Nokia Oyj Stock Forecast

Stock Price Forecast

The 2 analysts with 12-month price forecasts for Nokia Oyj stock have an average target of 6.43, with a low estimate of 6.35 and a high estimate of 6.50. The average target predicts an increase of 45.15% from the current stock price of 4.43.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$6.35	$6.43	$6.50	$6.50
Change	+43.34%	+45.15%	+46.73%	+46.73%

Analyst Ratings

The average analyst rating for Nokia Oyj stock from 2 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Jul '24	Aug '24	Sep '24	Oct '24	Nov '24	Dec '24
Strong Buy	0	0	0	0	0	0
Buy	2	2	2	2	2	2
Hold	2	2	2	2	2	0
Sell	0	0	0	0	0	0
Strong Sell	1	1	1	1	1	0
Total	5	5	5	5	5	2

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Sandeep Deshpande JP Morgan	JP Morgan	Hold → Buy Upgrades $4.35 → $6.35	Hold → Buy	Upgrades	$4.35 → $6.35	+43.34%	Dec 9, 2024
Sandeep Deshpande JP Morgan	JP Morgan	Hold Maintains $4.36 → $4.35	Hold	Maintains	$4.36 → $4.35	-1.81%	Oct 21, 2024
Tim Savageaux Northland Capital Markets	Northland Capital Markets	Buy Reiterates $6.5	Buy	Reiterates	$6.5	+46.73%	Oct 18, 2024
Tim Savageaux Northland Capital Markets	Northland Capital Markets	Buy Reiterates $6 → $6.5	Buy	Reiterates	$6 → $6.5	+46.73%	Sep 4, 2024
Sandeep Deshpande JP Morgan	JP Morgan	Hold Maintains $4.39 → $4.26	Hold	Maintains	$4.39 → $4.26	-3.84%	Apr 16, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

19.69B

from 22.26B

-11.54%

from 22.26B

Revenue Next Year

19.86B

from 19.69B

0.88%

from 19.69B

EPS This Year

0.33

from 0.12

175.23%

from 0.12

EPS Next Year

0.33

from 0.33

-1.45%

from 0.33

Fiscal Year	FY 2019	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	23.32B	21.85B	22.20B	24.91B	22.26B	19.69B	19.86B	20.37B
Revenue Growth	3.33%	-6.27%	1.60%	12.20%	-10.65%	-11.54%	0.88%	2.55%
EPS	0.00	-0.45	0.29	0.75	0.12	0.33	0.33	0.35
EPS Growth	-	-	-	159.70%	-83.99%	175.23%	-1.45%	8.31%
Forward PE	-	-	-	-	-	12.91	13.10	12.10
No. Analysts	-	-	-	-	-	26	26	22

Financial currency is EUR. Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026
High	20.6B	21.8B	22.3B
Avg	19.7B	19.9B	20.4B
Low	18.3B	17.8B	17.9B

Revenue Growth

Revenue Growth	2024	2025	2026
High	-7.6%	10.6%	12.4%
Avg	-11.5%	0.9%	2.5%
Low	-17.7%	-9.4%	-9.8%

EPS Forecast

EPS	2024	2025	2026
High	0.40	0.42	0.41
Avg	0.33	0.33	0.35
Low	0.21	0.26	0.29

EPS Growth

EPS Growth	2024	2025	2026
High	233.0%	27.3%	26.0%
Avg	175.2%	-1.4%	8.3%
Low	71.7%	-21.6%	-11.7%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.