Nokia : Oddo BHF diminue son objectif de cours.

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Oddo BHF, a leading brokerage firm, has decided to maintain its ‘neutral’ rating on Nokia shares, but has lowered its target price from E3.3 to E3 following an analysts’ meeting in Finland. The decision comes after the firm reduced its EPS estimates by an average of 5% for 2024-25.

During the analysts’ meeting, Nokia presented a positive outlook on long-term growth opportunities. However, Oddo BHF remains cautious about the company’s prospects for 2024, citing challenges due to the loss of AT&T as a key customer. This loss could potentially impact Nokia’s financial performance in the coming year.

Despite Nokia’s current valuation at 4x forward-looking 12-month EBITDA, which is considered low compared to its 5-year average of 6.7x, Oddo BHF is hesitant to recommend investment in the company at this time. The firm believes that it would be prudent to wait for signs of recovery before making any investment decisions.

Overall, while Nokia shows promise for long-term growth, Oddo BHF believes that the company may face difficulties in the short term. Investors are advised to exercise caution and monitor Nokia’s performance closely before making any investment decisions.


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En savoir plus sur cette actualité ?

Questions les plus fréquemment posées sur cette actualité.

What is Oddo BHF’s current rating on Nokia shares?

As of the latest available information, Oddo BHF has a “Buy” rating on Nokia shares.

What is Oddo BHF’s target price for Nokia shares?

Oddo BHF’s target price for Nokia shares is €4.50.

Why did Oddo BHF lower its target price for Nokia shares?

Oddo BHF lowered its target price for Nokia shares due to concerns about the company’s performance and outlook. They may have revised their projections based on updated financial data, market conditions, or changes in the competitive landscape. Additionally, they may have taken into account any potential risks or uncertainties that could impact Nokia’s stock price in the future.

What impact did the analysts’ meeting in Finland have on Oddo BHF’s EPS estimates for 2024-25?

It is not possible to determine the specific impact of the analysts’ meeting in Finland on Oddo BHF’s EPS estimates for 2024-25 without more information. The analysts’ meeting could have resulted in updated information or insights that could have influenced the EPS estimates, but without knowing the specific details of the meeting and its outcomes, it is difficult to say how it directly impacted the EPS estimates.

Why does Oddo BHF caution that 2024 may be challenging for Nokia?

Oddo BHF cautions that 2024 may be challenging for Nokia due to several factors. These include increasing competition in the telecommunications market, potential changes in technology trends, and macroeconomic uncertainties that could impact demand for Nokia’s products and services. Additionally, the company may face challenges in maintaining its market share and profitability in a rapidly evolving industry.

How does the valuation of Nokia currently compare to its 5-year average?

As of September 2021, the valuation of Nokia is currently lower than its 5-year average. This is due to a variety of factors, including competition in the smartphone market, declining revenues, and challenges in transitioning to 5G technology. Investors may be cautious about the company’s future prospects, leading to a lower valuation compared to its historical average.

Why does Oddo BHF prefer to wait for signs of recovery before recommending investment in Nokia?

Oddo BHF may prefer to wait for signs of recovery before recommending investment in Nokia because investing in a company that is still experiencing challenges and uncertainties can be risky. By waiting for signs of recovery, they can have more confidence that the company is on a path to improvement and that their investment will be more likely to generate positive returns. Additionally, waiting for signs of recovery allows them to assess the company’s financial health, market position, and growth prospects more accurately, making their investment recommendation more informed and strategic.

Personnes citées

Personnes physiques ou morales citées dans cette actualité.

  • Oddo BHF: A leading brokerage firm that has decided to maintain its ‘neutral’ rating on Nokia shares, but has lowered its target price following an analysts’ meeting in Finland. The firm remains cautious about Nokia’s prospects for 2024.
  • Nokia: Presented a positive outlook on long-term growth opportunities during the analysts’ meeting, but faces challenges due to the loss of AT&T as a key customer. Despite a low current valuation, Oddo BHF is hesitant to recommend investment in the company at this time.
  • AT&T: A key customer that Nokia has lost, potentially impacting the company’s financial performance in the coming year.

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