Nokia Corporation (NYSE:NOK) Stock Has Consensus Price Target of $14.12 According to Brokerages

Nokia Corporation (NYSE:NOK) has been given an average rating of “Moderate Buy” by the nineteen analysts that are presently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $14.12.

A number of equities analysts have commented on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Nokia in a research note on Friday, September 4th. B. Riley Financial began coverage on shares of Nokia in a research note on Thursday, September 17th. They issued a “buy” rating and a $15.00 price target for the company. Danske upgraded shares of Nokia from a “hold” rating to a “buy” rating in a report on Wednesday, July 1st. JPMorgan Chase & Co. lifted their price target on shares of Nokia from $14.00 to $21.00 and gave the company an “overweight” rating in a research report on Friday, June 12th. Finally, Rosenblatt Securities assumed coverage on Nokia in a report on Tuesday, September 15th. They issued a “buy” rating and a $15.00 price objective on the stock.

Hedge Funds Weigh In On Nokia

A number of hedge funds have recently modified their holdings of NOK. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Nokia by 9.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 47,321,058 shares of the technology company’s stock worth $306,167,000 after acquiring an additional 3,896,363 shares during the last quarter. ARGA Investment Management LP raised its position in Nokia by 166.4% in the first quarter. ARGA Investment Management LP now owns 20,388,202 shares of the technology company’s stock valued at $163,921,000 after purchasing an additional 12,734,021 shares during the period. Analog Century Management LP acquired a new position in Nokia during the fourth quarter worth $104,244,000. Renaissance Technologies LLC lifted its stake in Nokia by 131.3% during the first quarter. Renaissance Technologies LLC now owns 13,294,780 shares of the technology company’s stock worth $106,890,000 after purchasing an additional 7,546,000 shares in the last quarter. Finally, Troluce Capital Advisors LLC purchased a new position in shares of Nokia during the first quarter worth $20,100,000. 5.28% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Nokia

Here are the key news stories impacting Nokia this week:

• Positive Sentiment: AI infrastructure remains the key growth narrative. CEO Justin Hotard said AI demand is still well ahead of supply, supporting Nokia’s positioning in networking equipment and data-center infrastructure. Analysts have also raised modeled fair value from €7.39 to €10.72, citing Nokia’s role in AI and cloud infrastructure and approximately €2.8 billion in order intake. Nokia’s CEO Issues Bullish Verdict on AI Infrastructure Growth as NOK Stock Doubles Nokia Stock Fair Value Rises After AI and Cloud Analyst Optimism
• Positive Sentiment: Arelion completed a live Nokia optical-network trial on a 500-kilometer Amsterdam–London route. Nokia’s 1830 Global Express system and coherent optics demonstrated expanded spectrum, higher capacity and potentially better cost efficiency for wholesale, hyperscale and enterprise customers. Arelion Partners With Nokia to Demonstrate Expanded Optical Spectrum and Backbone Capacity
• Positive Sentiment: Nokia is pursuing additional growth markets. The company is pivoting toward Nvidia-backed AI radio-access networks in India and partnering with ICEYE on secure low-Earth-orbit broadband systems for governments, potentially expanding its exposure to AI, defense and sovereign communications. Nokia Pivots to Nvidia-Backed AI Radio Access Networks for India Nokia Targets Sovereign Satellite Communications for Governments
• Neutral Sentiment: Nokia’s planned 4G lunar-network work with NASA and recognition of employee Teemu Itälä reinforce its technology and innovation profile, but neither development is likely to have a material near-term earnings effect. Nokia and NASA Team Up to Bring 4G to the Moon
• Negative Sentiment: Analysts continue to flag cyclical telecom spending, intense competition and execution risk despite Nokia’s AI opportunity. The company is also ending its MoCA-based broadband partnership with InCoax because of limited market interest, indicating that not all connectivity initiatives are gaining traction. With the stock having already risen substantially over six months, investors may be taking profits while waiting for AI-related revenue to convert into sustained earnings.

Nokia Price Performance

NOK stock opened at $10.13 on Tuesday. Nokia has a 1 year low of $5.11 and a 1 year high of $17.45. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.50 and a quick ratio of 1.22. The firm has a market capitalization of $58.20 billion, a PE ratio of 72.39, a price-to-earnings-growth ratio of 1.26 and a beta of 1.19. The business has a 50 day simple moving average of $10.22 and a 200-day simple moving average of $11.38.

Nokia (NYSE:NOK) last issued its earnings results on Thursday, July 23rd. The technology company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.01. Nokia had a return on equity of 9.83% and a net margin of 3.49%.The business had revenue of $5.50 billion during the quarter, compared to the consensus estimate of $5.57 billion. During the same period last year, the company earned $0.04 EPS. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. Equities research analysts anticipate that Nokia will post 0.39 earnings per share for the current fiscal year.

About Nokia

Nokia Oyj is a Finland-based technology company that develops and supplies communications networking equipment, software and related services. Its offerings support mobile and fixed broadband networks, including radio access networks, core networks, fiber and other fixed-access technologies, IP routing, optical networking, private wireless systems, cloud networking and network automation.

The company serves telecommunications operators, governments, enterprises and other organizations worldwide.