Nokian Tires has set target prices that vary widely among analysts, with some recommending buying and others holding. Inderes analyst Rauli Juva believes that the stock has potential for good returns in the coming years if forecasts are met. However, Bloomberg’s 17 analysts have a consensus recommendation of “hold.”
The target prices set by analysts for Nokian Tires stock range from six to ten euros. Juva sees room for upside in the stock, especially with the production at the new Romanian plant expected to be in full swing by 2027-2028. Despite recent disappointing results, Juva remains optimistic about the stock’s potential for the next few years.
A Franco-German financial services company has concerns that Nokian Tires may still lower its guidance for the year. The company advises that its 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 the company’s future performance is dependent on factors such as new production facilities and market conditions. Juva remains hopeful for the stock’s potential in the coming years.