NOK Stock On Track For Best Month In Nearly 13 Years Amid AI Push

• Barclays raised NOK price targets to 8 euros from 5.20 euros.
• NOK stock records best day in six months.
• Morgan Stanley and JPMorgan also raised their price targets on Nokia’s Helsinki-listed shares on Wednesday.

U.S.-listed shares of Finnish networking company Nokia Oyj (NOK) soared 10.4% on Thursday, rising for the fifth consecutive session as analysts and investors bet on the company’s network tools to play a heightened role in the ongoing AI boom.

Barclays analyst Simon Coles raised the firm's price target to 8 euros from 5.20 euros and maintained its ‘Underweight’ rating on the shares, citing high valuation. “Nokia has clear momentum driven by intellectual property and optical,” the analyst told investors in a research note. 

Alternatively, Arete upgraded Nokia to ‘Buy’ from ‘Neutral’with a 10.60 euro price target. “The shares have re-rated higher given the company's optical exposure to hyperscale data center spend, but AI and cloud represented just 8% of Nokia's Q1 sales,” Arete wrote in a research note. 

NOK AI Infrastructure 

Nokia’s most significant growth in 2026 comes from AI & Cloud revenue, which surged nearly 50% in Q1 2026. Nokia is shifting from traditional 5G toward AI-Native 6G and AI-RAN (Radio Access Network). 

Nokia provides high-speed optical and IP routing systems that prevent AI-focused data centers from becoming bottlenecks.

Through partnerships with companies like Blaize, Nokia is enabling "Physical AI"—allowing robots, drones, and sensors to process AI data locally rather than sending everything back to a central cloud, which saves time and energy.

NOK Q1 Results Recap

Last Thursday, Nokia reported first-quarter comparable sales in line with expectations and comparable profit ahead of expectations.

The company highlighted its AI-augmented networking offerings are seeing healthy demand and raised the revenue growth target for its network infrastructure segment to 12% to 14% this year, up from the previous forecast of 6% to 8%. 

"As a result, we are currently tracking somewhat above the ⁠mid-point of ​our full year financial outlook of 2.0 billion to ​2.5 billion euros in comparable operating profit," CEO Justin Hotard said in a statement.

NOK Retail View

Retail sentiment on Stocktwits was ‘extremely bullish’ with ‘extremely high’ message volumes on Wednesday. 

One user expressed bullishness by urging fellow retail traders to invest in NOK if they missed NVDA or AMD’s recent bull run. 

The stock has gained 92% year-to-date.

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