Nokia (NYSE:NOK) Stock Price Up 5% on Analyst Upgrade

Nokia Corporation (NYSE:NOK)’s stock price rose 5% on Friday after JPMorgan Chase & Co. raised their price target on the stock from $14.00 to $21.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. Nokia traded as high as $15.07 and last traded at $14.80. Approximately 114,710,332 shares were traded during trading, an increase of 48% from the average daily volume of 77,618,406 shares. The stock had previously closed at $14.09.

A number of other brokerages also recently commented on NOK. The Goldman Sachs Group upgraded Nokia from a “sell” rating to a “neutral” rating in a report on Monday, March 30th. Morgan Stanley restated an “overweight” rating on shares of Nokia in a report on Friday, May 22nd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Nokia in a research report on Friday, May 15th. Arete Research raised shares of Nokia from a “neutral” rating to a “buy” rating in a research note on Wednesday, April 29th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Nokia in a research note on Tuesday. Twelve research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Nokia currently has a consensus rating of “Moderate Buy” and an average target price of $12.57.

Key Headlines Impacting Nokia

Here are the key news stories impacting Nokia this week:

• Positive Sentiment: JPMorgan Chase & Co. raised its price target on Nokia from $14.00 to $21.00 and kept an overweight rating, signaling confidence in roughly 42% upside from current levels.
• Positive Sentiment: Investors are reacting to Nokia’s new trust-based, agentic AI framework for its Network Services Platform, which could improve network operations, reduce troubleshooting time, and strengthen Nokia’s AI-driven product story. Article Title
• Positive Sentiment: Additional commentary from analysts and market coverage suggested Nokia could see faster order growth in 2026, with the company’s push into AI-powered networks viewed as a key longer-term growth driver.
• Positive Sentiment: Recent bullish research also highlighted Nokia’s optical networking transformation, margin expansion potential, and growing AI/cloud exposure as reasons the market may not yet be fully pricing in the upside.
• Neutral Sentiment: One Seeking Alpha piece took a more cautious view, arguing that AI is an opportunity but not a transformative miracle, which adds some balance to the bullish narrative.

Hedge Funds Weigh In On Nokia

A number of institutional investors have recently added to or reduced their stakes in the company. Militia Capital Management LLC bought a new position in Nokia in the first quarter worth $2,412,000. DV Trading LLC bought a new position in Nokia in the first quarter worth $111,000. Parallel Advisors LLC raised its holdings in Nokia by 40.1% in the first quarter. Parallel Advisors LLC now owns 43,189 shares of the technology company’s stock worth $347,000 after purchasing an additional 12,364 shares in the last quarter. NewEdge Advisors LLC raised its holdings in Nokia by 352.8% in the first quarter. NewEdge Advisors LLC now owns 14,788 shares of the technology company’s stock worth $119,000 after purchasing an additional 11,522 shares in the last quarter. Finally, Arete Wealth Advisors LLC bought a new position in shares of Nokia during the first quarter valued at $2,106,000. Institutional investors own 5.28% of the company’s stock.

Nokia Price Performance

The company has a quick ratio of 1.32, a current ratio of 1.57 and a debt-to-equity ratio of 0.11. The firm has a fifty day moving average price of $12.59 and a two-hundred day moving average price of $8.97. The stock has a market capitalization of $84.99 billion, a P/E ratio of 92.51, a P/E/G ratio of 2.60 and a beta of 1.15.

Nokia (NYSE:NOK) last issued its quarterly earnings results on Tuesday, March 31st. The technology company reported $0.06 earnings per share for the quarter. Nokia had a return on equity of 9.05% and a net margin of 4.02%.The firm had revenue of $5.21 billion during the quarter. On average, analysts expect that Nokia Corporation will post 0.4 EPS for the current year.

Nokia Company Profile

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.