Rosenblatt Initiates Nokia Coverage at Buy, Citing Optical Networking as AI Infrastructure Play
Rosenblatt has started coverage of Nokia with a Buy rating and a $15 price target, arguing the company's Optical Networks franchise stands to gain from AI data center buildouts while the stock still carries a traditional telecom-equipment valuation. The broker points to accelerating Optical Networks revenue, a surge in AI and Cloud bookings, planne…