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Nokia Oyj has a consensus price target of $4.54 based on the ratings of 10 analysts. The high is $6.5 issued by Northland Capital Markets on September 4, 2024. The low is $3.4 issued by Goldman Sachs on December 19, 2023. The 3 most-recent analyst ratings were released by Northland Capital Markets, JP Morgan, and Goldman Sachs on September 4, 2024, April 16, 2024, and December 19, 2023, respectively. With an average price target of $4.72 between Northland Capital Markets, JP Morgan, and Goldman Sachs, there's an implied 10.28% upside for Nokia Oyj from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Nokia (NYSE:NOK) was reported by Northland Capital Markets on September 4, 2024. The analyst firm set a price target for $6.50 expecting NOK to rise to within 12 months (a possible 51.87% upside). 9 analyst firms have reported ratings in the last year.
The latest analyst rating for Nokia (NYSE:NOK) was provided by Northland Capital Markets, and Nokia reiterated their outperform rating.
The last upgrade for Nokia Oyj happened on September 15, 2022 when Credit Suisse raised their price target to N/A. Credit Suisse previously had a neutral for Nokia Oyj.
The last downgrade for Nokia Oyj happened on December 18, 2023 when Goldman Sachs changed their price target from $5.1 to $3.4 for Nokia Oyj.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Nokia, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Nokia was filed on September 4, 2024 so you should expect the next rating to be made available sometime around September 4, 2025.
While ratings are subjective and will change, the latest Nokia (NOK) rating was a reiterated with a price target of $6.00 to $6.50. The current price Nokia (NOK) is trading at is $4.28, which is out of the analyst’s predicted range.
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