Nokia (NOK) Stock Analysis & Forecast

Nov 4 close

$8.26−0.22 (−2.6%)

Gekko Brief

AI summaryNov 4 close

Nokia shares have been under pressure following the Q3 2026 report on 22 October, which showed 9% net sales growth and operating margin expanding to 11.7%, with the AI and cloud segment surging 123% year-over-year and order intake up 118% to EUR 1.5 billion; despite these figures, the last earnings reaction was -12%. Comparisons circulating this week against AT&T and Verizon highlight Nokia's cyclical revenue pattern versus those peers' steadier revenue, while a separate piece framed Nokia against Ericsson on 5G infrastructure. The stock also posted back-to-back daily declines, falling 3.04% on 2 November and 8.06% on 30 October.

The stock closed at $8.26, down 2.6%, sitting below both the 50-day ($9.86) and 200-day ($10.33) averages, with the shorter average below the longer one, reflecting a downward trend; the 1-month return stands at -24.7% and the 6-month at -37.4%, against a 52-week range of $5.86 to $17.45. The GekkoIndex reads 65.3, placing Nokia in the Accumulation zone, while the price sits 19% below Gekko Fair Value of $10.20.

The next earnings date is 28 January 2027, 84 days out, beyond a typical 20-trading-day holding window. Smart money activity shows 1 Congress buy and 0 sells over the last 90 days, alongside 1 unusual options signal over the last 30 days, with call premium of $1,131,154 compared with put premium of $441,982. Seasonality for the coming 20 trading days has averaged -2.8% across 5 years, rising in just 1 of them, a pattern worth noting given the current trend.

Written by AI from the Nov 4, 2026 close and checked automatically against the figures on this page.

Nokia price vs fair value

$10.20$8.26Nov ’25May ’26Nov ’26
Close $8.26200-day averageGekko Fair Value $10.20

Nokia quick facts

Market cap
$44.61B
P/E ratio
51.9
Forward P/E
19.7
EPS, TTM
$0.16
Revenue, TTM
$20.85B
Profit margin
3.8%
Dividend yield
1.64%
Beta
0.75
Volume
60.76M avg 78.27M
1-year return
+15.5%
Typical daily move
±6.2%
Typical 20-day move
±5.9%
50-day average
$9.86
200-day average
$10.33
Next earnings
Jan 28 before open
Shares outstanding
5.60B
52-week range
$5.86$17.45

Nokia swing-trade checklist

Nokia scores 4 supportive, 0 mixed and 2 headwinds across the 6 checklist items with data.

Six things swing traders check before a 20-day hold, read from the latest data.

4 supportive0 mixed2 headwinds

  • Trendheadwind

    Below 50 and 200-day

    Close $8.26 is below the 50-day ($9.86) and 200-day ($10.33) averages, and the 50-day is below the 200-day.

    See the chart
  • GekkoIndexsupportive

    65.3, Accumulation

    Reading 65.3 is in the Accumulation zone.

    See the GekkoIndex
  • Fair valuesupportive

    19.0% below

    Price is 19% below Gekko Fair Value (more than 5% below).

    See fair value
  • Smart moneysupportive

    Leans bullish

    Last 90 days: Congress 1 buy / 0 sales. Last 30 days: 1 unusual options signal.

    See smart money
  • Earnings risksupportive

    Reports in 84 days

    Next report Jan 28, 2027, 84 days away — outside a typical 20-trading-day hold.

    See earnings
  • Seasonalityheadwind

    −2.8% on average

    From this point in the calendar, the next 20 trading days averaged −2.8% over 5 years, rising in 1 of them.

    See seasonality

A description of current data, not a recommendation. How this page works

Nokia stock chart and price history

Nokia closed at $8.26 on Nov 4, 2026, +15.5% over the past year, inside a 52-week range of $5.86 to $17.45.

Close50-day average200-day averageVolume
Nokia share price, past year, with 50-day and 200-day moving averages and volume$5$10$15DecJan 2026FebMarAprMayJunJulAugSepOct8.26

Use the left and right arrow keys to read daily values.

Performance Breakdown

1 month
−24.7%
3 months
−12.4%
6 months
−37.4%
1 year
+15.5%
The full NOK chart adds GekkoIndex, insider, options, Congress and hedge fund markers, plus TrendCandles™.Open NOK in Gekko

Follow Nokia through every session

Put NOK on a Gekko watchlist and see its GekkoIndex, Gekko Fair Value and smart money signals update on the chart as they change.

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About Nokia

Nokia designs and supplies the equipment and software that keep mobile, fixed, and cloud networks running. Its offerings stretch from radio access gear covering older 2G systems through modern 5G, plus microwave links used to move signals between towers, along with fixed-line products such as fiber and copper connections, Wi-Fi hardware, routing equipment, and optical transmission systems used to shuttle data over short and very long distances, including undersea routes. The company is also known for licensing its patents, technology, and brand name to others, alongside selling related hardware and software.

Its work is split across four divisions. Mobile Networks focuses on radio and transport gear, Network Infrastructure covers fixed broadband, optical, Wi-Fi, and IP routing products for homes, businesses, and industrial users, Cloud and Network Services builds software for core networks and cloud-based applications, and Nokia Technologies manages patent and brand licensing along with associated products. Buyers of these offerings include telecom carriers, large internet and cloud firms, industrial operators, and public sector bodies.

The company dates back to 1865 and is based in Espoo, Finland. Its stock trades under the ticker NOK.

Sector
Electronic technology
Website
nokia.com

Nokia GekkoIndex: the smart money zone

Nokia’s GekkoIndex — Gekko’s 0 to 100 smart money score — reads 65.3, in the Accumulation zone, up 2.7 points over five sessions.

010065.3Accumulation

Up 2.7 points over five sessions.

Reading for Nov 4, 2026

What followed past readings in each zone

ZoneReadings5 days10 days20 days50 days
Buying41−1.2%−1.0%+3.1%+13.2%
Accumulation (current zone)119+0.8%+0.5%+1.6%+11.4%
Neutral435+0.9%+1.7%+3.8%+11.1%
Distribution55+2.6%+7.7%+11.8%+12.4%
Selling0Not available

Average NOK share-price change over the trading days after each daily reading in its GekkoIndex history. Across every stock Gekko tracks, Accumulation readings averaged +2.0% over 20 days. Past behaviour doesn’t guarantee future results.

Accumulation zone: Institutional interest building. About the five zones →

See every daily GekkoIndex reading plotted over the NOK price, zone by zone.Track NOK in Gekko

Is Nokia stock overvalued? Gekko Fair Value

Nokia trades 19.0% below Gekko Fair Value of $10.20, so the shares are undervalued on Gekko’s estimate.

Gekko’s own estimate of what Nokia shares are worth, recalculated every trading day.

$10.20

Gekko Fair Value, Nov 4, 2026

19.0% Undervalued

At the end of Aug 2026 the price was 6.3% below the estimate.

Gekko Fair ValueShare price, month end
$10$8Aug 2026SepOctNov 2026

How Gekko Fair Value works →

Gekko Fair Value on every chart, with the gap to price updating daily.Open NOK in Gekko

Nokia insider and Congress trading

No open-market insider purchases were filed for Nokia, and members of Congress disclosed 1 purchase and 0 sales, in the last 90 days.

Plus buybacks, unusual options and fund positions, each dated to when it became public.

Insider buying last 90 days

No open-market insider purchases were filed for NOK in the last 90 days.

From Form 4 filings, dated to when each was filed.

Every NOK insider filing, plotted on the chart in Gekko.Open NOK in Gekko

Congress trades last 90 days

1trade disclosed: 1 purchase and 0 sales.

MemberTypeAmountDisclosed
Laurel Lee
House, FL, purchase
Purchase$15,001 - $50,000Oct 19
traded Sep 18

From congressional disclosures, which report amounts as ranges.

Unusual options activity last 30 days

1signal, 72% of the flagged premium in calls.

Latest: Bullish flow on Oct 23, $1.57M in unusual premium.

Hedge funds and billionaires quarter ended Jun 30

6of the funds Gekko tracks hold NOK.

1added2opened3trimmed2sold out
Every signal with its contract, strike and premium, and which funds are on each side.Unlock in Gekko

Nokia earnings: next date and track record

Nokia reports on Jan 28, 2027, before the open (84 days away), and beat the EPS estimate in 6 of its last 8 reports.

6 of 8reports beat the EPS estimate
±7.8%average move across the report
3 of 8reports followed by a gain

Share-price move across each report

+3.6%Jan ’25−6.0%Apr ’25−4.2%Jul ’25+13.5%Oct ’25−5.7%Jan ’26+6.1%Apr ’26−11.5%Jul ’26−12.0%Oct ’26

Last earnings call, Oct 22, 2026 AI summary

What they said
Nokia Q3 2026 delivered 9% net sales growth with operating margin expanding 220 basis points to 11.7%. AI and cloud segment surged 123% year-over-year, representing 12% of total net sales, with order intake up 118% to EUR 1.5 billion. IP Networks grew 43% and Optical Networks grew 18%, both driven by hyperscaler demand. 800G coherent pluggable shipments more than doubled sequentially with 29 customer design wins secured.
Guidance
Nokia expects to deliver above the midpoint of full year outlook. Optical Networks and IP Networks are now tracking to grow somewhat above the 18-20% full year assumption. For 2027, combined IP and Optical Networks growth is expected at 25-30%.
ReportedEPSSurpriseRevenueSurpriseMove
Oct 22, 2026$0.10
est $0.08
+25.0%$5.77B
est $5.72B
+0.9%−12.0%
Jul 23, 2026$0.08
est $0.07
+14.3%$5.48B
est $5.57B
−1.7%−11.5%
Apr 23, 2026$0.06
est $0.05
+10.2%$5.27B
est $5.33B
−1.2%+6.1%
Jan 29, 2026$0.21
est $0.17
+23.5%$7.31B
est $7.12B
+2.6%−5.7%
Oct 23, 2025$0.07
est $0.06
+16.7%$5.66B
est $6.12B
−7.4%+13.5%
Jul 24, 2025$0.05
est $0.07
−28.6%$5.35B
est $4.72B
+13.3%−4.2%
Apr 24, 2025$0.03
est $0.05
−40.0%$4.81B
est $4.90B
−1.9%−6.0%
Jan 30, 2025$0.16
est $0.11
+45.5%$6.20B
est $4.40B
+40.9%+3.6%

“Move” is the close of the first session after the report compared with the close of the last session before it, so it reads the same whether the company reported before the open or after the close.

Nokia stock forecast and analyst price targets

Analysts’ average 12-month price target for Nokia is $14.52, +75.8% from the last close, from 4 firms rating the stock in the last 90 days.

$14.52consensus 12-month target, +75.8% from the last close
Low $14High $20.50
Buy4
Hold0
Sell0

Each firm’s latest rating in the last 90 days: 4 firms.

Latest analyst actions

DateFirmRatingTargetvs price
Oct 27Bank of America SecuritiesBuy, maintained$15.50+87.7%
Oct 23J.P. MorganBuy, reiterated$20.50+148.2%
Oct 23Rosenblatt SecuritiesBuy, maintained$14+69.5%
Oct 23B. Riley SecuritiesBuy, maintained$15+81.6%
Oct 22Bank of America SecuritiesBuy, maintained——
+1.6%average 20-day move after past Accumulation readings
−2.8%average move over the next 20 trading days in the last 5 years
±6.2%typical daily move, from the 14-day average range

Gekko doesn’t publish price predictions. These are analyst targets and historical base rates, which don’t guarantee future results.

Nokia seasonality: the next 20 trading days

Over the next 20 trading days from Nov 4, Nokia averaged −2.8% across the last 5 years, rising in 1 of them.

Next 20 trading days, by year

−0.9%2021+13.0%2022−12.5%2023−9.4%2024−8.1%2025

Average move and hit rate

WindowAverageYears higher
Next 5 trading days+1.7%3 of 5
Next 10 trading days+1.5%3 of 5
Next 15 trading days−2.8%2 of 5
Next 20 trading days−2.8%1 of 5
Next 30 trading days−1.8%2 of 5

For scale, NOK’s typical 20-trading-day move in either direction is about 5.9%.

Nokia market cap and key statistics

Nokia’s market cap is $44.61B, with a P/E ratio of 51.9 and revenue of $20.85B over the last twelve months.

Valuation

Market cap
$44.61B
P/E ratio
51.9
Forward P/E
19.7
EPS, TTM
$0.16
Gekko Fair Value
$10.20

Trading

Volume
60.76M
Avg volume, 20 days
78.27M
52-week high
$17.45
52-week low
$5.86
Shares outstanding
5.60B

Financials

Revenue, TTM
$20.85B
Profit margin
3.8%
Return on equity
3.9%
Quarterly earnings growth, YoY
+222.1%

Risk and income

Beta
0.75
Typical daily move
±6.2%
Typical 20-day move
±5.9%
Dividend yield
1.64%

Nokia stock news this week

Coverage of Nokia this week reads negative: 2 positive, 2 neutral and 4 negative headlines.

News sentiment negative

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Reporting earnings this week

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Nokia stock FAQ

What is Nokia’s market cap?

Nokia’s market cap is $44.61B at the Nov 4, 2026 close of $8.26, with 5.60B shares outstanding. The shares trade on a P/E ratio of 51.9.

What is the Nokia stock forecast?

The consensus analyst 12-month price target for Nokia is $14.52, +75.8% from the last close. Of the 4 firms that rated the stock in the last 90 days, 4 rate it a buy, 0 a hold and 0 a sell. Gekko doesn’t publish price predictions of its own.

Is Nokia stock overvalued or undervalued?

On Gekko’s estimate Nokia is undervalued: the Nov 4, 2026 close of $8.26 is 19.0% below Gekko Fair Value of $10.20. Gekko Fair Value is recalculated every trading day, and a gap inside 5% either way counts as about fair value.

When does Nokia report earnings next?

Nokia is expected to report on Jan 28, 2027, before the market opens (84 days away). Analysts expect earnings of $0.17 per share on revenue of $7.08B. Nokia beat the earnings estimate in 6 of its last 8 reports, moving 7.8% on average across the report.

What is Nokia’s 52-week high and low?

Nokia’s 52-week high is $17.45 and its 52-week low is $5.86; it closed at $8.26 on Nov 4, 2026, +15.5% over the past year.

Is Nokia stock a buy right now?

Gekko describes the data; it does not make buy or sell recommendations. On the swing-trade checklist, 4 of the 6 items with data read as supportive (gekkoindex, fair value, smart money and earnings risk) and 2 as headwinds (trend and seasonality). The checklist is a description of current data, not a recommendation.

Is there unusual options activity in Nokia?

Gekko flagged 1 unusual options signal in Nokia over the last 30 days, with $1.13M of flagged premium in calls and $442K in puts. The latest, bullish flow, was on Oct 23, 2026 with $1.57M in unusual premium. The signal-by-signal table is in Gekko.

How this page works

During US trading hours the price at the top of the page is a delayed quote, refreshed every 15 minutes; everything else is rebuilt after each US market close. The GekkoIndex, Gekko Fair Value and the checklist are Gekko’s own, and the Gekko Brief is written by AI from this page’s data and checked against it before it is published. How Gekko’s data works →

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