HELSINKI, July 5, 2026, 18:08 (EEST)
- Nokia gained 3.57% Friday to finish at 11.17 euros, but still dropped 1.93% over the week.
- OMX Helsinki 25 rose 2.03% close-to-close in the same stretch, leaving Nokia lagging by 3.96 points.
- 5.27 million shares traded Friday, less than half the average volume seen from Monday to Thursday.
- Bank of America NYSE:BAC lifted its target on Nokia on Friday. Nokia will report Q2 and first-half numbers on July 23.
Nasdaq Helsinki is closed for the weekend. The focus isn’t on Friday’s bounce. Traders now want to see if Nokia Oyj HEL:NOKIA can turn that broker-driven rebound into something stronger before second-quarter results hit July 23.
Nokia finished Friday at 11.17 euros, up 3.57% after hitting its session high right at the close. Still, shares dropped 1.93% over the week. OMX Helsinki 25 (INDEXNASDAQ:OMXH25) gained 1.57% Friday and 2.03% for the week, putting Nokia 3.96 points behind the benchmark.
| Measure | Nokia | OMX Helsinki 25 |
|---|---|---|
| Friday close | 11.17 euros | 6,268.65 |
| Friday change | up 3.57% | up 1.57% |
| Week change | down 1.93% | up 2.03% |
| Nokia gap vs index | — | minus 3.96 points |
Nokia’s rebound came on weak volume. The stock traded 5.27 million shares Friday, about 45% of its average volume from Monday to Thursday and just 38% of last Friday’s 13.95 million. Shares clawed back losses from a 5.27% drop on Thursday, but did it on the lowest volume of the week.
| Date | Nokia close, euros | Change | Volume |
|---|---|---|---|
| Jun. 29 | 11.215 | fell 1.54% | 13.30 mln |
| Jun. 30 | 11.555 | rose 3.03% | 11.26 mln |
| Jul. 1 | 11.385 | dropped 1.47% | 9.38 mln |
| Jul. 2 | 10.785 | slid 5.27% | 12.47 mln |
| Jul. 3 | 11.170 | added 3.57% | 5.27 mln |
Bank of America sparked the move. MarketScreener said BofA upped its Nokia target to 15.60 euros from 14.40 euros and stuck with a buy rating. The bank expects Q2 AI hardware orders at least matching the 1 billion euros in Q1, noting wins in data centre switches and steady optical demand.
Nokia has jumped 100.47% so far this year, according to MarketScreener. But the average target price from 23 analysts is 10.64 euros, which is under where shares finished Friday. The mean rating is still “Outperform.” The highest target is 18 euros. MarketScreener
| Analyst setup | Value |
|---|---|
| Number of analysts | 23 |
| Consensus rating | Outperform |
| Friday’s last price | 11.17 euros |
| Consensus target | 10.64 euros |
| Top target | 18.00 euros |
| Bottom target | 4.65 euros |
Nokia’s July 23 report will test its AI & Cloud data. Back in April, the company said AI & Cloud customer net sales jumped 49% in Q1 and accounted for 8% of total sales. Nokia booked 1 billion euros in AI & Cloud orders during the quarter. CEO Justin Hotard said the company was “increasing our growth assumption for Optical and IP Networks.” Nokia Corporation | Nokia
Nokia didn’t give a value for its latest orders, but the story doesn’t change. Orange Belgium NV (EBR:OBEL) picked Nokia as the only supplier for a multi-year upgrade of its optical transport network in Belgium. Philippe Toussaint, CTO at Orange Belgium, described the project as a “state of the art single optical network.” Guil Yazdi, a Nokia VP and client exec for Orange, said the deal would support an “AI-ready connectivity platform.” Nokia Corporation | Nokia
The tape looks straightforward this week. If it closes above last week’s 11.83 euro high, Friday’s rebound is in better shape. A move below 10.76-10.68 euros would give up the BofA bounce before earnings. Nokia has its Q2 2026 and half-year event on July 23 at 11:30 a.m. EEST.
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