Arete upgraded Nokia (NOK) to Buy from Neutral with a EUR 10.60 price target The shares have re-rated higher given the company’s optical exposure to hyperscale data center spend, but AI and cloud represented just 8% of Nokia’s Q1 sales, the analyst tells investors in a research note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NOK: