Nokia Stock Climbs as Morgan Stanley Lifts Target on AI Demand
Nokia shares traded near 7.2 euros in Helsinki after Morgan Stanley raised its price target to 8.50 euros, citing stronger AI infrastructure demand. The U.S.-listed ADRs closed at $8.14, with trading volume more than double the 50-day average. Nokia recently expanded AI partnerships with TIM Brasil and Deutsche Telekom. The company expects 2026 comparable operating profit of 2.0–2.5 billion euros.