Is Nokia stock just a buy in telecom space?
On average, Wall Street analysts predict. that NOKIA's share price could reach $7.52 by Apr 29, 2023. The average NOKIA stock price prediction forecasts a potential upside of 54.04% from the current NOK share price of $4.88 .
Will Nokia stock hit $10 by 2025?
Stock Price Forecast. The 26 analysts offering 12-month price forecasts for Nokia Oyj have a median target of 6.49, with a high estimate of 8.41 and a …
How many shares does Nokia have outstanding?
· Nokia 's ( NOK 1.76% ) stock briefly hit a two-year high in late January due to a market-wide short squeeze that also lifted shares of GameStop, BlackBerry, and other beaten-down companies. But ...
What are analysts'1-year price targets for Nokia's stock?
· Nokia price started in 2022 at $6.22. Today, Nokia traded at $4.96, so the price decreased by -20% from the beginning of the year. The forecasted Nokia price at the end of 2022 is $5.85 - and the year to year change -6%. The rise from today to year-end: +18%. In the middle of 2022, we expect to see $5.49 per 1 Nokia.
Is Nokia stock will go up?
Many may see Nokia's (NYSE:NOK) strong performance during 2021 and chalk it up entirely to its association to the “meme stocks” trend. This investing phenomenon could have played a role in some of its wilder moves last year (it's not for certain).
Is Nokia a good stock to invest in?
Nokia (NOK) is a stock many investors are watching right now. NOK is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. The stock holds a P/E ratio of 11.97, while its industry has an average P/E of 14.25.
How high is Nokia expected to go?
Stock Price Forecast The 26 analysts offering 12-month price forecasts for Nokia Oyj have a median target of 6.49, with a high estimate of 8.41 and a low estimate of 5.52. The median estimate represents a +30.81% increase from the last price of 4.96.
Can Nokia Be a Millionaire Maker stock?
In the end, Nokia is unlikely to turn small investors into millionaires. Admittedly, an upgrade to its guidance and the speculative interest of meme-stock traders could push its share price higher. However, anecdotal evidence suggests its network equipment is not meeting the standard set by its peers.
Is Nokia a long term buy?
Its investments in the 5G realm have been paying off in a big way, and it will continue to garner more market share from its peers. Therefore, NOK stock is an excellent long-term investment in the 5G space.
Is Nokia a buy sell or hold?
Nokia Oyj has received a consensus rating of Buy. The company's average rating score is 2.88, and is based on 14 buy ratings, 2 hold ratings, and no sell ratings.
What is the future of Nokia stock?
Nokia has set a long-term target to boost revenue faster than the market. Analysts expect the company to post sales of €23.3 billion this year and €23.7 billion in 2023, both beating revenue of €22.2 billion last year.
How is Nokia doing in 2021?
Nokia estimated a full-year 2021 comparable operating margin of 12.4-12.6%, above its previous guidance of 10-12%, and net sales of 21.7-22.7 billion euros, within its previously announced range. The company said its underlying business performed largely as expected in the fourth quarter.
What is Nokia price target?
Stock Price Target NOKHigh$8.41Median$6.49Low$5.52Average$6.66Current Price$4.78
Does Nokia stock have potential?
Many may see Nokia's (NYSE:NOK) strong performance during 2021 and chalk it up entirely to its association to the “meme stocks” trend. This investing phenomenon could have played a role in some of its wilder moves last year (it's not for certain).
Does Nokia pay a dividend?
HELSINKI, Feb 3 (Reuters) - Nokia (NOKIA. HE) on Thursday restarted its quarterly dividend and initiated a share buyback programme after reporting fourth-quarter comparable operating earnings above markets estimates as the Finnish telecoms equipment maker kept costs in check.
Why is Nokia share price increasing?
Moreover, NOK stock is bound to rise much higher based on recent results updates. On Jan. 11, Nokia increased its guidance in an update on its 2021 performance and also raised its outlook for 2022 quite significantly. This will have the effect of raising the company's free cash flow (FCF) estimate for 2022.
Is Nokia Stock a good buy in 2022, according to Wall Street analysts?
The consensus among 6 Wall Street analysts covering ( NYSE : NOK ) stock is to Strong Buy NOK stock. Out of 6 analysts , 4 ( 66.67% ) are...
What is NOK's earnings growth forecast for 2022-2024?
( NYSE : NOK ) Nokia 's forecast annual earnings growth rate of 17.17% is forecast to beat the US Communication Equipment industry's average...
What is NOK's revenue growth forecast for 2022-2024?
( NYSE : NOK ) Nokia 's forecast annual revenue growth rate of 3.93% is not forecast to beat the US Communication Equipment industry's aver...
What is NOK's forecast return on assets (ROA) for 2022-2024?
(NYSE: NOK) forecast ROA is 5.97%, which is lower than the forecast US Communication Equipment industry average of 12.51%.
What is NOK's Price Target?
According to 3 Wall Street analyst s that have issued a 1 year NOK price target, the average NOK price target is $7.43 , with the highest N...
What is NOK's Earnings Per Share (EPS) forecast for 2022-2024?
(NYSE: NOK) Nokia's current Earnings Per Share (EPS) is $0.32. On average, analysts forecast that NOK's EPS will be $0.42 for 2022, with the lowest...
What is NOK's forecast return on equity (ROE) for 2022-2024?
(NYSE: NOK) forecast ROE is 13.78%, which is considered weak.
What is Nokia stock worth in 2020?
What is the peg ratio of Nokia?
Nokia's stock was trading at $3.13 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, NOK stock has increased by 86.9% and is now trading at $5.85. View which stocks have been most impacted by COVID-19.
What is Nokia Oyj?
Nokia has a PEG Ratio of 1.36. PEG Ratios above 1 indicate that a company could be overvalued.
What is the symbol for Nokia?
Nokia Oyj engages in the provision of network infrastructure, technology, and software services. It operates through the following segments: Networks, Nokia Software, Nokia Technologies, and Group Common and Other. The Networks segment comprises mobile networks, services, fixed networks, and optical networks. The Nokia Software segment offers cloud core software portfolio. The Nokia Technologies segment focuses on the innovation and research and development in technologies used. The company was founded by Fredrik Idestam in 1865 and is headquartered in Espoo, Finland.
Does Nokia pay dividends?
Nokia trades on the New York Stock Exchange (NYSE) under the ticker symbol "NOK."
Stock Price Forecast
Nokia does not currently pay a dividend.
Analyst Recommendations
The 25 analysts offering 12-month price forecasts for Nokia Oyj have a median target of 7.08, with a high estimate of 8.01 and a low estimate of 5.99. The median estimate represents a +25.07% increase from the last price of 5.66.
What is Nokia's share of the global telecom equipment market?
The current consensus among 29 polled investment analysts is to Buy stock in Nokia Oyj. This rating has held steady since February, when it was unchanged from a Buy rating. Move your mouse over past months for detail
What is Nokia's operating margin in 2021?
As a result, Nokia's market share shrank as big wireless carriers upgraded their 5G networks. Between the end of 2019 and the third quarter of 2020, Nokia's share of the global telecom equipment market fell from 16% to 15%, according to Dell'Oro Group -- putting it in second place behind Huawei.
Why did Nokia suspend its dividend?
Nokia expects its revenue to decline 0%-6% in 2021, with a comparable operating margin of 7%-10% -- compared to 9.7% in 2020. Analysts expect its revenue and earnings to decline 2% and 23%, respectively, for the full year.
What is Nokia's plan for 2021?
It suspended its dividend in late 2019 to free up more cash to strengthen its 5G business, but the 11th-hour effort was too little and too late.
Why did Nokia lose its market share in 2020?
Lundmark also warned that Nokia would need to "make further 5G R&D investments in 2021" and "sacrifice some short-term margin" to stay competitive.
Is Ericsson better than Nokia?
Nokia mainly attributed its declines throughout 2020 to soft demand for its network deployment and planning services , which was only partly offset by higher demand for its 5G radio access products.
Did Nokia lose contracts in China?
Ericsson is faring much better than Nokia. Analysts expect Ericsson's revenue and earnings to rise 3% and 6%, respectively, in 2021. Ericsson also posted a much higher comparable operating margin of 12.5% in 2020, and it continues to pay its dividend.
How much will Nokia stock price be in 2022?
But Ericsson, which streamlined its portfolio to focus more on selling radio access network gear, didn't lose any major contracts in China.
When will Nokia price go up?
In the first half of 2022, the Nokia price will climb to $6.67 ; in the second half, the price would add $0.99 and close the year at $7.66, which is +50% to the current price. Nokia Stock Forecast 2023-2027. These five years would bring an increase: Nokia price would move from $7.66 to $13.07, which is up 71%.
How much will Nokia cost in 2021?
According to the latest long-term forecast, Nokia price will hit $10 by the end of 2023 and then $20 by the end of 2032.
What is the price of Nokia in 2021?
Nokia price started in 2021 at $3.90. Today, Nokia traded at $5.47, so the price increased by 40% from the beginning of the year. The forecasted Nokia price at the end of 2021 is $7.75 - and the year to year change +98%. The rise from today to year-end: +42%. In the first half of 2022, the Nokia price will climb to $9.74; in the second half, the price would add $0.68 and close the year at $10.42, which is +90% to the current price.
What the Chip Shortage Means for NOK Stock
Nokia price started in 2021 at $3.90. Today, Nokia traded at $5.47, so the price increased by 40% from the beginning of the year. The forecasted Nokia price at the end of 2021 is $7.75 - and the year to year change +98%. The rise from today to year-end: +42%.
Why Nokia Is Headed Back to Double-Digit Prices
Last year was a banner year for Nokia, and not just because of the strong performance of its stock. Under the leadership of CEO Pekka Lundmark, the company successfully repositioned itself as a leading supplier of 5G telecom equipment. It also made progress with its restructuring and turnaround efforts.
The Verdict on NOK Stock
A resolution to the chip crisis could of course be a positive for NOK stock. Yet other catalysts could do the trick as well. First, let’s consider a catalyst that has been in play for quite some time: The completion of its cost reduction and restructuring efforts.
What is the stock forecast for Nokia in 2025?
Earning an “A” rating in my Portfolio Grader, things are just getting warmed up with Nokia. The resolution of the chip crisis could pave the way for blockbuster results — perhaps as soon as the second half of 2022.
What happened to Finnish telecom in 2020?
Now, it may finally get the catalyst needed for a triple-digit rage. The Nokia stock forecast for 2025 is $10, more than double what it is today.
What is the largest RAN network in Sweden?
The Finnish telecom fell with the best of them in the 2020 COVID-19 crash, down near $3. Its growth couldn't match the broad market rally in the months that followed, though it did regain some footing in the $5 range.
Which country has the latest 5G law?
This is great for Nokia's momentum in Europe. Net4Mobility is Sweden's largest RAN network, carrying 60% of the country's network traffic. For 4G alone, it covers 90% of the country.
Is Nokia still rolling out its products?
Germany is the latest to do so with its "IT Security Law 2.0" restricting the role of "untrustworthy" 5G technology suppliers. The anti-Huawei sentiment is still projected to increase across the continent. Nokia is also making moves in Sweden, home of Ericsson.
Is Nokia stock going up in 2025?
Finally, Nokia has gotten over the hump with its product issues and continues to roll out its products and services around the world. This bodes well for the company financially, and it will reward investors in turn.
Did Nokia back down?
The broad market, the 5G market, and Nokia's product will still serve as three key drivers of the Nokia stock price leading up to 2025. For the broad market, the S&P 500 has ripped upward 57% since the pandemic slump. The economy is reopening further as people around the world get vaccinated.
How much does Nokia have a market cap?
But Nokia did not back down. It enlisted Marvell Technology Group Ltd. (NASDAQ: MRVL) to develop a better chipset. Since then, the company has been steadily phasing out the faulty chipsets for the good ones. Now, its success hinges on beating other tech giants.
How many shares does Nokia have?
Most companies trading in the $5 per share range are either small or mid-cap companies. Nokia has a market cap of about $32 billion -- well into large-cap territory.
How much did Nokia sell for in 2000?
Moreover, Nokia has about 5.6 billion shares outstanding. With so many shares available, gains become more difficult as it takes large purchases to move the stock price. In comparison, AMC Entertainment, which many shareholders slammed recently for its efforts to issue additional shares, has made about 502 million shares available.
Is Nokia underperforming?
Nokia has traded much higher historically, reaching $62 per share at the height of the dot-com bubble in 2000. In addition, shares sold for as much as $42 when its cellphone business peaked in 2007.
Do meme stocks have sharp upward moves?
Unfortunately, researchers from Gartner reported that several network operators had found Nokia's equipment underperformed that of its peers. Ryan Koontz of Rosenblatt Securities said in an interview that Ericsson holds a technical lead of six to 12 months over Nokia in hardware development.
Who is Nokia's competitor?
Meme stocks do carry some potential for sharp upward moves that traders can capitalize on -- but can this telecom stock generate real wealth for long-term investors?
Is Nokia a meme stock?
It competes with companies such as Ericsson, Huawei, and Samsung to provide infrastructure to telecoms that are upgrading their abilities to provide 5G service.
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Amid drastic changes to its business, Nokia ( NYSE:NOK) continues to attract investor attention. Once the leading maker of mobile phones, it has redefined itself as a telecom equipment stock in the 5G era. Moreover, it has recently drawn attention from traders on Reddit as a meme stock, in part due to its low per-share price.
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NOK Earnings: A Deeper Look
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Bottom Line on NOK Stock
The company’s financials are clouded by goodwill impairment and amortization charges. This is primarily related to the company’s 2016 merger with Alcatel-Lucent. There are also restructuring charges related to their cost savings plan. With this in mind, let’s take a look at the company’s adjusted earnings.