Nokia Oyj (NOK) Price Target Analysis
Updated Jul 2, 2026
Analyst Rating: Buy
Based on 52 analysts47.7% Below Target
NOK trades 47.7% below Wall Street's consensus target of $17.50.
Current Price$11.85
Average Target$17.50
Target
Current
Low$15.00
Median$17.50
High$20.00
Analyst Target Range
Forward P/E34.6x
(Growth Premium)
PEG Ratio—
Implied Growth+146.2%
(High Growth)
Analyst Spread28.6%
(High Agreement)
Price Forecast (1 Year)
Last 12 months price action with 12-month analyst target path
Consensus Scenario Assumptions
The base valuation assumes NOK achieves its forward estimates and maintains a stable P/E multiple of 34.6x. This scenario reflects the blended consensus of 52 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
NOK Price Target Analysis
Updated July 8, 2026As of July 8, 2026, Nokia Oyj (NOK) has a Wall Street consensus price target of $17.50, based on estimates from 52 covering analysts. With the stock currently trading at $11.85, this represents a potential upside of +47.7%. The company has a market capitalization of $67.81B.
Analyst price targets range from a low of $15.00 to a high of $20.00, representing a 29% spread in expectations. The median target of $17.50 aligns closely with the consensus average.
The current analyst consensus rating is Buy, with 32 analysts rating the stock as a Buy or Strong Buy,15 rating it Hold, and 5 rating it Sell or Strong Sell. The positive sentiment balance indicates moderate optimism about the stock prospects.
From a valuation perspective, NOK trades at a trailing P/E of 94.3x and forward P/E of 34.6x. Analysts expect EPS to grow +146.2% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $10.35, with bear and bull scenarios of $6.52 and $13.64 respectively. Model confidence stands at 43/100, suggesting limited visibility into future performance.
Investment Context: Price targets represent analyst expectations for the next 12 months and should be considered alongside your own research. Targets are based on analysts' assumptions about earnings growth, margins, and market conditions which may change. For sector-specific context, view other Technology stocks.
Analyst Sentiment Comparison
Industry Peer AnalysisAvg Peer Upside
+16.8%
Industry Consensus
Avg Forward P/E
35.5x
(Growth Premium)
Peers with Coverage
10 / 10
Active Analyst Tracking
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 ERICTelefonaktiebolaget LM Ericsson (publ) | $35.8B | $10.82 | $6.94 | -35.9% | Hold | 1.9x | 40 |
 CSCOCisco Systems, Inc. | $440.6B | $111.79 | $123.80 | +10.7% | Buy | 26.1x | 73 |
 HPEHewlett Packard Enterprise Company | $57.5B | $43.45 | $69.27 | +59.4% | Hold | 12.7x | 39 |
 CIENCiena Corporation | $59.3B | $418.91 | $493.42 | +17.8% | Buy | 64.1x | 42 |
 VIAVViavi Solutions Inc. | $9.3B | $40.22 | $39.00 | -3.0% | Buy | 42.9x | 19 |
 CALXCalix, Inc. | $2.4B | $38.41 | $61.00 | +58.8% | Buy | 21.6x | 21 |
 QCOMQUALCOMM Incorporated | $192.9B | $182.97 | $218.50 | +19.4% | Hold | 17.0x | 69 |
 MRVLMarvell Technology, Inc. | $201.8B | $230.70 | $250.58 | +8.6% | Buy | 56.9x | 73 |
 INTCIntel Corporation | $554.3B | $110.39 | $98.08 | -11.2% | Hold | 102.7x | 84 |
 TAT&T Inc. | $143.1B | $20.49 | $29.35 | +43.2% | Hold | 8.9x | 62 |
NOK — Frequently Asked Questions
Quick answers to the most common questions about buying NOK stock.
What is the NOK stock price target for 2026?
The consensus Wall Street price target for NOK is $17.5, representing 47.7% upside from the current price of $11.85. With 52 analysts covering the stock, this strong upside suggests significant value not yet reflected in today's share price.
Is NOK a buy, sell, or hold?
NOK has a consensus rating of "Buy" based on 52 Wall Street analysts. The rating breakdown is predominantly bullish, with 32 Buy/Strong Buy ratings. The consensus 12-month price target of $17.5 implies 47.7% upside from current levels.
Is NOK stock overvalued or undervalued?
NOK trades at a forward P/E of 34.5985x, representing a moderate valuation. With analysts targeting $17.5 (47.7% implied move), the stock appears reasonably valued with upside.
How high can NOK stock go?
The most bullish Wall Street analyst has a price target of $20 for NOK, while the most conservative target is $15. The consensus of $17.5 represents the median expectation. Our quantitative valuation model projects a bull case target of $14 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
How many analysts cover NOK stock?
NOK is heavily covered by Wall Street, with 52 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 32 have Buy ratings, 15 recommend Hold, and 5 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
What is the NOK stock forecast?
The 12-month NOK stock forecast based on 52 Wall Street analysts shows a consensus price target of $17.5, with estimates ranging from $15 (bear case) to $20 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $10, with bear/bull scenarios of $7/$14.
What is NOK's fair value based on fundamentals?
Our quantitative valuation model calculates NOK's fair value at $10 (base case), with a bear case of $7 and bull case of $14. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 43/100.
What is NOK's forward P/E ratio?
NOK trades at a forward P/E ratio of 34.6x based on next-twelve-months earnings estimates compared to a trailing P/E of 94.3x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Should I buy NOK stock?
Wall Street analysts are very optimistic on NOK, with a "Buy" consensus rating and $17.5 price target (47.7% upside). 32 of 52 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
Why do NOK price targets vary so much?
NOK analyst price targets range from $15 to $20, a 29% moderate spread showing some variance in outlooks. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $17.5 consensus represents the middle ground. Our model's $7-$14 range provides an independent fundamental perspective.
Consensus-Based Analysis Tools
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