Nokia (NYSE:NOK) Upgraded to Buy at Wall Street Zen

Key Points

• Wall Street Zen upgraded Nokia to a "Buy", joining several brokerages (including Nordea, Santander and Morgan Stanley) that have recently raised ratings or price targets, leaving the consensus as a Moderate Buy with an average target around $8.83.
• Nokia reported a strong Q1—comparable operating profit jumped (~54%) and the company booked roughly €1B in AI/data‑center orders while AI and Optical Networks sales accelerated, prompting a raised Network Infrastructure outlook (~12–14%) and renewed investor interest.
• However, risks remain: short interest rose about 24% (to ~68.2M shares) and management warned of semiconductor supply and regional (Europe vs. US/China) timing risks that could constrain growth or margins.

Nokia (NYSE:NOK - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a report released on Saturday.

Several other brokerages also recently commented on NOK. Nordea Equity Research upgraded shares of Nokia from a "hold" rating to a "buy" rating in a research report on Friday. Santander upgraded shares of Nokia from a "neutral" rating to an "outperform" rating in a report on Monday, February 2nd. Morgan Stanley began coverage on shares of Nokia in a report on Monday, February 9th. They issued an "overweight" rating and a $8.00 price target on the stock. Northland Securities set a $13.00 price target on shares of Nokia in a report on Monday. Finally, Argus upgraded shares of Nokia to a "hold" rating in a report on Wednesday, February 11th. Ten investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $8.83.

Nokia Stock Up 1.1%

Shares of NOK stock opened at $10.45 on Friday. The company has a market capitalization of $59.98 billion, a price-to-earnings ratio of 65.29, a PEG ratio of 1.87 and a beta of 0.77. Nokia has a one year low of $4.00 and a one year high of $10.90. The company's fifty day moving average price is $8.58 and its 200-day moving average price is $7.17. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.58 and a quick ratio of 1.36.

Nokia (NYSE:NOK - Get Free Report) last announced its quarterly earnings data on Thursday, March 5th. The technology company reported $0.11 EPS for the quarter. The firm had revenue of $7.19 billion for the quarter. Nokia had a net margin of 4.02% and a return on equity of 9.22%. Sell-side analysts expect that Nokia will post 0.4 EPS for the current fiscal year.

Institutional Trading of Nokia

Institutional investors and hedge funds have recently bought and sold shares of the stock. Pzena Investment Management LLC raised its position in shares of Nokia by 14.5% during the 4th quarter. Pzena Investment Management LLC now owns 91,942,507 shares of the technology company's stock valued at $594,868,000 after buying an additional 11,612,590 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in Nokia by 9.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 47,321,058 shares of the technology company's stock worth $306,167,000 after acquiring an additional 3,896,363 shares in the last quarter. Alyeska Investment Group L.P. increased its stake in Nokia by 171.0% during 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 acquiring an additional 11,035,002 shares during the last quarter. Folketrygdfondet increased its stake in Nokia by 66.6% during the third quarter. Folketrygdfondet now owns 17,380,530 shares of the technology company's stock worth $83,600,000 after acquiring an additional 6,950,487 shares during the last quarter. Finally, Analog Century Management LP bought a new stake in Nokia during the fourth quarter worth approximately $104,244,000. 5.28% of the stock is currently owned by institutional investors.

Key Stories Impacting Nokia

Here are the key news stories impacting Nokia this week:

• Positive Sentiment: Q1 beat and profit jump — Nokia reported stronger-than-expected comparable operating profit (up ~54%) and booked ~€1B in AI/data‑center orders, driving revenue strength and investor enthusiasm. Article Title
• Positive Sentiment: AI & Optical Networks acceleration — Net sales from AI & Cloud customers jumped ~49% and Optical Networks grew ~20%; Nokia raised its Network Infrastructure sales outlook (now ~12–14% growth), signaling multi‑year tailwinds from hyperscaler demand. Article Title
• Positive Sentiment: Analyst upgrade — Northland lifted its price target (to $13 from $10), citing accelerating AI-related optical connectivity demand, which supports further upside sentiment. Article Title
• Positive Sentiment: Retail interest / re-rating — Retail traders piled into the stock after the AI-driven beat, helping push shares toward multi‑year highs and increasing momentum. Article Title
• Neutral Sentiment: Mixed headline numbers — EPS matched consensus ($0.06) while revenue was stronger on some metrics but mixed across segments; the quarter shows progress but not uniform beats. Article Title
• Neutral Sentiment: Guidance nuances — Nokia issued a Q2 revenue range (~$5.5–$5.7B) that sits around consensus but lacks clear EPS detail in the release, leaving some guidance uncertainty for near‑term estimates. Article Title
• Negative Sentiment: Short interest rose sharply — Short interest grew ~24% in April to ~68.2M shares; while days‑to‑cover is low (~0.7), the increase signals some investor skepticism and could pressure shares if negative news follows.
• Negative Sentiment: Supply and regional risks — Management flagged semiconductor supply and fixed‑network challenges, and warned Europe may lag the US/China on AI data‑center buildout, which could limit addressable market or margin expansion. Article Title

About Nokia

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.

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