Nokia slides as investors weigh North America risks and recent guidance, amid post-event profit-taking

Nokia Oyj (NOK) is down 3.4% today. Here is some analysis on what might have caused this price movement.

Analysis: The dip appears tied to renewed concern about Nokia’s U.S. wireless exposure—especially the multi-year replacement of Nokia radio gear at a major U.S. carrier—combined with investors digesting Nokia’s latest 2026 outlook and restructuring plans. After several weeks of AI-networking headlines and conference-driven optimism, the move also looks consistent with short-term profit-taking rather than a single, fresh company announcement.

Details:

A major U.S. carrier recently said it has already removed roughly half of its legacy Nokia equipment as part of a broader network swap-out, reinforcing worries about lost revenue and margin pressure in North America over time.

Nokia’s most recent quarterly update included a 2026 framework that depends on cost savings and execution; any perceived conservatism in targets can weigh on sentiment during quiet news periods.

Nokia said it will begin reporting under a new operating and financial structure starting with Q1 2026 results, which can create near-term uncertainty as investors reset segment expectations.

This could also be a “sell-the-news” reaction following high visibility around AI-RAN and data-center networking partnerships earlier in March, with traders reducing exposure ahead of the next earnings date.

Sources:

Nokia Investor Relations, SDxCentral, Investing.com

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 282 institutional investors add shares of $NOK stock to their portfolio, and 231 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
ANALOG CENTURY MANAGEMENT LP added 16,111,905 shares (+inf%) to their portfolio in Q4 2025, for an estimated $104,244,025
PZENA INVESTMENT MANAGEMENT LLC added 11,612,590 shares (+14.5%) to their portfolio in Q4 2025, for an estimated $75,133,457
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.

$NOK Analyst Ratings

Wall Street analysts have issued reports on $NOK in the last several months. We have seen 3 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
Jefferies issued a "Buy" rating on 10/28/2025

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 2 analysts offer price targets for $NOK in the last 6 months, with a median target of $8.0.

Here are some recent targets:

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.