Nokia Oyj Stock Forecast

Stock Price Forecast

The 2 analysts with 12-month price forecasts for Nokia Oyj stock have an average target of 7.50, with a low estimate of 7.00 and a high estimate of 8.00. The average target predicts an increase of 23.56% from the current stock price of 6.07.

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$7.00	$7.50	$8.00	$8.00
Change	+15.32%	+23.56%	+31.80%	+31.80%

Analyst Ratings

The average analyst rating for Nokia Oyj stock from 3 stock analysts 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	Jul '25	Aug '25	Sep '25	Oct '25	Nov '25	Dec '25
Strong Buy	1	1	1	2	2	2
Buy	2	2	2	1	1	1
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	3

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Sandeep Deshpande JP Morgan	JP Morgan	Buy Maintains $7.1 → $8	Buy	Maintains	$7.1 → $8	+31.80%	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	+16.97%	Oct 24, 2025
Sandeep Deshpande JP Morgan	JP Morgan	Buy Maintains $6.5 → $6	Buy	Maintains	$6.5 → $6	-1.15%	Jul 29, 2025
Sandeep Deshpande JP Morgan	JP Morgan	Buy Maintains $6.35 → $6.3	Buy	Maintains	$6.35 → $6.3	+3.79%	Feb 21, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

20.42B

from 19.22B

6.23%

from 19.22B

Revenue Next Year

21.18B

from 20.42B

3.74%

from 20.42B

EPS This Year

0.27

from 0.23

18.45%

from 0.23

EPS Next Year

0.35

from 0.27

28.13%

from 0.27

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	21.85B	22.20B	23.76B	21.14B	19.22B	20.42B	21.18B
Revenue Growth	-6.28%	1.60%	7.02%	-11.04%	-9.07%	6.23%	3.74%
EPS	-0.45	0.29	0.75	0.12	0.23	0.27	0.35
EPS Growth	-	-	160.17%	-84.02%	91.94%	18.45%	28.13%
Forward PE	-	-	-	-	-	19.13	14.93
No. Analysts	-	-	-	-	-	29	29

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

Revenue Forecast

Revenue	2025	2026
High	21.2B	22.1B
Avg	20.4B	21.2B
Low	18.9B	19.3B

Revenue Growth

Revenue Growth	2025	2026
High	10.5%	8.3%
Avg	6.2%	3.7%
Low	-1.4%	-5.5%

EPS Forecast

EPS	2025	2026
High	0.33	0.48
Avg	0.27	0.35
Low	0.18	0.27

EPS Growth

EPS Growth	2025	2026
High	41.5%	77.3%
Avg	18.5%	28.1%
Low	-20.3%	0.7%

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.