Analysts have varying opinions on Nokian Tires stock, with some giving it a “buy” recommendation while others suggest holding. Rauli Juva from Inderes believes that the stock has potential for good returns if forecasts are met. However, Bloomberg’s 17 analysts recommend holding the stock.
Nokian Tires’ target prices range from six to ten euros, and Juva sees room for upside in the stock, especially with production at the new Romanian plant expected to be in full swing by 2027-2028. Despite recent disappointing results that fell short of analysts’ forecasts, Juva remains optimistic about the stock’s potential for the next few years.
A Franco-German financial services company has expressed concerns about Nokian Tires potentially lowering its guidance for the year. The company advises that net sales and total segment operating profit will increase significantly but warns that visibility remains a concern. Oddo recommends selling the stock with a target price of seven euros.
In conclusion, while there are mixed opinions on Nokian Tires stock, analysts agree that its future performance depends on factors such as new production facilities and market conditions. Juva remains hopeful for the stock’s potential in the coming years.
