Nokia (NOK) Stock Forecast & Price Target

Q: What analysts cover Nokia?

Nokia has been rated by research analysts at Danske , Deutsche Bank Aktiengesellschaft , JPMorgan Chase & Co. , Morgan Stanley , Northland Securities , and Weiss Ratings in the past 90 days.

$9.57 -0.35 (-3.48%)

Closing price 08/5/2026 03:59 PM Eastern

Extended Trading

$9.59 +0.01 (+0.10%)

As of 05:46 AM 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, and 13 have given a buy rating for NOK.

Consensus Price Target

$12.57
31.25% Upside

According to the 18 analysts' twelve-month price targets for Nokia, the average price target is $12.57. The highest price target for NOK is $21.00, while the lowest price target for NOK is $5.00. The average price target represents a forecasted upside of 31.25% from the current price of $9.58.

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 8/6/25 to 8/6/26	1 Month Ago 7/7/25 to 7/7/26	3 Months Ago 5/8/25 to 5/8/26	1 Year Ago 8/6/24 to 8/6/25
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	13 Buy rating(s)	13 Buy rating(s)	12 Buy rating(s)	4 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	$12.57	$12.57	$9.71	$5.78
Forecasted Upside	31.25% Upside	6.29% Upside	-24.21% Downside	40.34% 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	2.61	2.24	2.52
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	31.25% Upside	462.17% Upside	11.55% 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
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 Thursday at 05:48 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, August 4, 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 shown a strong quarterly revenue growth of 8.4% year-over-year, indicating a positive trend in its financial performance.
The company is focusing on network infrastructure and cloud services, which are critical areas in the telecommunications industry, positioning itself well for future growth.
Nokia Oyj's current stock price is around $5, making it an attractive option for investors looking for value in the communications equipment sector.
With a projected earnings per share (EPS) of 0.41 for the current fiscal year, the company is expected to generate solid profits, which can lead to potential dividends for shareholders.
The acquisition of Alcatel-Lucent has strengthened Nokia Oyj's capabilities in research and development, enhancing its competitive edge in technology and innovation.

Nokia
Bear Case

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

Despite recent revenue growth, Nokia Oyj faces intense competition in the telecommunications sector, which could impact its market share and profitability.
The company has undergone significant restructuring in recent years, which may lead to uncertainties regarding its long-term strategic direction.
Nokia Oyj's reliance on government contracts and large telecommunications providers can make it vulnerable to changes in public policy and market dynamics.
Investors may be concerned about the company's ability to maintain its growth momentum in a rapidly evolving technology landscape.
Market sentiment can be volatile, and any negative news or earnings reports could lead to fluctuations in the stock price, affecting investor confidence.

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 $12.57, with a high forecast of $21.00 and a low forecast of $5.00.

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Nokia in the last year. There are currently 2 sell ratings, 3 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" NOK shares.

According to analysts, Nokia's stock has a predicted upside of 31.25% 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, Deutsche Bank Aktiengesellschaft, JPMorgan Chase & Co., Morgan Stanley, Northland 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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This page (NYSE:NOK) was last updated on 8/6/2026 by MarketBeat.com Staff.

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Nokia (NOK) Stock Forecast & Price Target