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Why Nokia Stock Is Skyrocketing Today

TheMotleyFool 
0 0 13.04.26
Why Nokia Stock Is Skyrocketing TodayPhoto, wide shot, wide-angle lens, Networking equipment supplier, sunset photo at golden hour, photo by Marc Adamus: https://img.midjourneyapi.xyz/temp/66e3509e-f4c6-4a7b-8e88-53fcc02cf17f.png
 

(NYSE: NOK) stock is bounding higher in Monday's trading. The tech company's share price was up 9.1% as of 2:15 p.m. ET and had been up as much as 10.8% earlier in the session.

Nokia's valuation is seeing strong gains today in conjunction with bullish analyst coverage from Bank of America and a strong demand outlook for the company's optical technologies for artificial intelligence (AI). The stock is now up roughly 60% year to date.

Before the market opened this morning, Bank of America published new coverage on Nokia. The firm's analysts raised their rating on the stock from neutral to buy and set a one-year price target of $12.40 per share. Even with today's gains, the price target still suggests additional potential upside of roughly 20% as of this writing.

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Source Fool.com

Nokia Corp. Stock

€9.02
-3.650%
Heavy losses for Nokia Corp. today as the stock fell by -€0.342 (-3.650%).

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