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

Nokia Corporation (NYSE:NOK)’s stock price traded up 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. 114,710,332 shares traded hands during trading, an increase of 48% from the average session volume of 77,618,406 shares. The stock had previously closed at $14.09.

Several other equities analysts also recently weighed in on NOK. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Nokia in a report on Friday, May 15th. Wall Street Zen cut Nokia from a “buy” rating to a “hold” rating in a research report on Sunday, May 3rd. Barclays reaffirmed an “underweight” rating on shares of Nokia in a research report on Wednesday, April 29th. Bank of America raised Nokia from a “neutral” rating to a “buy” rating and set a $12.40 price objective on the stock in a research report on Monday, April 13th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Nokia in a research report on Friday, May 22nd. Twelve investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $12.57.

Key Stories 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.

Institutional Trading of Nokia

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Fifth Third Bancorp increased its stake in Nokia by 248.7% in the 4th quarter. Fifth Third Bancorp now owns 3,815 shares of the technology company’s stock worth $25,000 after acquiring an additional 2,721 shares during the last quarter. Wexford Capital LP bought a new position in shares of Nokia during the 3rd quarter valued at approximately $29,000. FNY Investment Advisers LLC increased its position in shares of Nokia by 33,457.1% during the 4th quarter. FNY Investment Advisers LLC now owns 4,698 shares of the technology company’s stock valued at $30,000 after purchasing an additional 4,684 shares during the last quarter. Dorato Capital Management bought a new position in shares of Nokia during the 4th quarter valued at approximately $31,000. Finally, Caitong International Asset Management Co. Ltd purchased a new position in Nokia during the 3rd quarter valued at $34,000. Institutional investors own 5.28% of the company’s stock.

Nokia Trading Up 5.0%

The stock has a fifty day moving average of $12.59 and a 200-day moving average of $8.97. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.32 and a current ratio of 1.57. The company has a market cap of $84.99 billion, a PE ratio of 92.51, a PEG ratio of 2.60 and a beta of 1.15.

Nokia (NYSE:NOK) last posted its quarterly earnings data on Tuesday, March 31st. The technology company reported $0.06 earnings per share (EPS) for the quarter. Nokia had a return on equity of 9.05% and a net margin of 4.02%.The company had revenue of $5.21 billion during the quarter. Sell-side analysts anticipate that Nokia Corporation will post 0.4 EPS for the current fiscal 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.