NOK
Wall Street’s vibe shift
Nokia is having one of those rare moments where analysts are acting like they just discovered a new band before it got cool. The latest note from Bank of America upgraded the stock to Buy, and the broader analyst crowd now sits at a “Moderate Buy” with a $7.91 average price target.
Why the bulls are suddenly louder
The bullish argument is pretty straightforward: Nokia is getting more exposure to optical networking, and hyperscalers keep spending on AI data centers like there’s no tomorrow. That’s the sort of setup investors love — not because it’s flashy, but because it gives a mature telecom name a fresh growth angle.
The catch? There’s always one
Not everyone’s fully sold. Citigroup still has a Sell on the name, and the article also flags reports that Nokia may cut about 121 jobs in Finland. Cost savings are nice, sure, but workforce cuts can also mean some near-term operational awkwardness, which is never exactly a confidence booster.
Big picture
For now, Nokia’s story looks less like a comeback tour and more like a steady re-rating attempt. If AI infrastructure spending keeps rippling outward, Wall Street may keep giving this old-school network player a new-school glow-up.