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Nokia (#NOK) Gets Bullish JPMorgan Outlook With $21 Price Target | THINKSABIO
Aug 19, 2026 · ThinkSabio Inc
JPMorgan reaffirmed its Overweight rating on Nokia (#NOK) with a $21 price target, implying roughly 100% upside from the cited price. The firm believes consensus estimates are not fully reflecting Nokia's revenue potential from AI and cloud networking, while its strong order book could support earnings growth in 2027 and 2028.
Sector: Telecommunications / Networking
Key Highlights
📈 JPMorgan rating: Overweight
🎯 Price target: $21
🚀 Approximately 100% upside based on the cited price
🤖 AI and cloud networking seen as major growth drivers
📦 Strong order book supports future earnings
📊 Potential earnings strength in 2027–2028
🌐 Nokia gaining market share in Internet Protocol networks
🔧 Component supply expected to support future ramp-up
Why It Matters
JPMorgan believes Nokia's AI and cloud networking opportunities are being undervalued by the market, creating potential upside if demand and order conversion accelerate as expected.
Read More:
https://www.thinksabio.com/reports/isr/NOK
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