Nokia (NYSE:NOK) Rating Increased to Strong-Buy at Rosenblatt Securities

Key Points

• Rosenblatt Securities upgraded Nokia to “strong buy,” while the broader analyst consensus remains “Moderate Buy” with an average price target of $14.00.
• Nokia reported quarterly EPS of $0.08, exceeding the $0.07 estimate, while revenue rose 8.4% year over year to $5.50 billion but fell slightly short of expectations.
• Institutional investors have generally increased their Nokia holdings, although they own only 5.28% of the company’s stock.

Nokia (NYSE:NOK - Get Free Report) was upgraded by equities researchers at Rosenblatt Securities to a "strong-buy" rating in a research note issued to investors on Monday, Zacks reports.

Other equities research analysts also recently issued research reports about the company. Northland Securities set a $20.00 price objective on Nokia in a report on Wednesday, June 3rd. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Nokia in a research report on Friday, September 4th. JPMorgan Chase & Co. boosted their price target on shares of Nokia from $14.00 to $21.00 and gave the stock an "overweight" rating in a research note on Friday, June 12th. Danske raised shares of Nokia from a "hold" rating to a "buy" rating in a research report on Wednesday, July 1st. Finally, Morgan Stanley reissued an "overweight" rating on shares of Nokia in a research note on Friday, May 22nd. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $14.00.

Nokia Price Performance

Shares of NOK stock opened at $9.83 on Monday. 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 company has a market capitalization of $56.47 billion, a PE ratio of 70.24, a price-to-earnings-growth ratio of 1.14 and a beta of 1.21. The firm's 50-day moving average is $10.21 and its two-hundred day moving average is $11.09. Nokia has a 12 month low of $4.53 and a 12 month high of $17.45.

Nokia (NYSE:NOK - Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The technology company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.01. Nokia had a net margin of 3.49% and a return on equity of 9.83%. The business had revenue of $5.50 billion during the quarter, compared to analysts' expectations of $5.57 billion. During the same quarter in the prior year, the company posted $0.04 EPS. The business's revenue for the quarter was up 8.4% on a year-over-year basis. Analysts predict that Nokia will post 0.39 earnings per share for the current year.

Institutional Investors Weigh In On Nokia

Large investors have recently bought and sold shares of the stock. J2 Capital Management Inc increased its position in Nokia by 2.0% during the 1st quarter. J2 Capital Management Inc now owns 68,204 shares of the technology company's stock worth $548,000 after purchasing an additional 1,319 shares in the last quarter. Syon Capital LLC lifted its position in Nokia by 12.7% during the second quarter. Syon Capital LLC now owns 11,730 shares of the technology company's stock valued at $156,000 after buying an additional 1,321 shares in the last quarter. Kathmere Capital Management LLC grew its stake in Nokia by 14.0% during the first quarter. Kathmere Capital Management LLC now owns 12,081 shares of the technology company's stock worth $97,000 after buying an additional 1,483 shares during the period. Assetmark Inc. increased its position in shares of Nokia by 12.1% in the first quarter. Assetmark Inc. now owns 14,704 shares of the technology company's stock worth $118,000 after acquiring an additional 1,591 shares in the last quarter. Finally, Truist Financial Corp increased its position in shares of Nokia by 5.7% in the fourth quarter. Truist Financial Corp now owns 30,394 shares of the technology company's stock worth $197,000 after acquiring an additional 1,645 shares in the last quarter. Hedge funds and other institutional investors own 5.28% of the company's stock.

Key Stories Impacting Nokia

Here are the key news stories impacting Nokia this week:

• Positive Sentiment: Rosenblatt Securities initiated coverage with a Buy rating and a $15 price target, implying substantial upside from the recent trading level. Another analyst described Nokia as an AI-optical “dark horse” trading at a conservative valuation. Benzinga analyst coverage article
• Positive Sentiment: Telxius selected Nokia’s 800G coherent pluggable technology to expand international network capacity for cloud, AI and data-center traffic. The deployment could reinforce Nokia’s position in high-growth optical networking and improve network efficiency. Telecoms.com Telxius deployment article
• Positive Sentiment: ESpanix is deploying Nokia’s Deepfield Defender across Madrid and Barcelona to protect more than 200 networks from distributed denial-of-service attacks. The contract provides a real-world reference for Nokia’s network-security and software expansion. Zacks DDoS security article
• Positive Sentiment: NTT Docomo’s deployment of Nokia multi-vendor Open RAN equipment adds another operator reference and supports Nokia’s efforts to expand in next-generation telecom infrastructure. Light Reading Open RAN article
• Neutral Sentiment: Nokia is tied to a $3.5 billion AI-funding test, potentially increasing investor attention on AI infrastructure opportunities, but the report does not establish a direct contract or near-term revenue impact. Yahoo Finance AI funding article
• Neutral Sentiment: A Seeking Alpha upgrade to Hold notes strong comparable sales growth, improving margins, rapid AI and Cloud growth, and substantial 2026 profit and free-cash-flow guidance. However, the rating reflects a balance between AI upside and macroeconomic risks. Seeking Alpha Nokia valuation article
• Negative Sentiment: Nokia shares recently fell sharply amid broader weakness in technology stocks, with concerns about macro conditions and valuation overshadowing otherwise favorable AI and networking developments. The volatility may continue until investors see clearer evidence that these wins translate into higher earnings.

About Nokia

Nokia Corporation is a Finland-based technology company that provides communications and networking equipment, software, and related services to telecommunications operators, enterprises, governments, and other organizations worldwide. Its offerings support the design, deployment, management, and modernization of fixed and mobile communications networks.

The company's business includes mobile network infrastructure, radio access networks, core networks, cloud networking, broadband access, optical networking, IP routing, data-center networking, and network automation.

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