: Management raised its 2026 Network Infrastructure growth outlook to 12%–14% (up from 6%–8%) due to surging demand for optical and IP networking. Financial Outlook (FY 2026)

Nokia (NOK) Stock Forecast and Price Target 2026 - MarketBeat

: Q1 2026 saw a 49% surge in net sales from AI and cloud customers, with €1 billion in new orders.

Nokia’s current "Buy" case is heavily centered on its role in the AI infrastructure supercycle.

: $9.71 , which suggests a potential 9.55% downside from current prices around $10.74.