Nokia stock: Bernstein keeps Hold and sets EUR 9.53 target for Nokia stock

Published on 10/23/2026 at 15:37 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Sales rose 10.00 percent to EUR 5.15 billion in third-quarter 2026. Nokia stock is EUR 7.32 on October 23, 2026, down 2.09 percent versus Xetra close.

Analyst target and reporting date

Bernstein maintained a Hold rating and set a EUR 9.53 target on October 22, 2026.
Nokia reported third-quarter net sales of EUR 5.15 billion, up 10.00 percent year over year.
Nokia stock costs EUR 7.32 at Lang & Schwarz on October 23, 2026 at 3:32 p.m. CEST, 2.09 percent below the Xetra close of October 22, 2026.
Nokia declared a EUR 0.03 dividend payable on November 5, 2026.

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Nokia Corporation (ISIN FI0009000681) received a Hold rating and a EUR 9.53 price target from Bernstein analyst Ulrich Rathe on October 22, 2026, according to Markets Insider. At Lang & Schwarz, Nokia stock was trading at EUR 7.32 on October 23, 2026 at 3:32 p.m. CEST, down 2.09 percent versus the Xetra close of October 22, 2026 at EUR 7.48.

Bernstein target leaves room

Bernstein's EUR 9.53 target stands 30.19 percent above the Lang & Schwarz price. The firm maintained its Hold rating, while J.P. Morgan maintained a Buy rating and an EUR 18.00 target on October 22, 2026, according to Markets Insider.

Third-quarter growth meets pressure

Nokia reported third-quarter net sales of EUR 5.15 billion on October 22, 2026, up 10.00 percent year over year. Comparable operating profit increased 35.00 percent to EUR 605.00 million, while comparable operating margin rose to 11.70 percent from 9.50 percent. The figures came from Nokia's interim report published on October 22, 2026, linked by Nokia.

Price position and dates

Nokia kept its full-year 2026 comparable operating profit outlook at EUR 2.10 billion to EUR 2.60 billion in the October 22, 2026 report. The company also lowered its free cash flow conversion assumption to 35.00 percent to 55.00 percent and plans an additional EUR 400.00 million of working capital investment in 2026.

Nokia's board resolved a EUR 0.03 dividend per share on October 22, 2026. The record date is October 27, 2026, payment is scheduled for November 5, 2026, and fourth-quarter and full-year 2026 results are planned for January 28, 2027, according to Nokia.

Investor view

The central tension is visible in the numbers: comparable profitability improved in the third quarter, but Nokia's lower cash conversion assumption raises the importance of execution through the rest of 2026. Bernstein's target provides a dated valuation reference, while the next scheduled financial milestone is the January 28, 2027 results release.

Nokia stock was trading at EUR 7.32 at Lang & Schwarz on October 23, 2026 at 3:32 p.m. CEST, 2.09 percent below the Xetra close of October 22, 2026 at EUR 7.48. The further course of trading is shown by the continuously updated real-time quote of Nokia stock.