Nokia (NOK) Stock Forecast & Price Target

Nokia
Bull Case

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

• Nokia Oyj is currently trading at $10.83, which is significantly below the consensus price target of $14.12, suggesting substantial upside potential for investors who believe in the company's long-term growth trajectory.
• The company has secured a strategic partnership and $1 billion equity investment from NVIDIA to build next-generation AI-native mobile networks, positioning Nokia Oyj as a key player in the rapidly expanding AI infrastructure market.
• Recent financial results show strong momentum, with Q2 2026 AI and Cloud revenues growing 105% to €446 million and total orders reaching €2.8 billion, indicating robust demand for its optical networking solutions.
• Nokia Oyj has expanded its collaboration with Microsoft to integrate its Data Suite with Microsoft Fabric, enabling telecom operators to automate network operations and support agentic AI use cases, which enhances its software and services revenue stream.
• Wall Street sentiment remains positive, with a consensus rating of "Moderate Buy" and recent upgrades from firms like B. Riley Financial and Rosenblatt Securities, both of which initiated coverage with "Buy" ratings and $15.00 price targets.