Where Will Nokia Stock Be in 1 Year?
Nokia's (NYSE: NOK) stock briefly hit a two-year high in late January due to a market-wide short squeeze that also lifted shares of GameStop, BlackBerry, and other beaten-down companies.
But Nokia's gains were ephemeral, and the stock price remains down about 4% over the past 12 months. As that volatility ends, investors might be wondering if the Finnish telecom equipment maker is still a worthy investment. Let's tune out the near-term noise and see where Nokia's stock could be in a year.
Nokia sold its mobile phone unit to Microsoft (NASDAQ: MSFT) in 2014, then purchased its rival Alcatel-Lucent in 2016 to expand its networks business, which provides telecom equipment and services to carriers.
Source Fool.com
