Barclays Raises Nokia Price Target to 8 Euros Amid AI Boom
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 29 2026
0mins
Should l Buy NOK?
Source: stocktwits
- Price Target Increase: Barclays raised Nokia's price target from €5.20 to €8 while maintaining an 'Underweight' rating, indicating concerns over high valuations; however, analysts noted strong momentum in Nokia's intellectual property and optical sectors that could drive future growth.
- Strong Stock Performance: Nokia's shares surged 10.4% on Thursday, marking the fifth consecutive day of gains, reflecting analysts' and investors' confidence in the company's network tools playing an increasingly vital role in the ongoing AI boom, suggesting a positive outlook for its future performance.
- Growth in AI and Cloud Revenue: Nokia anticipates nearly 50% growth in AI and cloud revenue by 2026, shifting focus from traditional 5G to AI-native 6G and AI-RAN, indicating the company's proactive adaptation to market changes and its pursuit of emerging opportunities.
- Optimistic Retail Sentiment: Retail sentiment on Stocktwits is deemed 'extremely bullish' with very high message volumes, as investors are encouraged to invest in Nokia after missing out on NVDA or AMD's recent bull runs, reflecting strong market confidence in its future performance.
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Analyst Views on NOK
Wall Street analysts forecast NOK stock price to fall
7 Analyst Rating
5 Buy
2 Hold
0 Sell
Moderate Buy
Current: 12.350
Low
6.50
Averages
7.36
High
8.50
Current: 12.350
Low
6.50
Averages
7.36
High
8.50
About NOK
Nokia Oyj is a Finland-based company engaged in the network and Internet protocol (IP) infrastructure, software, and related services market. The Company's businesses include Nokia Networks and Nokia Technologies. The Company's segments include Ultra Broadband Networks, IP Networks and Applications, and Nokia Technologies. The Ultra Broadband Networks segment comprises Mobile Networks and Fixed Networks operating segments. The IP Networks and Applications segment comprises IP/Optical Networks and Applications & Analytics operating segments. The Applications & Analytics operating segment offers software solutions spanning customer experience management, network operations and management, communications and collaboration, policy and charging, as well as Cloud, Internet of things (IoT), security, and analytics platforms that enable digital services providers and enterprises to accelerate and optimize their customer experience. The Company has Comptel Oyj among its subsidiaries.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Surge in Trading Volume: Today's trading volume reached 125.8 million shares, approximately 70% above the three-month average of 74.3 million shares, indicating heightened market interest in Nokia's stock amid recent volatility.
- Strong Year-to-Date Performance: Despite today's decline, Nokia has surged nearly 90% year-to-date, driven by advancements in artificial intelligence and military infrastructure, suggesting that the company's strategic focus in these areas is yielding positive results.
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- Surge in Trading Volume: Trading volume reached 125.8 million shares, about 70% above the three-month average of 74.3 million shares, indicating a significant rise in market interest in Nokia's stock.
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- Analyst Ratings: Seeking Alpha analyst Chris Lauma maintains a Buy rating on Nokia, citing strong momentum bolstered by Nvidia's $1 billion investment in AI-driven 6G platforms, reflecting market confidence in its future growth.
- Growth Expectations: Nokia anticipates network infrastructure sales to grow at a CAGR of 12%-14% through 2028, with optical networks projected to expand by 18%-20%, which will enhance the company's profitability.
See More
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- Nokia's Stock Surge: Nokia's shares jumped 7% in early trading, bringing its year-to-date gains to over 100%, following Inseego's announcement to acquire its fixed wireless access business, reflecting positive market sentiment towards the deal.
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