data center market beyond its earlier focus on European sovereign projects.
Wong also underscores strong execution in Optical Networks, where double‑digit organic growth and solid AI/cloud order intake support confidence in sustained demand, complemented by better‑than‑expected licensing income from Technology Standards. Although he acknowledges near‑term headwinds from weaker Fixed Networks performance, temporary gross margin pressure from new product ramps, and broader component capacity constraints, he expects these to be transitory and believes the improving mix and operating leverage justify his higher revenue forecasts and increased price objective of €11 per share.
According to TipRanks, Wong is ranked #4737 out of 12155 analysts.
In another report released yesterday, Jefferies also maintained a Buy rating on the stock with a €8.80 price target.