Handelsbanken upgrades Nokia stock to Buy and keeps EUR 10 target

Published on 10/26/2026 at 10:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Handelsbanken upgraded Nokia stock to Buy and kept its EUR 10 target. EUR 7.43 on October 26, 2026, is 0.92 percent above the Xetra close.

Investor markers for Nokia

Handelsbanken upgraded Nokia to Buy and kept its EUR 10.00 target on October 23, 2026.
Nokia reported EUR 5.15 billion in third-quarter net sales and an 11.70 percent comparable operating margin.
Nokia stock trades at EUR 7.43 at 10:19 a.m. CET at Lang & Schwarz on October 26, 2026, 0.92 percent above the Xetra close of October 23, 2026.

Schwarz-weiße Reportagefotografie von Ingenieuren an einem Antennenmast — Nokia Oyj (FI0009000681) Schwarz-Weiß-Reportage zeigt Ingenieure bei Wartungsarbeiten am Sendemast der Netzwerkbranche, Illustration mit AI erstellt.

Nokia (ISIN FI0009000681) was trading at EUR 7.43 at Lang & Schwarz on October 26, 2026, at 10:19 a.m. CET, 0.92 percent above the Xetra close of October 23, 2026 at EUR 7.36. The latest analyst signal came from Handelsbanken, which upgraded Nokia to Buy and kept a EUR 10.00 price target on October 23, 2026, according to MarketScreener.

Analyst target meets stronger margins

The EUR 10.00 target stands 34.55 percent above the Lang & Schwarz price. That comparison matters because Nokia's third-quarter operating improvement has not removed concerns about cash conversion and restructuring costs.

Nokia reported third-quarter net sales of EUR 5.15 billion, up 10.00 percent from EUR 4.70 billion a year earlier. Comparable operating profit rose to EUR 605 million from EUR 448 million, while comparable operating margin increased to 11.70 percent from 9.50 percent, according to Morningstar on October 22, 2026.

What does the dividend mean?

The board also resolved on October 22, 2026, to distribute EUR 0.03 per share. The record date is October 27, 2026, and payment is scheduled for November 5, 2026, according to the same Nokia report. The payout gives investors a concrete near-term date, while the unchanged full-year comparable operating profit outlook remains EUR 2.10 billion to EUR 2.60 billion.

Next dates for Nokia investors

The next substantiated dates are the October 27, 2026, dividend record date and the November 5, 2026, payment date. Nokia plans to publish fourth-quarter and full-year 2026 results on January 28, 2027, according to the October 22 report.

Stock stays below the target

The analyst target and the latest operating figures point in different time directions: margins improved in the third quarter, but the share price remains 25.70 percent below the EUR 10.00 target. Nokia also guides to free cash flow conversion of 35.00 percent to 55.00 percent for 2026, reflecting EUR 400 million of additional working-capital investment.

Nokia was trading at EUR 7.43 at Lang & Schwarz on October 26, 2026, at 10:19 a.m. CET, plus 0.92 percent versus the Xetra close of October 23, 2026 at EUR 7.36. The further course of trading is shown by the continuously updated real-time quote of Nokia stock.