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Northland Securities Remains a Buy on Nokia (NOK)

Tipranks - Tipranks - Sat Jan 31, 8:16AM CST

Northland Securities analyst Tim Savageaux reiterated a Buy rating on Nokia today and set a price target of $8.50.

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Savageaux covers the Technology sector, focusing on stocks such as AXT, Ouster, and Adtran. According to TipRanks, Savageaux has an average return of 27.7% and a 59.18% success rate on recommended stocks.

In addition to Northland Securities, Nokia also received a Buy from TipRanks – OpenAI’s OpenAI Communication Equipment in a report issued yesterday. However, on the same day, TipRanks – xAI reiterated a Hold rating on Nokia (NYSE: NOK).

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Based on Nokia’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $4.83 billion and a net profit of $323 million. In comparison, last year the company earned a revenue of $4.75 billion and had a net profit of $185.65 million

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