Nokia (NYSE:NOK) Stock Gets Price Target Trim from Rosenblatt Securities

Nokia (NYSE:NOK) had its price objective cut by Rosenblatt Securities from $15.00 to $14.00 in a report released on Friday morning, Marketbeat reports. They currently have a buy rating on the technology company’s stock.

Several other research firms also recently weighed in on NOK. Barclays reissued a “sell” rating on shares of Nokia in a report on Monday, June 29th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Nokia in a report on Tuesday, August 18th. Sanford C. Bernstein reaffirmed a “neutral” rating on shares of Nokia in a report on Thursday, July 23rd. Danske upgraded shares of Nokia from a “hold” rating to a “buy” rating in a research report on Wednesday, July 1st. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Nokia in a research note on Friday, September 4th. Sixteen research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $13.41.

Nokia Trading Down 0.2%

NYSE NOK opened at $8.12 on Friday. The firm’s fifty day moving average price is $10.10 and its 200 day moving average price is $11.45. Nokia has a 12 month low of $5.86 and a 12 month 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. The company has a market capitalization of $46.64 billion, a price-to-earnings ratio of 50.77, a price-to-earnings-growth ratio of 0.92 and a beta of 1.19.

Nokia (NYSE:NOK) last announced its quarterly earnings results on Thursday, October 22nd. The technology company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.02. The firm had revenue of $5.84 billion during the quarter, compared to analysts’ expectations of $5.72 billion. Nokia had a net margin of 3.80% and a return on equity of 10.48%. Nokia’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.06 earnings per share. On average, sell-side analysts expect that Nokia will post 0.40 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. IFP Advisors Inc raised its stake in shares of Nokia by 1,152.7% during the second quarter. IFP Advisors Inc now owns 7,942 shares of the technology company’s stock worth $105,000 after purchasing an additional 7,308 shares during the last quarter. Gateway Wealth Partners LLC acquired a new stake in shares of Nokia during the first quarter worth $81,000. Waverly Advisors LLC acquired a new stake in shares of Nokia during the first quarter worth $82,000. Foster Group Inc. purchased a new position in Nokia in the 2nd quarter valued at $138,000. Finally, Simplicity Wealth LLC purchased a new position in Nokia in the 3rd quarter valued at $108,000. 5.28% of the stock is currently owned by hedge funds and other institutional investors.

More 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.

Nokia Company Profile

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.