Nokia Corp (Symbol: NOK) shares recently surpassed the average analyst 12-month target price of $12.89, trading at $13.92 per share. This development raises the question of whether analysts will revise their target price upwards or issue a downgrade based on valuation. Currently, the range of analyst targets varies, with the lowest at $10.40 and the highest at $15.00, leading to a standard deviation of $1.721.
Among 8 analysts covering Nokia, there are currently 10 strong buy ratings, 2 buy ratings, 4 hold ratings, and 2 strong sell ratings. The average rating stands at 1.97, indicating a generally favorable outlook, as the scale ranges from 1 (strong buy) to 5 (strong sell). This suggests a growing confidence in Nokia’s market position as it surpasses key price targets.
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