Nokia Oyj (NOK) Stock Forecast & Price Target

$4.50 +0.07 (+1.46%)

As of 01/17/2025 03:59 PM Eastern

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 5 Analyst Ratings

Sell
1

Hold
0

Buy
4

Based on 5 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 5 analysts, 1 has given a sell rating, and 4 have given a buy rating for NOK.

Consensus Price Target

$5.86
30.13% Upside

According to the 5 analysts' twelve-month price targets for Nokia Oyj, the average price target is $5.86. The highest price target for NOK is $7.00, while the lowest price target for NOK is $3.60. The average price target represents a forecasted upside of 30.13% from the current price of $4.51.

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NOK Analyst Ratings Over Time

Type	Current Forecast 1/21/24 to 1/20/25	1 Month Ago 12/22/23 to 12/21/24	3 Months Ago 10/23/23 to 10/22/24	1 Year Ago 1/21/23 to 1/21/24
Strong Buy	0 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	4 Buy rating(s)	3 Buy rating(s)	3 Buy rating(s)	2 Buy rating(s)
Hold	0 Hold rating(s)	1 Hold rating(s)	4 Hold rating(s)	5 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	2 Sell rating(s)	2 Sell rating(s)
Consensus Price Target	$5.86	$6.43	$4.56	$5.06
Forecasted Upside	30.13% Upside	45.03% Upside	-3.03% Downside	47.59% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Hold	Hold

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	2.60	2.68	2.52
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	30.13% Upside	255.27% Upside	12.44% 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
1/16/2025	The Goldman Sachs Group 3 of 5 stars	A. Duval Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Neutral ➝ Sell	$3.60	-21.91%
1/6/2025	Craig Hallum 2 of 5 stars	C. Schwab Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$6.00 ➝ $7.00	+53.85%
12/9/2024	JPMorgan Chase & Co. 3 of 5 stars		Upgrade	Neutral ➝ Overweight	$4.35 ➝ $6.35	+49.76%
10/18/2024	Danske Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy
10/18/2024	Northland Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$6.50 ➝ $6.50	+38.30%
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
12/15/2023	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
Get the Latest News and Ratings for NOK and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Nokia Oyj and its competitors with MarketBeat's FREE daily newsletter.
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 Monday at 04:52 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 Monday, January 20, 2025. 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 recently been upgraded by analysts, with a consensus rating of "Moderate Buy" and a target price of $6.62, indicating potential for price appreciation.
The stock price is currently at $4.66, showing a 0.6% increase recently, which may suggest positive market sentiment and momentum.
Analysts have raised their price targets, with Craig Hallum increasing it from $6.00 to $7.00, reflecting confidence in the company's growth prospects.
Nokia Oyj reported a quarterly EPS of $0.07, meeting expectations, which indicates stability in earnings performance amidst market fluctuations.
The company has a low debt-to-equity ratio of 0.14, suggesting a strong balance sheet and lower financial risk, which is attractive for investors seeking stability.

Nokia Oyj
Bear Case

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

Nokia Oyj's revenue for the last quarter was $4.75 billion, falling short of the consensus estimate of $5.10 billion, which may raise concerns about growth potential.
The company has a relatively high P/E ratio of 58.25, which could indicate that the stock is overvalued compared to its earnings, making it a riskier investment.
Despite recent upgrades, one analyst has rated the stock with a sell rating, suggesting that there are differing opinions on its future performance.
The stock has a 12-month high of $4.95, which may limit upside potential if it struggles to break through this resistance level.
Nokia Oyj has a net margin of only 2.18%, indicating that profitability may be a concern, especially in competitive markets.

NOK Forecast - Frequently Asked Questions

: According to the research reports of 5 Wall Street equities research analysts, the average twelve-month stock price forecast for Nokia Oyj is $5.86, with a high forecast of $7.00 and a low forecast of $3.60.
: 5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Nokia Oyj in the last twelve months. There is currently 1 sell rating and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" NOK shares.
: According to analysts, Nokia Oyj's stock has a predicted upside of 30.13% based on their 12-month stock forecasts.
: Over the previous 90 days, Nokia Oyj's stock had 1 upgrade and 1 downgrade by analysts.
: Nokia Oyj has been rated by research analysts at Craig Hallum, JPMorgan Chase & Co., and The Goldman Sachs Group in the past 90 days.
: Analysts like Nokia Oyj less than other "computer and technology" companies. The consensus rating score for Nokia Oyj is 2.60 while the average consensus rating score for "computer and technology" companies is 2.68. Learn more on how NOK compares to other companies.

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This page (NYSE:NOK) was last updated on 1/20/2025 by MarketBeat.com Staff

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Nokia Oyj (NOK) Stock Forecast & Price Target