Nokia stock upgraded to “buy” by Jefferies on AI data center growth, margin boost By Investing.com
Update: 2025-10-28
Description
Jefferies upgrades Nokia from hold to buy, boosting its price target to six euros sixty, due to Nokia's shift towards AI-powered data centers. The company's Optical Networking division, bolstered by a merger with Infinera, is driving growth, positioning Nokia to challenge market leader Ciena. Jefferies predicts Nokia's gross margins to rise, revenue to surpass twenty billion euros by 2027, and earnings per share to increase, indicating a strong turnaround. Nokia's Mobile Networks unit is stabilizing, but growth is expected to come mainly from Network Infrastructure, particularly Optical and IP Networks. The upcoming Capital Markets Day on November 19th, with new CEO Justin Hotard, is highly anticipated for further expansion into the data center market and improvements in mobile networks.
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