Nokia Oyj (NOK) Stock Forecast & Price Target

$4.48 +0.01 (+0.22%)

(As of 12/27/2024 05:45 PM ET)

Nokia Oyj - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 6 Analyst Ratings

Sell
1

Hold
1

Buy
4

Based on 6 Wall Street analysts who have issued ratings for Nokia Oyj in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 6 analysts, 1 has given a sell rating, 1 has given a hold rating, 3 have given a buy rating, and 1 has given a strong buy rating for NOK.

Consensus Price Target

$6.43
43.42% Upside

According to the 6 analysts' twelve-month price targets for Nokia Oyj, the average price target is $6.43. The highest price target for NOK is $6.50, while the lowest price target for NOK is $6.35. The average price target represents a forecasted upside of 43.42% from the current price of $4.48.

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NOK Analyst Ratings Over Time

Type	Current Forecast 12/29/23 to 12/28/24	1 Month Ago 11/29/23 to 11/28/24	3 Months Ago 9/30/23 to 9/29/24	1 Year Ago 12/29/22 to 12/29/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	3 Buy rating(s)	3 Buy rating(s)	3 Buy rating(s)	2 Buy rating(s)
Hold	1 Hold rating(s)	4 Hold rating(s)	4 Hold rating(s)	4 Hold rating(s)
Sell	1 Sell rating(s)	2 Sell rating(s)	2 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$6.43	$4.56	$4.54	$5.06
Forecasted Upside	43.42% Upside	8.89% Upside	3.89% Upside	48.24% Upside
Consensus Rating	Moderate Buy	Hold	Hold	Hold

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NOK Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

NOK Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Nokia Oyj Stock vs. The Competition

Type	Nokia Oyj	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.67	2.69	2.51
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	43.42% Upside	418.43% Upside	14.07% Upside
News Sentiment Rating	Positive News See Recent NOK News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
12/9/2024	JPMorgan Chase & Co. 3 of 5 stars		Upgrade	Neutral ➝ Overweight	$4.35 ➝ $6.35	+49.76%
10/18/2024	Danske 3 of 5 stars		Upgrade	Hold ➝ Buy
10/18/2024	Northland Securities 4 of 5 stars		Reiterated Rating	Outperform ➝ Outperform	$6.50 ➝ $6.50	+38.30%
10/17/2024	Craig Hallum Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Schwab Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Strong-Buy
1/19/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Equal Weight ➝ Underweight
1/12/2024	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Neutral
12/18/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral	$5.10 ➝ $3.40	+4.29%
12/15/2023	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Sell
12/13/2023	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$4.50 ➝ $4.00	+23.84%
12/8/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold
10/3/2023	DNB Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy
1/31/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 09:45 PM ET.

Should I Buy Nokia Oyj Stock? NOK Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, December 18, 2024. Please send any questions or comments about these Nokia Oyj pros and cons to contact@marketbeat.com.

Nokia Oyj
Bull Case

Here are some ways that investors could benefit from investing in Nokia Oyj:

Nokia Oyj's stock is currently priced at $4.48, showing a recent increase of 1.0%. This upward movement can indicate positive market sentiment and potential for further growth.
The company has been upgraded to a "strong-buy" rating by multiple analysts, reflecting increased confidence in its future performance and potential for stock appreciation.
Nokia Oyj reported a quarterly revenue of $4.75 billion, which, despite being below estimates, demonstrates a solid revenue base that can support future growth initiatives.
With a low debt-to-equity ratio of 0.14, Nokia Oyj is in a strong financial position, suggesting it has less risk associated with debt and more capacity to invest in growth opportunities.
The firm has a market capitalization of approximately $24.40 billion, indicating it is a well-established player in the technology sector, which can provide stability for investors.

Nokia Oyj
Bear Case

Investors should be bearish about investing in Nokia Oyj for these reasons:

The company reported a net margin of only 2.18%, which may indicate challenges in profitability and could limit returns for investors.
Nokia Oyj's price-to-earnings ratio stands at 55.00, suggesting that the stock may be overvalued compared to its earnings, which could deter value-focused investors.
Analysts have projected earnings per share of only 0.34 for the current fiscal year, indicating modest growth expectations that may not excite investors looking for significant returns.
Despite recent upgrades, there are still two analysts who have rated the stock as a sell, highlighting some ongoing concerns about its performance and market position.
The company’s revenue fell short of consensus estimates, which could raise questions about its ability to meet future growth targets and investor expectations.

NOK Forecast - Frequently Asked Questions

: According to the research reports of 6 Wall Street equities research analysts, the average twelve-month stock price forecast for Nokia Oyj is $6.43, with a high forecast of $6.50 and a low forecast of $6.35.
: 6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Nokia Oyj in the last year. There is currently 1 sell rating, 1 hold rating, 3 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" NOK shares.
: According to analysts, Nokia Oyj's stock has a predicted upside of 43.42% based on their 12-month stock forecasts.
: Over the previous 90 days, Nokia Oyj's stock had 3 upgrades by analysts.
: Nokia Oyj has been rated by research analysts at Craig Hallum, Danske, JPMorgan Chase & Co., and Northland Securities in the past 90 days.
: Analysts like Nokia Oyj less than other "computer and technology" companies. The consensus rating score for Nokia Oyj is 2.67 while the average consensus rating score for "computer and technology" companies is 2.69. Learn more on how NOK compares to other companies.

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This page (NYSE:NOK) was last updated on 12/28/2024 by MarketBeat.com Staff

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Nokia Oyj (NOK) Stock Forecast & Price Target