Nokia (NYSE:NOK) Reaches New 12-Month High After Analyst Upgrade

Shares of Nokia Corporation (NYSE:NOK) hit a new 52-week high during mid-day trading on Tuesday after Bank of America upgraded the stock from a neutral rating to a buy rating. Bank of America now has a $12.40 price target on the stock. Nokia traded as high as $10.48 and last traded at $10.3830, with a volume of 152896398 shares. The stock had previously closed at $9.46.

A number of other brokerages have also issued reports on NOK. Argus raised Nokia to a “hold” rating in a research note on Wednesday, February 11th. Citigroup reissued a “sell” rating on shares of Nokia in a research note on Friday, January 23rd. The Goldman Sachs Group raised shares of Nokia from a “sell” rating to a “neutral” rating in a research note on Monday, March 30th. Santander raised shares of Nokia from a “neutral” rating to an “outperform” rating in a report on Monday, February 2nd. Finally, Arete Research downgraded shares of Nokia from a “buy” rating to a “neutral” rating in a research note on Friday, March 13th. Nine analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $7.91.

Key Headlines Impacting Nokia

Here are the key news stories impacting Nokia this week:

• Positive Sentiment: Bank of America upgraded Nokia to Buy, citing strength in optical, AI infrastructure and Wi‑Fi/fiber offerings — a catalyst that has been driving investor interest. Article Title
• Positive Sentiment: Nokia expanded a strategic AI‑RAN initiative with Orange and NVIDIA to co‑create AI‑driven RAN use cases (spectral efficiency, predictive optimization, ISAC), reinforcing Nokia’s positioning in AI networking and hyperscaler/enterprise demand. Article Title
• Positive Sentiment: ABI Research named Nokia a leader in Network API platforms for internal exposure — an endorsement for Nokia’s software and API strategy as 5G Standalone adoption grows. Article Title
• Positive Sentiment: Nokia was highlighted by Jefferies and broader coverage as one of the better positioned “AI networking” or AI‑related tech names in Europe, which supports continued investor rotation into Nokia. Article Title
• Positive Sentiment: Nokia won a commercial CBRS/indoor deal with InfiniG, positioning it for enterprise private‑5G and future AI‑RAN deployments at the enterprise edge. Article Title
• Neutral Sentiment: Broker consensus has been lifting toward “Moderate Buy,” reflecting analyst momentum but not guaranteeing near‑term upside. Article Title
• Neutral Sentiment: Trading activity is elevated (74.6M vs avg ~52.7M), showing heavy interest and higher volatility after a large prior run‑up; upcoming earnings and guidance will be the next concrete catalysts.
• Negative Sentiment: Despite the positive headlines, shares pulled back today — likely profit‑taking and rotation after a strong multi‑month rally (large recent % gains). Valuation remains stretched (high P/E), which makes the stock vulnerable to short‑term reversals if execution or macro sentiment weakens. Article Title

Hedge Funds Weigh In On Nokia

A number of institutional investors have recently bought and sold shares of NOK. Pzena Investment Management LLC grew its stake in shares of Nokia by 14.5% in the 4th quarter. Pzena Investment Management LLC now owns 91,942,507 shares of the technology company’s stock valued at $594,868,000 after buying an additional 11,612,590 shares during the period. Arrowstreet Capital Limited Partnership raised its position in shares of Nokia by 9.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 47,321,058 shares of the technology company’s stock valued at $306,167,000 after buying an additional 3,896,363 shares during the period. Alyeska Investment Group L.P. raised its position in shares of Nokia by 171.0% during the 4th quarter. Alyeska Investment Group L.P. now owns 17,490,101 shares of the technology company’s stock valued at $113,161,000 after buying an additional 11,035,002 shares during the period. Folketrygdfondet raised its position in shares of Nokia by 66.6% during the 3rd quarter. Folketrygdfondet now owns 17,380,530 shares of the technology company’s stock valued at $83,600,000 after buying an additional 6,950,487 shares during the period. Finally, Analog Century Management LP purchased a new stake in shares of Nokia during the 4th quarter valued at approximately $104,244,000. 5.28% of the stock is owned by hedge funds and other institutional investors.

Nokia Stock Performance

The firm has a 50 day simple moving average of $8.13 and a 200-day simple moving average of $6.92. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.58 and a quick ratio of 1.36. The company has a market cap of $57.47 billion, a price-to-earnings ratio of 76.99, a PEG ratio of 1.88 and a beta of 0.77.

Nokia (NYSE:NOK) last posted its earnings results on Thursday, March 5th. The technology company reported $0.11 earnings per share (EPS) for the quarter. The company had revenue of $7.19 billion during the quarter. Nokia had a return on equity of 8.54% and a net margin of 3.41%. As a group, analysts predict that Nokia Corporation will post 0.34 EPS for the current fiscal year.

Nokia Company Profile

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.