05:40 AM EDT, 10/24/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We lift our 12-month target price to USD6.50 (raised from USD4.50 on October 24), applying an EV/EBITDA multiple of 7.8x to our 2025 estimate, above its five-year historical average multiple of 6.2x, reflecting our expectation of improving revenue visibility in Network Infrastructure and greater contribution from higher-margin optical and cloud-network businesses. We leave our EPADS forecasts unchanged. We believe Nokia ( NOK ) remains well positioned to benefit from the global migration to 5G and 6G networks, fiber expansion, and the digitalization of enterprise connectivity. That said, we remain cautious given ongoing currency and tariff headwinds, pricing pressure across core markets, and only gradual margin recovery. We believe these factors temper the near-term upside potential despite structural tailwinds from AI and 5G/6G infrastructure investment. Competitive intensity also remains fierce across key markets, limiting Nokia's ( NOK ) pricing flexibility and margin expansion potential, in our opinion.