Laitetaas tähän GS:n tarinaa. Ihan ei saa selvää mikä on Goldmannilta lainattua ja mikä tekoälyn täytettä.
Melkoinen takinkääntö Duvallilta. Oli muistaakseni aikoinaan positiivista näkemystä omaava, ja jäi lopulta Nokian tuoreimman alamäen myötä suorastaan pessimistiksi
Sinänsä mielenkiintoista myös mainitaan noitten metsäradioverkkijen osuus on tippunut 50% → 30%, kiitos kaiketi muiden verkkojen nousun sekä vähän liioitellen käänteentekeväksi ja vähintään hienoksi osoittautunut Infinerakauppa. 2 mrd well spent.
Investing.com - Goldman Sachs upgraded Nokia OYJ (NYSE:NOK) (NOKIA:FH) to Neutral from Sell on Friday, raising its price target to EUR8.00 from EUR3.50. The stock currently trades at $7.98 and has delivered strong returns, climbing 57% over the past year and 72% in the last six months.
The upgrade reflects a more positive view on Nokia’s growth opportunities in Optical and IP Networks, which Goldman Sachs believes will continue to benefit from the ongoing AI infrastructure build-out. In recent quarters, Nokia has pointed to strong order momentum in these segments.
The company has disclosed multiple design wins for its pluggable offering and highlighted that it ended 2025 with an order backlog of approximately EUR2.5 billion from AI and Cloud customers. Goldman Sachs noted the increasingly important role of Optical in connecting AI data centers in a compute and energy constrained environment. Nokia maintains a strong balance sheet with more cash than debt and a low debt-to-equity ratio of 0.21, according to InvestingPro data, though the platform’s Fair Value analysis suggests the stock may be overvalued at current levels.
Goldman Sachs continues to expect limited growth opportunities in Nokia’s cyclical Radio Networks business due to a flat underlying wireless RAN market. The Mobile Infrastructure segment now represents approximately 30% of Nokia’s group revenues versus approximately 50% at historical levels.
Nokia has reset profitability and investment expectations at its recent earnings. The shares trade on a two-year forward price-to-earnings multiple of approximately 17 times versus the broader EU Tech two-year forward price-to-earnings multiple of 15 times, implying a premium of approximately 10% relative to a five-year median discount of approximately 40%.
In other recent news, Nokia Corp. reported its fourth-quarter 2025 earnings, which fell short of analysts’ forecasts. The company announced earnings per share of $0.16, missing the expected $0.17. Revenue for the quarter was 6.13 billion euros, below the anticipated 7.1 billion euros. These results were part of the company’s comprehensive 2025 annual report, which Nokia has published and filed with the U.S. Securities and Exchange Commission. The report includes audited financial statements and various corporate governance documents. Investors can access the annual report and related documents on Nokia’s website.
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