Mixed Opinions on Nokian Tires’ Stock: Will Analysts Recommend to Buy or Hold?
The tire manufacturer Nokian Tires has a range of target prices from analysts, with some recommending to buy while others are holding. According to Inderes analyst Rauli Juva, the stock has potential for good returns if forecasts are met. However, Bloomberg’s 17 analysts have given a “hold” recommendation.
Analyst opinions on Nokian Tires’ stock vary widely, ranging from six to ten euros. Juva believes that there is room for upside in the stock, especially as production at the new Romanian plant is expected to be fully operational by 2027-2028. Despite recent disappointing results that fell short of analysts’ forecasts, Juva remains optimistic about the stock’s future potential.
A Franco-German financial services company has concerns that Nokian Tires may still lower its guidance for the year. The company advises that net sales and total segment operating profit will increase significantly but visibility remains a concern. Oddo’s recommendation for the stock is “sell” 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.
