Nokian Tires: Analysts Disagree on Stock’s Future Returns

Nokian Tires has set target prices that vary widely among analysts. While some have given the stock a “buy” recommendation, others have advised a “hold”. Inderes analyst Rauli Juva believes that the stock has potential for good returns in the future if forecasts are met. However, Bloomberg’s 17 analysts recommend holding onto the stock.

The company’s recent results were disappointing as it fell short of analysts’ expectations. Factors such as production disruptions, economic uncertainties, and low consumer confidence affected its performance. Despite this, Juva remains optimistic about the stock’s potential for the next few years.

A Franco-German financial services company has raised 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 has given the stock a “sell” recommendation with a target price of seven euros.

In conclusion, while there are mixed opinions on Nokian Tires stock, analysts agree that its 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.