Oppenheimer Holdings Inc. Analysts Give Nokia Corp. (NOK) a $7.00 Price Target
nokia/" target="_blank">nokia/" target="_blank">Nokia Corp. (NYSE:NOK) has been assigned a $7.00 target price by equities researchers at Oppenheimer Holdings Inc. in a note issued to investors on Thursday.The firm currently has a a "buy" rating on the technology company's stock.Oppenheimer Holdings Inc.'s price objective suggests a potential upside of 47.99% from the stock's previous close.
Top Analyst Cuts Price Target on Nokia Corp (ADR) (NOK) as Challenging Macro Continues
In a research report published Thursday, Canaccord top analyst Michael Walkley reiterated a Buy rating on shares of nokia/" target="_blank">nokia/" target="_blank">Nokia Corp (ADR) (NYSE:NOK), while reducing the price target to $5.50 (from $6.00), after the company issued cautious outlook for Q4/2016 and 2017, as its total addressable market expected to decline low-single digits in 2017.Walkley commented, "Despite the challenging macro leading to our lowered revenue estimates, strong execution on reducing costs is allowing management to maintain their 2016 UBN operating margin target of 7-9% with strong execution potentially enabling Nokia to achieve results above the mid-point.We believe Nokia management has a strong track record of operational excellence and will continue its strong execution on cost-cutting initiatives following the Alcatel Lucent acquisition.""We believe the technology licensing business can also create a source of high margin growth.
BMO Analyst Lowers Price Target on Nokia Corp (ADR) (NOK) on Back of Capex Headwinds
nokia/" target="_blank">nokia/" target="_blank">Nokia Corp (ADR) (NYSE:NOK) investors are having rough days after the networking equipment company reported mixed results for the September quarter, and mostly weaker guidance.NOK stock has fallen nearly 12% since the earnings news broke.In reaction, BMO analyst Tim Long lowered his price target to $6.00 (from $7.00), while reiterating an Outperform rating on NOK.
Nokia Corp. (NOK) Given a $7.00 Price Target at Oppenheimer Holdings Inc.
Oppenheimer Holdings Inc. set a $7.00 price target on nokia/" target="_blank">nokia/" target="_blank">Nokia Corp. (NYSE:NOK) in a research report released on Thursday.The brokerage currently has a a buy rating on the technology company's stock.A number of other research firms also recently commented on NOK.
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