You are here
Home > Latest Posts > Liberum upgrades Nokia shares to Buy and boosts Target by 40%. Says Nokia may sell 3-3.5 million Lumia 920 in Q4.

Liberum upgrades Nokia shares to Buy and boosts Target by 40%. Says Nokia may sell 3-3.5 million Lumia 920 in Q4.

Boosted by recent news of Lumia 920 getting sold out in nearly all the major markets and reports of 2.5 million Lumia 920 bookings in mere 20 days, analysts have started upgrading Nokia’s ratings. Now, Liberum has upgraded Nokia to buy and has raised its price target from EUR 2.50 to EUR 3.50.

They also note that early demand suggests sales of the Lumia 920 will be between 3-3.5 million in the fourth quarter. This is well ahead of very low market expectations, the analyst notes. The analyst said sales may grow further next year given initial traction with consumers.

Good to see the market regaining faith in Nokia !!

Source

Nayan
Nayan has more than 10 years of experience of covering Technology and innovations. He is a big Nokia fan and Tech disruptions aficionado. He loves to review new cool gadgets and writing about Android, iOS, Gadgets and general Technology stuff. He has been associated with other well-known Tech sites WinCentral and GadgetOx since long. He currently sports a Lumia 950 XL and Nexus 5X. Other interests include listening to Nu-Metal Hits and Kick-Boxing. Write to him at Email: [email protected]
http://www.nokiapoweruser.com
Top