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Nokia Oyj (NOK) Stock Forecast & Price Target

$3.99
+0.05 (+1.27%)
(As of 07/12/2024 ET)

Nokia Oyj - Analysts' Recommendations and Stock Price Forecast (2024)

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.

Consensus Rating

Consensus Price Target

$4.42
10.65% Upside
High Forecast$6.00
Average Forecast$4.42
Low Forecast$3.40
TypeCurrent Forecast
7/15/23 to 7/14/24
1 Month Ago
6/15/23 to 6/14/24
3 Months Ago
4/16/23 to 4/15/24
1 Year Ago
7/15/22 to 7/15/23
Consensus Rating
Hold
Hold
Hold
Hold
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
2 Buy rating(s)
2 Buy rating(s)
2 Buy rating(s)
5 Buy rating(s)
Hold
4 Hold rating(s)
4 Hold rating(s)
4 Hold rating(s)
6 Hold rating(s)
Sell
2 Sell rating(s)
2 Sell rating(s)
2 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$4.42$4.42$5.06$6.35
Forecasted Upside10.65% Upside31.34% Upside49.41% Upside48.31% Upside
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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.
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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.
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Nokia Oyj Stock vs. The Competition

TypeNokia OyjComputer and Technology CompaniesS&P 500
Consensus Rating Score
2.00
2.61
2.50
Consensus RatingHoldModerate BuyModerate Buy
Predicted Upside10.65% Upside299.60% Upside9.17% Upside
News Sentiment RatingNeutral News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
4/16/2024JPMorgan Chase & Co.
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 Lower TargetNeutral ➝ Neutral$4.39 ➝ $4.26+26.79%
1/19/2024Barclays
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 DowngradeEqual Weight ➝ Underweight
1/12/2024BNP Paribas
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 Initiated CoverageNeutral
12/18/2023The Goldman Sachs Group
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 DowngradeBuy ➝ Neutral$5.10 ➝ $3.40+4.29%
12/15/2023Citigroup
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 Reiterated RatingBuy ➝ Sell
12/13/2023Raymond James
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 Lower TargetOutperform ➝ Outperform$4.50 ➝ $4.00+23.84%
12/8/2023Jefferies Financial Group
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 DowngradeBuy ➝ Hold
10/3/2023DNB Markets
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 UpgradeHold ➝ Buy
7/17/2023Northland Securities
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 Lower Target$7.00 ➝ $6.00+56.66%
1/31/2023UBS Group
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 DowngradeBuy ➝ Neutral
11/9/2022Deutsche Bank Aktiengesellschaft
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 Lower TargetBuy ➝ Buy€6.00 ➝ €5.50
11/8/2022Morgan Stanley
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 Initiated CoverageEqual Weight
10/25/2022Societe Generale
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 Lower TargetBuy ➝ Buy€5.80 ➝ €5.40
9/26/2022Redburn Partners
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Joseph Zhou
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Initiated CoverageBuy$6.70+58.39%
9/15/2022Credit Suisse Group
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 UpgradeNeutral ➝ Outperform
7/22/2022Cheuvreux
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 DowngradeBuy ➝ Hold
7/22/2022Kepler Capital Markets
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 DowngradeBuy ➝ Hold

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 01:08 AM ET.

NOK Forecast - Frequently Asked Questions

What is Nokia Oyj's forecast for 2024?

According to the research reports of 8 Wall Street equities research analysts, the average twelve-month stock price forecast for Nokia Oyj is $4.42, with a high forecast of $6.00 and a low forecast of $3.40.

Should I buy or sell Nokia Oyj stock right now?

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Nokia Oyj in the last year. There are currently 2 sell ratings, 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" NOK shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NOK, but not buy additional shares or sell existing shares.

Does Nokia Oyj's stock price have much upside?

According to analysts, Nokia Oyj's stock has a predicted upside of 31.34% based on their 12-month stock forecasts.

What analysts cover Nokia Oyj?

Nokia Oyj has been rated by research analysts at JPMorgan Chase & Co. in the past 90 days.

Do Wall Street analysts like Nokia Oyj more than its competitors?

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


This page (NYSE:NOK) was last updated on 7/14/2024 by MarketBeat.com Staff

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