EUR 12.65 consensus target leaves Nokia stock 48.65 percent below target

Published on 10/16/2026 at 16:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Sales reached EUR 4.8 billion on July 23, 2026. Nokia stock costs EUR 8.51 on October 16, 2026, minus 0.85 percent versus Xetra close.

Targets, results and valuation

A four-house consensus set a EUR 12.65 target on October 9, 2026.
Second-quarter sales reached EUR 4.8 billion, with comparable operating margin at 9.00 percent.
Nokia stock costs EUR 8.51 at Lang & Schwarz on October 16, 2026 at 4:05 p.m. CEST, plus 0.85 percent above the Xetra close of October 15, 2026.
Nokia will publish its third-quarter report on October 22, 2026, before the market opens.

Editorial-Aufnahme eines Börsenbildschirms mit Helsinki Skyline im Hintergrund — Nokia Oyj (FI0009000681) Börsen-Editorial zeigt Kursdiagramm-Bildschirm mit Blick auf Helsinki Finanzdistrikt bei Nacht, Illustration mit AI erstellt.

A four-house analyst consensus put Nokia's 12-month target at EUR 12.65 on October 9, 2026, 48.65 percent above the EUR 8.51 Lang & Schwarz price. According to Boerse Express, the consensus covered four analyst houses.

Nokia stock was trading at EUR 8.51 at Lang & Schwarz on October 16, 2026 at 4:05 p.m. CEST, plus 0.85 percent versus the Xetra close of October 15, 2026 at EUR 8.44.

Second-quarter sales and margin

Nokia's second-quarter sales reached EUR 4.815 billion, up 9.00 percent in constant currency from the year-earlier period, while comparable operating margin rose 0.70 percentage points to 9.00 percent. 247 Wall St reported that AI and cloud customer sales grew 105.00 percent during the quarter.

The operating picture was mixed. Nokia reported a EUR 50.00 million operating loss in the second quarter after EUR 390.00 million of accelerated restructuring charges, while comparable operating profit reached EUR 434.00 million. The Economic Times reported the figures on October 8, 2026.

Price position on October 16

The euro quote stood between a bid of EUR 8.51 and an ask of EUR 8.51 at the recorded time. Nokia's wider 52-week range runs from USD 5.45 to USD 17.45, while the finance quote showed a market capitalization of USD 51.3 billion and a trailing P/E ratio of 68.23.

Valuation and reporting date

The consensus target of EUR 12.65 stands 48.65 percent above the Lang & Schwarz price in the same currency. Nokia will publish its third-quarter and January-to-September 2026 interim report on October 22, 2026, at approximately 8:00 a.m. Finnish time, according to Nokia.

Comparison with peers

Nokia: plus 0.85 percent, P/E 68.23, market capitalization USD 51.3 billion

Ericsson (Nasdaq New York, USD): minus 0.14 percent, P/E 14.34, market capitalization USD 34.7 billion

Ciena (NYSE, USD): minus 3.10 percent, P/E 77.01, market capitalization USD 49.0 billion

Stock stays below the consensus target

The central market question is whether Nokia's AI and cloud growth can convert into stronger reported earnings after the restructuring charge. The October 22 report will provide the next dated test for sales, operating profit and cash flow.

Nokia stock was trading at EUR 8.51 at Lang & Schwarz on October 16, 2026 at 4:05 p.m. CEST, plus 0.85 percent above the Xetra close of October 15, 2026 at EUR 8.44. The further course of trading is shown by the continuously updated real-time quote of Nokia stock.