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Nokia Stock Drops 1.92% Amid Goldman Sachs Downgrade
Generated by AI AgentAinvest Movers Radar
Tuesday, Apr 8, 2025 8:00 pm ET1min read
Nokia's (NOK) stock price fell to its lowest level since February 2025 today, with an intraday decline of 1.92%.
T-Mobile is conducting FCC-approved tests of
equipment, indicating early exploration into 6G spectrum and technology. This development could positively impact Nokia's stock by associating it with cutting-edge technology and potential future growth in the 6G market.Nokia has signed a five-year agreement with Fibrus to deploy the Nokia Deepfield solution across its network following a successful trial. This partnership could boost Nokia's stock by expanding its market reach and securing long-term revenue streams.
Goldman Sachs downgraded Nokia Oyj from a "neutral" rating to a "sell" rating and set a $3.60 price target on the stock. This downgrade could negatively impact Nokia's stock price by influencing investor perception and reducing confidence in the company's future performance.
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