(CercleFinance.com) – Goldman Sachs reiterated its buy recommendation on Nokia on Friday, with a target price of 6.1 euros, following its participation in an event devoted to ‘cloud’ and network services. equipment supplier.
The intermediary notes that the meeting was an opportunity for the Finnish group to demonstrate its intention to grow its activities in the field faster than the market, whose growth is expected around 5% over the period 2021-2024.
According to the analyst, the implementation of ‘SaaS’ type solutions (software as a service) should lead to improved profit margins over the long term.
Goldman also points out that Nokia is benefiting from solid new customer gains in the 5G core network, both at the level of telecom operators and enterprises, a trend which he believes should favor the management of data traffic via the edge computing.
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