JP Morgan Rates Nokia Oyj (NOK) buy, $21 Price Target
JP Morgan has reiterated its buy rating on Nokia Oyj, setting a price target of $21 following recent positive business developments, a 51.84% upside from the current price.
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JP Morgan rated Nokia Oyj ($NOK) "buy" with a $21 price target on June 12, 2026.
Since the rating, $NOK is down 2.5% after 1 week, down 21.0% after 1 month and down 38.2% to date (from the $14.80 close on Jun 12, 2026).
NOK
Nokia Oyj
Key Points
- JP Morgan has reiterated its buy rating on Nokia Oyj (NYSE: NOK) with a price target of $21, while the stock currently trades at $13.83.
- JP Morgan's $21 price target implies 51.84% upside from Nokia Oyj's ($NOK) current $13.83 share price.
- The company has seen a revenue growth of 8.4% and has a market cap of approximately $53.6 billion.
- Analysts have a consensus buy recommendation for Nokia, with a mean price target of about $14.97 from 12 opinions.
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Analysts Set New Price Targets
On June 12, 2026, JP Morgan reiterated its buy rating on Nokia Oyj (NYSE: NOK) with a price target of $21. The stock closed at $13.83 on the same day, suggesting significant upside potential based on JP Morgan's assessment.
Recent Analyst Opinions
In addition to JP Morgan, other analysts have recently initiated coverage on Nokia. B. Riley Securities initiated a buy rating with a target of $15.0 on September 17, 2026. Rosenblatt also initiated a buy rating with the same target of $15.0 on September 15, 2026. This growing interest from analysts reflects confidence in Nokia's future performance.
How Nokia Oyj Stock Has Traded
Nokia's stock is currently trading at $13.83, which is well above its 52-week low of $5.45. This position indicates a strong recovery and growth trajectory for the company. The stock is also approaching its 52-week high of $17.45, highlighting investor optimism.
$NOK price target
Nokia Oyj daily closes and this analyst's $21 target. Not advice.
What Nokia Oyj Does
Nokia Oyj provides a wide range of network solutions, including mobile and fixed network technologies. The company operates in several segments, including Network Infrastructure and Mobile Networks, and serves clients across various industries worldwide.
What to Watch at Nokia Oyj
Nokia is set to report its next earnings on October 22, 2026. As the company continues to innovate and expand its offerings, further analyst updates and earnings results will be important to monitor for potential impacts on its stock performance.
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Source: JP Morgan's rating change on $NOK (Jun 12, 2026). Written by software, not financial advice. How we make alerts