Nokia jumps 7.3% as investors digest raised 2026 optical/IP outlook and fresh price-target hikes

Nokia Corporation (NOK) is up 7.3% today. Here is some analysis on what might have caused this price movement.

Analysis: The move looks tied to a continued post-earnings re-rating after Nokia’s April 23, 2026 Q1 report lifted growth expectations for Network Infrastructure—especially Optical and IP networks tied to AI/data-center traffic—alongside a wave of bullish analyst actions. A new high-profile price-target increase earlier this week likely added momentum and brought in incremental buyers.

Details:

Nokia’s Q1 2026 interim report (April 23, 2026) raised its 2026 expectation for Network Infrastructure net sales growth to 12%–14% and said Optical + IP Networks combined are expected to grow 18%–20% in 2026, with higher investment planned for Optical Networks.

The same update said Nokia was tracking somewhat above the mid-point of its full-year 2026 comparable operating profit outlook of €2.0–€2.5 billion, reinforcing confidence in the earnings trajectory.

Nokia also declared a €0.04 per share dividend in that release, with a record date of April 28, 2026 and payment scheduled for May 7, 2026, which can increase near-term investor focus on the name.

Separately, an analyst note on April 27, 2026 lifted a major bank’s price target to $14 while maintaining a bullish stance, supporting the “multiple expansion” narrative after the guidance update.

Sources:

Nokia, StreetInsider, Yahoo Finance

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$NOK Hedge Fund Activity

We have seen 283 institutional investors add shares of $NOK stock to their portfolio, and 180 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

NVIDIA CORP added 166,389,351 shares (+inf%) to their portfolio in Q4 2025, for an estimated $1,076,539,100
FMR LLC added 70,554,494 shares (+74.5%) to their portfolio in Q4 2025, for an estimated $456,487,576
PZENA INVESTMENT MANAGEMENT LLC removed 28,516,989 shares (-31.0%) from their portfolio in Q1 2026, for an estimated $229,276,591
ANALOG CENTURY MANAGEMENT LP added 16,111,905 shares (+inf%) to their portfolio in Q4 2025, for an estimated $104,244,025
ALYESKA INVESTMENT GROUP, L.P. added 11,035,002 shares (+171.0%) to their portfolio in Q4 2025, for an estimated $71,396,462
MILLENNIUM MANAGEMENT LLC added 9,774,328 shares (+266.1%) to their portfolio in Q4 2025, for an estimated $63,239,902
ARGA INVESTMENT MANAGEMENT, LP added 7,654,181 shares (+inf%) to their portfolio in Q4 2025, for an estimated $49,522,551

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API.

$NOK Analyst Ratings

Wall Street analysts have issued reports on $NOK in the last several months. We have seen 2 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Morgan Stanley issued a "Overweight" rating on 02/09/2026
JP Morgan issued a "Overweight" rating on 12/01/2025

To track analyst ratings and price targets for $NOK, check out Quiver Quantitative's $NOK forecast page.

$NOK Price Targets

Multiple analysts have issued price targets for $NOK recently. We have seen 3 analysts offer price targets for $NOK in the last 6 months, with a median target of $8.0.

Here are some recent targets:

Jim Kelleher from Argus Research set a target price of $15.0 on 04/27/2026
Terrance Tsul from Morgan Stanley set a target price of $8.0 on 02/09/2026
Sandeep Deshpande from JP Morgan set a target price of $8.0 on 12/01/2025

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.