Nokia Stock Prediction: Nokia Can Use The Patent Licensing Fees From Apple To Promote Nokia-Branded Android Phones

motek 1The 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.

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