Nokia (NOK) Stock Forecast & Price Target

Q: What analysts cover Nokia?

Nokia has been rated by research analysts at Danske , JPMorgan Chase & Co. , and Weiss Ratings in the past 90 days.

$9.76 -0.08 (-0.81%)

As of 03:58 PM Eastern

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Nokia - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Moderate Buy

Based on 17 Analyst Ratings

Sell
2

Hold
3

Buy
12

Based on 17 Wall Street analysts who have issued ratings for Nokia in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 17 analysts, 2 have given a sell rating, 3 have given a hold rating, and 12 have given a buy rating for NOK.

Consensus Price Target

$13.83
41.68% Upside

According to the 17 analysts' twelve-month price targets for Nokia, the average price target is $13.83. The highest price target for NOK is $21.00, while the lowest price target for NOK is $6.57. The average price target represents a forecasted upside of 41.68% from the current price of $9.76.

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

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NOK Analyst Ratings Over Time

Type	Current Forecast 9/3/25 to 9/3/26	1 Month Ago 8/4/25 to 8/4/26	3 Months Ago 6/5/25 to 6/5/26	1 Year Ago 9/3/24 to 9/3/25
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	12 Buy rating(s)	13 Buy rating(s)	12 Buy rating(s)	5 Buy rating(s)
Hold	3 Hold rating(s)	3 Hold rating(s)	4 Hold rating(s)	0 Hold rating(s)
Sell	2 Sell rating(s)	2 Sell rating(s)	2 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$13.83	$12.57	$10.71	$5.62
Forecasted Upside	41.68% Upside	26.68% Upside	-25.29% Downside	28.46% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

NOK Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

NOK Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Nokia Stock vs. The Competition

Type	Nokia	Technology Companies	Broader Market
Consensus Rating Score	2.59	2.23	2.53
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	41.68% Upside	400.92% Upside	13.66% Upside
News Sentiment Rating	Neutral News See Recent NOK News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

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Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
7/1/2026	Danske 2 of 5 stars		Upgrade	Hold ➝ Buy
6/12/2026	JPMorgan Chase & Co. 3 of 5 stars	Sandeep Deshpande Not Rated	Boost Target	Overweight	$14.00 ➝ $21.00	+41.65%
6/9/2026	Weiss Ratings 5 of 5 stars		Reiterated Rating	Hold (C)
6/3/2026	Northland Securities Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Tim Savageaux Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Set Target		$20.00	+16.28%
5/22/2026	Morgan Stanley Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Overweight
5/15/2026	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Buy
4/29/2026	Barclays Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Underweight
4/29/2026	Arete Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Neutral ➝ Buy
4/27/2026	Argus Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Jim Kelleher Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Upgrade	Hold ➝ Buy	$15.00	+43.61%
4/24/2026	Nordea Equity Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold ➝ Buy
Get the Latest News and Ratings for NOK and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Nokia and its competitors with MarketBeat's FREE daily newsletter.
4/13/2026	Bank of America Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Neutral ➝ Buy	$12.40	+31.01%
3/30/2026	The Goldman Sachs Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Sell ➝ Neutral
2/2/2026	Santander Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Neutral ➝ Outperform
1/23/2026	Citigroup Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Sell
1/7/2026	Kepler Capital Markets Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold ➝ Buy
11/20/2025	New Street Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Set Target		$6.57	+10.98%
10/28/2025	UBS Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Neutral
10/28/2025	Jefferies Financial Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Janardan Menon Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Upgrade	Hold ➝ Buy
10/23/2025	Raymond James Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Outperform
9/3/2025	BNP Paribas Exane Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Neutral ➝ Outperform	$5.00	+17.79%
1/6/2025	Craig Hallum Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Christian Schwab Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Buy	$6.00 ➝ $7.00	+53.85%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 12:32 AM ET.

Should I Buy Nokia Stock? NOK Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Tuesday, September 1, 2026. Please send any questions or comments about these Nokia pros and cons to contact@marketbeat.com.

Nokia
Bull Case

Here are some ways that investors could benefit from investing in Nokia Oyj:

Nokia Oyj is set to rejoin the blue-chip Euro Stoxx 50 index, a significant milestone that signals renewed confidence in the company's market capitalization and stability among major European institutional investors.
The company is expanding its AI capabilities by opening a new research and development center in Riyadh, Saudi Arabia, which will focus on AI-powered network automation and orchestration software to help communications networks operate more autonomously and efficiently.
Wall Street analysts maintain a consensus rating of Moderate Buy with a price target of $12.57, which represents a potential upside of approximately 27% from the current stock price of $9.91.
Recent financial results show strong momentum, with the company reporting revenue of $5.50 billion in the most recent quarter, an 8.4% increase year-over-year, and earnings per share of $0.08 that exceeded the consensus estimate of $0.07.
Short interest in the stock has decreased significantly over the past several months, dropping from over 66 million shares in May to approximately 43 million shares in August, suggesting that investors are covering their short positions and reducing bearish bets on the stock.

Nokia
Bear Case

Investors should be bearish about investing in Nokia Oyj for these reasons:

The company is facing significant geopolitical and competitive pressure in the telecom equipment sector, highlighted by reports that Nokia is exiting or further reducing its presence in the Chinese market, which limits its exposure to a major global economy.
Despite the recent revenue growth, the company's profit margin remains relatively thin, with a net margin of 3.49% in the most recent quarter, indicating that a large portion of revenue is consumed by operating costs and investments.
The stock is trading at a high valuation relative to its earnings, with a Price-to-Earnings ratio of 70.79, which may leave little room for error if future earnings growth does not accelerate to justify the premium price.
There is internal controversy regarding the company's research and development priorities, as former executives have publicly criticized recent cuts to Bell Labs, raising concerns about the long-term sustainability of Nokia's innovation pipeline.
The stock has experienced high volatility and a significant pullback from its 52-week high of $17.45, currently trading at $9.91, which reflects the market's uncertainty regarding the company's ability to sustain its recent growth trajectory.

NOK Forecast - Frequently Asked Questions

According to the research reports of 17 Wall Street equities research analysts, the average twelve-month stock price forecast for Nokia is $13.83, with a high forecast of $21.00 and a low forecast of $6.57.

17 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Nokia in the last twelve months. There are currently 2 sell ratings, 3 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" NOK shares.

According to analysts, Nokia's stock has a predicted upside of 41.68% based on their 12-month stock forecasts.

Over the previous 90 days, Nokia's stock had 1 upgrade by analysts.

Nokia has been rated by research analysts at Danske, JPMorgan Chase & Co., and Weiss Ratings in the past 90 days.

Analysts like Nokia more than other "technology" companies. The consensus rating for Nokia is Moderate Buy while the average consensus rating for "technology" companies is Hold. Learn more on how NOK compares to other companies.

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Brokerages With Nokia Recommendations

MarketBeat monitors more than a dozen sources for Nokia analyst ratings, with the most recent rating issued on 7/1/2026.

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Nokia (NOK) Stock Forecast & Price Target