Nokia (NOK) Stock Forecast & Price Target

Q: What analysts cover Nokia?

Nokia has been rated by research analysts at Danske , Rosenblatt Securities , and Weiss Ratings in the past 90 days.

$10.14 +0.30 (+3.06%)

Closing price 03:59 PM Eastern

Extended Trading

$10.28 +0.14 (+1.41%)

As of 06:58 PM Eastern

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

Consensus Rating

Moderate Buy

Based on 18 Analyst Ratings

Sell
2

Hold
3

Buy
13

Based on 18 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 18 analysts, 2 have given a sell rating, 3 have given a hold rating, 12 have given a buy rating, and 1 has given a strong buy rating for NOK.

Consensus Price Target

$14.00
38.01% Upside

According to the 18 analysts' twelve-month price targets for Nokia, the average price target is $14.00. 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 38.01% from the current price of $10.14.

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 9/16/25 to 9/16/26	1 Month Ago 8/17/25 to 8/17/26	3 Months Ago 6/18/25 to 6/18/26	1 Year Ago 9/16/24 to 9/16/25
Strong Buy	1 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	$14.00	$12.57	$12.57	$5.62
Forecasted Upside	38.01% Upside	16.25% Upside	-7.01% Downside	21.91% 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	2.67	2.23	2.53
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	40.72% Upside	422.71% Upside	18.13% Upside
News Sentiment Rating	Positive 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
9/15/2026	Rosenblatt Securities 5 of 5 stars	Mike Genovese 5 of 5 stars	Initiated Coverage	Buy	$15.00	+55.04%
9/4/2026	Weiss Ratings 5 of 5 stars		Reiterated Rating	Hold (C)
7/1/2026	Danske 2 of 5 stars		Upgrade	Hold ➝ Buy
6/12/2026	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Sandeep Deshpande Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Overweight	$14.00 ➝ $21.00	+41.65%
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%
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.
4/24/2026	Nordea Equity Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold ➝ Buy
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 Wednesday at 06:58 PM 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 Sunday, September 13, 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 has launched its commercially available Cognitive Operations platform, which unifies mission-critical communications, edge computing, and operational AI into a single field-deployable system. This new offering targets high-value sectors such as mining, construction, public safety, and defense, potentially expanding the company's addressable market beyond traditional telecommunications and supporting longer-term growth in software and services revenue.
The stock is currently trading at $11.15, which is significantly below the average one-year price objective of $13.83 set by seventeen brokerages covering the firm. This valuation gap suggests that the market may be undervaluing the company's recent strategic pivots and product launches, offering potential upside for investors who align with the "Moderate Buy" consensus rating held by the majority of analysts.
Nokia Oyj reported strong financial performance in its most recent quarterly results, with earnings per share of $0.08, which exceeded the analyst consensus estimate of $0.07. Additionally, the company demonstrated solid top-line growth with revenue of $5.50 billion, representing an 8.4% increase on a year-over-year basis, indicating that the company is successfully driving demand for its network infrastructure and services.
Recent collaborations, such as the partnership with Rajant to combine Kinetic Mesh networking with Nokia's distributed edge AI, position the company as a leader in resilient, intelligent communications for mission-critical enterprises. These strategic alliances reinforce Nokia Oyj's credentials in the AI and edge computing space, potentially attracting new enterprise clients and differentiating the company from competitors in the crowded networking equipment market.
Short interest in Nokia Oyj has shown a downward trend in recent months, with shares shorted decreasing from 66.66 million in May 2026 to 58.01 million by August 2026. A reduction in short interest often signals that investors are becoming more confident in the stock's future performance, as fewer market participants are betting against the company, which can contribute to price stability and potential upward momentum.

Nokia
Bear Case

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

Nokia Oyj is trading at a P/E ratio of 79.61, which is significantly higher than typical valuations for the communications equipment industry. This high multiple implies that the stock price is priced for substantial future growth, and any disappointment in earnings or revenue growth could lead to a significant correction, as the current valuation leaves little room for error in the company's execution.
The company's revenue of $5.50 billion in the most recent quarter fell short of the analyst consensus estimate of $5.57 billion. While the company beat earnings expectations, the miss on the top line suggests that demand for its core products may not be as robust as anticipated, which could pressure future revenue growth and limit the company's ability to meet the high expectations embedded in its current stock price.
Nokia Oyj has a beta of 1.21, indicating that the stock is more volatile than the overall market. This higher sensitivity to market movements means that investors may experience greater price swings, particularly during periods of economic uncertainty or sector-specific downturns, making the investment riskier for those with a lower tolerance for volatility.
Despite recent positive developments, the stock is trading 36% below its 52-week high of $17.45. This significant drawdown from peak levels suggests that the market has already priced in some negative sentiment or concerns about the company's long-term prospects, and recovering to previous highs may require sustained outperformance and positive catalysts that have not yet materialized.
While hedge funds have been adding to their positions, the overall institutional ownership percentage remains relatively low at 5.28%. This suggests that a significant portion of the stock is held by retail investors or other non-institutional entities, which can lead to less stable trading patterns and potentially higher volatility compared to stocks with higher institutional ownership and more consistent long-term capital support.

NOK Forecast - Frequently Asked Questions

According to the research reports of 18 Wall Street equities research analysts, the average twelve-month stock price forecast for Nokia is $14.00, with a high forecast of $21.00 and a low forecast of $6.57.

18 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Nokia in the last year. There are currently 2 sell ratings, 3 hold ratings, 12 buy ratings and 1 strong buy rating 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 38.01% based on their 12-month stock forecasts.

Over the previous 90 days, Nokia's stock had 2 upgrades by analysts.

Nokia has been rated by research analysts at Danske, Rosenblatt Securities, 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 9/15/2026.

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Nokia (NOK) Stock Forecast & Price Target