Nokia Oyj Stock Forecast

Stock Price Forecast

According to 11 analysts polled by S&P Global, Nokia Oyj stock has a consensus rating of "Buy" and an average price target of $12.9. The average 1-year stock price forecast is 13.07% lower than the current stock price, while the lowest is $8.50 (-42.72%) and the highest is $16.5 (+11.19%).

Price Target: $12.9 (-13.07%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$8.50	$12.9	$13	$16.5
Change	-42.72%	-13.07%	-12.40%	+11.19%

* Price targets were last updated on Apr 29, 2026.

Analyst Ratings

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

Recommendation Trends

Rating	Dec '25	Jan '26	Feb '26	Mar '26	Apr '26	May '26
Strong Buy	2	2	2	2	4	4
Buy	3	3	3	4	4	4
Hold	4	4	3	4	2	2
Sell	0	0	1	0	0	0
Strong Sell	1	1	1	1	1	1
Total	10	10	10	11	11	11

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Sandeep Deshpande J.P. Morgan	J.P. Morgan	Buy Maintains $8.2 → $14	Buy	Maintains	$8.2 → $14	-5.66%	Apr 29, 2026
Jim Kelleher Argus Research	Argus Research	Buy Upgrades $15	Buy	Upgrades	$15	+1.08%	Apr 25, 2026
Tim Savageaux Northland Securities	Northland Securities	Buy Reiterates $13	Buy	Reiterates	$13	-12.40%	Apr 24, 2026
Felix Henriksson Nordea Markets	Nordea Markets	Buy Upgrades n/a	Buy	Upgrades	n/a	n/a	Apr 24, 2026
Christian Schwab Craig-Hallum	Craig-Hallum	Buy Reiterates $15	Buy	Reiterates	$15	+1.08%	Apr 24, 2026

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	-	-	-	-	-	37.31	32.22
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 consensus ratings provided by S&P Global Market Intelligence. Historical ratings and analyst data provided by TipRanks. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data sources.