Nokia stock: Bank of America keeps EUR 16.00 target for Nokia stock

Published on 10/19/2026 at 15:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter sales rose 8.00 percent to EUR 4.8 billion. Nokia stock costs EUR 8.38 on October 19, 2026, minus 0.59 percent versus the Xetra close.

Analyst target and quarterly date

Bank of America reiterated a EUR 16.00 Nokia target on October 19, 2026.
Second-quarter sales rose 8.00 percent to EUR 4.8 billion.
Nokia stock costs EUR 8.38 at Lang & Schwarz on October 19, 2026 at 2:59 p.m. CEST, minus 0.59 percent versus the Xetra close of October 16, 2026.
Nokia will publish third-quarter results on October 22, 2026.

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Nokia (ISIN FI0009000681) was assigned a EUR 16.00 target by Bank of America on October 19, 2026, as MarketScreener reported. The target is 90.93 percent above the EUR 8.38 price. Nokia stock was trading at EUR 8.38 at Lang & Schwarz on October 19, 2026 at 2:59 p.m. CEST, minus 0.59 percent versus the Xetra close of October 16, 2026.

Second-quarter sales rose 8.00 percent

Nokia's second-quarter 2026 sales rose 8.00 percent to EUR 4.8 billion from a year earlier, while reported profit fell to EUR 5.0 million from EUR 96 million. The Economic Times said restructuring charges weighed on the result, while underlying operating profit rose 18.00 percent to EUR 434 million.

Price position and valuation

The Xetra reference level was EUR 8.43 on October 16, 2026. The same-day market quote showed a USD 5.45 to USD 17.45 52-week range, a USD 49.4 billion market capitalization and a P/E ratio of 67.44 as of October 16, 2026. Those figures place the current euro quote below the midpoint of the reported dollar range, but currencies are not directly comparable.

Valuation and results date

The EUR 16.00 Bank of America target gives Nokia a large implied gap to the current euro price, while the bank also highlighted production capacity and supply-chain constraints ahead of the next report. Nokia's investor-relations calendar lists third-quarter results for October 22, 2026, with the release scheduled for about 8:00 a.m. Finnish time and the analyst webcast at 3:00 p.m., according to Nokia.

Comparison with peers

Nokia: minus 0.59 percent, P/E 67.44, market capitalization USD 49.4 billion
Ericsson (NYSE, USD): minus 1.49 percent, P/E 17.84, market capitalization USD 35.3 billion
Ciena (NYSE, USD): minus 6.67 percent, P/E 74.27, market capitalization USD 47.2 billion

What the next report could clarify

Nokia's next scheduled report will put the EUR 16.00 target against fresh operating data, with the second-quarter comparison showing stronger sales but lower reported profit. The key market contrast is valuation: Nokia's P/E of 67.44 was above Ericsson's 17.84 and below Ciena's 74.27 in the October 16, 2026 comparison.

The further course of trading is shown by the continuously updated real-time quote of Nokia stock.