JP Morgan Cuts Nokia Oyj (NOK) Price Target to $20.50
Key Points
- JP Morgan reiterated its Overweight rating on Nokia Oyj on October 23, 2026, adjusting its price target down to $20.50 from $21.00.
- JP Morgan's $20.50 price target implies 153.56% upside from Nokia Oyj's ($NOK) current $8.09 share price.
- Nokia Oyj pays an annual dividend rate of $0.16 per share, giving it a dividend yield of 1.71% with a payout ratio of 117.3%.
- Wall Street maintains a consensus buy recommendation on Nokia Oyj with a mean price target of $14.58 ahead of earnings on January 28, 2027.
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JP Morgan kept its Overweight rating on Nokia Oyj on October 23, 2026, while moving its price target from $21.00 down to $20.50.
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JP Morgan's Call on Nokia Oyj
In its research note on October 23, 2026, JP Morgan maintained an Overweight rating on the communication equipment maker while tweaking its price objective from the previous $21.00 level down to $20.50. Rosenblatt also issued an update on October 23, 2026, maintaining a Buy rating while lowering its target from $15.00 to $14.00.
Other Institutional Activity in Nokia Oyj
Arrowstreet Capital, Limited Partnership trimmed its stake by 3,683,342 shares, ending with 38,172,814 shares valued at roughly $309.0 million, representing an 8.8% decrease. Alkeon Capital Management LLC boosted its position by 18,000,000 shares to finish with 36,000,000 shares worth about $291.4 million, marking a 100.0% increase. Marshall Wace LLP grew its holdings by 23,049,132 shares, wrapping up the period with 33,023,225 shares worth approximately $267.3 million, or a 231.1% increase. Voya Investment Management LLC added 26,287,259 shares, finishing with 27,266,508 shares valued at about $220.7 million, which is a 2,684.4% increase. Nvidia Corp held steady with 166,389,351 shares worth roughly $1.35 billion.
Nokia Oyj Stock Down 12.6%
Nokia Oyj recently traded around $8.09 on October 23, 2026, close to its event-day closing price of $8.10. The stock has experienced a wide 52-week range, reaching a low of $5.84 and a high of $17.45.
$NOK price target
Nokia Oyj daily closes and this analyst's $20.50 target. Not advice.
Recent Earnings
Nokia Oyj posted trailing twelve-month revenue of $20.72 billion alongside a net profit margin of 3.8% and a return on equity of 3.9%. The firm's next financial results are scheduled for release on January 28, 2027.
Dividend
Nokia Oyj distributes an annual dividend rate of $0.16 per share, resulting in a dividend yield of 1.71%. The company's dividend payout ratio stands at 117.3%.
Analysts Set New Price Targets
Earlier analyst actions include Rosenblatt initiating coverage with a Buy rating and a $15.00 price target on September 15, 2026. B. Riley Securities also initiated coverage with a Buy rating and a $15.00 price target on September 17, 2026. Across the wider analyst community, the stock holds a consensus buy recommendation backed by 12 analyst opinions and a mean price target of $14.58.
About Nokia Oyj
Nokia Oyj, headquartered in Espoo, Finland, designs and delivers mobile, fixed, and cloud network infrastructure solutions for telecom operators and enterprise customers worldwide. The company operates through four main divisions spanning mobile networks, network infrastructure, cloud services, and technology licensing.
Bottom Line
Investors continue to track how market prices align with Wall Street expectations as the company heads toward its next earnings update on January 28, 2027.
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Source: JP Morgan's rating change on $NOK (Oct 23, 2026). Written by software, not financial advice. How we make alerts