Arete Upgrades Nokia (NOK) to Buy

On April 29, 2026, Arete upgraded Nokia Oyj (NYSE:NOK) to Buy from Neutral with a EUR 10.60 terms target. The steadfast noted the shares person re-rated connected vulnerability to hyperscale information halfway spending, portion AI and unreality accounted for 8% of Q1 sales.

Argus expert Jim Kelleher besides upgraded Nokia Oyj (NYSE:NOK) to Buy from Hold with a $15 terms people pursuing the Q1 report. Jim Kelleher cited AI-driven request and a higher 2026 gross maturation outlook for the Network Infrastructure segment, adding that Mobile Networks has been unchangeable and could statesman to turn with rising AI information halfway traffic.

On April 23, 2026, Nokia Oyj (NYSE:NOK) reported Q1 comparable EPS of EUR 0.05 versus EUR 0.03 past twelvemonth and gross of EUR 4.5B compared to EUR 4.39B, with comparable nett income up 4%. The institution said it delivered a “solid start,” with beardown request successful AI & Cloud, wherever nett income roseate 49% and accounted for 8% of radical sales, alongside EUR 1B successful orders. Network Infrastructure grew 6%, including 20% maturation successful Optical Networks, portion Fixed Networks declined 13% arsenic portion of a displacement toward higher-margin products. Nokia expects FY26 comparable operating nett of EUR 2B to EUR 2.5B, superior expenditures of EUR 900M to EUR 1B, and a comparable income taxation complaint of 26% to 27%, with higher capex tied to Optical Networks capableness and existent property projects.

Nokia Oyj (NYSE:NOK) provides mobile, fixed, and unreality web solutions crossed planetary markets.

While we admit the imaginable of NOK arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

READ NEXT: 33 Stocks That Should Double successful 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

Disclosure: None. Follow Insider Monkey connected Google News.