Nokia (NYSE:NOK) Trading Down 3.3% – Should You Sell?

Nokia Corporation (NYSE:NOK)’s share price dropped 3.3% during mid-day trading on Wednesday . The company traded as low as $13.32 and last traded at $13.39. Approximately 95,704,398 shares were traded during trading, an increase of 24% from the average daily volume of 77,110,602 shares. The stock had previously closed at $13.85.

Key Stories Impacting Nokia

Here are the key news stories impacting Nokia this week:

• Positive Sentiment: JPMorgan Chase & Co. raised its price target on Nokia from $14.00 to $21.00 and kept an overweight rating, signaling confidence in roughly 42% upside from current levels.
• Positive Sentiment: Investors are reacting to Nokia’s new trust-based, agentic AI framework for its Network Services Platform, which could improve network operations, reduce troubleshooting time, and strengthen Nokia’s AI-driven product story. Article Title
• Positive Sentiment: Additional commentary from analysts and market coverage suggested Nokia could see faster order growth in 2026, with the company’s push into AI-powered networks viewed as a key longer-term growth driver.
• Positive Sentiment: Recent bullish research also highlighted Nokia’s optical networking transformation, margin expansion potential, and growing AI/cloud exposure as reasons the market may not yet be fully pricing in the upside.
• Neutral Sentiment: One Seeking Alpha piece took a more cautious view, arguing that AI is an opportunity but not a transformative miracle, which adds some balance to the bullish narrative.

Wall Street Analysts Forecast Growth

NOK has been the topic of a number of research reports. Barclays reiterated an “underweight” rating on shares of Nokia in a research report on Wednesday, April 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of Nokia in a research report on Tuesday. JPMorgan Chase & Co. boosted their target price on shares of Nokia from $14.00 to $21.00 and gave the company an “overweight” rating in a research report on Friday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Nokia in a research report on Friday, May 15th. Finally, Bank of America upgraded shares of Nokia from a “neutral” rating to a “buy” rating and set a $12.40 target price on the stock in a research report on Monday, April 13th. Twelve equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $12.57.

Nokia Stock Performance

The company has a debt-to-equity ratio of 0.11, a current ratio of 1.57 and a quick ratio of 1.32. The company’s fifty day simple moving average is $12.59 and its two-hundred day simple moving average is $8.97. The stock has a market cap of $84.99 billion, a price-to-earnings ratio of 92.51, a P/E/G ratio of 2.60 and a beta of 1.15.

Nokia (NYSE:NOK) last released its quarterly earnings data on Tuesday, March 31st. The technology company reported $0.06 earnings per share for the quarter. Nokia had a net margin of 4.02% and a return on equity of 9.05%. The firm had revenue of $5.21 billion for the quarter. On average, analysts forecast that Nokia Corporation will post 0.4 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Militia Capital Management LLC acquired a new position in Nokia during the first quarter worth $2,412,000. DV Trading LLC purchased a new position in Nokia during the first quarter worth about $111,000. Parallel Advisors LLC grew its position in Nokia by 40.1% in the 1st quarter. Parallel Advisors LLC now owns 43,189 shares of the technology company’s stock worth $347,000 after purchasing an additional 12,364 shares in the last quarter. NewEdge Advisors LLC grew its position in Nokia by 352.8% in the 1st quarter. NewEdge Advisors LLC now owns 14,788 shares of the technology company’s stock worth $119,000 after purchasing an additional 11,522 shares in the last quarter. Finally, Arete Wealth Advisors LLC bought a new stake in Nokia in the 1st quarter worth about $2,106,000. Institutional investors and hedge funds own 5.28% of the company’s stock.

Nokia Company Profile

Nokia Corporation, headquartered in Espoo, Finland, is a global telecommunications and technology company with roots dating back to 1865. Over its long history the company moved from forestry and cable operations into electronics and telecommunications, becoming widely known in the 1990s and 2000s for its mobile phones. In recent years Nokia refocused its business toward network infrastructure, software and technology licensing, and research and development, following the divestiture of its handset manufacturing business and the acquisition of Alcatel‑Lucent in 2016, which brought Bell Labs into its portfolio.

Today Nokia’s core activities center on designing, building and supporting communications networks and related software.