The analyst is bullish on Nokia ($NOK) due to its expansion in photonic chip capacity and undervaluation compared to peers, presenting a strong investment opportunity with a price target detailed in their deep dive.
Nokia's expansion in photonic chip capacity will increase the revenue mix from optical products, which are currently undervalued by the market compared to peers. The company has strong net cash and a downside floor set by Ericsson's valuation. The analyst's sum-of-the-parts model shows Nokia is undervalued relative to peers.
Full $NOK deep dive :https://t.co/d3vcPRbxCQ
| Horizon | Raw move | vs SPY |
|---|---|---|
| 1 day | -1.1% | +0.2% |
| 1 week | -2.0% | +0.2% |
| 1 month | -25.8% | -25.8% |
| 3 months | — | — |
| 6 months | — | — |