Nokia Oyj Stock Forecast

Stock Price Forecast

The 3 analysts with 12-month price forecasts for Nokia Oyj stock have an average target of 10.33, with a low estimate of 8.00 and a high estimate of 15. The average target predicts a decrease of -8.58% from the current stock price of 11.30.

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$8.00	$10.33	$8.00	$15
Change	-29.20%	-8.58%	-29.20%	+32.74%

Analyst Ratings

The average analyst rating for Nokia Oyj stock from 4 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	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	+32.74%	Apr 27, 2026
Terrance Tsul Morgan Stanley	Morgan Stanley	Buy Initiates $8	Buy	Initiates	$8	-29.20%	Feb 9, 2026
Sandeep Deshpande JP Morgan	JP Morgan	Buy Maintains $7.1 → $8	Buy	Maintains	$7.1 → $8	-29.20%	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	-37.17%	Oct 24, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

21.16B

from 19.89B

6.41%

from 19.89B

Revenue Next Year

22.03B

from 21.16B

4.10%

from 21.16B

EPS This Year

0.33

from 0.11

185.60%

from 0.11

EPS Next Year

0.38

from 0.33

16.11%

from 0.33

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	21.16B	22.03B
Revenue Growth	1.60%	7.02%	-11.04%	-9.07%	3.48%	6.41%	4.10%
EPS	0.29	0.75	0.12	0.23	0.11	0.33	0.38
EPS Growth	-	160.17%	-84.62%	101.78%	-51.03%	185.60%	16.11%
Forward PE	-	-	-	-	-	29.63	25.52
No. Analysts	-	-	-	-	-	30	29

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

Revenue Forecast

Revenue	2026	2027
High	22.1B	23.4B
Avg	21.2B	22.0B
Low	19.7B	20.5B

Revenue Growth

Revenue Growth	2026	2027
High	10.9%	10.5%
Avg	6.4%	4.1%
Low	-1.0%	-3.0%

EPS Forecast

EPS	2026	2027
High	0.38	0.46
Avg	0.33	0.38
Low	0.27	0.31

EPS Growth

EPS Growth	2026	2027
High	231.6%	41.9%
Avg	185.6%	16.1%
Low	140.7%	-4.3%

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.