5G Demand and Cost Improvements Spur Nokia's Turnaround
We are raising our fair value estimate to $7.60 per share from $5.50 and believe that Nokia presents a compelling investment opportunity. We are maintaining our no-moat and stable moat trend ratings for the firm. Looking beyond brief tailwinds created by communication service providers' 5G infrastructure spending, we opine that Nokia is positioned to benefit from 5G's additional use cases beyond smartphone communications while experiencing robust growth within its high-margin licensing and royal...
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