Nokia Stock Prediction: Nokia Can Use The Patent Licensing Fees From Apple To Promote Nokia-Branded Android Phones
The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.
NOK Stock Prediction
Summary:- Nokia’s stock price has risen +22% since my last Buy recommendation for it last March.
- I am still reiterating NOK as a buy. I like Nokia’s grand plan to be a leader in the $65 billion digital healthcare services industry.
- The new multi-year patent licensing deal with Apple has long term benefits. Nokia can use the licensing/royalty fees to finance its expansion as a health monitoring gadgets/services provider.
- Nokia could also use the licensing money from Apple to help advertise HMD Global’s Nokia-branded Android phones.
- NOK has positive short and long-term algorithmic forecasts scores from I Know First. Now is the right time to go long on NOK.