Analysts covering Nokia have raised their consensus price target, climbing from 4.49 euros to 4.53 euros in the latest assessment. The small increase was due to improved optimism about Nokia's revenue growth prospects, signaling a shift in industry sentiment. Stay tuned to learn how to track these changing market narratives.
Analyst commentary on Nokia shows a mixed mix of optimism and caution, as companies reassess their stance on the company's valuation and growth trajectory in light of recent results and industry developments.
🐂 Bullish Key Points
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Raymond James raised its price target on Nokia to $6.50 from $5 while maintaining an outperform rating. The company cited Nokia's strong third-quarter results, which beat expectations, and reiterated full-year guidance as catalysts for its upgraded target.
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Raymond James also highlighted the particular strengths of Nokia's cloud and network services, noting that the cloud provider's momentum supports their positive outlook.
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Deutsche Bank raised its target price to 4.75 euros from 4.25 euros and maintained a buy rating, reflecting increased confidence in Nokia's prospects and execution quality.
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BNP Paribas Exane upgraded Nokia to outperform from neutral and set a $5 price target. The analyst believes early market pessimism is overdone, pointing to Nokia's shift toward network infrastructure and the potential for leveraging artificial intelligence as a key growth driver.
🐻 Bearish Points
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Citi lowered its target price to 3.90 euros from 4 euros and maintained a sell rating, indicating continued doubts about Nokia's recent gains and valuation.
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Morgan Stanley lowered its target price from 4.50 euros to 4.20 euros and maintained an “equal weight” stance. The company expressed concerns about risks or bleak growth prospects.
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JP Morgan also lowered its target price from 5.60 euros to 5.15 euros, but reiterated its overweight rating. That shows some long-term confidence but also acknowledges near-term headwinds.
Do your thoughts align with bull or bear analysts? Maybe you think there's more to this story. Head to the Simply Wall St community to discover more perspectives or start writing your own story!
HLSE: Nokia Community Fair Value as of October 2025
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China is restricting the use of Nokia equipment in domestic telecoms networks due to widening national security scrutiny. The move puts Nokia and Ericsson at a competitive disadvantage compared with local Chinese suppliers.
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VodafoneThree has jointly awarded contracts worth £2 billion to Ericsson and Nokia. As part of the program, Nokia will provide radio access network (RAN) technology to 7,000 sites to support major network expansion efforts across the United States
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Bay Bridge International has selected Nokia to provide optical networking solutions for the construction of a new high-capacity terrestrial network that will strengthen connectivity between Europe, the Middle East and Asia.
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LightRiver and Nokia are collaborating so that Gigabit Fiber can deploy Nokia technology to rapidly expand the network in several major U.S. cities. Designed to provide high-capacity and low-latency connectivity to artificial intelligence data centers and enterprise customers.
The story continues
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The consensus price target among analysts rose slightly, from 4.49 euros to 4.53 euros.
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The discount rate fell slightly from 7.27% to 7.21%.
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Revenue growth forecast rose slightly, from 3.17% to 3.19%.
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Net profit margin was almost unchanged, rising slightly from 8.07% to 8.06%.
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The future price-to-earnings ratio increased slightly, from 16.78 times to 16.91 times.
Narratives are your opportunity to learn, share and follow the real stories behind Nokia's corporate data. The narrative connects business catalysts, future earnings and fair value in an easy-to-understand way, connecting the company's unique journey to dynamic forecasts. On Simply Wall St's community page, millions of investors use Narratives to make smarter buying and selling decisions, with updates appearing automatically as new news or earnings emerge.
Interested in the latest perspectives? Read the full Nokia Oyj review and stay informed below:
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How growing network infrastructure needs and regulatory support are driving Nokia's multi-year growth in high-margin segments.
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The impact of strategic innovation, disciplined execution and intellectual property monetization on Nokia's recurring revenue and long-term profitability.
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Key risks, including global competition, currency fluctuations and execution pressures, could change the fair value story for investors.
This article from Simply Wall St is general in nature. We only use unbiased methodologies to provide commentary based on historical data and analyst forecasts, and our articles are not intended to provide financial advice. It does not constitute a recommendation to buy or sell any stock and does not take into account your objectives or your financial situation. Our goal is to provide you with long-term focused analysis driven by fundamental data. Please note that our analysis may not take into account the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any of the stocks mentioned.
Companies discussed in this article include NOKIA.hlse.
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