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

Analyst price target for NOK

Based on 3 analysts offering 12 month price targets for Nokia Corp.
Min Forecast
$3.40-4.49%
Avg Forecast
$4.75+33.43%
Max Forecast
$6.85+92.42%

Should I buy or sell NOK stock?

Based on 3 analysts offering ratings for Nokia Corp.
Buy
Strong Buy
1 analysts 33.33%
Buy
1 analysts 33.33%
Hold
1 analysts 33.33%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

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NOK stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
lockedlocked$00.00+00.00%2023-12-19
lockedlocked$00.00+00.00%2023-12-13
lockedlocked$00.00+00.00%2023-10-17

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Forecast return on equity

Is NOK forecast to generate an efficient return?
Company
N/A
Industry
16.48%
Market
20.29%

Forecast return on assets

Is NOK forecast to generate an efficient return on assets?
Company
N/A
Industry
7.66%

NOK revenue forecast

What is NOK's revenue in the next 3 years based on estimates from 5 analysts?
Avg 1 year Forecast
$23.6B-10.82%
Avg 2 year Forecast
$24.1B-8.93%
Avg 3 year Forecast
$25.0B-5.73%
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
-50.15%
Industry
12.37%
Market
30.27%
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
-4.88%
Industry
-0.2%
Market
11.16%
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$3.56$4.75+33.43%Buy
HPE$14.86$18.29+23.06%Buy
ERIC$5.42$7.78+43.54%Strong Buy
ZBRA$272.80$279.00+2.27%Buy
JNPR$37.05$35.00-5.53%Hold

Nokia Stock Forecast FAQ

Is Nokia Stock a good buy in 2024, according to Wall Street analysts?

The consensus among 3 Wall Street analysts covering (NYSE: NOK) stock is to Buy NOK stock.

Out of 3 analysts, 1 (33.33%) are recommending NOK as a Strong Buy, 1 (33.33%) are recommending NOK as a Buy, 1 (33.33%) 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 revenue growth forecast for 2024-2026?

(NYSE: NOK) Nokia's forecast annual revenue growth rate of -4.88% is not forecast to beat the US Communication Equipment industry's average forecast revenue growth rate of -0.2%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 11.16%.

Nokia's revenue in 2024 is $26,786,021,505.On average, 5 Wall Street analysts forecast NOK's revenue for 2024 to be $133,108,235,053,345, with the lowest NOK revenue forecast at $128,996,511,383,128, and the highest NOK revenue forecast at $135,473,653,595,528. On average, 4 Wall Street analysts forecast NOK's revenue for 2025 to be $135,931,514,330,076, with the lowest NOK revenue forecast at $134,054,145,637,449, and the highest NOK revenue forecast at $138,629,598,896,288.

In 2026, NOK is forecast to generate $140,712,450,701,381 in revenue, with the lowest revenue forecast at $140,712,422,539,893 and the highest revenue forecast at $140,712,478,862,869.

What is NOK's forecast return on assets (ROA) for 2024-2026?

(NYSE: NOK) forecast ROA is N/A, which is lower than the forecast US Communication Equipment industry average of 7.66%.

What is NOK's Price Target?

According to 3 Wall Street analysts that have issued a 1 year NOK price target, the average NOK price target is $4.75, with the highest NOK stock price forecast at $6.85 and the lowest NOK stock price forecast at $3.40.

On average, Wall Street analysts predict that Nokia's share price could reach $4.75 by Dec 19, 2024. The average Nokia stock price prediction forecasts a potential upside of 33.43% from the current NOK share price of $3.56.

What is NOK's forecast return on equity (ROE) for 2024-2026?

(NYSE: NOK) forecast ROE is N/A, which is considered weak.
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