Nokia (NYSE:NOK) Stock Price Target Lowered at Rosenblatt Securities

Nokia (NYSE:NOK) had its price target dropped by equities research analysts at Rosenblatt Securities from $15.00 to $14.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the technology company’s stock. Rosenblatt Securities‘s price objective indicates a potential upside of 78.23% from the stock’s previous close.

Several other brokerages also recently issued reports on NOK. Danske raised Nokia from a “hold” rating to a “buy” rating in a research note on Wednesday, July 1st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Nokia in a research note on Monday, July 27th. Jefferies Financial Group reiterated a “buy” rating on shares of Nokia in a report on Tuesday, September 29th. Weiss Ratings reissued a “hold (c)” rating on shares of Nokia in a research report on Friday, September 4th. Finally, Barclays restated a “sell” rating on shares of Nokia in a report on Monday, June 29th. Fifteen investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $13.46.

Nokia Trading Down 15.1%

NYSE NOK opened at $7.86 on Friday. Nokia has a twelve month low of $5.84 and a twelve month high of $17.45. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.22 and a current ratio of 1.50. The stock has a market cap of $45.11 billion, a price-to-earnings ratio of 22.02, a PEG ratio of 1.10 and a beta of 1.19. The firm’s 50 day moving average price is $10.16 and its two-hundred day moving average price is $11.45.

Nokia (NYSE:NOK) last announced its earnings results on Thursday, October 22nd. The technology company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.02. The company had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.72 billion. Nokia had a net margin of 3.49% and a return on equity of 9.83%. The company’s revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.06 EPS. Equities analysts anticipate that Nokia will post 0.39 EPS for the current year.

Institutional Investors Weigh In On Nokia

Hedge funds and other institutional investors have recently made changes to their positions in the company. Gibbs Wealth Management raised its holdings in shares of Nokia by 22.8% during the 3rd quarter. Gibbs Wealth Management now owns 25,040 shares of the technology company’s stock valued at $254,000 after purchasing an additional 4,652 shares in the last quarter. Yousif Capital Management LLC increased its position in Nokia by 14.5% during the third quarter. Yousif Capital Management LLC now owns 18,036 shares of the technology company’s stock worth $183,000 after buying an additional 2,286 shares during the last quarter. Vest Financial LLC increased its position in Nokia by 18.0% during the third quarter. Vest Financial LLC now owns 262,337 shares of the technology company’s stock worth $2,660,000 after buying an additional 40,045 shares during the last quarter. Axxcess Wealth Management LLC bought a new position in Nokia during the third quarter valued at about $112,000. Finally, Quadrant Capital Group LLC raised its holdings in Nokia by 1.6% during the third quarter. Quadrant Capital Group LLC now owns 139,945 shares of the technology company’s stock valued at $1,380,000 after buying an additional 2,144 shares in the last quarter. 5.28% of the stock is owned by hedge funds and other institutional investors.

Nokia News Summary

Here are the key news stories impacting Nokia this week:

• Positive Sentiment: Nokia beat expectations with third-quarter revenue of approximately €5.15 billion, up about 10% year over year, while comparable operating profit rose 35% to €605 million. Reported EPS of $0.10 exceeded the $0.08 consensus estimate. Nokia third-quarter profit beats expectations
• Positive Sentiment: Network Infrastructure remained the key growth engine: revenue increased 15% on a constant-currency basis, led by 43% growth in IP Networks and 18% growth in Optical Networks. Sales to AI and cloud customers surged 123%, with order intake up 118%. Nokia Corporation Interim Report for Q3 2026
• Positive Sentiment: Nokia is expanding its AI positioning through AI-RAN work with NVIDIA, Supermicro, Elisa and T-Mobile, alongside a sovereign agentic-AI platform for telecom operators. These initiatives could support longer-term demand for data-center, optical and network infrastructure. T-Mobile claims world first AI-RAN call with Nokia and Nvidia
• Positive Sentiment: Nokia and ICEYE signed a letter of intent with Ukraine’s Ministry of Defence to explore sovereign satellite communications, adding a potential defense and space-related growth opportunity. ICEYE and Nokia partner with Ukraine’s Ministry of Defence
• Neutral Sentiment: Management maintained its full-year outlook and expects AI and cloud demand to remain strong, but said the traditional telecom market is likely to stay broadly flat.
• Negative Sentiment: Investors reacted negatively to Nokia’s reduced cash-flow view and warnings that supply-chain cost inflation represents a structural cost increase rather than a temporary shortage. The company plans to raise prices, but higher expenses could pressure margins. Nokia sinks on Q3 beat as it cuts cash-flow view
• Negative Sentiment: The stock also suffered from broad de-risking across AI and technology shares, overwhelming the earnings beat and prompting investors to question whether strong AI growth is already reflected in Nokia’s valuation. Why Nokia sank today

About Nokia

Nokia Oyj is a Finland-based technology company that provides communications networking equipment, software and related services to telecommunications operators, enterprises, governments and other organizations worldwide. Its offerings support fixed and mobile broadband, optical and IP networks, data centers, cloud environments and private wireless communications.

The company’s business activities include mobile network infrastructure, network automation and management software, fiber and broadband access, optical networking, routing, data-center networking, and cloud and network services.