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

Published on 10/21/2026 at 15:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Nokia reports third-quarter results on October 22, 2026. Nokia stock costs EUR 8.28 on October 21, 2026, 44.80 percent below its high.

Analyst target and reporting date

Bank of America kept its EUR 16.00 target for Nokia on October 19, 2026.
Nokia will publish third-quarter results on October 22, 2026.
Nokia stock costs EUR 8.28 at Lang & Schwarz on October 21, 2026 at 3:36 p.m. CEST, 44.80 percent below its 52-week high.
Nokia had a EUR 46.2 billion market capitalization and a P/E ratio of 66.55 on October 21, 2026.

Bauhaus-Grafikposter mit Sendemasten, Kreisen und Schriftzug TELECOM — Nokia Oyj (FI0009000681) Bauhaus-Poster mit geometrischen Formen und Schriftzug TELECOM symbolisiert Telekommunikationsausrüstungsbranche, Illustration mit AI erstellt.

Bank of America kept its EUR 16.00 target for Nokia on October 19, 2026, while maintaining a Buy rating, according to MarketScreener. The firm linked its view to potential artificial intelligence orders before Nokia's third-quarter report. Nokia was trading at EUR 8.28 at Lang & Schwarz on October 21, 2026 at 3:36 p.m. CEST.

Target meets an earnings test

Bank of America expects more than EUR 2.00 billion in artificial intelligence-related orders ahead of the report, including at least EUR 1.60 billion in optical networks and EUR 400.00 million in switches, according to the October 19 analysis linked by MarketScreener. The same report said second-quarter orders had reached EUR 2.80 billion, giving investors a concrete comparison for the next update.

The target of EUR 16.00 stands 93.24 percent above the Lang & Schwarz price of EUR 8.28. That gap leaves the October 22 report as the next measurable test of whether Nokia can turn artificial intelligence demand into additional orders and capacity.

What does the price position say?

Nokia's 52-week range was EUR 4.70 to EUR 15.00 as of October 21, 2026. At EUR 8.28, the stock stood 44.80 percent below that high and 76.17 percent above the low. Its market capitalization was EUR 46.2 billion, while the reported P/E ratio was 66.55.

Results date sets the next marker

Nokia's investor-relations calendar lists third-quarter results for October 22, 2026, at approximately 8:00 a.m. Finnish time, followed by an analyst webcast at 3:00 p.m. Finnish time. The company is listed on Nasdaq Helsinki, and its investor page also identifies the New York Stock Exchange as a listing venue.

For investors, the key tension is numerical: Bank of America's EUR 16.00 target is nearly double the current euro quote, while the next scheduled report will provide the next company-specific operating figures. The order comparison of EUR 2.80 billion in the second quarter and more than EUR 2.00 billion expected before the third-quarter report gives that event a clear benchmark.

Stock position and next event

Nokia's share price remains materially below its 52-week high, and the upcoming results date supplies the next fixed reference point for the analyst thesis. The price position and the target should be read separately because the target reflects an analyst valuation, not a guaranteed market outcome. The further course of trading is shown by the continuously updated real-time quote of Nokia stock.