Nokia (NYSE:NOK) Stock Price Target Cut by JPMorgan Chase & Co.

Key Points

• JPMorgan lowered Nokia’s price target from $21.00 to $20.50 while maintaining an “overweight” rating, implying substantial upside from the stock’s reported $8.11 price.
• Analyst sentiment remains mixed but leans positive: 16 analysts rate Nokia a Buy, five a Hold and two a Sell, resulting in a “Moderate Buy” consensus and an average target price of $13.41.
• Nokia exceeded quarterly expectations, reporting $0.10 in EPS versus $0.08 expected and revenue of $5.84 billion versus $5.72 billion; however, supply-chain cost pressures and a potentially flat traditional telecom market remain risks.

Nokia (NYSE:NOK - Get Free Report) had its price objective dropped by JPMorgan Chase & Co. from $21.00 to $20.50 in a research note issued on Friday, Benzinga reports. The brokerage currently has an "overweight" rating on the technology company's stock. JPMorgan Chase & Co.'s price objective indicates a potential upside of 152.90% from the company's current price.

A number of other analysts have also recently commented on NOK. Barclays restated a "sell" rating on shares of Nokia in a research report on Monday, June 29th. Weiss Ratings reiterated a "hold (c)" rating on shares of Nokia in a report on Friday, September 4th. S&P Equity Research reissued a "positive" rating on shares of Nokia in a research note on Thursday, July 30th. Sanford C. Bernstein reaffirmed a "neutral" rating on shares of Nokia in a research note on Thursday, July 23rd. Finally, Rosenblatt Securities cut their price objective on shares of Nokia from $15.00 to $14.00 and set a "buy" rating on the stock in a research report on Friday. Sixteen investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $13.41.

Nokia Trading Up 2.9%

Shares of NYSE NOK traded up $0.23 during midday trading on Friday, hitting $8.11. The stock had a trading volume of 51,105,338 shares, compared to its average volume of 80,985,117. The company's 50-day simple moving average is $10.16 and its 200 day simple moving average is $11.45. The firm has a market cap of $46.55 billion, a P/E ratio of 57.96, a price-to-earnings-growth ratio of 1.10 and a beta of 1.19. Nokia has a fifty-two week low of $5.86 and a fifty-two week 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.

Nokia (NYSE:NOK - Get Free Report) last issued its quarterly earnings results on Thursday, October 22nd. The technology company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.02. Nokia had a return on equity of 9.83% and a net margin of 3.49%. The business had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.72 billion. During the same quarter in the prior year, the firm posted $0.06 earnings per share. The firm's revenue for the quarter was up 9.7% compared to the same quarter last year. Research analysts anticipate that Nokia will post 0.39 EPS for the current year.

Hedge Funds Weigh In On Nokia

A number of large investors have recently modified their holdings of NOK. Gateway Wealth Partners LLC bought a new stake in Nokia during the first quarter worth about $81,000. Waverly Advisors LLC bought a new position in Nokia in the first quarter valued at approximately $82,000. Stephens Inc. AR acquired a new position in shares of Nokia during the 1st quarter worth approximately $87,000. Jackson Thornton Wealth Management LLC bought a new stake in shares of Nokia during the 1st quarter worth approximately $95,000. Finally, Kathmere Capital Management LLC raised its stake in shares of Nokia by 14.0% during the 1st quarter. Kathmere Capital Management LLC now owns 12,081 shares of the technology company's stock worth $97,000 after purchasing an additional 1,483 shares in the last quarter. 5.28% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Nokia

Here are the key news stories impacting Nokia this week:

• Positive Sentiment: AI and cloud demand drove a major earnings beat. Third-quarter revenue increased approximately 10% year over year to €5.154 billion, while comparable operating profit rose 35% to €605 million. Sales to AI and cloud customers surged 123%, with IP Networks revenue up 43% and Optical Networks revenue up 18%. Nokia's Q3 Earnings Beat Estimates on AI & Cloud Strength
• Positive Sentiment: Fourth-quarter guidance was broadly in line with expectations. Nokia projected fourth-quarter revenue of $7.1 billion to $7.4 billion, compared with the $7.3 billion consensus estimate, helping reinforce expectations for continued demand from data-center and AI infrastructure customers.
• Positive Sentiment: AI networking initiatives are expanding Nokia’s growth opportunity. Collaborations with NVIDIA, Supermicro, Elisa and others are advancing AI-RAN toward commercial deployment, while Nokia is using Cadence’s AI tools to accelerate electronic system design. Cadence AI Super Agents Enable Nokia to Accelerate Electronic System Design
• Neutral Sentiment: Rosenblatt maintained a Buy rating but reduced its price target. The target was lowered from $15 to $14, suggesting analysts see substantial upside while acknowledging valuation or execution risks.
• Negative Sentiment: Supply-chain inflation and cash-flow concerns temper the results. Nokia’s CEO described supply constraints as a structural cost increase, not merely a temporary shortage, and said the traditional telecom market may remain flat. The stock also faced broader selling across AI-related technology shares despite the earnings beat. Why Nokia Sank Today

About Nokia

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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