Nokia (NYSE:NOK) Stock Gets Price Target Trim from JPMorgan Chase & Co.

Nokia (NYSE:NOK) had its target price lowered by JPMorgan Chase & Co. from $21.00 to $20.50 in a research report released on Friday morning,Benzinga reports. The firm currently has an overweight rating on the technology company’s stock.

Other equities analysts have also issued research reports about the company. S&P Equity Research reiterated a “positive” rating on shares of Nokia in a research note on Thursday, July 30th. Barclays restated a “sell” rating on shares of Nokia in a research note on Monday, June 29th. Rosenblatt Securities dropped their target price on Nokia from $15.00 to $14.00 and set a “buy” rating on the stock in a report on Friday. Weiss Ratings reiterated a “hold (c)” rating on shares of Nokia in a research report on Friday, September 4th. Finally, Sanford C. Bernstein reiterated a “neutral” rating on shares of Nokia in a research report on Thursday, July 23rd. Sixteen investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Nokia presently has a consensus rating of “Moderate Buy” and an average target price of $13.41.

Nokia Trading Down 0.2%

Shares of Nokia stock opened at $8.12 on Friday. The stock has a market cap of $46.64 billion, a PE ratio of 50.77, a price-to-earnings-growth ratio of 0.92 and a beta of 1.19. The firm has a fifty day moving average price of $10.10 and a 200 day moving average price of $11.45. Nokia has a 1 year low of $5.86 and a 1 year high of $17.45. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.47 and a quick ratio of 1.19.

Nokia (NYSE:NOK) last posted its quarterly earnings results on Thursday, October 22nd. The technology company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.08 by $0.02. Nokia had a net margin of 3.80% and a return on equity of 10.48%. The company had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.72 billion. The firm’s revenue was up 9.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.06 earnings per share. Equities research analysts predict that Nokia will post 0.40 earnings per share for the current year.

Institutional Trading of Nokia

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. IFP Advisors Inc raised its position in shares of Nokia by 1,152.7% in the second quarter. IFP Advisors Inc now owns 7,942 shares of the technology company’s stock worth $105,000 after acquiring an additional 7,308 shares during the period. Gateway Wealth Partners LLC acquired a new stake in shares of Nokia during the 1st quarter valued at about $81,000. Waverly Advisors LLC acquired a new stake in shares of Nokia during the 1st quarter valued at about $82,000. Foster Group Inc. acquired a new stake in shares of Nokia during the 2nd quarter valued at about $138,000. Finally, Simplicity Wealth LLC purchased a new position in shares of Nokia in the 3rd quarter valued at about $108,000. Institutional investors and hedge funds own 5.28% of the company’s stock.

Key Nokia News

Here are the key news stories impacting Nokia this week:

• Positive Sentiment: AI and cloud demand accelerated: Third-quarter revenue increased approximately 10% year over year, while comparable operating profit rose 35%. AI and cloud customer sales surged 123%, with IP Networks revenue up 43% and Optical Networks revenue up 18%. Nokia’s Q3 Earnings Beat Estimates on AI & Cloud Strength
• Positive Sentiment: Results exceeded expectations: Nokia reported adjusted earnings of $0.10 per share versus the $0.08 consensus estimate, and revenue of $5.84 billion versus the $5.72 billion forecast. Management also pointed to strong order intake from AI and cloud customers and continued growth potential into 2027. Nokia third-quarter profit beats expectations
• Positive Sentiment: New strategic opportunities: Nokia and ICEYE signed a letter of intent with Ukraine’s Ministry of Defence to explore sovereign satellite communications capabilities, potentially expanding Nokia’s role in defense and connectivity infrastructure. Ukraine partners with Nokia and ICEYE for Starlink alternative
• Neutral Sentiment: Analysts remain constructive but lowered targets: Rosenblatt reduced its price target from $15 to $14 while retaining a Buy rating, and JPMorgan lowered its target from $21 to $20.50 while maintaining an Overweight rating. The cuts suggest analysts still see substantial upside but are adjusting expectations after the selloff. Rosenblatt cuts Nokia price target to $14 but keeps Buy
• Negative Sentiment: Costs and cash flow are the main overhangs: Nokia warned that supply constraints represent a structural cost increase rather than a temporary shortage. Capacity expansion, margin pressure and higher cash requirements are tempering enthusiasm over AI-driven growth.
• Negative Sentiment: Guidance was not raised: Fourth-quarter revenue guidance of $7.1 billion to $7.4 billion broadly brackets the $7.3 billion consensus estimate, while the company maintained its broader outlook. Investors appear to have expected stronger upgrades following the earnings beat. Nokia Q3 Earnings Call Highlights AI Growth and 2027 Outlook
• Negative Sentiment: Market conditions amplified the decline: NOK fell sharply alongside the wider AI and technology sector, causing investors to discount the earnings beat and focus on valuation, profitability and execution risks.

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.