Craig-Hallum raised the firm’s price target on Nokia (NOK) to $7 from $6 and keeps a Buy rating on the shares. Looking into 2025 and beyond, the firm believes that Nokia is well positioned to make a transition of its story from a low growth telecom equipment supplier to a datacenter beneficiary. Further, Craig-Hallum thinks the company’s datacenter opportunity will be further accelerated following the completion of the acquisition of Infinera in the first half of 2025.
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