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NOK

Nokia Corp ADR

NYSE: NOK · TECHNOLOGY · COMMUNICATION EQUIPMENT

$12.91
+3.61% today

Updated 2026-04-30

Market cap
$72.07B
P/E ratio
80.69
P/S ratio
3.60x
EPS (TTM)
$0.16
Dividend yield
1.12%
52W range
$4 – $13
Volume
75.6M
OverviewPrice TargetsFinancialsValuationInsidersEarnings

Nokia Corp ADR (NOK) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current
$12.91
Consensus
$8,000.00
+61867.47%
2030 Target
$53.80
+316.73%
DCF
$8.75
+16.11% MoS
3 analysts:
2 Buy4 Hold1 Sell

Management guidance

No specific CEO revenue targets found in provided data. Latest consensus shows FY2026 revenue of €21.05B (5.83% growth) and FY2027 of €21.84B (3.77% growth). Management indicated positive Q1 2026 margin guidance driven by optical demand and AI infrastructure tailwinds, but did not provide explicit multi-year revenue targets.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range
Bull case (2030)
$89.96
$25.2B Rev × 20x P/S
Base case (2030)
$53.80
$25.2B Rev × 12x P/S
Bear case (2030)
$36.16
$25.2B Rev × 8x P/S

Financial forecast — research-backed

Metric2023202420252026 (E)2027 (E)2028 (E)2029 (E)2030 (E)
Revenue$21.1B$19.2B$19.9B$21.1B$21.8B$22.7B$23.9B$25.2B
Revenue growth—-9.1%3.5%5.8%3.8%3.8%5.2%5.7%
EPS$0.30$0.40$0.34$0.32$0.37$0.42$0.48$0.55
P/S ratio———12.0x12.0x12.0x12.0x12.0x
Implied price———$44.98$46.75$48.51$51.16$53.80

Catalysts & risks

Growth catalysts
+ AI infrastructure buildout driving optical and IP networks demand (Goldman Sachs upgrade rationale)
+ 5G RAN strategic partnerships with major carriers (Virgin Media O2, Telefónica, Deutsche Telekom, TIM Brasil)
+ Infinera acquisition (Feb 2025, $2.3B) integration boosting optical networking revenue
+ 6G consortium participation with Nvidia and major telecom operators
+ AWS partnership for AI-powered 5G network slicing deployment
Key risks
- Competitive intensity from Ericsson in mobile radio networks; Goldman Sachs expects limited growth in MRN business
- Geopolitical headwinds and European trading pressures affecting valuation
- High P/E ratio (67.8x current, 23.97x forward) suggests limited margin of safety despite growth narrative
- Historical revenue decline of -2.6% 5Y CAGR and -9.07% decline in 2024 creates execution credibility risk
- Executive insider selling (Raghav Sahgal sold 150k shares in Mar 2026) amid AI pivot uncertainty
- Slowing 5G deployments and macroeconomic headwinds pressuring near-term growth

Methodology

Nokia Corp ADR's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 3 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 7, 2026.