Rosenblatt Cuts Nokia Oyj (NOK) Price Target to $14
Key Points
- Rosenblatt kept its Buy rating on Nokia Oyj on October 23, 2026, lowering its price target to $14.00 from $15.00.
- Rosenblatt's $14 price target implies 71.43% upside from Nokia Oyj's ($NOK) current $8.17 share price.
- Nokia Oyj recently traded around $8.17, sitting below its 50-day moving average of $10.17 and its 200-day moving average of $10.24.
- The wider analyst community holds a consensus buy rating on the stock with a mean price target of $14.58 across 12 opinions.
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On October 23, 2026, Rosenblatt maintained its Buy rating on Nokia Oyj (NYSE: NOK) while lowering its price target from $15.00 to $14.00. The research note update arrived during the trading session, reflecting the firm's ongoing outlook on the communications equipment provider.
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Rosenblatt's Call on Nokia Oyj
On October 23, 2026, Rosenblatt maintained its Buy rating on Nokia Oyj and lowered its price target to $14.00 from $15.00. Earlier, on September 15, 2026, the firm had initiated coverage on the stock with a Buy rating and a $15.00 price target. The new target of $14.00 sits above the recent trading price of $8.17.
Other Institutional Activity in Nokia Oyj
Major institutional investors adjusted their holdings in Nokia Oyj during recent reporting periods. Nvidia Corp held 166,389,351 shares valued at $1,355,241,340.00, keeping its stake unchanged with a 0.0% change. Arrowstreet Capital, Limited Partnership reduced its holdings by 3,683,342 shares, ending with 38,172,814 shares worth about $310,917,587.00, marking an 8.8% decrease. Alkeon Capital Management LLC grew its holdings by 18,000,000 shares, ending with 36,000,000 shares worth about $293,220,016.00, a 100.0% increase. Marshall Wace LLP grew its holdings by 23,049,132 shares, ending with 33,023,225 shares worth about $268,974,182.00, a 231.1% increase. Voya Investment Management LLC grew its holdings by 26,287,259 shares, ending with 27,266,508 shares worth about $222,085,720.00, a 2,684.4% increase.
Nokia Oyj Stock Down 11.7%
Nokia Oyj closed at $8.15 on October 23, 2026, and recently traded at $8.17, up about 0.2% since that close. The recent price sits below its 50-day moving average of $10.17 and its 200-day moving average of $10.24. Shares have traded between a 52-week low of $5.84 and a 52-week high of $17.45.
$NOK price target
Nokia Oyj daily closes and this analyst's $14 target. Not advice.
Recent Earnings
Nokia Oyj reported trailing twelve-month revenue of $20,720,001,024.00 alongside trailing earnings per share of $0.12. The company posted a net profit margin of 3.8% and a return on equity of 3.9%, with a year-over-year revenue growth rate of 6.8%. Its next earnings report is scheduled for January 28, 2027.
Dividend
Nokia Oyj pays an annual dividend rate of $0.16 per share, representing a dividend yield of 1.71%. The company's dividend payout ratio currently stands at 117.3%.
Analysts Set New Price Targets
Prior to the update from Rosenblatt, B. Riley Securities initiated coverage on the stock on September 17, 2026, with a Buy rating and a $15.00 price target. Across the broader analyst community, the stock carries a consensus buy recommendation with a mean price target of $14.58 based on 12 analyst opinions.
About Nokia Oyj
Headquartered in Espoo, Finland, Nokia Oyj operates as a provider of mobile, fixed, and cloud network solutions across global markets. The company structures its business operations through four segments: Network Infrastructure, Mobile Networks, Cloud and Network Services, and Nokia Technologies. Institutional interest and analyst updates continue to track the company's progress across these tech sectors.
Bottom Line
Investors will watch how the stock performs relative to Rosenblatt's updated $14.00 price target and upcoming financial disclosures. The company's next earnings report on January 28, 2027, will offer further details on operational results.
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Source: Rosenblatt's rating change on $NOK (Oct 23, 2026). Written by software, not financial advice. How we make alerts