Morgan Stanley and JPMorgan Raise Nokia Price Targets Amid Strong Demand
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4 days ago
0mins
Should l Buy NOK?
Source: stocktwits
- Price Target Increases: Morgan Stanley raised its price target for Nokia's Helsinki-listed shares from €8.50 to €11, while JPMorgan increased its target from €6.90 to €12, with the latter implying a 30% upside from the last close, reflecting analysts' optimistic outlook on Nokia's future performance.
- Strong Demand Driving Growth: Last week, Nokia reported strong demand for its AI networking hardware and raised its 2026 revenue growth outlook for its maintenance networking segment to 12%-14%, significantly higher than the previous forecast of 6%-8%, indicating the company's strengthening position in the AI sector.
- Impressive Stock Performance: Nokia's U.S.-listed shares rose 5.4% on Tuesday to reach a new record close, adding 1.6% in after-hours trading, marking four consecutive days of gains, and if this trend continues, it would represent the stock's best monthly performance since October 2025, reflecting positive market sentiment following its earnings report.
- Retail Sentiment Optimistic: On Stocktwits, retail sentiment for Nokia has surged since its earnings report, rated as 'extremely bullish' on Tuesday, with a 56% increase in 24-hour message volume, indicating strong investor confidence in Nokia's future, especially as institutional Q1 filings approach.
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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: 12.910
Low
6.50
Averages
7.36
High
8.50
Current: 12.910
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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- Strong Demand Driving Growth: Last week, Nokia reported strong demand for its AI networking hardware and raised its 2026 revenue growth outlook for its maintenance networking segment to 12%-14%, significantly higher than the previous forecast of 6%-8%, indicating the company's strengthening position in the AI sector.
- Impressive Stock Performance: Nokia's U.S.-listed shares rose 5.4% on Tuesday to reach a new record close, adding 1.6% in after-hours trading, marking four consecutive days of gains, and if this trend continues, it would represent the stock's best monthly performance since October 2025, reflecting positive market sentiment following its earnings report.
- Retail Sentiment Optimistic: On Stocktwits, retail sentiment for Nokia has surged since its earnings report, rated as 'extremely bullish' on Tuesday, with a 56% increase in 24-hour message volume, indicating strong investor confidence in Nokia's future, especially as institutional Q1 filings approach.
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- Price Dip: Nokia's shares fell over 2% in Thursday's premarket trading, pausing a 27% rally since last week's earnings report, indicating profit-taking by investors despite strong performance.
- Strong Earnings: The company reported first-quarter comparable sales in line with expectations and profits exceeding forecasts, raising its revenue growth target for the network infrastructure segment to 12%-14%, reflecting robust demand for AI networking products.
- Analyst Upgrades: A series of analysts, including Barclays, Morgan Stanley, and JPMorgan, have raised their price targets in the past week, with 11 out of 23 analysts currently rating the stock as 'Buy', indicating optimism about its future performance.
- Positive Market Sentiment: Retail sentiment for Nokia on Stocktwits remains in the 'extremely bullish' zone, with many traders believing the rally is just beginning, showcasing confidence in the company's growth potential.
See More
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- 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.
See More
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- Price Target Increases: Morgan Stanley raised its price target for Nokia's Helsinki-listed shares from €8.50 to €11, while JPMorgan increased its target from €6.90 to €12, with the latter implying a 30% upside from the last close, reflecting analysts' optimistic outlook on Nokia's future performance.
- Strong Demand Driving Growth: Last week, Nokia reported strong demand for its AI networking hardware and raised its 2026 revenue growth outlook for its maintenance networking segment to 12%-14%, significantly higher than the previous forecast of 6%-8%, indicating the company's strengthening position in the AI sector.
- Impressive Stock Performance: Nokia's U.S.-listed shares rose 5.4% on Tuesday to reach a new record close, adding 1.6% in after-hours trading, marking four consecutive days of gains, and if this trend continues, it would represent the stock's best monthly performance since October 2025, reflecting positive market sentiment following its earnings report.
- Retail Sentiment Optimistic: On Stocktwits, retail sentiment for Nokia has surged since its earnings report, rated as 'extremely bullish' on Tuesday, with a 56% increase in 24-hour message volume, indicating strong investor confidence in Nokia's future, especially as institutional Q1 filings approach.
See More
Nokia Shares Rise Over 5% Following Analyst Upgrades
- Nokia Stock Surge: Nokia shares rose over 5% to an intraday high of $11.31, driven by price target increases from Morgan Stanley, JPMorgan, and Argus, reflecting strong market confidence in the surge of demand for its AI-related products.
- Earnings Beat Expectations: The company reported a 54% increase in operating profit for Q1 2026, surpassing consensus estimates, and raised its revenue and profit growth guidance for 2026, further solidifying its competitive position in the telecommunications sector.
- Organon Acquisition News: Organon shares increased by over 1% to $13.38 after Sun Pharmaceutical Industries from India agreed to acquire the company in an all-cash deal valued at $11.75 billion, indicating optimistic market sentiment regarding its future prospects.
- X-Energy Strong Performance: X-Energy's stock has continued to rise since its Nasdaq debut, reaching a high of $37.10, which is over 13% above its opening price of $30.11, reflecting growing investor confidence in nuclear energy as a long-term solution for energy needs.
See More
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- US Market Volatility: The three major US indexes closed lower on Tuesday, with the S&P 500 down 0.49% and the Nasdaq Composite down 0.90%, reflecting market concerns following OpenAI's missed revenue and new user targets.
- Fed Rate Decision: Investors are closely watching the Federal Reserve's upcoming interest rate decision, expected to maintain current rates, while keenly anticipating comments on inflation and economic indicators that could signal future monetary policy directions.
- Tech Earnings Anticipation: Four major tech companies—Alphabet, Amazon, Meta, and Microsoft—are set to report earnings on Wednesday, with the market looking for insights into AI demand that could influence overall market sentiment and investor confidence.
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