Nokia (NYSE:NOK) Given New $14.00 Price Target at Rosenblatt Securities

Key Points

• Rosenblatt Securities lowered Nokia’s price target from $15.00 to $14.00 but maintained a “buy” rating, implying roughly 78% upside from the previous close.
• Nokia reported quarterly EPS of $0.10 versus the $0.08 consensus and revenue of $5.84 billion, up 9.7% year over year; analysts maintain a “Moderate Buy” consensus with a $13.46 average price target.
• Strong AI, cloud and network-infrastructure demand is supporting growth, but reduced cash-flow expectations, higher supply-chain costs and a broadly weaker technology market remain risks to margins and the stock.

Nokia (NYSE:NOK - Get Free Report) had its price target reduced by equities researchers at Rosenblatt Securities from $15.00 to $14.00 in a report issued on Friday, Benzinga reports. The brokerage presently has a "buy" rating on the technology company's stock. Rosenblatt Securities's price target suggests a potential upside of 78.23% from the company's previous close.

A number of other research firms also recently commented on NOK. B. Riley Financial started coverage on Nokia in a research note on Thursday, September 17th. They issued a "buy" rating and a $15.00 price objective on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Nokia in a research note on Monday, July 27th. JPMorgan Chase & Co. reaffirmed a "buy" rating on shares of Nokia in a report on Tuesday, August 18th. Weiss Ratings reiterated a "hold (c)" rating on shares of Nokia in a research report on Friday, September 4th. Finally, Sanford C. Bernstein reissued a "neutral" rating on shares of Nokia in a report on Thursday, July 23rd. Fifteen investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $13.46.

Nokia Price Performance

NYSE NOK opened at $7.86 on Friday. Nokia has a 12 month low of $5.84 and a 12 month high of $17.45. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.50 and a quick ratio of 1.22. The firm has a market capitalization of $45.11 billion, a PE ratio of 22.02, a P/E/G ratio of 1.10 and a beta of 1.19. The company's 50 day simple moving average is $10.16 and its 200 day simple moving average is $11.45.

Nokia (NYSE:NOK - Get Free Report) last announced its earnings results on Thursday, October 22nd. The technology company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.08 by $0.02. The firm had revenue of $5.84 billion for the quarter, compared to analysts' expectations of $5.72 billion. Nokia had a return on equity of 9.83% and a net margin of 3.49%. The firm's quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.06 earnings per share. As a group, equities research analysts forecast that Nokia will post 0.39 EPS for the current fiscal year.

Institutional Investors Weigh In On Nokia

Institutional investors and hedge funds have recently modified their holdings of the stock. IFP Advisors Inc grew its holdings in shares of Nokia by 1,152.7% in the 2nd quarter. IFP Advisors Inc now owns 7,942 shares of the technology company's stock worth $105,000 after acquiring an additional 7,308 shares during the last quarter. Gateway Wealth Partners LLC purchased a new stake in shares of Nokia during the first quarter valued at $81,000. Waverly Advisors LLC purchased a new stake in shares of Nokia during the first quarter valued at $82,000. Foster Group Inc. acquired a new position in shares of Nokia in the 2nd quarter valued at $138,000. Finally, Wedmont Private Capital acquired a new position in shares of Nokia in the 3rd quarter valued at $110,000. Institutional investors and hedge funds own 5.28% of the company's stock.

Trending Headlines about Nokia

Here are the key news stories impacting Nokia this week:

• Positive Sentiment: Nokia beat expectations with third-quarter revenue of approximately €5.15 billion, up about 10% year over year, while comparable operating profit rose 35% to €605 million. Reported EPS of $0.10 exceeded the $0.08 consensus estimate. Nokia third-quarter profit beats expectations
• Positive Sentiment: Network Infrastructure remained the key growth engine: revenue increased 15% on a constant-currency basis, led by 43% growth in IP Networks and 18% growth in Optical Networks. Sales to AI and cloud customers surged 123%, with order intake up 118%. Nokia Corporation Interim Report for Q3 2026
• Positive Sentiment: Nokia is expanding its AI positioning through AI-RAN work with NVIDIA, Supermicro, Elisa and T-Mobile, alongside a sovereign agentic-AI platform for telecom operators. These initiatives could support longer-term demand for data-center, optical and network infrastructure. T-Mobile claims world first AI-RAN call with Nokia and Nvidia
• Positive Sentiment: Nokia and ICEYE signed a letter of intent with Ukraine’s Ministry of Defence to explore sovereign satellite communications, adding a potential defense and space-related growth opportunity. ICEYE and Nokia partner with Ukraine’s Ministry of Defence
• Neutral Sentiment: Management maintained its full-year outlook and expects AI and cloud demand to remain strong, but said the traditional telecom market is likely to stay broadly flat.
• Negative Sentiment: Investors reacted negatively to Nokia’s reduced cash-flow view and warnings that supply-chain cost inflation represents a structural cost increase rather than a temporary shortage. The company plans to raise prices, but higher expenses could pressure margins. Nokia sinks on Q3 beat as it cuts cash-flow view
• Negative Sentiment: The stock also suffered from broad de-risking across AI and technology shares, overwhelming the earnings beat and prompting investors to question whether strong AI growth is already reflected in Nokia’s valuation. Why Nokia sank today

Nokia Company Profile

Nokia Oyj is a Finland-based technology company that provides communications networking equipment, software and related services to telecommunications operators, enterprises, governments and other organizations worldwide. Its offerings support fixed and mobile broadband, optical and IP networks, data centers, cloud environments and private wireless communications.

The company's business activities include mobile network infrastructure, network automation and management software, fiber and broadband access, optical networking, routing, data-center networking, and cloud and network services.

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