We expect a continued re-rating of NOD driven by short range strength and from 2H/21 increased confidence in cellular IoT. NOD reports Q4 results on February 4 and we expect revenues at the high end of its guidance range driven by the strong order backlog. The latter should also support a strong guidance for Q1. We increase our estimates following several positive data points. Our target price is adjusted to NOK 175 (140) and our Buy rating remains firm.
22 Jan 2021
Continued strong momentum
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Continued strong momentum
Nordic Semiconductor ASA (NOD:OSL) | 0 0 0.0%
- Published:
22 Jan 2021 -
Author:
Henriette Trondsen -
Pages:
14
We expect a continued re-rating of NOD driven by short range strength and from 2H/21 increased confidence in cellular IoT. NOD reports Q4 results on February 4 and we expect revenues at the high end of its guidance range driven by the strong order backlog. The latter should also support a strong guidance for Q1. We increase our estimates following several positive data points. Our target price is adjusted to NOK 175 (140) and our Buy rating remains firm.