NOK is trading at $9.88 (+0.05%) after closing up 4.33% at $9.87 following a Bank of America upgrade from Neutral to Buy.
- Bank of America raised its price target to €10.70 from €6.87, citing the Infinera acquisition and a 2025 CEO change as key signals for a strategic pivot toward AI optical networking.
- The stock is significantly outperforming the broader market, with the S&P 500 down 0.33% amid macro headwinds including inflation fears and geopolitical tensions.