Nokia Price Targets Lifted, Sets €2–2.5B Profit Goal and Joins Tech Alliance
JPMorgan raised Nokia’s price target from $8.00 to $8.20 and maintained an Overweight rating, while Grupo Santander upgraded its view to Outperform with a €6.40 target following Q4 2025 results. Nokia joined the cross-border Trusted Tech Alliance with 14 global partners and reiterated its 2026 goal of €2–2.5 billion operating profit.
1. Analyst Upgrades After Q4 2025
Following the release of Q4 2025 results, JPMorgan lifted Nokia’s price target from $8.00 to $8.20 and kept an Overweight rating, while Grupo Santander upgraded to Outperform with a €6.40 target. Analysts cited improved execution, the Infinera acquisition and AI-driven network opportunities as key drivers.
2. 2026 Profit Guidance and Operating Simplification
At its Capital Markets Day, Nokia announced plans to streamline its operating model into two segments—Network Infrastructure and Mobile Infrastructure—starting in 2026 and set a 2026 operating profit goal of €2–2.5 billion. This disciplined focus aims to capture growth in AI and cloud networking markets.
3. Trusted Tech Alliance Membership
Nokia joined the cross-border Trusted Tech Alliance alongside 14 global technology firms, committing to principles of transparent governance, supply chain security and open digital ecosystems. This membership is intended to bolster cross-border collaboration and enhance trust in Nokia’s infrastructure solutions.