Nokia Corporation (NYSE:NOK) has been recommended as a long term growth stock according to analysts at Beta Research. With their stock price currently trading around $4.83, the firm has proven a solid track record of growth over the past few years. Investors might consider the stock as a long term growth candidate as the firm has yielded 17.80% earnings per share growth over the past 5 years and 8.20% revenue growth over that same time frame.
Long-term growth (LTG) is an investing strategy where a stock will (hopefully) grow in value for a relatively long period of time. Long-term growth should be considered to be a relative term, due to different styles and goals of investors, but the endgame is the same.
Let’s take a look at how the stock has been performing recently. Over the past twelve months, Nokia Corporation (NYSE:NOK)’s stock was 0.42%. Over the last week of the month, it was -4.36%, -24.06% over the last quarter, and -20.95% for the past six months.
Over the past 50 days, Nokia Corporation’s stock is -22.84% off of the high and 1.68% removed from the low. Their 52-Week High and Low are as follows: -27.37% (High), 19.55%, (Low).
Despite the past success, investors want to know where the stock is headed from here. Analysts covering the shares have a consensus short-term price target of $6.06 on the equity. Analysts have a consensus recommendation of 2.70 based on a 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.