New Buy Rating for Nokia (NOK), the Technology Giant

In a report released yesterday, Sandeep Deshpande from J.P. Morgan maintained a Buy rating on Nokia (NOKResearch Report), with a price target of $6.62. The company’s shares closed last Thursday at $5.12.

According to, Deshpande is a 5-star analyst with an average return of 12.5% and a 51.9% success rate. Deshpande covers the Technology sector, focusing on stocks such as Infineon Technologies AG, ASML Holding, and ams AG.

Nokia has an analyst consensus of Moderate Buy, with a price target consensus of $7.22.

See today’s best-performing stocks on TipRanks >>

The company has a one-year high of $6.40 and a one-year low of $4.37. Currently, Nokia has an average volume of 34.31M.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Nokia Oyj provides network infrastructure, technology and software services. It operates through the following segments: Ultra Broadband Networks, Global Services, IP Networks and Applications and Nokia Technologies. The Ultra Broadband Networks segment comprises mobile networks and fixed networks. The Global Services segment provides professional services with multi-vendor capabilities, covering network planning and optimization, systems integration. The IP Networks and Applications segment comprising IP/Optical networks and applications & analytics. The Nokia Technologies segment focuses on advanced technology development and licensing. The company was founded in 1865 and is headquartered in Espoo, Finland.

Read More on NOK:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More