B. Riley Financial starts Nokia coverage with Buy rating for Nokia stock

Published on 10/02/2026 at 14:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Nokia booked EUR 2.8 billion in AI and cloud orders in Q2 2026. Nokia stock costs EUR 9.45 after EUR 9.27 on October 2, 2026, plus 1.94 percent.

Isometrische 3D-Grafik eines Telekommunikationsnetzwerks mit Türmen und Servern — Nokia Oyj (FI0009000681) isometrische 3D-Illustration einer Netzarchitektur mit Sendemasten, Rechenzentrum und vernetzten Geräten, Illustration mit AI erstellt.

Nokia (ISIN FI0009000681) was trading at EUR 9.45 at Lang & Schwarz on October 2, 2026 at 2:34 p.m. CEST, up 1.94 percent from the prior close of EUR 9.27. The latest analyst event is B. Riley Financial's Buy initiation and USD 15.00 price target dated September 17, 2026, as MarketBeat reported.

AI orders reshape the story

Nokia recorded EUR 2.8 billion in AI and cloud order intake in the second quarter of 2026, giving the company a concrete demand indicator beyond traditional carrier spending. The figure is part of a broader operating shift toward data-center connectivity, optical networking and AI-native network infrastructure.

According to MetaTrader, Nokia generated EUR 4.815 billion of reported net sales in the second quarter of 2026, compared with EUR 4.448 billion of comparable sales in the second quarter of 2025. Comparable operating profit reached EUR 434 million, up from EUR 367 million, while comparable operating margin improved to 9.00 percent from 8.30 percent.

Profit growth meets execution risk

The reported picture was less even. Nokia posted a EUR 50 million operating loss in the second quarter of 2026 after accelerated restructuring charges, while free cash flow was negative EUR 732 million compared with positive EUR 88 million in the second quarter of 2025, according to MetaTrader.

The same filing showed a 2026 comparable operating profit guidance range of EUR 2.1 billion to EUR 2.6 billion, revised from EUR 2.0 billion to EUR 2.5 billion after discontinued-operations classification. That leaves AI order conversion and restructuring execution as the key bridge between demand and reported earnings.

Targets sit above the market

MarketBeat listed 19 analyst ratings, including 14 Buy ratings, 3 Holds and 2 Sells, with a consensus target of USD 14.12. B. Riley Financial's USD 15.00 target is a separate analyst view and is not comparable with the Lang & Schwarz euro quote.

Nokia's next reporting date is October 22, 2026, according to Boerse Express. The date gives investors a defined checkpoint for AI and cloud order conversion, margin delivery and cash flow.

Nokia stock trades in rising session

Nokia stock was trading at EUR 9.45 at Lang & Schwarz on October 2, 2026 at 2:34 p.m. CEST, plus 1.94 percent versus the Lang & Schwarz prior close of EUR 9.27. The Nasdaq Helsinki listing is the primary exchange, while the US ADR quote is a separate instrument and is excluded from the euro reference price. The further course of trading is shown by the continuously updated real-time quote of Nokia stock.