Nokia Corporation (NYSE:NOK) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• Analysts rate Nokia a “Moderate Buy”: Of 18 analysts, 13 recommend buying, three advise holding and two recommend selling. The average 12-month price target is $12.57, with recent upgrades including JPMorgan’s target increase to $21.
• AI and cloud are driving growth: Nokia’s quarterly revenue rose 8.4% year over year to $5.50 billion, while AI and Cloud sales reportedly surged 105%. Planned AI-RAN and 6G trials with Nvidia and T-Mobile could create further infrastructure demand.
• Execution and valuation remain risks: Nokia posted negative second-quarter free cash flow and declining net cash, while its roughly 200% three-year share gain and elevated price-to-earnings ratio raise valuation concerns.

Nokia Corporation (NYSE:NOK - Get Free Report) has received a consensus rating of "Moderate Buy" from the eighteen ratings firms that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, three have given a hold recommendation and thirteen have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $12.5671.

NOK has been the subject of a number of recent analyst reports. Morgan Stanley reissued an "overweight" rating on shares of Nokia in a report on Friday, May 22nd. JPMorgan Chase & Co. boosted their price target on Nokia from $14.00 to $21.00 and gave the stock an "overweight" rating in a research report on Friday, June 12th. Northland Securities set a $20.00 price target on Nokia in a research note on Wednesday, June 3rd. Weiss Ratings reissued a "hold (c)" rating on shares of Nokia in a report on Tuesday, June 9th. Finally, Danske upgraded shares of Nokia from a "hold" rating to a "buy" rating in a research note on Wednesday, July 1st.

Institutional Trading of Nokia

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Pzena Investment Management LLC boosted its holdings in shares of Nokia by 14.5% in the fourth quarter. Pzena Investment Management LLC now owns 91,942,507 shares of the technology company's stock valued at $594,868,000 after acquiring an additional 11,612,590 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Nokia by 9.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 47,321,058 shares of the technology company's stock worth $306,167,000 after purchasing an additional 3,896,363 shares in the last quarter. ARGA Investment Management LP lifted its position in Nokia by 166.4% in the first quarter. ARGA Investment Management LP now owns 20,388,202 shares of the technology company's stock worth $163,921,000 after purchasing an additional 12,734,021 shares during the period. Alyeska Investment Group L.P. lifted its position in Nokia by 171.0% in the fourth quarter. Alyeska Investment Group L.P. now owns 17,490,101 shares of the technology company's stock worth $113,161,000 after purchasing an additional 11,035,002 shares during the period. Finally, Analog Century Management LP bought a new position in Nokia during the 4th quarter valued at $104,244,000. 5.28% of the stock is currently owned by institutional investors.

Nokia News Roundup

Here are the key news stories impacting Nokia this week:

• Positive Sentiment: Nokia’s AI and cloud business remains the primary growth catalyst. Second-quarter revenue increased about 8% year over year, while AI and Cloud net sales surged 105%, supporting the company’s 2026 operating outlook and helping sustain the stock’s strong long-term performance. Why Nokia Is Still a Buy After Q2 Earnings Report and Stock Pullback
• Positive Sentiment: Investors are also watching planned AI-RAN and 6G trials involving Nvidia and T-Mobile. Successful real-world deployments could validate Nokia’s role in AI-enabled telecom infrastructure and create additional demand opportunities. What the Coming 6G Trials With Nvidia and T-Mobile Could Mean for Nokia Investors
• Positive Sentiment: Nokia’s relative strength compared with other optics and networking stocks suggests investors continue to favor its exposure to AI-driven communications infrastructure. Optics Stocks Divide: Coherent and Cisco Drop After Earnings While Nokia and Ciena Soar
• Neutral Sentiment: Analysts see a mixed valuation picture: a discounted-cash-flow model indicates potential upside, but conventional valuation multiples suggest the stock may already be expensive after its roughly 200% three-year return. Nokia Stock Seems Undervalued During Its Three-Year Run
• Neutral Sentiment: A comparison with Verizon highlights Nokia’s higher-growth AI and infrastructure exposure, but also underscores that the two telecom investments carry different risk and income profiles. Verizon vs. Nokia
• Negative Sentiment: Despite strong earnings growth, Nokia generated negative free cash flow in the second quarter and its net cash position declined. The recovery therefore depends on sustained AI-related orders and strong execution, while lumpy order timing could increase volatility. Nokia Rebound After the Purge

Nokia Trading Up 0.2%

Shares of NYSE:NOK opened at $10.79 on Monday. The company has a quick ratio of 1.22, a current ratio of 1.50 and a debt-to-equity ratio of 0.09. The company's 50-day moving average price is $11.64 and its 200 day moving average price is $10.60. The company has a market cap of $61.93 billion, a PE ratio of 77.04, a P/E/G ratio of 1.27 and a beta of 1.19. Nokia has a fifty-two week low of $4.16 and a fifty-two week high of $17.45.

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

Nokia Company Profile

Nokia Corporation, headquartered in Espoo, Finland, is a global telecommunications and technology company with roots dating back to 1865. Over its long history the company moved from forestry and cable operations into electronics and telecommunications, becoming widely known in the 1990s and 2000s for its mobile phones. In recent years Nokia refocused its business toward network infrastructure, software and technology licensing, and research and development, following the divestiture of its handset manufacturing business and the acquisition of Alcatel‑Lucent in 2016, which brought Bell Labs into its portfolio.

Today Nokia's core activities center on designing, building and supporting communications networks and related software.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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