FeesSafety
Pluang+

Nokia upgraded to Hold as valuation aligns with macro risks and AI growth potential.

Analyst Insights
15 Sep 2026
Seeking Alpha
View Source
Neutral
Nokia upgraded to Hold as valuation aligns with macro risks and AI growth potential.

Nokia has been upgraded to a Hold rating as its current valuation better reflects ongoing macroeconomic risks and the potential upside from AI-driven growth. In Q2, Nokia reported a 9% increase in comparable net sales, a 70 basis points margin improvement, and a remarkable 105% growth in AI and Cloud net sales. The company projects an operating profit between €2.1 billion and €2.6 billion by 2026, with a free cash flow midpoint of €1.53 billion, maintaining a strong balance sheet. However, near-term growth is tempered by persistent macroeconomic headwinds, delays in client investments, and supply chain constraints, making a Buy rating less attractive at this time.

Nokia trades at USD 9.97 on Pluang as of Sep 15, 2026, showing a 3.26% gain for the day. The stock's market cap stands at $62.12 billion, reflecting steady investor interest despite macroeconomic challenges. This price movement complements the recent upgrade to Hold, highlighting cautious optimism in the market.

More News (NOK)

ICEYE and Nokia partner with Ukraine's Defense Ministry to develop sovereign satellite communications.

ICEYE and Nokia partner with Ukraine's Defense Ministry to develop sovereign satellite communications.

ICEYE and Nokia have signed a Letter of Intent with Ukraine's Ministry of Defence to collaborate on building sovereign satellite communication capabilities. This partnership aims to enhance Ukraine's defense by providing secure, high-performance sate...

Market News
Bullish
16 hours ago
Nokia beats Q3 earnings and revenue estimates with strong AI and cloud sales growth.

Nokia beats Q3 earnings and revenue estimates with strong AI and cloud sales growth.

Nokia reported third-quarter 2026 earnings per share of $0.10, surpassing the $0.08 estimate, and revenue of $5.78 billion, exceeding the $5.72 billion forecast. The company's AI and cloud sales surged 123%, driven by high demand for its IP Networks ...

Company Fundamentals
Bullish
17 hours ago
Nokia shares drop 10% despite Q3 profit beat driven by AI data center demand.

Nokia shares drop 10% despite Q3 profit beat driven by AI data center demand.

Nokia's stock fell 10% after reporting Q3 2026 earnings that beat estimates, driven by strong demand for AI data center equipment. The company saw a 35% rise in operating profit and a 123% jump in AI & Cloud sales, but faced challenges like supply ch...

Company Fundamentals
Bearish
23 hours ago
Nokia shares surge after Nvidia CEO highlights it as an AI opportunity

Nokia shares surge after Nvidia CEO highlights it as an AI opportunity

Nokia's stock jumped in early trading following a mention by Nvidia CEO Jensen Huang during his keynote at GTC Berlin, where he emphasized that any company can become an AI company. This endorsement positions Nokia as a player in the growing AI secto...

Market News
Bullish
1 day ago
Telecom operators deploy NVIDIA AI to enhance 5G networks and automate operations worldwide

Telecom operators deploy NVIDIA AI to enhance 5G networks and automate operations worldwide

Leading global telecom operators like T-Mobile, Deutsche Telekom, and Orange are integrating NVIDIA's AI-powered computing into their 5G networks to bring intelligence closer to users and businesses. This includes the world's first AI-RAN call by T-M...

Market News
Bullish
2 days ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App