Nokia stock gains after B. Riley starts coverage

Published on 09/18/2026 at 12:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

B. Riley started Nokia stock coverage with a Buy rating and a USD 15 target on September 17, 2026. Q2 2026 revenue was USD 5.50 billion and EPS was USD 0.08.

Fotorealistischer 5G-Antennenmast mit Technikkorb vor blauem Himmel — Nokia Oyj (FI0009000681) 5G-Antennenmast in fotorealistischer Aufnahme zeigt moderne Netzwerkausrüster-Technologie im Sonnenlicht, Illustration mit AI erstellt.

Nokia stock (FI0009000681) gained after B. Riley Financial started coverage with a Buy rating and a USD 15 price target on September 17, 2026, while the shares were reported at USD 10.14 in the same note. The move followed Nokia's latest quarter, where revenue was USD 5.50 billion and EPS came in at USD 0.08.

AI orders support the case

According to Investing.com on September 17, 2026, B. Riley said Nokia's USD 15 target implied about 48 percent upside from USD 10.14, and the note also pointed to EUR 2.8 billion in AI and cloud order intake in Q2 2026. The same note said adjusted EPS was USD 0.08 against USD 0.06 expected, while revenue reached USD 5.51 billion versus USD 5.59 billion forecast.

That mix matters because the quarter delivered a clear earnings beat and a revenue miss in the same report, so the market is weighing margins and order visibility together. MarketBeat said on September 17, 2026 that its overview showed a Moderate Buy consensus and an average target of USD 14.12, while also citing the same USD 15 B. Riley target.

Consensus sits above price

According to MarketBeat on September 17, 2026, Nokia's average analyst target stood at USD 14.12, above the reported USD 10.14 share price. The same coverage also said quarterly revenue rose 8.4 percent year over year to USD 5.50 billion and net margin was 3.49 percent.

For investors, the key comparison is simple: the analyst target of USD 14.12 is 39.4 percent above USD 10.14, while B. Riley's USD 15 target is even further out. The stock is being judged less on the headline quarter than on whether AI and optical orders can turn into steadier revenue.

Price stays below target

Nokia stock traded at USD 10.14 on the Nasdaq on September 17, 2026, with a reported market capitalization of USD 59.42 billion and a 52-week range of USD 4.63 to USD 17.45. The same session also showed a prior close of USD 10.14 in the cited market data.