Nokia Stock Forecast: 2 Strong Reasons To Go Long Nokia
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.
Summary:
- Nokia’s stock has a 6-month price return of 10.22%. I am still endorsing it as a buy.
- Like Ericsson and Cisco, Nokia is also an obvious beneficiary of the US-led anti-Huawei campaign. Discrimination against Huawei is a tailwind for Nokia.
- Nokia and Alcatel-Lucent has 5G infrastructure solutions and network routers and Ethernet switches. Huawei has been growing at the expense of Nokia.
- The other tailwind for Nokia is HMD Global’s recent unveiling of new smartphones. The Nokia 9 PureView is the world’s first penta-camera handset.
- The Nokia 9 PureView is a flagship handset raised the global brand power of Nokia phones.