JPMorgan Chase & Co. Issues Pessimistic Forecast for Nokia (NYSE:NOK) Stock Price

Nokia (NYSE:NOK) had its target price lowered by investment analysts at JPMorgan Chase & Co. from $21.00 to $20.50 in a note issued to investors on Friday, Benzinga reports. The firm currently has an “overweight” rating on the technology company’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 152.90% from the stock’s previous close.

Several other research analysts also recently commented on the company. UBS Group reiterated a “neutral” rating on shares of Nokia in a research note on Wednesday, July 1st. B. Riley Financial started coverage on Nokia in a research note on Thursday, September 17th. They issued a “buy” rating and a $15.00 price target on the stock. Rosenblatt Securities reduced their price objective on shares of Nokia from $15.00 to $14.00 and set a “buy” rating for the company in a research report on Friday. Sanford C. Bernstein reiterated a “neutral” rating on shares of Nokia in a report on Thursday, July 23rd. Finally, Barclays restated a “sell” rating on shares of Nokia in a research note on Monday, June 29th. Sixteen investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $13.41.

Nokia Stock Performance

Shares of NOK stock traded up $0.23 on Friday, reaching $8.11. The stock had a trading volume of 51,105,338 shares, compared to its average volume of 80,985,117. The company has a quick ratio of 1.22, a current ratio of 1.50 and a debt-to-equity ratio of 0.09. The firm’s 50-day moving average is $10.16 and its two-hundred day moving average is $11.45. The firm has a market capitalization of $46.55 billion, a price-to-earnings ratio of 57.96, a P/E/G ratio of 1.10 and a beta of 1.19. Nokia has a 12 month low of $5.86 and a 12 month high of $17.45.

Nokia (NYSE:NOK) last posted its quarterly earnings results on Thursday, October 22nd. The technology company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.02. The business had revenue of $5.84 billion during the quarter, compared to analysts’ expectations of $5.72 billion. Nokia had a return on equity of 9.83% and a net margin of 3.49%. Nokia’s quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter last year, the company posted $0.06 earnings per share. On average, research analysts expect that Nokia will post 0.39 EPS for the current fiscal year.

Institutional Trading of Nokia

Several institutional investors have recently added to or reduced their stakes in the company. IFP Advisors Inc increased its position in Nokia by 1,152.7% during the 2nd quarter. IFP Advisors Inc now owns 7,942 shares of the technology company’s stock worth $105,000 after buying an additional 7,308 shares during the period. Gateway Wealth Partners LLC acquired a new stake in shares of Nokia during the first quarter worth $81,000. Waverly Advisors LLC bought a new stake in shares of Nokia in the first quarter valued at about $82,000. Foster Group Inc. bought a new stake in shares of Nokia in the second quarter valued at about $138,000. Finally, Wedmont Private Capital acquired a new position in shares of Nokia in the third quarter valued at about $110,000. 5.28% of the stock is currently owned by institutional investors.

Nokia News Summary

Here are the key news stories impacting Nokia this week:

• Positive Sentiment: AI and cloud demand drove a major earnings beat. Third-quarter revenue increased approximately 10% year over year to €5.154 billion, while comparable operating profit rose 35% to €605 million. Sales to AI and cloud customers surged 123%, with IP Networks revenue up 43% and Optical Networks revenue up 18%. Nokia’s Q3 Earnings Beat Estimates on AI & Cloud Strength
• Positive Sentiment: Fourth-quarter guidance was broadly in line with expectations. Nokia projected fourth-quarter revenue of $7.1 billion to $7.4 billion, compared with the $7.3 billion consensus estimate, helping reinforce expectations for continued demand from data-center and AI infrastructure customers.
• Positive Sentiment: AI networking initiatives are expanding Nokia’s growth opportunity. Collaborations with NVIDIA, Supermicro, Elisa and others are advancing AI-RAN toward commercial deployment, while Nokia is using Cadence’s AI tools to accelerate electronic system design. Cadence AI Super Agents Enable Nokia to Accelerate Electronic System Design
• Neutral Sentiment: Rosenblatt maintained a Buy rating but reduced its price target. The target was lowered from $15 to $14, suggesting analysts see substantial upside while acknowledging valuation or execution risks.
• Negative Sentiment: Supply-chain inflation and cash-flow concerns temper the results. Nokia’s CEO described supply constraints as a structural cost increase, not merely a temporary shortage, and said the traditional telecom market may remain flat. The stock also faced broader selling across AI-related technology shares despite the earnings beat. Why Nokia Sank Today

Nokia Company Profile

Nokia Oyj is a Finland-based technology company that provides communications networking equipment, software and related services to telecommunications operators, enterprises, governments and other organizations worldwide. Its offerings support fixed and mobile broadband, optical and IP networks, data centers, cloud environments and private wireless communications.

The company’s business activities include mobile network infrastructure, network automation and management software, fiber and broadband access, optical networking, routing, data-center networking, and cloud and network services.