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NYSE: NOK
Nokia Corp Stock Forecast, Predictions & Price Target

Analyst price target for NOK

Based on 1 analyst offering 12 month price targets for Nokia Corp.
Min Forecast
$7.00+46.14%
Avg Forecast
$7.00+46.14%
Max Forecast
$7.00+46.14%

Should I buy or sell NOK stock?

Based on 5 analysts offering ratings for Nokia Corp.
Buy
Strong Buy
2 analysts 40%
Buy
2 analysts 40%
Hold
1 analysts 20%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

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NOK stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
Raymond James
Bottom 11%
11
BuyMaintains$7.00+46.14%2023-01-27
Barclays
Bottom 30%
30
HoldInitiates Coverage OnN/AN/A2022-10-13
Redburn Partners
Bottom 47%
47
Strong BuyInitiates Coverage OnN/AN/A2022-09-26
Credit Suisse
Bottom 42%
42
BuyUpgradesN/AN/A2022-09-15
Kepler Cheuvreux
HoldDowngradesN/AN/A2022-07-22
Jefferies
Bottom 38%
38
Strong BuyInitiates Coverage OnN/AN/A2022-03-17

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Forecast return on equity

Is NOK forecast to generate an efficient return?
Company
14.95%
Industry
-27.99%
Market
47.84%
NOK's Return on Equity is... subscribe to Premium to read more.
Forecast High Return on Equity Forecast

Forecast return on assets

Is NOK forecast to generate an efficient return on assets?
Company
6.48%
Industry
12.39%
NOK is forecast to generate... subscribe to Premium to read more.
Forecast Return on Assets vs Industry Forecast

NOK earnings per share forecast

What is NOK's earnings per share in the next 2 years based on estimates from 6 analysts?
Avg 1 year Forecast
$0.48+45.45%
Avg 2 year Forecast
$0.51+54.55%
NOK's earnings are forecast to... subscribe to Premium to read more.
Forecast High Earnings Growth Forecast

NOK revenue forecast

What is NOK's revenue in the next 2 years based on estimates from 4 analysts?
Avg 1 year Forecast
$26.0B+3.12%
Avg 2 year Forecast
$26.8B+6.07%
NOK's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

NOK earnings growth forecast

How is NOK forecast to perform vs Communication Equipment companies and vs the US market?
Company
49.07%
Industry
38.22%
Market
84.98%
NOK's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Industry Forecast
NOK's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Market Forecast
NOK's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Savings Rate Forecast

NOK revenue growth forecast

How is NOK forecast to perform vs Communication Equipment companies and vs the US market?
Company
5.46%
Industry
8.96%
Market
70.6%
NOK's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
NOK's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

NOK vs Communication Equipment Stocks

TickerPricePrice TargetUp/downsideConsensus
NOK$4.79$7.00+46.14%Buy
HPE$16.33$16.50+1.04%Hold
ERIC$5.91$9.25+56.51%Buy
UI$283.89$298.00+4.97%Sell
ZBRA$330.81$400.67+21.12%Buy

Nokia Stock Forecast FAQ

Is Nokia Stock a good buy in 2023, according to Wall Street analysts?

The consensus among 5 Wall Street analysts covering (NYSE: NOK) stock is to Buy NOK stock.

Out of 5 analysts, 2 (40%) are recommending NOK as a Strong Buy, 2 (40%) are recommending NOK as a Buy, 1 (20%) are recommending NOK as a Hold, 0 (0%) are recommending NOK as a Sell, and 0 (0%) are recommending NOK as a Strong Sell.

If you're new to stock investing, here's how to buy Nokia stock.

What is NOK's earnings growth forecast for 2023-2024?

(NYSE: NOK) Nokia's forecast annual earnings growth rate of 49.07% is forecast to beat the US Communication Equipment industry's average forecast earnings growth rate of 38.22%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 84.98%.

Nokia's earnings in 2023 is $1,803,333,333.On average, 6 Wall Street analysts forecast NOK's earnings for 2023 to be $2,713,865,356, with the lowest NOK earnings forecast at $2,431,171,048, and the highest NOK earnings forecast at $2,996,559,664.

In 2024, NOK is forecast to generate $2,883,481,941 in earnings, with the lowest earnings forecast at $2,487,709,910 and the highest earnings forecast at $3,335,792,834.

What is NOK's revenue growth forecast for 2023-2024?

(NYSE: NOK) Nokia's forecast annual revenue growth rate of 5.46% is not forecast to beat the US Communication Equipment industry's average forecast revenue growth rate of 8.96%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 70.6%.

Nokia's revenue in 2023 is $24,668,888,888.On average, 4 Wall Street analysts forecast NOK's revenue for 2023 to be $147,093,746,905,349, with the lowest NOK revenue forecast at $141,910,111,419,852, and the highest NOK revenue forecast at $151,337,683,895,676.

In 2024, NOK is forecast to generate $151,306,644,060,663 in revenue, with the lowest revenue forecast at $144,731,457,152,054 and the highest revenue forecast at $157,881,830,969,272.

What is NOK's forecast return on assets (ROA) for 2023-2024?

(NYSE: NOK) forecast ROA is 6.48%, which is lower than the forecast US Communication Equipment industry average of 12.39%.

What is NOK's Price Target?

According to 1 Wall Street analyst that have issued a 1 year NOK price target, the average NOK price target is $7.00, with the highest NOK stock price forecast at $7.00 and the lowest NOK stock price forecast at $7.00.

The Wall Street analyst predicted that Nokia's share price could reach $7.00 by Jan 27, 2024. The average Nokia stock price prediction forecasts a potential upside of 46.14% from the current NOK share price of $4.79.

What is NOK's Earnings Per Share (EPS) forecast for 2023-2024?

(NYSE: NOK) Nokia's current Earnings Per Share (EPS) is $0.32. On average, analysts forecast that NOK's EPS will be $0.48 for 2023, with the lowest EPS forecast at $0.43, and the highest EPS forecast at $0.53. In 2024, NOK's EPS is forecast to hit $0.51 (min: $0.44, max: $0.59).

What is NOK's forecast return on equity (ROE) for 2023-2024?

(NYSE: NOK) forecast ROE is 14.95%, which is considered weak.
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