Nokia Stock Climbs as Morgan Stanley Lifts Target on AI Demand
Nokia hovered near 7.2 euros in Helsinki on Friday, steady after Thursday’s 4.48% jump. Morgan Stanley bumped its price target up to 8.50 euros from the previous 6.50, giving some extra momentum to the recent rally. This shift stands out after recent caution from analysts. Both DNB Carnegie and Danske Bank had downgraded Nokia to hold—DNB making the call on March 10, Danske in late February—with each setting a 6.50-euro price target. In New York trading, Nokia’s U.S. ADRs, which represent the Finnish shares, finished Thursday at $8.14, up 3.04%. Volume hit 88.7 million shares, more than twice the 50-day average.