Nokia Corp Stock Target Price and Analyst Consensus
| NOK Stock | USD 4.20 0.01 0.24% |
The current analyst and expert consensus on Nokia Corp is Buy with 6 hold recommendations. The current projected Nokia Corp target price consensus is 5.10 with 11 analyst opinions. One of the most common ways Nokia Corp ADR analysts use to provide buy-or-sell recommendation to the public are conference calls analysis and financial statements evaluations. Some experts can also talk to Nokia Corp vendors, executives, and/or customers. Nokia Corp recommendation module provides expert sentiment on the projected Nokia Corp ADR target price to derive its highest and lowest estimates based on target price standard deviation of 1.9487.
Lowest Forecast 4.64 | Highest Forecast 5.66 | Target Price 5.1 |
Nokia |
It's important to approach Nokia Corp's target price projections with caution. While they can be useful as part of a broader investment strategy, they are inherently speculative and subject to various kinds of risk, including market volatility and unforeseen external factors. Always consider multiple aspects and do your own research when making investment decisions.
Nokia Corp Target Price Consensus
Nokia target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. Nokia Corp's target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
| 11 | Buy |
Most Nokia analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand Nokia stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of Nokia Corp ADR, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice Exposure ValuationNokia Corp Target Price Projection
Nokia Corp's current and average target prices are 4.20 and 5.10, respectively. The current price of Nokia Corp is the price at which Nokia Corp ADR is currently trading. On the other hand, Nokia Corp's target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.Target Price
Analyst Consensus On Nokia Corp Target Price
Nokia Corp Analyst Ratings
Nokia Corp's analyst stock recommendations are determined by taking an average estimate of all analysts we track and classifying them as Strong Buy, Buy, Hold, Strong Sell, or Sell. Ratings generally communicate what analysts sense about Nokia Corp stock, and they use a lot of effort and time to analyze it and arrive at a rating. That suggests that analyst recommendations are the outcome of an objective and thorough examination of Nokia Corp's financials, market performance, and future outlook by experienced professionals. Nokia Corp's historical ratings below, therefore, can serve as a valuable tool for investors.Analyst Consensus Breakdown
Average Consensus Estimates
Analysts determine stock price targets through various methods, including financial modeling, peer comparison, and company analysis. The stock price target is the analyst's best estimate of the future price of a stock and is used by investors to make investment decisions. However, it is important to note that stock price targets are not guaranteed, and the actual price of a stock can differ significantly from the target due to various factors such as market conditions, economic events, and company developments.
Steps to utilize Nokia Corp price targets
Nokia Corp's stock target price is an estimate of its future price, usually made by analysts. Using Nokia Corp's target price to determine if it is a suitable investment can be done through the following steps:- Look at Nokia Corp's target prices provided by various analysts and compare them. This can help you gain a more balanced view of the Stock's potential.
- Look at the analyst's track record to determine if they have a history of accurately predicting stock prices.
- Look at the Company's financials, including revenue, earnings, and debt, to determine if it is in good financial health.
- Consider market conditions. For example, take into account the state of the economy, competition, and regulatory environment, to determine if Nokia Corp's stock is likely to perform well.
- Diversify your portfolio and do not rely solely on stock target prices to make investment decisions. Invest in a mix of stocks, bonds, and other assets to manage risk.
Additional Nokia Corp Value Projection Modules
Most investment researchers agree that the mispricing and readjustment of any Stock value happens often and is sometimes even predictable, but there is no strong theory explaining why it happens. The current price of Nokia Corp is a key component of Nokia Corp valuation and have some predictive power on the future returns of a Nokia Corp.Trending Themes
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Check out Macroaxis Advice on Nokia Corp to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon. You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.