Nokian Tires is a tire manufacturer with varying target prices set by analysts. While some recommend buying the stock, others advise holding it. Inderes analyst Rauli Juva believes that Nokian Tires has potential for good returns in the coming years if forecasts are met. However, Bloomberg’s 17 analysts have given a consensus recommendation of “hold”.
Juva sees upside in the stock, especially with production at the new Romanian plant expected to be fully operational by 2027-2028. Despite disappointing results and concerns about low consumer confidence, production disruptions, and economic uncertainties, Juva remains optimistic about the stock’s future performance.
Oddo has expressed concern that Nokian Tires may 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 recommends selling the stock with a target price of seven euros.
In conclusion, while there are mixed opinions on Nokian Tires stock, analysts agree that its future performance depends on factors such as new production facilities and market conditions. Juva remains hopeful for the stock’s potential in the coming years.