Nokia Corp (NOK) Stock Forecast Nov. 4, 2026
Analysis updated on Nov. 4, 2026 (UTC) · Total · absolute moveSwitch to Alpha · NYSE
Nokia Corp (NOK) stock forecast summary
Our AI scores Nokia Corp every trading day against every stock it covers. Create a free account and follow it to see its rating and price target.
Nokia Corp is a large-cap company with a market capitalization of $48.69B. It ranks number 3 by market capitalization among the 21 Radio & Tv Broadcasting & Communications Equipment issuers in our coverage with a current forecast. Its P/E Ratio of 6.13x is the lowest of the 8 peers that report one.
For NOK, the Spearman rank correlation between our 90-day forecasts and the returns that followed is -14.0%, measured on 358 forecast dates between 2022-08-17 and 2026-08-06 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is -1.0%, measured on 400 forecast dates between 2022-08-17 and 2026-10-05. Across our coverage, the out-of-sample test on 4629 stocks from 2025-01-06 to 2026-08-04 produced a positive net return in 92.9% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
Expected absolute price move over the horizon, market included. This is the number a price target is built from. Ratings: strong buy ≥ +5.1%, buy ≥ +3.3%, sell < +1.7%, strong sell < +0.8% (top 15%, next 20%, middle 30%, next 20%, bottom 15% of the 2026-10-30 signals)
A free account shows the exact forecast, rating and rank of 3 tickers you follow, NOK included.
NOK price chart and AI forecast
How NOK ranks among 4891 stocks
90D Total forecasts of every company scored, cut into five relative ratings at the 15th, 35th, 65th and 85th percentiles (dashed lines).
Nokia Corp (NOK) fundamentals
Trailing twelve months. The industry median and the rank (1 = highest) are taken over the Radio & Tv Broadcasting & Communications Equipment peers listed below that report each metric. Statement values were filed in EUR and are shown converted to USD (flows at the trailing twelve-month average rate, balances at the balance-sheet date rate).
Valuation & Market
| Metric | NOK | Rank |
|---|---|---|
| Market Cap | $48.69B | 3/21 |
| P/E Ratio | 6.13x | 8/8 |
| EPS | $1.38 | – |
Profitability & Margins
| Metric | NOK | Rank |
|---|---|---|
| ROE | 32.6% | 5/15 |
| ROA | 18.2% | 4/15 |
| ROIC | 25.0% | 5/19 |
| Tax Rate | -8.1% | – |
Financial Health
| Metric | NOK | Rank |
|---|---|---|
| Current Ratio | 1.58x | 16/21 |
| Quick Ratio | 1.36x | 15/20 |
| D/E Ratio | 0.79x | 9/18 |
| Financial Leverage | 1.79x | 10/19 |
| Working Capital | $6.80B | 2/20 |
Cash Flow
| Metric | NOK | Rank |
|---|---|---|
| Operating Cash Flow | $8.33B | 3/20 |
| OCF Growth YoY | 43.3% | 4/11 |
Operational Efficiency
| Metric | NOK | Rank |
|---|---|---|
| Inventory Turnover | 22.6x | 3/19 |
| Days Inventory | 16 days | 15/19 |
| Payables Period | 22 days | 16/19 |
Income Statement
| Metric | NOK | Rank |
|---|---|---|
| Operating Income | $7.81B | 2/19 |
| Net Income | $7.75B | 2/14 |
| R&D Expense | $20.67B | 1/19 |
| SG&A Expense | $13.49B | 2/20 |
| Cost of Goods Sold | $56.48B | 2/19 |
Dividend & Shareholder Information
| Metric | NOK | Rank |
|---|---|---|
| Shares Outstanding | 5742M | – |
Balance Sheet Highlights (USD millions, converted from EUR)
| Total Current Assets | $18.55B | 42.0% of assets |
| Cash & Short-term Investments | $6.42B | 14.5% of assets |
| Accounts Receivable | $5.84B | 13.2% of assets |
| Inventory | $2.59B | 5.9% of assets |
| Total Liabilities | $19.43B | 44.0% of assets |
| Short-term Debt | $8.25B | 18.7% of assets |
NOK quarterly financials and insider trading
Nokia Corp (NOK) industry peers
Companies classified under the same SEC industry code as Nokia Corp (Radio & Tv Broadcasting & Communications Equipment): 21 common-stock issuers with a forecast this week, one row per issuer, largest first. This is a classification match, not a curated list of competitors.
Reveal all forecasts · See exact % predictions for all competitors
Sign up free| Company | 90-Day AI Forecast (Total) | Market Cap |
|---|---|---|
| NOK Nokia Corp | $48.69B | |
| QCOM Qualcomm Inc/De | $173.03B | |
| MSI Motorola Solutions, Inc. | $81.26B | |
| ERIC Ericsson Lm Telephone Co | $36.71B | |
| UI Ubiquiti Inc. | $33.01B | |
| PL Planet Labs Pbc | $4.92B | |
| ONDS Ondas Inc. | $3.30B | |
| VISN Vistance Networks, Inc. | $1.50B | |
| HLIT Harmonic Inc. | $1.11B | |
| UMAC Unusual Machines, Inc. | $730M | |
| BKSY Blacksky Technology Inc. | $686M | |
| GILT Gilat Satellite Networks Ltd | $544M | |
| SATL Satellogic Inc. | $506M | |
| BKTI Bk Technologies Corp | $259M | |
| CRNT Ceragon Networks Ltd | $179M | |
| VUZI Vuzix Corp | $158M | |
| AIRG Airgain Inc | $55M | |
| WATT Energous Corp | $47M | |
| CMTL Comtech Telecommunications Corp /De/ | $37M | |
| PRKR Parkervision Inc | $10M | |
| KUST Kustom Entertainment, Inc. | $2M |
Where NOK sits on the market map
Nokia Corp (NOK) stock news
Loading...
Nokia Corp (NOK) stock forecast FAQ
What is the Nokia Corp (NOK) stock forecast?
Our AI scores Nokia Corp every trading day against every stock it covers. Create a free account and follow it to see its rating and price target.
How accurate are Nokia Corp stock predictions?
For NOK, the Spearman rank correlation between our 90-day forecasts and the returns that followed is -14.0%, measured on 358 forecast dates between 2022-08-17 and 2026-08-06 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is -1.0%, measured on 400 forecast dates between 2022-08-17 and 2026-10-05. Across our coverage, the out-of-sample test on 4629 stocks from 2025-01-06 to 2026-08-04 produced a positive net return in 92.9% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
How often are Nokia Corp forecasts updated?
Nokia Corp forecasts are refreshed on trading days as the daily model run completes. The forecast on this page was produced on Nov. 4, 2026.
Which companies are Nokia Corp's industry peers?
21 issuers in our coverage, NOK included, share the SEC industry code Radio & Tv Broadcasting & Communications Equipment. The largest are: Qualcomm Inc/De (QCOM), Motorola Solutions, Inc. (MSI), Ericsson Lm Telephone Co (ERIC), Ubiquiti Inc. (UI), Planet Labs Pbc (PL), Ondas Inc. (ONDS).
This analysis is generated automatically using our proprietary AI systems and should not be considered personalized investment advice. Past performance does not guarantee future results. Always conduct your own research and consider consulting a financial advisor before making investment decisions.