Liberum upgrades Nokia shares to Buy and boosts Target by 40%. Says Nokia may sell 3-3.5 million Lumia 920 in Q4.

Boosted by recent news of Lumia 920 getting sold out in nearly all the major markets and reports of 2.5 million Lumia 920 bookings in mere 20 days, analysts have started upgrading Nokia’s ratings. Now, Liberum has upgraded Nokia to buy and has raised its price target from EUR 2.50 to EUR 3.50.

They also note that early demand suggests sales of the Lumia 920 will be between 3-3.5 million in the fourth quarter. This is well ahead of very low market expectations, the analyst notes. The analyst said sales may grow further next year given initial traction with consumers.

Good to see the market regaining faith in Nokia !!

Source

Advertisements

About Kamal

Blogging is my major hobby. Huge Nokia fan and have been using mostly Nokia phones since my first one. Hope you have a great reading time on this blog!! Be in touch @nokiapoweruser on Twitter.

2 comments

  1. Pingback: Nokia Lumia 920 podría vender más de 3 millones para empezar

  2. Pingback: Lumia 920: 3-3.5 mln di pezzi venduti nel Q4 secondo Liberum

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: