Nokia (NYSE:NOK) Stock Price Up 2.6% on Analyst Upgrade

Nokia Corporation (NYSE:NOK)’s stock price rose 2.6% on Monday after Argus upgraded the stock from a hold rating to a buy rating. Argus now has a $15.00 price target on the stock. Nokia traded as high as $11.30 and last traded at $10.7350. Approximately 140,874,982 shares traded hands during trading, an increase of 145% from the average daily volume of 57,503,570 shares. The stock had previously closed at $10.46.

Several other analysts have also recently weighed in on the company. Nordea Equity Research raised Nokia from a “hold” rating to a “buy” rating in a report on Friday. Wall Street Zen raised Nokia from a “hold” rating to a “buy” rating in a report on Saturday. The Goldman Sachs Group raised Nokia from a “sell” rating to a “neutral” rating in a report on Monday, March 30th. Morgan Stanley initiated coverage on Nokia in a report on Monday, February 9th. They set an “overweight” rating and a $8.00 price target for the company. Finally, Danske cut Nokia from a “buy” rating to a “hold” rating in a report on Tuesday, February 24th. Eleven analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Nokia has an average rating of “Moderate Buy” and a consensus price target of $9.71.

Key Nokia News

Here are the key news stories impacting Nokia this week:

• Positive Sentiment: AI-driven outlook lift — Coverage notes Nokia’s Q1 beat and sharply improved outlook as cloud/hyperscaler and AI networking demand accelerate, which supports revenue and margin re-rating. Nokia is starting to look different and AI is a big reason
• Positive Sentiment: Analyst upgrade — Argus upgraded NOK from Hold to Buy with a $15 price target (about ~40% upside vs. recent levels), providing a clear bullish catalyst for momentum traders and longer-term investors. Argus Upgrades Nokia to Buy
• Positive Sentiment: Major institutional backing — Reports show Nvidia holds a meaningful Nokia position (~166.4M ADRs reported) and earlier invested ~$1B; that placement signals strategic alignment with AI infrastructure players and lends credibility to the AI narrative. Nvidia is quietly betting 8% of its portfolio on this $10 stock
• Positive Sentiment: Strategic partnerships — New alliances with Orange and RUCKUS to co-develop AI-powered 5G RAN solutions and integrated Wi‑Fi 7 / fiber LAN offerings position Nokia to capture enterprise and operator AI networking spend. Nokia Alliances With Orange And RUCKUS Test AI Network Rerating
• Positive Sentiment: High-profile investor interest — Coverage highlights a stake by Oaktree/Howard Marks among other institutional holders, which can attract further investor attention and reduce perceived risk for some buyers. Howard Marks Likes Upside Potential of This Stock
• Neutral Sentiment: Market narrative / media coverage — Multiple outlets report the stock hitting multi‑year highs and increased media attention (podcasts, feature pieces). This raises visibility but can also amplify short‑term volatility. Nokia stock surges to 16-year high
• Negative Sentiment: Competitive pressure: Ciena comparison — Recent analyst pieces comparing Ciena (CIEN) vs. Nokia paint Ciena as stronger in near-term AI-driven optical/networking demand (larger backlog, record revenue), suggesting Nokia faces stiff competition for hyperscaler spend. Ciena vs. Nokia: Which Networking Stock is the Better Buy Now?

Hedge Funds Weigh In On Nokia

Hedge funds have recently added to or reduced their stakes in the stock. Fifth Third Bancorp increased its stake in Nokia by 248.7% during the 4th quarter. Fifth Third Bancorp now owns 3,815 shares of the technology company’s stock worth $25,000 after acquiring an additional 2,721 shares during the period. FNY Investment Advisers LLC increased its stake in Nokia by 33,457.1% during the 4th quarter. FNY Investment Advisers LLC now owns 4,698 shares of the technology company’s stock worth $30,000 after acquiring an additional 4,684 shares during the period. Dorato Capital Management bought a new position in Nokia during the 4th quarter worth $31,000. Smithfield Trust Co bought a new position in Nokia during the 4th quarter worth $35,000. Finally, Wexford Capital LP bought a new position in Nokia during the 3rd quarter worth $29,000. Institutional investors own 5.28% of the company’s stock.

Nokia Stock Performance

The stock has a 50 day simple moving average of $8.65 and a 200 day simple moving average of $7.24. The company has a current ratio of 1.58, a quick ratio of 1.36 and a debt-to-equity ratio of 0.11. The stock has a market cap of $61.64 billion, a P/E ratio of 67.10, a price-to-earnings-growth ratio of 2.02 and a beta of 0.77.

Nokia (NYSE:NOK) last issued its quarterly earnings results on Tuesday, March 31st. The technology company reported $0.06 earnings per share (EPS) for the quarter. Nokia had a return on equity of 9.22% and a net margin of 4.02%.The company had revenue of $5.21 billion for the quarter. On average, equities analysts expect that Nokia Corporation will post 0.4 earnings per share for the current year.

Nokia Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 12th. Stockholders of record on Tuesday, April 28th will be paid a $0.0468 dividend. This represents a $0.19 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Tuesday, April 28th. This is a positive change from Nokia’s previous quarterly dividend of $0.04. Nokia’s dividend payout ratio is 56.25%.

About Nokia

Nokia Corporation, headquartered in Espoo, Finland, is a global telecommunications and technology company with roots dating back to 1865. Over its long history the company moved from forestry and cable operations into electronics and telecommunications, becoming widely known in the 1990s and 2000s for its mobile phones. In recent years Nokia refocused its business toward network infrastructure, software and technology licensing, and research and development, following the divestiture of its handset manufacturing business and the acquisition of Alcatel‑Lucent in 2016, which brought Bell Labs into its portfolio.

Today Nokia’s core activities center on designing, building and supporting communications networks and related software.