US EditionWhy Nokia Stock Is Skyrocketing Today
5 Articles
5 Articles
Why Nokia Stock Is Skyrocketing Today
Key PointsNokia stock is roaring higher today following bullish coverage from Bank of America. Bank of America thinks that Nokia's optical networks segment will rack up big wins thanks to AI-related demand. Investors are betting that Nokia will score big wins in conjunction with expansion initiatives among cloud hyperscalers. 10 stocks we like better than Nokia › Nokia (NYSE: NOK) stock is bounding higher in Monday's trading. The tech company's …
A major bank's strong recommendation of Nokia suggests that the company is finally getting in on the AI hype, writes US correspondent Jukka Lehtinen.
TLDR Bank of America upgraded Nokia's rating to Buy from Neutral, raising its price target to €10.70 from €6.87. Following the announcement, Nokia's Helsinki shares rose nearly 2%. The upgrade was driven by Nokia's growing optical networking business and demand for AI data centers. BofA forecasts Nokia's optical networking segment will grow at a CAGR of 17% through 2028. BofA's earnings per share (EPS) forecasts for 2026-2028 are 13% to 15% hig…
Nokia (NOK) Stock Surges Following Bank of America's Bullish Upgrade on AI Infrastructure Play
Key Takeaways Bank of America elevated Nokia from Neutral to Buy, raising the price target to €10.70 from €6.87. Shares of Nokia advanced nearly 2% in Helsinki trading after the upgrade was announced. The bullish call centers on Nokia’s expanding optical networking operations and AI data center opportunities. BofA projects Nokia’s Optical Networks division will achieve a 17% compound annual growth rate until 2028. The bank’s earnings per share …
Nokia Shares Surge 8.7% on Bank of America Upgrade and AI-Driven Optical Network Demand
ESPOO, Finland — Nokia Oyj shares skyrocketed nearly 9% Monday in Helsinki trading to €8.74 as investors piled into the Finnish telecom equipment maker ahead of its first-quarter earnings, following a bullish upgrade from Bank of America that highlighted strong growth potential in optical networks fueled by exploding AI data traffic and hyperscaler spending.
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