NOK Stock Predictions: Can The Phoenix Rise Again?

NOK Stock Predictions: Summary

  • Increasing revenue via signing rewarding royalty contracts with major mobile phone companies.
  • Partnership with India’s largest mobile phone manufacturer.
  • All set on re-entering the mobile phone manufacturing market in 2016.
  • Analysts are confidently predicting NOK’s share to rise.
  • I Know First’s algorithm is bullish on Nokia.

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Nokia (NYSE:NOK) used to be the world’s largest phone maker, but, with the advent of smartphones in the early 2000s, the Finnish multinational has experienced a colossal decline. Recently, Nokia have churned out streams of good news and prospective deals – prompting RBC Capital to inform investors that Nokia’s stock has the, “highest potential return in its large cap coverage considering the numerous catalysts ahead.” The series of recent news regarding Nokia could allow the company to attempt to regain some of its former glory.

Nokia is not the giant it formerly was and it is highly unlikely it will become a market force in the mobile phone market again. However, strong inroads into the Indian and other Eastern markets demonstrate Nokia’s ability to expand.

Additionally, as of 2016, they will be allowed to produce mobile phones again and lucrative royalty deals with Samsung and LG illustrate their high aspirations for that market. Nokia’s long-term future looks increasingly promising and I Know First‘s algorithmic analysis echoes the bullish stance of the fundamental analysis – particularly in the long-run. Both set of analyses indicate that there is currently a profitable opportunity for investors with long-term strategies who could see a phoenix-esque return of Nokia.

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