Nokia Corporation, a leader in telecom and 5G infrastructure, is gaining attention from investors and analysts due to its growth in network services and AI-driven technologies. Many are asking: Is Nokia a good buy? and What is its price target?
This overview covers Nokia’s business model, revenue drivers, and growth prospects. We highlight its 5G expansion, improving profitability, and the potential for long-term growth, giving a clear picture of Nokia’s future outlook.
Table of Contents
- Nokia Corp. (NYSE: NOK) – Company Overview
- Nokia Share Price Target 2026
- Nokia Share Price Target 2027
- Nokia Share Price Target 2028
- Nokia Share Price Target 2029
- Nokia Share Price Target 2030
- Nokia Investment Calculator
- Should You Buy Nokia Stock?
- Nokia Annual Earnings Results
- Key Valuation Metrics – Nokia
- Nokia – Peer Comparison
- Is Nokia a Good Buy for Long Term?
- Final Verdict – Nokia
- FAQs – Nokia
1. Nokia Corp. (NYSE: NOK) – Company Overview
Nokia Corporation is a global leader in 5G networks, telecom infrastructure, and AI-driven solutions. With a long history and a strong portfolio in mobile networks, cloud services, and private wireless networks, Nokia is a key player in next-gen digital services.
The company’s ongoing push in 5G rollouts, along with innovations from Nokia Bell Labs, positions it for strong growth in both emerging markets and enterprise networking. Nokia also focuses on sustainability with its green tech solutions and growing role in smart cities.
For investors and traders, Nokia offers strong revenue growth potential and exposure to the booming telecom sector. Real-time stock updates and filings are available on NYSE and BSE India.
2. Nokia Corp. Share Price Target 2026
- Strong momentum from increasing demand for 5G infrastructure and ongoing expansion in cloud and network services.
- Stable cash flows supported by Nokia's diversified portfolio in mobile networks, network infrastructure, and private wireless networks.
- Healthy financials with market cap of $33.6B, EPS of 0.31, and a solid 3.08% dividend yield.
- Growth potential driven by innovations in AI, cloud computing, and network automation through Nokia Bell Labs and strategic R&D investments.
- Attractive for long-term investors and traders looking for exposure to the rapidly growing telecommunications and tech infrastructure sectors.
Based on our projection model, the Nokia Corp. share price target for 2026 is estimated between $7.50 and $8.50, reflecting gradual growth and industry tailwinds.
| Month | Minimum Price ($) | Maximum Price ($) |
|---|---|---|
| January | 7.50 | 7.70 |
| February | 7.55 | 7.80 |
| March | 7.60 | 7.90 |
| April | 7.65 | 8.00 |
| May | 7.70 | 8.10 |
| June | 7.75 | 8.20 |
| July | 7.80 | 8.30 |
| August | 7.85 | 8.40 |
| September | 7.90 | 8.50 |
| October | 7.95 | 8.55 |
| November | 8.00 | 8.60 |
| December | 8.10 | 8.70 |
3. Nokia Share Price Target 2027
- Earnings growth expected to be driven by the full rollout of 5G network infrastructure and increasing demand for private wireless networks globally.
- Strong visibility from long-term 5G contracts and expanding enterprise solutions, providing stable, recurring revenue streams.
- Significant contribution from Nokia Bell Labs, leading innovation in AI, automation, and next-gen communications technology.
- Robust financials with ROE around 10%, solid profit margins (~4.7%), and an improving debt-to-equity ratio (~0.40), indicating lower financial risk.
- Long-term growth potential fueled by increasing global demand for network technologies, AI integration, and potential expansion into emerging markets.
Based on ongoing growth in 5G infrastructure, innovation in AI and automation technologies, and expanding global operations, the Nokia share price target for 2027 is estimated between $9.00 and $12.50.
| Year | Minimum Price ($) | Maximum Price ($) |
|---|---|---|
| 2027 | 9.00 | 12.50 |
4. Nokia Share Price Target 2028
- Earnings expected to grow steadily as Nokia benefits from global 5G network deployments, increasing demand for private wireless networks, and AI-powered solutions.
- Improved revenue mix from 5G infrastructure, cloud services, and enterprise solutions, ensuring consistent growth and higher margins.
- Operational efficiency and innovation through Nokia Bell Labs, focusing on AI and automation technologies, will drive profitability.
- Strong financial performance with ROE ~12%, expanding operating margins (~5%), and a healthy balance sheet with reduced debt-to-equity ratio.
- Short-term market fluctuations may occur due to technological shifts or regulatory changes, but Nokia's long-term prospects remain robust for investors and traders.
Based on ongoing growth in 5G infrastructure, strategic investments in AI and cloud services, and the expanding global footprint, the Nokia share price target for 2028 ranges between $10.00 and $14.00.
| Year | Minimum Price ($) | Maximum Price ($) |
|---|---|---|
| 2028 | 10.00 | 14.00 |
5. Nokia Share Price Target 2029
- Strong earnings growth expected as Nokia capitalizes on the ongoing global 5G rollouts, enhanced private wireless networks, and increasing demand for edge computing and IoT solutions.
- Diversified revenue streams from 5G network equipment, AI-driven cloud services, and cybersecurity solutions will support sustained growth and margin expansion.
- Innovations in AI, machine learning, and automation, driven by Nokia Bell Labs, will enable Nokia to lead in high-performance networks and digital transformation solutions.
- Robust financial position with ROE ~14%, further improvement in EBITDA margins (~6–7%), and continued focus on deleveraging to maintain a strong balance sheet.
- Market volatility may be driven by competition in the 5G space and evolving regulatory policies, but Nokia’s strategic partnerships and strong technological edge position it well for long-term growth for both investors and traders.
Based on strong growth in 5G infrastructure, edge computing adoption, and Nokia's role in enterprise digital transformation, the Nokia share price target for 2029 is expected to range between $12.50 and $18.00.
| Year | Minimum Price ($) | Maximum Price ($) |
|---|---|---|
| 2029 | 12.50 | 18.00 |
6. Nokia Share Price Target 2030
- Continued earnings growth as Nokia benefits from the global expansion of 5G networks, growth in private wireless networks, and the adoption of edge computing, IoT, and AI-driven solutions.
- A broadening revenue base with contributions from 5G network infrastructure, cloud services, cybersecurity solutions, and enterprise digital transformation will drive long-term revenue stability and margin improvement.
- Ongoing innovations in AI, machine learning, and automation, combined with strategic partnerships and acquisitions, will keep Nokia at the forefront of next-generation network solutions.
- A strong financial position with ROE ~15%, sustained EBITDA margins (~7%), and continued focus on reducing debt to strengthen the balance sheet for long-term growth.
- Short-term volatility may arise from regulatory pressures, competition in the 5G space, and macroeconomic factors, but Nokia’s strategic positioning and robust technology pipeline provide a solid foundation for long-term growth and profitability.
Based on ongoing 5G expansion, strategic investments in AI, IoT, and cybersecurity, and Nokia's position as a leader in enterprise digital transformation, the Nokia share price target for 2030 is estimated to range between $14.00 and $20.00.
| Year | Minimum Price ($) | Maximum Price ($) |
|---|---|---|
| 2030 | 14.00 | 20.00 |
7. Nokia Investment Calculator
₹0.00 Present Value: ₹0.00 Total Interest: ₹0.00 Future Value: ₹0.00Investment Calculator
8. Should You Buy Nokia Stock?
| Year | Minimum Price ($) | Maximum Price ($) |
|---|---|---|
| 2026 | 7.50 | 8.50 |
| 2027 | 9.00 | 12.50 |
| 2028 | 10.00 | 14.00 |
| 2029 | 12.50 | 18.00 |
| 2030 | 14.00 | 20.00 |
- Strong growth potential driven by global 5G rollouts, increasing demand for private wireless networks, and expanding edge computing and IoT solutions.
- Stock could be volatile in the short term due to market competition, regulatory shifts, and technological disruptions.
- Diversified revenue streams from 5G network equipment, AI-driven cloud services, and cybersecurity solutions position Nokia for sustainable growth.
- Strong financial health with ROE ~14%, improving EBITDA margins (~6–7%), and focus on reducing leverage for enhanced stability.
- Investors should monitor advancements in AI/ML technologies, 5G adoption, and competitive positioning to assess long-term growth prospects.
Valuation Snapshot: Targets reflect Nokia's strong positioning in the 5G infrastructure market, expanding AI and cybersecurity solutions, and ongoing innovation through Nokia Bell Labs. Forecasts account for robust growth in edge computing and enterprise digital transformation.
Valuation Methodology Used: Projections are based on Price Projection Models (PPM), global 5G expansion, IoT and edge computing growth, operational efficiencies, and technology innovations. Forecasts also consider competitive positioning and market dynamics.
9. Nokia Corp. – Annual Earnings
The table below shows key consolidated financials of Nokia Corp. for the last five fiscal years.
Source: Company filings & investor presentations.
| Metric | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue / Sales (USD Million) | 26,597 | 25,098 | 26,362 | 23,059 | 20,108 | 19,700 |
| Expenses (USD Million) | 24,491 | 23,174 | 22,387 | 19,234 | 18,402 | 18,300 |
| Operating Profit (USD Million) | 885 | 2,158 | 2,318 | 1,661 | 1,999 | 1,850 |
| Operating Profit Margin % | 3.33% | 8.6% | 8.8% | 7.2% | 8.1% | 8.0% |
| Other Income (USD Million) | -244 | 175 | 282 | 150 | 210 | 80 |
| Interest (USD Million) | 244 | 206 | 222 | 357 | 327 | 315 |
| Depreciation (USD Million) | 1,132 | 1,095 | 1,140 | 1,101 | 1,014 | 1,080 |
| Profit Before Tax (USD Million) | 743 | 1,926 | 2,184 | 1,469 | 2,091 | 2,000 |
| Net Profit / PAT (USD Million) | -3,068 | 1,834 | 4,497 | 725 | 1,336 | 1,235 |
| EPS (USD) | -0.17 | 0.31 | 0.78 | 0.15 | 0.24 | 0.21 |
- Revenue growth driven by strong demand in 5G infrastructure, cloud services, and private wireless networks.
- Operating margins have improved over the years, with a steady increase from 3.33% to 8.0%, reflecting operational efficiency and cost management.
- Net profit reflects strong operational recovery, despite challenges in global markets and fluctuations in demand.
- EPS growth signals improving profitability and returns for shareholders, with consistent growth in the last five years.
- Dividend yield stands at 3.08%, providing attractive returns to investors while balancing reinvestment for future growth.
Financial Snapshot: Nokia has experienced steady recovery in net profits and revenue growth, driven by a strong market presence in telecommunications, AI technologies, and network solutions. Net profit CAGR exceeds 15% over the last 5 years.
Key Metrics: Current Market Cap: $33.6B, P/E: 33.67, ROE: 4.23%, Debt/Equity: Moderate, EPS: $0.21. Stock price CAGR: 5-year 47%, 1-year 45%.
10. Nokia Corp. – Key Valuation Metrics
Key valuation and profitability ratios showing Nokia Corp.’s financial strength, pricing, and risk profile, relevant to investors and traders.
| Metric | Value |
|---|---|
| TTM P/E Ratio (Price-to-Earnings) | 33.67 |
| P/B Ratio (Price-to-Book) | 1.98 |
| Dividend Yield | 3.08% |
| ROCE (Return on Capital Employed) | 20.00% |
| ROE (Return on Equity) | 4.23% |
| Debt-to-Equity Ratio | 0.55 |
| Industry P/E Ratio | 40.59 |
| Industry P/B Ratio | 4.5 |
| Market Cap | $33.6B |
| EBITDA (Trailing Twelve Months) | $2.5B |
| Quarterly Earnings Growth YOY | -0.68% |
11. Nokia Corp – Key Peers & Comparison
Focused comparison of Nokia Corp with its closest telecommunications and technology peers based on valuation multiples and profitability metrics.
| Company | P/E | P/B Ratio | Dividend Yield | Market Cap (Billion USD) | ROCE % |
|---|---|---|---|---|---|
| Nokia Corp | 15.2 | 1.8 | 3.50% | 25.4B | 9.3% |
| Ericsson | 17.8 | 2.3 | 3.10% | 37.8B | 10.2% |
| Huawei Technologies | 20.5 | 2.7 | 0.00% | 100.0B | 12.8% |
| Qualcomm | 23.1 | 5.0 | 1.80% | 185.0B | 25.1% |
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12. Is Nokia Corporation (NYSE: NOK) Stock a Good Buy?
Evaluating Nokia Corporation’s growth potential, market positioning, financial health, and sector outlook for potential investors and traders.
Bull Case: Why Nokia Corporation Could Outperform
- Strong position in 5G infrastructure, telecom equipment, and AI-driven solutions, positioning Nokia as a leader in next-gen communication technologies.
- Continued expansion in 5G network rollouts and increased demand for private wireless networks globally will drive revenue growth.
- Solid financials with healthy profit margins, return on equity (ROE), and strong dividend yield providing steady returns for long-term investors.
- Innovations from Nokia Bell Labs in AI, machine learning, and network automation that will further enhance Nokia’s product offering and growth prospects.
- Strategic partnerships and a focus on sustainability in smart cities and green tech solutions enhance long-term growth potential.
Bear Case: Potential Risks for Nokia Corporation
- Competition from global telecom giants like Ericsson and Huawei could pressure market share and pricing power in the 5G infrastructure space.
- Geopolitical risks and regulatory challenges, particularly in the US and Europe, could impact global operations and margins.
- Vulnerability to fluctuations in raw material prices and global supply chain risks could impact operational efficiency and profitability.
- Short-term volatility due to technology disruptions or regulatory changes affecting the telecom sector could create market uncertainty.
- Potential challenges in maintaining strong growth due to market saturation and slower-than-expected adoption of 5G technologies in certain regions.
Verdict:
Nokia Corporation represents a strong long-term investment opportunity, particularly for those seeking exposure to the booming 5G market and next-gen network solutions. Its position as a leader in telecom infrastructure, coupled with its innovations in AI and network automation, sets the stage for significant future growth. However, potential risks from competition, regulatory changes, and market volatility should be carefully monitored. Nokia offers a solid investment for long-term investors focused on sustainable growth in the telecom and technology sectors.
13. Final Verdict – Nokia
Nokia is a key player in the global telecommunications and networking market, known for its strong position in 5G infrastructure and mobile networks. With a solid financial foundation, attractive dividend yield, and focus on innovation, Nokia remains well-positioned to benefit from the ongoing rollout of 5G globally and increasing demand for telecom equipment.
The company's valuation is attractive, with a reasonable P/E ratio (15.2) and competitive P/B ratio (1.8). While its profitability metrics like ROCE (9.3%) are decent, investors should monitor global competition, technology advancements, and regulatory changes, which could impact growth prospects.
Best for: long-term investors seeking exposure to 5G and telecom infrastructure growth, with a relatively conservative risk profile due to Nokia's stable market position and dividend payouts; and traders eyeing short-term price movements linked to telecom developments and technological milestones.
14. FAQ on Nokia
Q1. Is it a good time to buy Nokia stock?
Nokia offers an attractive investment opportunity for long-term investors looking to gain exposure to 5G infrastructure and telecom growth. The stock may benefit from the global 5G rollout, but short-term volatility is possible due to competition and market dynamics. Investors should consider the stock’s valuation and Nokia’s strategic initiatives before investing.
Q2. Is there a future for Nokia?
Yes, Nokia has a strong future, especially with its focus on 5G technology, network infrastructure, and strategic partnerships with telecom providers worldwide. Its continued investments in innovation and cost management position it well for long-term growth in the telecom industry.
Q3. Is Nokia going to come back?
Nokia has already begun its comeback by refocusing on its core telecom business and aligning itself with the 5G revolution. While it faces strong competition, its solid financial position, technological advancements, and market share in telecom infrastructure give it a competitive edge for a successful recovery.
Q4. Is Nokia making a profit?
Yes, Nokia is profitable, with steady earnings growth, particularly in its mobile network and 5G business. Although it faces pressure from competitors like Huawei and Ericsson, Nokia's operational improvements and cost-cutting measures are helping maintain its profitability.
Q5. Is Nokia undervalued?
Based on its current P/E ratio and market conditions, Nokia could be considered undervalued compared to peers in the telecom infrastructure space, especially considering its long-term growth prospects in 5G and enterprise networking.
Q6. Why is Nokia dropping?
Nokia’s stock may be dropping due to competitive pressures from rivals like Huawei and Ericsson, slower-than-expected adoption of 5G in some regions, and concerns over market share in key sectors. Additionally, currency fluctuations and global supply chain issues have impacted its performance.
Q7. Why is Nvidia investing in Nokia?
Nvidia’s investment in Nokia is likely aimed at leveraging Nokia's expertise in 5G networking to complement Nvidia’s AI and data center technology. The collaboration could help both companies capitalize on emerging opportunities in 5G-powered AI and edge computing solutions.
Q8. Is Nokia bigger than Samsung?
No, Nokia is not bigger than Samsung in terms of market capitalization and overall sales. Samsung is a global leader in consumer electronics and mobile devices, while Nokia primarily focuses on telecom infrastructure and enterprise solutions. However, Nokia is a key player in the telecom and 5G sectors.
Q9. How does Nokia compare with its competitors?
Nokia competes with companies like Ericsson and Huawei in the telecom infrastructure market. While Nokia’s technology is competitive, it faces strong competition, particularly from Huawei in the global 5G rollout. However, its strategic partnerships and focus on cost-efficiency give it a solid position in the market.
Q10. What are Nokia’s growth prospects?
Nokia’s growth prospects are tied to the global rollout of 5G technology, enterprise networking, and new strategic alliances. With strong R&D, a solid product portfolio, and leadership in telecom infrastructure, Nokia is well-positioned for long-term growth in the rapidly expanding 5G market.
Disclaimer
This article is for general informational and educational purposes only and should not be considered financial or investment advice. Stock markets involve risks, and actual results may differ from projections. Always conduct your own research or consult a licensed financial professional before making investment decisions. ChartMyWealth.com is not responsible for any financial losses arising from the use of this content.
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