Nokia stock draws a EUR 13.80 target from Jefferies

Published on 09/28/2026 at 13:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Nokia stock was last quoted at EUR 9.13 on September 25, 2026, after a 0.64 percent gain. Q2 net sales rose 8 percent year over year to EUR 4.815 billion.

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Nokia stock (ISIN FI0009000681) was last quoted at EUR 9.13 on Nasdaq Helsinki on September 25, 2026, up 0.64 percent from the prior session. The latest analyst move gives the share a clearer valuation reference, while Nokia's second-quarter figures show both operating progress and heavy restructuring costs.

Jefferies lifts target to EUR 13.80

According to finanzen.ch on September 24, 2026, Jefferies raised its Nokia price target from EUR 10.70 to EUR 13.80 and maintained its Buy rating. The target is 51.04 percent above the September 25 share price, calculated from EUR 13.80 against EUR 9.13.

The research view is tied to Nokia's optical networking position. finanznachrichten.de reported that Jefferies expects Nokia's data-center interconnection business to benefit from expanded production capacity over the next three years.

Q2 growth meets restructuring costs

MetaTrader reported Nokia's Q2 2026 net sales at EUR 4.815 billion, up 8 percent from EUR 4.448 billion in Q2 2025. Network Infrastructure sales increased 12 percent on a constant-currency basis, with Optical Networks up 20 percent and IP Networks up 16 percent.

The earnings mix is more important than the headline revenue increase. Comparable operating profit rose 18 percent year over year to EUR 434 million from EUR 367 million, but reported operating profit was negative EUR 50 million after EUR 390 million of restructuring charges.

October results set the next checkpoint

MarketBeat lists October 22, 2026, as Nokia's Q3 2026 reporting date. The company also maintained its 2026 comparable operating profit guidance at EUR 2.1 billion to EUR 2.6 billion, according to the Q2 results information on Nokia's investor relations page.

For investors, the central tension is visible in the figures: stronger network demand and a higher analyst target on one side, but negative reported operating profit and negative Q2 operating cash flow of EUR 620 million on the other.

Nokia stock stays below its yearly high

Nokia stock was last at EUR 9.13 on Nasdaq Helsinki on September 25, 2026, with a daily gain of 0.64 percent. The 52-week range was EUR 3.95 to EUR 15.00, placing the share 39.13 percent below its yearly high.