Bank of America Raises Nokia Target 56%
Watch: Watch Nokia's execution on AI infrastructure deals and Optical Networks growth, including upcoming contract announcements with major carriers, for confirmation of sustained expansion.
Full analysis
Bank of America upgraded Nokia from Neutral to Buy, boosting the price target from 6.87 to 10.70, a 56% rise, on April 13, 2026. The Optical Networks division is expected to grow 17% CAGR through 2028, driving EPS estimates 13-15% above consensus for 2026-28. Nokia shares rose nearly 2% in Helsinki following the upgrade, supporting bullish momentum after recent structural wins in AI networking.
This upgrade and elevated growth projections reinforce Nokia's AI infrastructure pivot and validate its strategy of expanding high-margin Optical Networks amid accelerating institutional support.
Evidence
Get alerted when NOK changes direction
We'll email you when our AI detects a shift — reversals, insider clusters, filing red flags.