Nokia: Still Has A Huge Upside Potential

Jun. 03, 2021 12:17 PM ETNokia Oyj (NOK) StockERIC, NOK76 Comments
Iakov Fatianov
574 Followers

Summary

  • The potential restrictions on Ericsson's operations in China, the increased demand for 5G equipment create a unique opportunity for the stock to grow up to 20% in the short term.
  • The company's results for the first quarter of 2021 exceeded analysts' expectations.
  • Net sales increased by 3%, driven by the network infrastructure and mobile networks.
  • Nokia is still undervalued compared to its closest competitors in all multipliers.

Thesis

Nokia (NYSE:NOK) is undervalued compared to its closest competitors and the overall industry. The company's shares have a unique opportunity to return to levels above $6.00 soon due to the likely problems of the nearest competitor in the Chinese market, growing

This article was written by

574 Followers
I work as a financial analyst and specialize in the analysis of telecom and IT companies. In my spare time, I search for undervalued companies on the stock markets. Feel free to contact me if you have any questions or suggestions. I am also open for new opportunities.

Analyst’s Disclosure:I/we have no positions in any stocks mentioned, but may initiate a long position in NOK over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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