AInvest Newsletter
Daily stocks & crypto headlines, free to your inbox
Nokia Price Target Cut to EUR 5.60 by JPMorgan Analyst
ByAinvest
Sunday, Jul 20, 2025 12:50 am ET1min read
JPMorgan analyst Sandeep Deshpande has lowered the price target on Nokia to EUR 5.60 from EUR 6.05 and maintains an Overweight rating on the shares. The move comes after Nokia was selected by MLGW to deploy a private 5G wireless network.
July 02, 2025JPMorgan analyst Sandeep Deshpande has revised the price target for Nokia (NOK, Financial) from EUR 6.05 to EUR 5.60, while maintaining an Overweight rating on the shares. This adjustment reflects current market conditions and the analyst's analysis, indicating continued confidence in Nokia's potential [1].
The move comes after Nokia was selected by Memphis Light, Gas and Water (MLGW) to deploy a private 5G wireless network. The deal, valued at $31 million, is significant as it makes MLGW the first municipal utility in the United States to implement a full-scale standalone 5G private wireless network [2].
Nokia will provide its AirScale radio access equipment, 5G Core Enterprise system, microwave backhaul solution, towers, managed services, and NetGuard cybersecurity products for the project. The network is expected to support MLGW's grid modernization strategy, enhancing power distribution and reducing the risk of unplanned outages [2].
Analysts forecast an average target price of $5.65 for Nokia Oyj (NOK, Financial) over the next year, with a high estimate of $7.00 and a low estimate of $3.80. This average target implies an upside of 18.79% from the current price of $4.76 [1].
GuruFocus estimates the GF Value for Nokia Oyj (NOK, Financial) to be $4.73 in one year, suggesting a downside of 0.53% from the current price of $4.755 [1].
Nokia's win with MLGW is part of a growing trend of private 5G deployments in the utilities sector. Other major players in the market include Ericsson, which has also secured several private network deals in the U.S. and globally [2].
References:
[1] https://www.gurufocus.com/news/2988307/nokia-nok-receives-adjusted-price-target-from-jpmorgan-analyst-nok-stock-news
[2] https://www.fierce-network.com/wireless/nokia-wins-private-5g-utility-deal-mglw
Ainvest News articles are AI-generated using advanced large language model (LLM) technology designed to analyze and synthesize publicly available data and news. While AI tools assist in producing initial drafts and insights, all AI generated content published on Ainvest is subject to comprehensive human editorial review before publication. A designated human editor reviews, verifies, and approves each article for factual accuracy, coherence, and compliance with AInvest Fintech Inc’s editorial and disclosure standards.
Despite these review procedures, the information provided may still contain inaccuracies, incomplete data, or time sensitive references due to the inherent limitations of AI generated analysis and evolving changes. The material is provided strictly for informational and educational purposes and does not constitute personalized investment, legal, or financial advice. Readers should independently verify all facts, figures, and statements before making any decision based on this content.
AInvest Fintech Inc. its affiliates, and partners accept no liability or responsibility for any direct or consequential losses arising from reliance on this content. All articles and analyses are subject to revision, update, or removal without prior notice to maintain accuracy and integrity in our publications.
Comments
No comments yet