With Nortel’s annual analyst day happening on June 11, it’s an appropriate time to take a look at what they’re thinking. The target price of Nortel shares is $10 with a high of $15.50 and a low of $6.40. (Note: The information below needs to be updated to take into account Paradigm analyst Barry Richard’s bullish $23 target).
2 things: 1) Stock is seriously undervalued, but there is no market confidence in this sector (unless your name is Cisco), so until market is better, no chance of buying groceries with this. 2) Is that Soho in the background?
Analyst Update
With Nortel’s annual analyst day happening on June 11, it’s an appropriate time to take a look at what they’re thinking. The target price of Nortel shares is $10 with a high of $15.50 and a low of $6.40. (Note: The information below needs to be updated to take into account Paradigm analyst Barry Richard’s bullish $23 target).
Source: Yahoo Finance
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