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Nokia Oyj (NOK) Stock Forecast, Price Target & Predictions

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NOK Stock Forecast

Nokia Oyj stock forecast is as follows: an average price target of $6.35 (represents a 43.02% upside from NOK’s last price of $4.44) and a rating consensus of 'Buy', based on 15 wall street analysts offering a 1-year stock forecast.

NOK Price Target

The average price target for Nokia Oyj (NOK) is $6.35 based on 1-year price targets from 15 Wall Street analysts in the past 3 months, with a price target range of $8.00 to $4.84. This represents a potential 43.02% upside from NOK's last price of $4.44.

NOK Analyst Ratings

Buy

According to 15 Wall Street analysts, Nokia Oyj's rating consensus is 'Buy'. The analyst rating breakdown for NOK stock is 0 'Strong Buy' (0.00%), 9 'Buy' (60.00%), 4 'Hold' (26.67%), 2 'Sell' (13.33%), and 0 'Strong Sell' (0.00%).

Nokia Oyj Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Jul 22, 2022Raymond James$7.00$5.1236.72%57.66%
Apr 29, 2022Raymond James$6.75$4.9037.76%52.03%
Mar 14, 2022Simon LeopoldRaymond James$6.50$5.0229.48%46.40%
Jul 30, 2021Christian SchwabCraig-Hallum$8.00$6.0831.58%80.18%
Jul 30, 2021Andrew GardinerCitigroup$5.44$6.08-10.56%22.48%
Jul 05, 2021Stefan SlowinskiBNP Paribas$7.70$5.3942.86%73.42%
Jun 25, 2021Alexander DuvalGoldman Sachs$6.50$5.4519.27%46.40%
Apr 30, 2021Artem BeletskiSEB Enskilda$5.00$4.686.90%12.68%
Apr 30, 2021Achal SultaniaBlackRock$4.84$4.683.41%9.00%

The latest Nokia Oyj stock forecast, released on Jul 22, 2022 by Raymond James company, set a price target of $7.00, which represents a 36.72% increase from the stock price at the time of the forecast ($5.12), and a 57.66% increase from NOK last price ($4.44).

Nokia Oyj Price Target by Period

1M3M12M
# Anlaysts---
Avg Price Target---
Last Closing Price$4.44$4.44$4.44
Upside/Downside-100.00%-100.00%-100.00%

In the current month, the average price target of Nokia Oyj stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Nokia Oyj's last price of $4.44. This month's average price target is down NaN% compared to last quarter, and down NaN% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Jan 16, 2025Goldman SachsBuySellDowngrade
Jan 08, 2025BarclaysUnderweightUnderweightHold
Dec 18, 2024DNB MarketsBuyUpgrade
Dec 11, 2024CitigroupNeutralNeutralHold
Oct 30, 2024BarclaysUnderweightUnderweightHold
Oct 23, 2024CitigroupSellSellHold
Oct 18, 2024Danske BankHoldBuyUpgrade
Oct 10, 2024Deutsche BankBuyBuyHold
Sep 19, 2024Morgan StanleyEqual-WeightEqual-WeightHold
Aug 01, 2024New StreetBuyUpgrade
Jul 31, 2024NeedhamHoldHoldHold
May 30, 2024BNP ParibasNeutralNeutralHold
May 16, 2024Danske BankHoldDowngrade
Dec 13, 2023Raymond JamesOutperformOutperformHold
Oct 20, 2023Goldman SachsBuyBuyHold
Oct 20, 2023Raymond JamesOutperformOutperformHold
Sep 15, 2023NeedhamBuyBuyHold
Jun 12, 2023Raymond JamesOutperformOutperformHold
Apr 21, 2023Raymond JamesOutperformOutperformHold
Oct 25, 2022Societe GeneraleBuyBuyHold
Sep 15, 2022Credit SuisseNeutralOutperformUpgrade
Jul 22, 2022Raymond JamesOutperformOutperformHold
Jul 21, 2022CFRABuyUpgrade
Jun 14, 2022CitigroupBuyUpgrade
May 18, 2022Deutsche BankBuyBuyHold
Apr 29, 2022UBSBuyBuyHold
Mar 14, 2022Raymond JamesOutperformUpgrade
Dec 20, 2021Morgan StanleyOverweightInitialise
Jun 27, 2021Goldman SachsBuyUpgrade
Apr 09, 2021Credit SuisseNeutralNeutralHold

Nokia Oyj's last stock rating was published by Goldman Sachs on Jan 16, 2025. The company Downgrade its NOK rating from "Buy" to "Sell".

Nokia Oyj Financial Forecast

Nokia Oyj Revenue Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Mar 18Mar 17
Revenue-----------$5.86B$7.45B$6.24B$5.87B$5.35B$6.41B$5.40B$5.31B$5.08B$6.55B$5.29B$5.09B$4.91B$6.90B$5.69B$5.69B$5.03B$4.92B$5.38B
Avg Forecast$6.12B$4.87B$4.82B$4.54B$5.99B$5.17B$5.15B$5.37B$6.80B$6.08B$6.47B$6.24B$7.50B$6.03B$5.80B$5.80B$7.40B$6.34B$6.16B$5.68B$7.70B$6.36B$5.95B$5.61B$7.64B$6.24B$6.09B$5.67B$6.65B$5.38B
High Forecast$6.19B$4.93B$4.87B$4.55B$6.15B$5.37B$5.33B$5.54B$7.20B$6.15B$6.54B$6.31B$7.63B$6.03B$5.80B$5.80B$7.40B$6.34B$6.16B$5.68B$7.70B$6.36B$5.95B$5.61B$7.64B$6.24B$6.09B$5.67B$7.98B$6.45B
Low Forecast$6.04B$4.81B$4.76B$4.52B$5.89B$4.96B$4.97B$5.20B$6.42B$6.00B$6.38B$6.16B$7.31B$6.03B$5.80B$5.80B$7.40B$6.34B$6.16B$5.68B$7.70B$6.36B$5.95B$5.61B$7.64B$6.24B$6.09B$5.67B$5.32B$4.30B
# Analysts1114942252221333444463332234711
Surprise %-----------0.94%0.99%1.03%1.01%0.92%0.87%0.85%0.86%0.89%0.85%0.83%0.86%0.88%0.90%0.91%0.93%0.89%0.74%1.00%

Nokia Oyj's average Quarter revenue forecast for Jun 23 based on 2 analysts is $6.47B, with a low forecast of $6.38B, and a high forecast of $6.54B. NOK's average Quarter revenue forecast represents a 10.36% increase compared to the company's last Quarter revenue of $5.86B (Mar 23).

Nokia Oyj EBITDA Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Mar 18Mar 17
# Analysts1114942252221333444463332234711
EBITDA-----------$693.00M$1.18B$804.00M$846.00M$628.00M$956.00M$661.00M$615.00M$575.00M$707.00M$473.00M$453.00M$88.00M$1.32B$478.00M$1.00M$-235.00M$-18.00M$-76.00M
Avg Forecast$759.00M$603.63M$597.26M$562.32M$742.92M$640.51M$638.35M$588.01M$842.68M$753.88M$801.54M$534.55M$897.26M$760.39M$730.77M$422.57M$932.13M$799.68M$776.30M$2.84B$970.69M$802.17M$749.48M$186.30M$963.38M$786.16M$767.66M$-432.00M$121.50M$70.00M
High Forecast$767.76M$610.60M$604.15M$563.51M$762.00M$665.87M$660.12M$705.61M$892.03M$762.58M$810.79M$641.46M$1.08B$760.39M$730.77M$507.09M$932.13M$799.68M$776.30M$3.41B$970.69M$802.17M$749.48M$223.56M$963.38M$786.16M$767.66M$-345.60M$145.80M$84.00M
Low Forecast$749.22M$595.86M$589.56M$559.95M$729.80M$615.16M$616.59M$470.41M$795.86M$744.17M$791.21M$427.64M$717.81M$760.39M$730.77M$338.06M$932.13M$799.68M$776.30M$2.27B$970.69M$802.17M$749.48M$149.04M$963.38M$786.16M$767.66M$-518.40M$97.20M$56.00M
Surprise %-----------1.30%1.32%1.06%1.16%1.49%1.03%0.83%0.79%0.20%0.73%0.59%0.60%0.47%1.37%0.61%0.00%0.54%-0.15%-1.09%

2 analysts predict NOK's average Quarter EBITDA for Jun 23 to be $801.54M, with a high of $810.79M and a low of $791.21M. This is 15.66% upper than Nokia Oyj's previous annual EBITDA (Mar 23) of $693.00M.

Nokia Oyj Net Income Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Mar 18Mar 17
# Analysts1114942252221333444463332234711
Net Income-----------$279.00M$3.15B$427.00M$457.00M$212.00M$681.00M$342.00M$344.00M$261.00M$-2.69B$193.00M$94.00M$-117.00M$564.00M$82.00M$-193.00M$-446.00M$-188.00M$-488.00M
Avg Forecast$794.71M$409.27M$351.90M$261.45M$717.26M$349.06M$262.03M$252.86M$627.85M$415.00M$433.81M$229.87M$629.20M$520.34M$457.21M$181.71M$632.92M$356.25M$232.28M$1.17B$595.56M$294.87M$161.71M$-157.95M$703.17M$266.77M$146.67M$-1.07B$-253.80M$-488.00M
High Forecast$806.66M$415.41M$357.18M$265.37M$728.04M$358.67M$262.47M$303.43M$896.89M$421.23M$440.32M$275.84M$755.04M$520.34M$457.21M$218.06M$632.92M$356.25M$232.28M$1.41B$595.56M$294.87M$161.71M$-126.36M$703.17M$266.77M$146.67M$-856.32M$-203.04M$-390.40M
Low Forecast$781.37M$402.41M$346.01M$257.07M$666.03M$339.46M$261.60M$202.28M$448.45M$408.05M$426.54M$183.89M$503.36M$520.34M$457.21M$145.37M$632.92M$356.25M$232.28M$939.60M$595.56M$294.87M$161.71M$-189.54M$703.17M$266.77M$146.67M$-1.28B$-304.56M$-585.60M
Surprise %-----------1.21%5.01%0.82%1.00%1.17%1.08%0.96%1.48%0.22%-4.51%0.65%0.58%0.74%0.80%0.31%-1.32%0.42%0.74%1.00%

Nokia Oyj's average Quarter net income forecast for Jun 23 is $433.81M, with a range of $426.54M to $440.32M. NOK's average Quarter net income forecast represents a 55.49% increase compared to the company's last Quarter net income of $279.00M (Mar 23).

Nokia Oyj SG&A Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Mar 18Mar 17
# Analysts1114942252221333444463332234711
SG&A-----------$729.00M$838.00M$771.00M$728.00M$675.00M$758.00M$674.00M$712.00M$649.00M$812.00M$644.00M$680.00M$762.00M$775.00M$739.00M$763.00M$824.00M$847.00M$919.00M
Avg Forecast$788.40M$627.02M$620.39M$584.11M$771.70M$665.32M$663.08M$805.08M$875.32M$783.09M$832.58M$731.89M$705.52M$742.28M$713.37M$578.57M$909.93M$780.63M$757.81M$2.92B$947.58M$783.07M$731.63M$1.03B$940.44M$767.44M$749.38M$1.98B$1.14B$919.00M
High Forecast$797.50M$634.25M$627.55M$585.34M$791.52M$691.66M$685.69M$966.10M$926.58M$792.12M$842.19M$878.27M$846.63M$742.28M$713.37M$694.29M$909.93M$780.63M$757.81M$3.50B$947.58M$783.07M$731.63M$1.23B$940.44M$767.44M$749.38M$2.37B$1.37B$1.10B
Low Forecast$778.24M$618.94M$612.40M$581.64M$758.07M$638.99M$640.47M$644.07M$826.69M$773.00M$821.86M$585.51M$564.42M$742.28M$713.37M$462.86M$909.93M$780.63M$757.81M$2.34B$947.58M$783.07M$731.63M$822.96M$940.44M$767.44M$749.38M$1.58B$914.76M$735.20M
Surprise %-----------1.00%1.19%1.04%1.02%1.17%0.83%0.86%0.94%0.22%0.86%0.82%0.93%0.74%0.82%0.96%1.02%0.42%0.74%1.00%

Nokia Oyj's average Quarter SG&A projection for Jun 23 is $832.58M, based on 2 Wall Street analysts, with a range of $821.86M to $842.19M. The forecast indicates a 14.21% rise compared to NOK last annual SG&A of $729.00M (Mar 23).

Nokia Oyj EPS Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Mar 18Mar 17
# Analysts1114942252221333444463332234711
EPS-----------$0.05$0.56$0.08$0.08$0.03$0.12$0.06$0.06$0.05$-0.46$0.03$0.02$-0.02$0.10$0.01$-0.03$-0.08$-0.03$-0.09
Avg Forecast$0.14$0.07$0.06$0.05$0.13$0.06$0.05$0.07$0.11$0.08$0.08$0.07$0.13$0.09$0.08$0.06$0.11$0.06$0.04$0.01$0.11$0.05$0.03$0.01$0.13$0.05$0.03$0.03$0.04$0.03
High Forecast$0.15$0.08$0.06$0.05$0.13$0.06$0.05$0.07$0.16$0.08$0.08$0.07$0.13$0.09$0.08$0.06$0.11$0.06$0.04$0.01$0.11$0.05$0.03$0.01$0.13$0.05$0.03$0.03$0.05$0.04
Low Forecast$0.14$0.07$0.06$0.05$0.12$0.06$0.05$0.07$0.08$0.07$0.08$0.07$0.13$0.09$0.08$0.06$0.11$0.06$0.04$0.01$0.11$0.05$0.03$0.01$0.13$0.05$0.03$0.03$0.03$0.02
Surprise %-----------0.69%4.29%0.85%0.96%0.47%1.04%0.93%1.42%7.39%-4.26%0.56%0.68%-2.96%0.78%0.21%-1.13%-2.87%-0.74%-3.21%

According to 2 Wall Street analysts, Nokia Oyj's projected average Quarter EPS for Jun 23 is $0.08, with a low estimate of $0.08 and a high estimate of $0.08. This represents a 56.83% increase compared to NOK previous annual EPS of $0.05 (Mar 23).

Nokia Oyj Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
NOKNokia Oyj$4.44$6.3543.02%Buy
EXTRExtreme Networks$15.77$21.0033.16%Buy
CLFDClearfield$37.80$48.0026.98%Buy
JNPRJuniper Networks$35.15$40.0013.80%Buy
HPEHewlett Packard Enterprise$21.66$24.0010.80%Buy
VIAVViavi Solutions$9.90$10.536.36%Hold
CSCOCisco Systems$59.55$60.191.07%Buy
INFNInfinera$6.61$6.650.61%Hold
MSIMotorola Solutions$463.41$440.00-5.05%Buy
CIENCiena$81.36$70.75-13.04%Buy
LITELumentum$77.91$57.57-26.11%Buy
AAOIApplied Optoelectronics$26.53$17.00-35.92%Buy

NOK Forecast FAQ

Is Nokia Oyj a good buy?

Yes, according to 15 Wall Street analysts, Nokia Oyj (NOK) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 9 'Buy' recommendations, accounting for 60.00% of NOK's total ratings.

What is NOK's price target?

Nokia Oyj (NOK) average price target is $6.35 with a range of $4.84 to $8, implying a 43.02% from its last price of $4.44. The data is based on 15 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Nokia Oyj stock go up soon?

According to Wall Street analysts' prediction for NOK stock, the company can go up by 43.02% (from the last price of $4.44 to the average price target of $6.35), up by 80.18% based on the highest stock price target, and up by 9.00% based on the lowest stock price target.

Can Nokia Oyj stock reach $7?

NOK's highest twelve months analyst stock price target of $8 supports the claim that Nokia Oyj can reach $7 in the near future.

What are Nokia Oyj's analysts' financial forecasts?

Nokia Oyj's analysts financial forecasts for the fiscal year (Dec 2024) are as follows: average revenue is $21.68B (high $22.38B, low $21.02B), average EBITDA is $2.61B (high $2.79B, low $2.43B), average net income is $1.58B (high $1.65B, low $1.47B), average SG&A $2.91B (high $3.13B, low $2.68B), and average EPS is $0.313 (high $0.317, low $0.301). NOK's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $20.35B (high $20.54B, low $20.12B), average EBITDA is $2.52B (high $2.55B, low $2.49B), average net income is $1.82B (high $1.84B, low $1.79B), average SG&A $2.62B (high $2.64B, low $2.59B), and average EPS is $0.328 (high $0.333, low $0.323).

Did the NOK's actual financial results beat the analysts' financial forecasts?

Based on Nokia Oyj's last annual report (Dec 2022), the company's revenue was $24.91B, which missed the average analysts forecast of $25.14B by -0.89%. Apple's EBITDA was $3.46B, beating the average prediction of $2.81B by 23.02%. The company's net income was $4.25B, beating the average estimation of $1.79B by 137.64%. Apple's SG&A was $3.01B, beating the average forecast of $2.74B by 9.97%. Lastly, the company's EPS was $0.76, beating the average prediction of $0.371 by 104.60%. In terms of the last quarterly report (Mar 2023), Nokia Oyj's revenue was $5.86B, missing the average analysts' forecast of $6.24B by -6.10%. The company's EBITDA was $693M, beating the average prediction of $534.55M by 29.64%. Nokia Oyj's net income was $279M, beating the average estimation of $229.87M by 21.37%. The company's SG&A was $729M, missing the average forecast of $731.89M by -0.40%. Lastly, the company's EPS was $0.05, missing the average prediction of $0.0724 by -30.96%