JPMorgan Lowers PT on Nokia (NOK) to EUR 5.60 From EUR 6.05, Keeps an Overweight Rating

Nokia Oyj (NYSE:NOK) is one of the best affordable stocks under $5 to invest in. On July 18, JPMorgan analyst Sandeep Deshpande lowered the firm’s price target on Nokia Oyj (NYSE:NOK) to EUR 5.60 from EUR 6.05 while keeping an Overweight rating on the shares.

Nokia Oyj (NYSE:NOK) reported a 3% year-over-year decline in fiscal Q1 2025 net sales on a constant currency and portfolio basis, primarily due to a challenging prior-year comparison in Nokia Technologies.

Network Infrastructure rose 11% on a constant currency and portfolio basis, while Cloud and Network Services grew 8%.

Nokia Oyj’s (NYSE:NOK) full-year 2025 outlook remained unchanged, with a comparable operating profit of between EUR 1.9 billion and 2.4 billion and free cash flow conversion from comparable operating profit of between 50% and 80%.

Nokia Oyj (NYSE:NOK) provides network infrastructure, software, and technology services. Its operations are divided into the following segments: Mobile Networks, Network Infrastructure, Cloud and Network Services, and Nokia Technologies.

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Disclosure: None. This article is originally published at Insider Monkey.