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Nokia rated Buy on strong AI, cloud demand and network growth with solid EPS outlook

Analyst Insights
17 Sep 2026
Seeking Alpha
View Source
Bullish
Nokia rated Buy on strong AI, cloud demand and network growth with solid EPS outlook

Nokia is rated Buy due to strong demand in AI and cloud infrastructure, expanding manufacturing capacity, and growing data center products. Its Network Infrastructure segment shows growth, margin expansion, and effective cost-cutting, supporting expectations for solid earnings per share growth and potential stock price gains. The valuation at 19.89x FY27 P/E is reasonable compared to peers, reflecting improved earnings quality and sector positioning. Risks include a slowdown in AI/data center spending or weak adoption of new products, which could affect revenue and margins.

As of Sep 17, 2026 21:25 WIB, Nokia (NOK) shares are trading at USD 10.52 on Pluang, up 3.70% for the day. The stock shows active trading with a volume of 128,522,649 and a market cap of $57.07 billion. Despite the positive momentum, Pluang order activity indicates a cautious stance with 58% of orders to sell and 42% to buy. The dividend yield stands at 1.61%, highlighting income potential alongside growth.

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