Goldman Sachs lifts target for Nokia stock to EUR 8.80

Published on 10/27/2026 at 17:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Nokia's margin reached 11.70 percent in the third quarter. Nokia stock costs EUR 8.02 on October 27, 2026, 44.38 percent below EUR 14.42.

Goldman Sachs target raised

Goldman Sachs lifted its Nokia target to EUR 8.80 from EUR 8.50 on October 26, 2026.
Nokia reported comparable operating margin of 11.70 percent in the third quarter of 2026.
Nokia stock costs EUR 8.02 at Lang & Schwarz on October 27, 2026 at 5:09 p.m. CEST, 44.38 percent below EUR 14.42.
Nokia plans to publish fourth-quarter and full-year 2026 results on January 28, 2027.

Nokia, FI0009000681, Illustration mit AI erstellt.

Goldman Sachs lifted its target for Nokia stock from EUR 8.50 to EUR 8.80 while keeping a Neutral rating, according to MarketScreener on October 26, 2026. Nokia was trading at EUR 8.02 at Lang & Schwarz on October 27, 2026 at 5:09 p.m. CEST.

Comparable margin reached 11.70 percent

Nokia's third-quarter comparable operating margin increased to 11.70 percent from 9.50 percent a year earlier, while comparable operating profit rose 35.00 percent to EUR 605.00 million. The company reported these figures in its interim report dated October 22, 2026, published by Nokia.

The reported picture was weaker than the comparable measure. Third-quarter reported operating profit fell 22.00 percent year over year to EUR 196.00 million, and reported operating margin declined to 3.80 percent from 5.40 percent.

AI and cloud remain the growth engine

Third-quarter net sales increased 10.00 percent year over year to EUR 5.154 billion, while sales to AI and cloud customers grew 123.00 percent. Network Infrastructure sales rose 15.00 percent on a constant-currency basis, led by IP Networks growth of 43.00 percent and Optical Networks growth of 18.00 percent.

Nokia kept its full-year 2026 comparable operating profit outlook at EUR 2.10 billion to EUR 2.60 billion. It also lowered its expected free-cash-flow conversion to 35.00 percent to 55.00 percent and raised restructuring-related charges to EUR 1.10 billion, according to the October 22 report.

Nokia stock stays below its yearly high

The Lang & Schwarz price of EUR 8.02 stands 44.38 percent below the 52-week high of EUR 14.42 and 59.44 percent above the 52-week low of EUR 5.03. The comparison uses the dated price range reported for Nokia on October 26, 2026.

Results date is January 28, 2027

Nokia plans to publish its fourth-quarter and full-year 2026 results on January 28, 2027. The company also announced a EUR 0.03 per-share dividend on October 22, 2026, with a record date of October 27, 2026 and payment scheduled for November 5, 2026.

Goldman target leaves a measured upside case

Goldman Sachs' EUR 8.80 target is 9.73 percent above the Lang & Schwarz price of EUR 8.02, using the target and price stated in the same currency. Its Neutral rating keeps the analyst view balanced even as Nokia's comparable margin and AI-related sales growth improved in the third quarter.

Price and next results date

Nokia was trading at EUR 8.02 at Lang & Schwarz on October 27, 2026 at 5:09 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Nokia stock.