Nokia (NOK) shares rallied over 2.5% pre-market after IndeRes upgraded the stock from Sell to Reduce, raising its price target to EUR 7 from EUR 6.5 . The upgrade follows Nokia's Q3 earnings beat, with adjusted EPS of $0.10 vs. $0.08 consensus and revenue of $5.84B vs. $5.72B . Management also guided for Q4 net sales to jump 20-24% QoQ .
Further boosting sentiment, Nokia and Nvidia announced a significant AI-RAN partnership, with nearly 20 global telecom operators already running or piloting the technology . This strategic collaboration, combined with improved visibility into Nokia's growth trajectory in optical and IP networks, signals strong momentum for the company .
Why is Nokia stock up over 2% today?
INVESTING.COMOct 26, 10:14 AM UTC
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