Nokia Oyj (NOK)

Nokia Oyj Stock Forecast

Stock Price Forecast

The 4 analysts with 12-month price forecasts for Nokia Oyj stock have an average target of 4.42, with a low estimate of 3.40 and a high estimate of 6.00. The average target predicts an increase of 21.10% from the current stock price of 3.65.

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$3.40	$4.42	$4.26	$6.00
Change	-6.85%	+21.10%	+16.71%	+64.38%

Analyst Ratings

The average analyst rating for Nokia Oyj stock from 5 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Nov '23	Dec '23	Jan '24	Feb '24	Mar '24	Apr '24
Strong Buy	1	0	0	0	0	0
Buy	3	3	3	3	3	2
Hold	0	1	1	1	1	2
Sell	0	0	0	0	0	0
Strong Sell	0	1	1	1	1	1
Total	4	5	5	5	5	5

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Sandeep Deshpande JP Morgan	JP Morgan	Hold Maintains $4.39 → $4.26	Hold	Maintains	$4.39 → $4.26	+16.71%	Apr 16, 2024
Alexander Duval Goldman Sachs	Goldman Sachs	Hold Maintains $5.1 → $3.4	Hold	Maintains	$5.1 → $3.4	-6.85%	Dec 19, 2023
Alexander Duval Goldman Sachs	Goldman Sachs	Strong Buy → Hold Downgrades $5.1 → $3.4	Strong Buy → Hold	Downgrades	$5.1 → $3.4	-6.85%	Dec 18, 2023
Andrew Gardiner Citigroup	Citigroup	Strong Buy → Strong Sell Downgrades n/a	Strong Buy → Strong Sell	Downgrades	n/a	n/a	Dec 15, 2023
Simon Leopold Raymond James	Raymond James	Buy Maintains $4.5 → $4	Buy	Maintains	$4.5 → $4	+9.59%	Dec 13, 2023

More Analyst Ratings

Financial Forecast

Revenue This Year

22.39B

Increased by 0.61%

from 22.26B

Revenue Next Year

22.55B

Increased by 0.71%

from 22.39B

EPS This Year

0.35

Increased by 192.15%

from 0.12

EPS Next Year

0.35

Decreased by -1.18%

from 0.35

Year	2019	2020	2021	2022	2023	2024	2025	2026	2027
Revenue	23.32B	21.85B	22.20B	24.91B	22.26B	22.39B	22.55B	22.84B	25.40B
Revenue Growth	3.33%	-6.27%	1.60%	12.20%	-10.65%	0.61%	0.71%	1.27%	11.19%
EPS	-	-0.45	0.29	0.74	0.12	0.35	0.35	0.38	0.47
EPS Growth	-	-	-	155.17%	-83.78%	192.15%	-1.18%	9.19%	24.81%
No. Analysts	-	-	-	-	-	25	25	16	4

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

Revenue Forecast

Revenue	2024	2025	2026	2027
High	24.3B	24.5B	24.7B	25.9B
Avg	22.4B	22.6B	22.8B	25.4B
Low	19.5B	18.7B	18.5B	24.2B

Revenue Growth

Revenue Growth	2024	2025	2026	2027
High	9.1%	9.3%	9.6%	13.3%
Avg	0.6%	0.7%	1.3%	11.2%
Low	-12.3%	-16.3%	-18.1%	5.8%

EPS Forecast

EPS	2024	2025	2026	2027
High	0.43	0.44	0.51	0.48
Avg	0.35	0.35	0.38	0.47
Low	0.29	0.26	0.29	0.45

EPS Growth

EPS Growth	2024	2025	2026	2027
High	258.8%	25.8%	48.5%	27.2%
Avg	192.2%	-1.2%	9.2%	24.8%
Low	145.0%	-24.5%	-15.1%	18.8%

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.