Nokia (NOK.US) Price Target 2026/2027: 35% Upside – Rating and Stock Analysis

10.97
Price history for Nokia (NOK.US) – stock price at $10.97, October 2026
Nokia stock price – price development 2026. Updated Oct 7, 2026.
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Nokia Price Target 2026: Analysts See 36% Upside

The average price target for Nokia is $14.97. This price target represents the analysts' view of the stock price over the next 12 months. The stock may be undervalued, because the price target is higher than the current price. The stock is 36.46% below the target, which can point to potential returns within the next 12 months if the analysts' view proves right. Also consider the stock's valuation ratios such as P/E, P/S and P/B, plus the technical analysis further down the page, for the full picture.

Is Nokia overvalued or undervalued?

Nokia is currently undervalued with a gap of 36.5% relative to the price target.


The current price is $10.97, which places Nokia in the undervalued category. The stock is considered undervalued when the price is below $13.47, and overvalued when the price exceeds $16.47.


The fair value range is defined as ±10% of the price target, because price targets are estimates rather than exact values. For Nokia, the fair value range lies between $13.47 and $16.47.


See the full price target analysis for Nokia →

Analyst Ratings for Nokia stock in 2026: Buy

14 analysts cover Nokia. The majority is positive, with 78.6% recommending Buy, while 14.3% recommend Hold. The average price target is $14.97, which gives an upside of 36.5% from the current price.

Consensus: Buy (4.21/5)
Strong Buy
7 (50%)
Buy
4 (28.6%)
Hold
2 (14.3%)
Sell
1 (7.1%)
Strong Sell Sell Hold Buy Strong Buy
4.21 out of 5 based on 14 analysts

About Nokia – Communication Equipment

Nokia makes and sells equipment for mobile, fixed and cloud networks around the world. The company mainly earns money by delivering complete solutions that keep networks running, covering everything from older 2G technology to the newest 5G technology.

The business is split into four main areas. Nokia develops radio access networks, known as RAN, which is the equipment that connects mobile phones to the network. It also sells fibre and copper-based infrastructure for fixed-line networks, meaning the cables and equipment used for home and business internet connections. In addition, Nokia offers IP routing solutions, which help direct data traffic across networks, and optical network systems, which use light to send large amounts of data over long distances.

Nokia sells to telecom companies and large business customers. It operates in many countries, and its technology supports a large part of the world's communication. Nokia also has a separate division called Nokia Technologies, which focuses on licensing its patents to other companies.
Read more about the company

Key Figures for Nokia

$59.3B Market cap
$20.4B Revenue
Communication Equipment Industry
75.71 P/E
2.91 P/S
2.45 P/B
United States Listed on exchange
nokia.com Website

What kind of stock is Nokia?

Speculative stock

Nokia is classified as a speculative stock.

Score Overview for Nokia

💰 Value Score 34/100 (Low)
⭐ Quality Score 41/100 (Neutral)
🚀 Momentum Score 40/100 (Neutral)
📊 Total Score 38/100

⚠️ 1 red flag identified 1 critical

Our analysis has identified 1 potential risk factor in Nokia that investors should be aware of.

🚨 Falling earnings: Quarterly earnings have fallen 98% year over year – the company's profitability is under pressure.

📈 Valuation

Nokia trades at a P/E ratio of 75.7, which is above the market average. The forward P/E is 24.4 (68% lower), which suggests the market expects rising earnings. The P/S ratio is 2.9. The P/B ratio is 2.4. The PEG ratio is 0.91 — below 1.0 suggests the stock is cheap relative to its growth rate.

💵 Profitability & Growth

Nokia has a profit margin of 3.5% (moderate) and an operating margin of 7.9%. Return on equity (ROE) is 3.5%. Return on assets (ROA) is 3.1%. The latest quarterly earnings grew -97.9% year over year — falling earnings.

🏦 Financial Health

The Piotroski score is 6 out of 9 — good financial health. Altman Z2 is 2.61 (healthy balance sheet — low risk). The debt-to-equity ratio (D/E) is 89.1% — low debt, a solid balance sheet.

🚀 Momentum & Short Interest

Short interest is 0.99% — low, the market does not expect a decline.

Nokia Dividend 2026: 1.4% Dividend Yield

Dividend Key Figures for Nokia

Dividend yield
1.35%
Latest dividend per share
0.05 USD
Payout ratio
32.9%
Healthy
Dividend growth (4 years)
+83.3%
Avg. annual dividend (3 years)
0.11 USD

When does Nokia pay a dividend in 2026?

Latest ex-dividend date (traded without the dividend)
July 28, 2026
Latest payment date
August 11, 2026

How much does Nokia pay in dividends?

Nokia pays dividends to its shareholders. The most recently paid dividend was 0.05 USD per share, which corresponds to a dividend yield of 1.35%. Over the last 4 years, the annual dividend has grown by 83.3%, which shows positive dividend growth.

The payout ratio is 32.9%, which is considered healthy and sustainable. The company balances rewarding shareholders with reinvesting in growth.

Historical Dividend Payments for Nokia

We have registered dividend payments for Nokia since May 2, 2022. In that period the stock has paid a dividend 16 times, most recently on Jul 28, 2026. This stock qualifies as a stable dividend stock, because it has paid a dividend at least once a year for the last 5 years. That makes it attractive to investors looking for steady, regular dividend payments.

Ex-datePayment dateAmountCurrency
2026-07-282026-08-110.05USD
2026-04-282026-05-120.03USD
2026-02-032026-02-180.03USD
2025-10-282025-11-120.03USD
2025-05-052025-05-150.05USD
2024-10-222024-11-050.03USD
2024-07-232024-08-060.03USD
2024-04-222024-05-080.04USD
2024-01-292024-02-130.03USD
2023-10-232023-11-070.03USD
2023-07-242023-08-080.03USD
2023-04-242023-05-090.10USD
2023-01-302023-02-140.02USD
2022-10-242022-11-080.02USD
2022-07-252022-08-090.02USD
2022-05-022022-05-170.02USD

Insider Trading in Nokia 2026: The Signal Is clearly positive

In 2026, insiders at Nokia have made 3 transactions, all of which were purchases. On a net basis, insiders put $1,690,539 into the stock, which is a positive signal. Active insiders include Mahajan, Pallavi, Owczarek, Konstanty. In the short term (last 3 months), the insider signal is clearly positive.

Short-Term Signal (3 months): Clearly positive

Insiders have exclusively bought shares over the last 3 months. This is a strong signal of confidence in the company in the short term.

Over the last 3 months: 1 purchases and 0 sales. A net $592,100 into the stock.

Long-Term Signal (all transactions): Clearly positive

Insiders have exclusively bought shares. This is a strong signal of confidence in the company's future.

Across the last 3 transactions: 3 purchases and 0 sales. A net $1,690,539 into the stock.

Latest purchase: Mahajan, Pallavi bought 62,000 shares at $9.55 each on 2026-07-24. The stock has since risen 14.9%.

Who is buying: Mahajan, Pallavi, Owczarek, Konstanty.

Latest Insider Trades in Nokia (2026)

The table shows the last 3 reported insider transactions in Nokia. Green rows are purchases, red rows are sales. The data is based on official filings.

Transaction date Name Type Number of shares Price per share ($) Total amount ($)
2026-07-24 Mahajan, Pallavi Buy 62,000 10 592,100
2026-05-26 Owczarek, Konstanty Buy 37,405 16 598,106
2026-05-22 Owczarek, Konstanty Buy 32,595 15 500,333

Who is buying and selling Nokia shares in 2026?

The following insiders have bought shares in Nokia: Mahajan, Pallavi, Owczarek, Konstanty. In total, $1,690,539 was bought across 3 transactions. Insider trades are legal transactions in which executives and board members buy or sell shares of their own company. These transactions are reported to the SEC and are publicly available.

When Does Nokia Report Earnings – Next Date: Oct 22, 2026

The next earnings report from Nokia is scheduled for October 22, 2026, before the market opens. This report covers the third quarter (Q3), which ended on September 30, 2026.



Technical Analysis of Nokia 2026 – Signal: Strong Buy

Overall Technical Signal: Strong Buy

Based on trend analysis (SMA50/SMA200) and MACD trend (positive/negative on a daily + weekly basis). Updated October 7, 2026.

Technical analysis of Nokia (NOK.US) – RSI 57, MACD positive (bullish), daily candlestick chart October 2026
Nokia technical analysis – candlestick chart with RSI, MACD and volume profile. Updated Oct 7, 2026.

Trend Analysis of Nokia Corporation

Nokia Corporation is in a short-term uptrend. The price of $10.97 is 4.8% above the 20-day average ($10.47). Medium term, the picture is positive: the price is 8.3% above the 50-day average ($10.13). Long term, the stock is 9.1% above the 200-day average ($10.06), which confirms a long-term uptrend.

Golden Cross: The 50-day average (10.13) is above the 200-day average (10.06), which is a classic bullish signal for Nokia Corporation.

Is Nokia Corporation overbought or oversold?

Nokia Corporation has an RSI of 56.9. The stock shows positive momentum in the upper part of the neutral zone. Combined with the positive trend, this supports the bullish picture.

MACD Analysis for Nokia Corporation

Daily MACD: MACD is positive (0.052), which means the short-term trend is bullish (the 12-day EMA is above the 26-day EMA). MACD is above the signal line (0.030) by 0.022, which confirms rising momentum in the uptrend.

Weekly MACD: MACD5 is positive (0.099), which indicates a broader bullish long-term trend. MACD5 is below the signal line (0.404) by 0.305, which suggests the long-term momentum is fading – the positive trend could come under pressure.

Overall MACD assessment: Both the daily and weekly trend are bullish (MACD positive). However, momentum shows signs of weakening on a weekly basis. Watch whether the trend holds.

Risk Profile for Nokia Corporation

Nokia Corporation has an annual standard deviation of 62.5%, which classifies the stock as Speculative. Sizeable price swings are normal, and the stock requires a higher risk tolerance.

Overall Technical Conclusion for Nokia Corporation

Trend: Positive. The price trades above SMA50 and SMA200.

MACD trend (zero line): Daily bullish (0.052). Weekly bullish (0.099).

MACD momentum (signal): Daily rising. Weekly falling.

RSI: 56.9 – neutral.

Technical signal: Strong Buy

The price is in an uptrend (above SMA50/SMA200) and MACD is positive on both a daily and weekly basis. Trend and MACD trend confirm each other – the strongest technical buy signal.

Frequently Asked Questions About Nokia stock in 2026

Should you buy Nokia stock now?
Yes, the technical signal for Nokia is currently Strong Buy. Nokia trades at $10.97 as of Oct 7, 2026. The technical analysis shows the following: MACD is positive (bullish trend) at 0.052 with rising momentum (signal: 0.030); RSI is at 56.9 (neutral zone); the stock is in a short-term uptrend (price above the 20-day average); the analyst price target of $14.97 points to 36.5% upside. The stock is in a broader uptrend (above SMA50/SMA200). This is a technical observation based on current data, not investment advice.
What is the price target for Nokia stock?
The average analyst price target for Nokia is $14.97. The current price is $10.97, which gives an upside of 36.5%. Based on this, the stock is considered undervalued. The fair value range (±10% of the price target) is between $13.47 and $16.47.
Is Nokia a dividend stock?
Yes, Nokia is a dividend stock with a dividend yield of 1.35%. The latest dividend was $0.05 per share. The latest ex-dividend date (traded without the dividend) was Jul 28, 2026. The payout ratio is 32.9%, which is considered sustainable.
When does Nokia pay a dividend in 2026?
The next dividend date for Nokia has not been set yet. The latest ex-dividend date (last trading day with dividend rights) was Jul 28, 2026. The latest dividend was $0.05 per share with an ex-dividend date of Jul 28, 2026. The dividend yield is 1.35%. The payout ratio of 32.9% points to a sustainable dividend with room to grow.
What is the risk of Nokia stock?
Nokia is rated as a stock in the risk category Speculative. the annual standard deviation is 62.5%, which classifies the stock as Speculative.
Is Nokia overvalued?
No, Nokia is considered undervalued based on the analyst price target (36.5% upside). Nokia has the following valuation ratios: a P/E ratio of 75.7 (highly valued), a P/S ratio of 2.9, a P/B ratio of 2.4. The analyst price target suggests that the stock is undervalued by 36.5%.
Is Nokia overbought?
No, Nokia is not overbought. RSI is at 56.9 (neutral zone). The technical indicators show: RSI is at 56.9 (neutral zone between 30-70), which signals neither overbought nor oversold. In addition, the price is 4.8% above the 20-day average (short-term uptrend). In addition, MACD is positive with rising momentum (bullish).
When is the next Nokia earnings report?
Nokia reports its next earnings on October 22, 2026. The stock currently trades at $10.97. With a P/E ratio of 75.7, the market will be watching closely whether earnings meet expectations.
Is Nokia shorted?
Nokia has minimal short interest of 0.99% of the free float, which is insignificant and points to very limited bearish sentiment.
Are insiders buying Nokia stock?
Yes, insiders are net buyers of Nokia – they are buying more shares than they are selling. Over the last 3 months, insiders have made 1 purchases and 0 sales. On a net basis, 592,100 $ worth of shares were bought. Across the last 3 reported transactions, the split is 3 purchases and 0 sales, with a net 1,690,539 $ bought. Active buyers include Mahajan, Pallavi, Owczarek, Konstanty. Insider buying is generally seen as a positive signal, because management is putting its own money into the company.
Is Nokia a good stock?
Based on our total score, Nokia is rated as a poor stock with a total score of 38 out of 100. The stock scores below average on value, quality and momentum – it sits at the lower end of the market. The score is made up of Value: 34/100, Quality: 41/100, Momentum: 40/100. In addition: analysts see 36.5% upside to the price target; a dividend of 1.35%; technical signal: Strong Buy. Whether Nokia is a good investment depends on your time horizon, risk profile and portfolio. This is a data-driven observation, not investment advice.
What is the outlook for Nokia stock?
The outlook for Nokia based on current data: the average analyst price target is $14.97 (+36.5%); the stock is in an uptrend (above SMA50 and SMA200); the next earnings report is due on Oct 22, 2026, which can move the price; the P/E ratio is 75.7 (high – the market expects growth). Keep in mind that stock prices are affected by many factors, including earnings reports, the economy and market sentiment. Past returns are no guarantee of future returns.
Why is Nokia stock rising?
Nokia is rising right now. The technical indicators show: the price is 4.8% above the 20-day average; MACD is positive with rising momentum (bullish signal); insiders have mostly been buying the stock recently. Recent news that may be affecting the price: Pallavi Mahajan, another senior manager at Nokia, bought 62,000 Nokia shares on the NYSE on 2026-07-24 at a price of ... (7/27, Insider Buying); FMR LLC (Fidelity) reduced its indirect stake in Nokia below 5% as of 2026-07-08. The stake fell from 5.20% to 4.87% ... (7/10, Change in major shareholder stake); Senior employee Victoria Hanrahan bought a total of 44,682 Nokia shares on the NYSE on May 26 and 28, 2026. The avera... (5/31, Insider Buying). For the latest context, see our technical analysis and insider section above.
How high can Nokia go?
The average analyst price target for Nokia is $14.97, which corresponds to a potential gain of 36.5% from the current price of $10.97. The stock has traded between $4.84 and $17.36 over the last 52 weeks. The price is 36.8% below the 52-week high, which can indicate potential if the underlying fundamentals are intact. Keep in mind that price targets are estimates, not guarantees. Actual price moves depend on earnings, market conditions and unexpected events.
How low can Nokia fall?
The stock has traded as low as $4.84 over the last 52 weeks — that is 55.9% below the current price of $10.97. The biggest decline (drawdown) in the same period was 72.1% from high to low. Within a year, the price typically swings about ±62.5% (standard deviation — a measure of price swings). A difficult year could therefore mean a further decline of that size. Remember: past price swings are no guarantee for the future — a stock can fall further than the last 52 weeks suggest, especially on profit warnings, sector crises or a market crash. Use stop-loss orders and spread your portfolio to limit losses in single stocks.
What does Nokia do?
Nokia makes and sells equipment for mobile, fixed and cloud networks around the world. The company mainly earns money by delivering complete solutions that keep networks running, covering everything from older 2G technology to the newest 5G technology. The business is split i... The company belongs to the Technology sector, more specifically the Communication Equipment industry, is headquartered in United States, and is traded on the USA Stocks. See the key figures, earnings history and price development above to evaluate Nokia as an investment.
Did Nokia raise or lower its guidance?
Over the last 60 days we have not registered a guidance raise or cut from Nokia. The company can still adjust its guidance at quarterly reports or between reports — see the earnings history above.
Is Nokia making money or losing money?
Yes, Nokia is making money, not losing it. The company has a profit margin (the share of revenue left over as profit) of 3.5% — which is modest. The operating margin (profit before interest and taxes) is 7.9%. At a P/E ratio of 75.7, you currently pay 75.7 dollars for every dollar of the company's annual earnings. A consistently profitable company is usually more resilient than growth stocks that are not yet making money.
Can Nokia go bankrupt?
The bankruptcy risk of Nokia is rated as low. Altman Z2 (a model for assessing financial distress) is 2.61 — that places the company in the healthy zone. The company has a healthy balance sheet with limited debt relative to earnings and assets. The Piotroski score (financial health 0-9, higher is better) is 6 — which is average. Debt relative to equity is 89% (moderate). Remember: models like Altman Z2 are statistical — unexpected shocks (fraud, a sector collapse, lawsuits) can always happen. Spread your portfolio.
Does Nokia have a lot of debt?
Nokia has moderate debt relative to equity. The debt-to-equity ratio (D/E — interest-bearing debt to equity) is 89%. For the technology sector, 60-120% counts as a typical level. Tech companies are usually asset-light and need little borrowed capital — anything below 60% counts as low in this sector. Note: D/E levels are highly sector-specific — a bank at 300% debt is normal, a tech stock at 300% is extremely leveraged. Always compare with similar companies in the same sector.


Latest News About Nokia Stock 2026

  • Date: 2026-07-27 12:00:00
    The news: Pallavi Mahajan, another senior manager at Nokia, bought 62,000 Nokia shares on the NYSE on 2026-07-24 at a price of 9.55 USD per share, totaling about 592,100 USD. The trade is a market purchase. (Date: 2026-07-27 12:00)

  • Date: 2026-07-10 08:45:00
    The news: FMR LLC (Fidelity) reduced its indirect stake in Nokia below 5% as of 2026-07-08. The stake fell from 5.20% to 4.87% of shares (voting rights from 4.92% to 4.59%). Holdings via financial instruments are insignificant and do not change the picture. (Date: 2026-07-10 08:45)

  • Date: 2026-05-31 12:00:00
    The news: Senior employee Victoria Hanrahan bought a total of 44,682 Nokia shares on the NYSE on May 26 and 28, 2026. The average price was 15.8117 USD per share, for a total of about 706,496 USD. (Date: 2026-05-31 12:00)

  • Date: 2026-05-26 21:00:00
    The news: Konstanty Owczarek, another senior manager at Nokia, has bought 37,405 shares on the NYSE at a price of 15.9878 USD per share, totaling about 598,000 USD. (date: 2026-05-26 21:00)

  • Date: 2026-05-25 15:00:00
    The news: Konstanty Owczarek (other senior employee) has bought 32,595 Nokia shares via NYSE on 2026-05-22 at 15.3457 USD per share, corresponding to approximately 500,193 USD in total. The insider purchase signals confidence in the company's development. Nokia provides network and connectivity solutions. (date: 2026-05-25 15:00)

  • Date: 2025-11-07 15:00:00
    The news: Nokia has transferred 126,758 own shares free of charge to participants in the company's incentive program. This follows an earlier decision by the board of directors and does not significantly affect the ownership structure or free-float shares. (date: 2025-11-07 15:00)

  • Date: 2025-10-29 20:00:00
    The news: Nokia reports that a senior employee, Tommi Uitto, has sold 57,589 shares at an average price of 6.322 EUR per share, equal to about 364,267 EUR. The sale took place on 2025-10-29.

  • Date: 2025-10-28 16:30:00
    The news: NVIDIA is investing USD 1 billion in Nokia through a directed share issue and will become a 2.9% shareholder. At the same time, a strategic partnership on AI-RAN and data center networks is starting. The proceeds will be used to strengthen Nokia's AI and Cloud efforts and to support development of 5G/6G RAN software for the NVIDIA architecture. The news is expected to strengthen Nokia's strategic position and growth opportunities. (date: 2025-10-28 16:30)

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