Analysts Set Nokia Corporation (NYSE:NOK) Price Target at $7.91

Shares of Nokia Corporation (NYSE:NOK) have received an average recommendation of “Moderate Buy” from the sixteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and nine have given a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $7.9117.

NOK has been the topic of several research reports. Citigroup restated a “sell” rating on shares of Nokia in a research report on Friday, January 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of Nokia in a research note on Monday, December 22nd. Morgan Stanley began coverage on Nokia in a research report on Monday, February 9th. They set an “overweight” rating and a $8.00 price target on the stock. Argus raised Nokia to a “hold” rating in a research note on Wednesday, February 11th. Finally, Arete Research cut Nokia from a “buy” rating to a “neutral” rating in a report on Friday, March 13th.

Key Stories Impacting Nokia

Here are the key news stories impacting Nokia this week:

• Positive Sentiment: Bank of America upgraded Nokia, sparking buying and analyst-driven momentum that helped lift shares. Nokia (NYSE:NOK) Stock Rating Upgraded by Bank of America
• Positive Sentiment: Nokia expanded a strategic AI?RAN initiative with Orange (and NVIDIA technology), positioning it to capture operator spending on AI-driven radio-network upgrades and differentiation. Orange pairs with Nokia to push AI RAN development
• Positive Sentiment: Industry recognition: ABI Research named Nokia a leader in network API platforms, reinforcing its edge in 5G standalone automation and enterprise monetization opportunities. Nokia and Ericsson Named Leaders in ABI Research’s Network API Platforms
• Positive Sentiment: Customer win: Cinia will deploy Nokia’s advanced DDoS protection to defend Finland’s critical infrastructure — a tangible security contract that supports recurring software/service revenue. Nokia and Cinia partner to secure Finland’s critical infrastructure with advanced DDoS protection
• Neutral Sentiment: Proposed corporate action: Celestial announced a planned transaction to acquire/spin out Nokia’s space comms unit with a US$40M financing — could monetize a non?core asset but terms/timing remain uncertain. Celestial Announces Proposed Qualifying Transaction Spin-Out Acquisition
• Neutral Sentiment: Nokia appointed its first head of defense and continues to receive government-level attention (e.g., calls for more Canadian investment) — strategic positioning that could open defense and public-sector opportunities over time. Nokia appoints first defense head amid changing world order
• Negative Sentiment: Valuation/momentum concerns: multiple articles question whether NOK is a buy at 52?week highs and note the stock has surpassed some price targets — investors are weighing stretched multiples against future growth. Is Nokia Stock a Buy at 52-Week Highs?

Institutional Investors Weigh In On Nokia

Hedge funds have recently made changes to their positions in the business. Fifth Third Bancorp boosted its position in Nokia by 248.7% during the fourth quarter. Fifth Third Bancorp now owns 3,815 shares of the technology company’s stock valued at $25,000 after buying an additional 2,721 shares during the period. Wexford Capital LP bought a new stake in shares of Nokia in the 3rd quarter valued at about $29,000. FNY Investment Advisers LLC boosted its holdings in Nokia by 33,457.1% during the 4th quarter. FNY Investment Advisers LLC now owns 4,698 shares of the technology company’s stock valued at $30,000 after acquiring an additional 4,684 shares during the period. Dorato Capital Management purchased a new stake in Nokia during the 4th quarter valued at about $31,000. Finally, Caitong International Asset Management Co. Ltd bought a new position in Nokia during the 3rd quarter worth approximately $34,000. 5.28% of the stock is currently owned by institutional investors.

Nokia Price Performance

Nokia stock opened at $10.29 on Tuesday. The stock has a market cap of $59.06 billion, a price-to-earnings ratio of 79.12, a PEG ratio of 1.82 and a beta of 0.77. The company has a quick ratio of 1.36, a current ratio of 1.58 and a debt-to-equity ratio of 0.11. The business has a 50-day simple moving average of $8.19 and a 200 day simple moving average of $6.95. Nokia has a 52 week low of $4.00 and a 52 week high of $10.56.

Nokia (NYSE:NOK) last issued its quarterly earnings data on Thursday, March 5th. The technology company reported $0.11 EPS for the quarter. Nokia had a return on equity of 8.54% and a net margin of 3.41%.The company had revenue of $7.19 billion during the quarter. On average, research analysts forecast that Nokia will post 0.34 earnings per share for the current fiscal year.

About Nokia

Nokia Corporation, headquartered in Espoo, Finland, is a global telecommunications and technology company with roots dating back to 1865. Over its long history the company moved from forestry and cable operations into electronics and telecommunications, becoming widely known in the 1990s and 2000s for its mobile phones. In recent years Nokia refocused its business toward network infrastructure, software and technology licensing, and research and development, following the divestiture of its handset manufacturing business and the acquisition of Alcatel?Lucent in 2016, which brought Bell Labs into its portfolio.

Today Nokia’s core activities center on designing, building and supporting communications networks and related software.