US Stock Market Move | Nokia Oyj Sponsored ADR (NOK.US) rose by 5%. J.P. Morgan believes that its AI and cloud business revenue strength is underestimated.
On Friday, Nokia (NOK.US) rose by 5% to $14.80.
On Friday, Nokia Oyj Sponsored ADR (NOK.US) rose by 5% to $14.80. In terms of news, JPMorgan maintained a "buy" rating for Nokia Oyj Sponsored ADR in a recent research report and substantially raised the target price from $14 to $21. The bank believes that the new revenue stream brought by Nokia Oyj Sponsored ADR's AI and cloud business is severely underestimated by the market, and its profits in 2028 may far exceed the company's own expectations.
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