Nokia's target price has been increased by UBS from €3.55 to €4, while the rating for the Finnish telecom equipment supplier remains 'neutral'.
The adjustment in target price comes after Nokia's third-quarter results were released, which highlighted a slow recovery and ongoing structural concerns that are impacting growth.
Despite these challenges, UBS acknowledged the company's strong margin resilience and its strategic focus on data centers as potential drivers of growth.
Investors are advised to take these factors into consideration when assessing Nokia's position in the market.