NOK is trading at $8.61 (+5.80%) following a Morgan Stanley price target hike to €8.50 based on strong AI and cloud infrastructure demand.
- The upgrade from €6.50 counters recent analyst downgrades and follows a Q4 earnings beat despite trimmed 2026 guidance.
- Positive analyst sentiment is driving the surge as the company benefits from increased network investments.
- The move aligns with broader market advances, including a 0.86% rise in the S&P 500.