Nokia Stock Surges on 5G Deals and Bullish Forecasts – What’s Next for NOK Investors?
Nokia shares hit a 52-week high near $5.49 on Oct 14, then rose to $5.54 on Oct 15 after announcing major 5G contracts with Vodafone and Rakuten. The company’s Q2 sales beat expectations, though EPS missed slightly. Nokia’s board approved issuing 120 million new shares, raising the total to about 5.58 billion. Analyst consensus remains a Moderate Buy, with a $5.52 average target.