Nokia Oyj (NYSE: NOK) and Apple Inc. (Nasdaq: AAPL) have entered into a new patent cross-license agreement, replacing the existing license set to expire at the end of 2023. The specifics of the agreement are confidential.

This license encompasses Nokia's essential inventions in 5G and other technologies, and as part of the deal, Apple will make payments to Nokia over a multi-year period. Starting in January 2024, Nokia expects to recognize the revenue associated with this new patent license agreement.

On Friday, Nokia's stock closed at $4.16, reflecting a marginal increase of $0.01 (+0.24%).

In other news, Zillow Group, Inc. (Nasdaq: ZG), an online real estate marketplace, was maintained with an Overweight rating by Stephens & Co., along with a raised price target from $57 to $60. 

Despite closing at $49.20 on Friday, the increased price target suggests a potential upside of $10.80 or approximately 21.95% for $ZG, based on the brokerage firm's view.

EQT Corporation (NYSE: EQT), a natural gas production company, was maintained with an Overweight rating by Wells Fargo, who raised the price target from $39 to $46. 

With $EQT closing at $41.13 on Friday, the raised price target indicates a potential upside of $4.87 or about 11.81%, according to the investment firm's analysis.

Nike, Inc. (NYSE: NKE), a global sports apparel and footwear company, was maintained with an Outperform rating by Wedbush, who increased the price target from $129 to $131. 

Despite closing at $110.37 on Friday, the raised price target suggests a potential upside of $20.63 or approximately 18.67% for $NKE, based on the investment firm's view.

NVIDIA Corporation (Nasdaq: NVDA), a leading graphics processing unit (GPU) manufacturer, was upgraded by Daiwa Capital from Neutral to Outperform, accompanied by a raised price target from $408 to $475. 

Based on Friday's closing price of $423.02, the upgraded price target implies a potential upside of $51.98 or about 12.28% for $NVDA, according to the brokerage firm's perspective.

The potential upsides mentioned for these companies are derived from evaluations and recommendations provided by brokerage firms or analysts, showcasing their outlook on each company's future performance. Nevertheless, it is crucial for investors to conduct their independent research and take into account other factors before making any investment decisions.

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