Nokia Oyj (NOK) Stock Forecast & Price Target

$4.67

-0.06 (-1.27%)

(As of 11/4/2024 ET)

Nokia Oyj - Analysts' Recommendations and Stock Price Forecast (2024)

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

Hold

Based on 10 Analyst Ratings

Sell
2

Hold
4

Buy
4

Based on 10 Wall Street analysts who have issued ratings for Nokia Oyj in the last 12 months, the stock has a consensus rating of "Hold." Out of the 10 analysts, 2 have given a sell rating, 4 have given a hold rating, 3 have given a buy rating, and 1 has given a strong buy rating for NOK.

Consensus Price Target

$4.56
-2.30% Downside

According to the 10 analysts' twelve-month price targets for Nokia Oyj, the average price target is $4.56. The highest price target for NOK is $6.50, while the lowest price target for NOK is $3.40. The average price target represents a forecasted downside of -2.30% from the current price of $4.67.

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NOK Analyst Ratings Over Time

Type	Current Forecast 11/6/23 to 11/5/24	1 Month Ago 10/7/23 to 10/6/24	3 Months Ago 8/8/23 to 8/7/24	1 Year Ago 11/6/22 to 11/6/23
Strong Buy	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	3 Buy rating(s)	2 Buy rating(s)	2 Buy rating(s)	5 Buy rating(s)
Hold	4 Hold rating(s)	4 Hold rating(s)	4 Hold rating(s)	2 Hold rating(s)
Sell	2 Sell rating(s)	2 Sell rating(s)	2 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$4.56	$4.54	$3.89	$5.61
Forecasted Upside	-2.30% Downside	4.37% Upside	4.34% Upside	63.39% Upside
Consensus Rating	Hold	Hold	Hold	Moderate Buy

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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	2.30	2.67	2.50
Consensus Rating	Hold	Moderate Buy	Hold
Predicted Upside	-2.30% Downside	323.09% Upside	10.47% Upside
News Sentiment Rating	Neutral News See Recent NOK News	Neutral 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
10/21/2024	JPMorgan Chase & Co. 3 of 5 stars		Lower Target	Neutral ➝ Neutral	$4.36 ➝ $4.35	-9.37%
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
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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
11/9/2022	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	€6.00 ➝ €5.50
11/8/2022	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Equal Weight

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 08:37 AM 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 Saturday, October 26, 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 has shown positive growth potential with recent analyst upgrades and a consensus target price of $4.54, indicating a favorable outlook for the stock.
The company's diverse portfolio across mobile, fixed, and cloud network solutions positions it well to capitalize on the evolving technology landscape and increasing demand for connectivity services.
Recent acquisitions of shares by institutional investors like AQR Capital Management LLC demonstrate confidence in Nokia Oyj's future performance and potential for growth.
Nokia Oyj's stock price has been trending upwards, with a 52-week high of $4.52, indicating positive momentum and investor interest in the company.
The company's financial stability, reflected in its debt-to-equity ratio of 0.13 and current ratio of 1.82, provides a solid foundation for long-term investment prospects.

Nokia Oyj
Bear Case

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

Despite recent positive developments, Nokia Oyj faces competition in the technology sector from established players and emerging disruptors, which could impact its market share and profitability.
The company's P/E ratio of 27.31 and PEG ratio of 5.27 suggest that the stock may be currently overvalued, potentially limiting short-term gains for investors.
Market volatility and macroeconomic factors could influence Nokia Oyj's stock performance, leading to fluctuations in share price and investor sentiment.
Analysts have issued mixed ratings on the stock, with some indicating a sell rating, highlighting uncertainties surrounding the company's future growth trajectory.
Investors should carefully monitor industry trends and technological advancements to assess Nokia Oyj's competitive positioning and sustainability in the market.

NOK Forecast - Frequently Asked Questions

: According to the research reports of 10 Wall Street equities research analysts, the average twelve-month stock price forecast for Nokia Oyj is $4.56, with a high forecast of $6.50 and a low forecast of $3.40.
: 10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Nokia Oyj in the last twelve months. There are currently 2 sell ratings, 4 hold ratings, 3 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" NOK shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NOK, but not buy additional shares or sell existing shares.
: According to analysts, Nokia Oyj's stock has a predicted downside of -2.30% based on their 12-month stock forecasts.
: Over the previous 90 days, Nokia Oyj's stock had 2 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 for Nokia Oyj is Hold while the average consensus rating for "computer and technology" companies is Moderate Buy. Learn more on how NOK compares to other companies.

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This page (NYSE:NOK) was last updated on 11/5/2024 by MarketBeat.com Staff

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Nokia Oyj (NOK) Stock Forecast & Price Target