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Nokia Receives New Buy Recommendation with $6.50 Price Target
ByAinvest
Friday, Aug 8, 2025 7:14 am ET1min read
Nokia (NOK) has received a new Buy recommendation from Northland Securities analyst Tim Savageaux, who set a price target of $6.50. Savageaux is a 5-star analyst with a 15.8% average return and 55.99% success rate. J.P. Morgan's Sandeep Deshpande also issued a Buy rating on July 29, while TR | OpenAI reiterated a Hold rating on July 25. Nokia's one-year high is $5.48 and one-year low is $3.76, with an average volume of 18.64M.
Nokia (NOK) shares have been subject to significant volatility, with the stock experiencing seven consecutive sessions of losses as of Friday, July 1, 2025. The stock closed at $4.02, down 1.6% for the day. This follows a 6% decline over the preceding six sessions, leading to an overall loss of 9.4% for the year, compared to the near 8% rise in the broader S&P 500 Index (SP500) [1].Adding to the recent turmoil, Nokia's President and CEO Justin Hotard expects the second half of 2025 to be stronger than the first half, despite the company's recent profit warning due to a weaker U.S. dollar and tariffs [1]. The company's second quarter results missed estimates, and its outlook for the year has been revised due to currency and tariff headwinds [1].
In recent developments, Northland Securities analyst Tim Savageaux has issued a new Buy recommendation for NOK, setting a price target of $6.50. Savageaux, a 5-star analyst with a 15.8% average return and 55.99% success rate, believes that Nokia's solid cash flows, sustainable dividends, and low debt position provide flexibility for future investments despite near-term risks [1]. This recommendation follows similar Buy ratings from J.P. Morgan's Sandeep Deshpande and TR | OpenAI, who reiterated a Hold rating [1].
NOK's one-year high is $5.48, and its one-year low is $3.76, with an average volume of 18.64M shares traded daily. Despite the recent volatility, analysts remain optimistic about Nokia's prospects, particularly given its strong fundamentals and strategic position in the network solutions sector.
References:
[1] https://seekingalpha.com/news/4476726-nokia-shares-fall-for-seven-consecutive-sessions
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