Northland Securities analyst Tim Savageaux maintained a Buy rating on Nokia (NYSE:NOK) Corp on Monday, setting a price target of $6.5, which is approximately 35.98% above the present share price of $4.78.
Savageaux expects Nokia Corp to post earnings per share (EPS) of $0.00 for the third quarter of 2020.
The current consensus among 4 TipRanks analysts is for a Strong Buy rating of shares in Nokia, with an average price target of $5.48.
The analysts price targets range from a high of $6.5 to a low of $4.47.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $4.91 billion and a net profit of -$77 million. The company's market cap is $26.86 billion.
According to TipRanks.com, Northland Securities analyst Tim Savageaux is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 10.5% and a 59.47% success rate.
Nokia Oyj (HE:NOKIA) provides network infrastructure, technology and software services. It operates through the following segments: Ultra Broadband Networks, Global Services, IP Networks and Applications and Nokia Technologies. The Ultra Broadband Networks segment comprises mobile networks and fixed networks. The Global Services segment provides professional services with multi-vendor capabilities, covering network planning and optimization, systems integration. The IP Networks and Applications segment comprising IP/Optical networks and applications & analytics. The Nokia Technologies segment focuses on advanced technology development and licensing. The company was founded in 1865 and is headquartered in Espoo, Finland.