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 inOn 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 (NOK): Showcasing Optical AI Innovations to Tackle Connectivity Challenges

A computer engineer engaging in coding activities in a brightly lit server room.

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.

While we acknowledge the potential of NOK to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NOK and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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