Nokia Oyj Stock Forecast

Stock Price Forecast

The 3 analysts that cover Nokia Oyj stock have a consensus rating of "Strong Buy" and an average price target of $10.33, which forecasts a -19.42% decrease in the stock price over the next year. The lowest target is $8.00 and the highest is $15.

Price Target: $10.33 (-19.42%)

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$8.00	$10.33	$8.00	$15
Change	-37.60%	-19.42%	-37.60%	+17.00%

Analyst Ratings

The average analyst rating for Nokia Oyj stock is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.

Recommendation Trends

Rating	Nov '25	Dec '25	Jan '26	Feb '26	Mar '26	Apr '26
Strong Buy	2	2	2	1	1	2
Buy	1	1	1	2	2	2
Hold	0	0	0	0	0	0
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	3	3	3	3	3	4

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Jim Kelleher Argus Research	Argus Research	Hold → Strong Buy Upgrades $15	Hold → Strong Buy	Upgrades	$15	+17.00%	Apr 27, 2026
Terrance Tsul Morgan Stanley	Morgan Stanley	Buy Initiates $8	Buy	Initiates	$8	-37.60%	Feb 9, 2026
Sandeep Deshpande JP Morgan	JP Morgan	Buy Maintains $7.1 → $8	Buy	Maintains	$7.1 → $8	-37.60%	Dec 1, 2025
Janardan Menon Jefferies	Jefferies	Hold → Strong Buy Upgrades n/a	Hold → Strong Buy	Upgrades	n/a	n/a	Oct 28, 2025
Sandeep Deshpande JP Morgan	JP Morgan	Buy Maintains $6 → $7.1	Buy	Maintains	$6 → $7.1	-44.62%	Oct 24, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

21.40B

from 19.89B

7.58%

from 19.89B

Revenue Next Year

22.58B

from 21.40B

5.54%

from 21.40B

EPS This Year

0.34

from 0.11

199.16%

from 0.11

EPS Next Year

0.39

from 0.34

15.82%

from 0.34

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	22.20B	23.76B	21.14B	19.22B	19.89B	21.40B	22.58B
Revenue Growth	1.60%	7.02%	-11.04%	-9.07%	3.48%	7.58%	5.54%
EPS	0.29	0.75	0.12	0.23	0.11	0.34	0.39
EPS Growth	-	160.17%	-84.62%	101.78%	-51.03%	199.16%	15.82%
Forward PE	-	-	-	-	-	31.88	27.52
No. Analysts	-	-	-	-	-	30	30

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

Revenue Forecast

Revenue	2026	2027
High	22.5B	24.2B
Avg	21.4B	22.6B
Low	19.7B	20.5B

Revenue Growth

Revenue Growth	2026	2027
High	13.1%	13.1%
Avg	7.6%	5.5%
Low	-1.0%	-4.0%

EPS Forecast

EPS	2026	2027
High	0.40	0.47
Avg	0.34	0.39
Low	0.28	0.31

EPS Growth

EPS Growth	2026	2027
High	250.0%	38.5%
Avg	199.2%	15.8%
Low	149.3%	-8.6%

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 sources.