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Nokia Oyj (NYSE:NOK) is included among the 12 Best European Dividend Stocks to Buy Now.
On November 11, Deutsche Bank lifted its price target on Nokia Oyj (NYSE:NOK) to EUR 6.75 from EUR 4.75 and continued to rate the stock as a Buy, as reported by The Fly.
Nokia Oyj (NYSE:NOK)’s stock has climbed more than 48% since the beginning of 2025, supported by several major developments. At the end of October, the company posted strong earnings, and it also revealed that Nvidia is investing $1 billion in the business.
Nokia Oyj (NYSE:NOK) also unveiled a new partnership with Latvijas Mobilais Telefons (LMT), Latvia’s largest mobile operator and a key technology provider to the defense sector. The two companies will combine Nokia’s advanced 5G radio technology with LMT’s defense capabilities to create a secure, high-capacity tactical communications system tailored for specialized regional needs.
Nokia Oyj (NYSE:NOK) is a global telecom company focused on building the infrastructure behind mobile and fixed networks, including 5G, fiber, cloud, and data center solutions.
While we acknowledge the potential of NOK as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 15 Best 52-Week Low Dividend Stocks to Invest In and 15 Stocks with Highest Dividend to Invest In
Disclosure: None.
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