Northland raised the firm’s price target on Nokia (NOK) to $8.50 from $7.50 and keeps an Outperform rating on the shares following yesterday’s announcement of a $1B equity investment by Nvidia (NVDA) that also includes plans to collaborate on AI Networking solutions as well a strategic partnership focused on developing Nokia’s 5G and 6G RAN software to run on Nvidia’s architecture.
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Read More on NOK:
- Notable open interest changes for October 29th
- Nokia price target raised to $8.07 from $4.64 at BofA
- Nokia’s Strategic Partnership with NVIDIA: Long-Term Potential Amidst Near-Term Constraints
- Nokia partners with Zayo to deploy IP network architecture
- Nokia downgraded to Neutral from Outperform at Grupo Santander