Where is Nokia Oyj (NOK) Heading According to Analysts?

Nokia Oyj (NYSE:NOK) is one of the best stocks under $10 to buy right now. Northland Securities analyst Tim Savageaux reiterated a Buy rating on Nokia Oyj (NYSE:NOK) on August 7, setting a price target of $6.50.

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

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

On the other hand, JPMorgan lowered the firm’s price target on Nokia Oyj (NYSE:NOK) to EUR 5.15 from EUR 5.60 on July 29, keeping an Overweight rating on the shares.

The stock’s median price target of $4.25 implies an upside of 21.77% from current levels.

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.

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