Nokia (NOK) is one of the trending technology stocks in the market. If you’re looking for the Nokia stock forecast or finding the potential of NOKIA, this forecast can be helpful for you. Our forecast is based on a deep technical analysis and the current performance of Nokia stock. Here we will try to analyze the potential of Nokia (NOK) stock in the long term.
Nokia stock forecast
The historical performance of NOKIA stock looks extremely volatile. Nokia stock has shown extensive growth after the IPO launch. The value of NOKIA stock rallied to an all-time high (ATH) of $32.90 in June 2000. However, after rallying to its ATH, since then Nokia has been showing a bearish performance.
The Nokia stock has lost its value by 14% in the recent bearish events. As per our forecast and the current market situation, the value of Nokia (NOK) stock will not recover very soon. If we measure the current performance Nokia will hardly touch its recent ATH this decade. There are possibilities that if the market sees a good bull run the value of NOKIA stock may boost in the upcoming months.
Nokia Oyj (NOK) overview
|$32.90 (June 19, 2000)
|Apple, Sony, Samsung, Motorola.
Nokia stock forecast 2023
As the whole market is going through bearish events, Nokia’s performance can be slow this year. According to our forecast, the average value of NOKIA stock can be around $5.14 in 2023. The year can end with a maximum value of $5.47 if there is any bullish event. However, if a bearish environment continues in the market the minimum value of NOKIA stock can be around $4.51. There are strong possibilities that Nokia may recover its position if there is some positive environment in the market.
Nokia stock forecast 2024
According to some market experts, technology stocks may perform well in 2024. According to our forecast, the maximum value of Nokia stock can be around $6.46 by 2024. However, the average price of Nokia can be around $5.38 if current growth continues. And if there is any bearish trend the minimum price of Nokia stock can be down up to $4.29. In the next bull rally, the prices of Nokia may surge more than our long-term Nokia forecast.
Nokia stock forecast 2025
As per some market experts, the market situation can be better this year. Along with other technology stocks, the NOKIA stock may recover from long bearish events in 2025. As per our price forecast, Nokia can touch the maximum price level of $7.25 in 2025. If current performance continues the average price level of Nokia stock can be around $6.61. However, if there are bearish events in the market the minimum price of Nokia stock can be around $5.32.
Nokia stock forecast 2026
As per our Nokia forecast, their prices can hit a new ATH level this year. If the market performs as per our calculation the maximum value of Nokia may touch $8.46 in 2026. The year 2026 can end with an average value of $7.24 in 2026. However, if the market turns bearish, the minimum value of Nokia can be traded at around $5.76. According to some market experts, the bearish environment can last till 2025 so we have high expectations from 2026.
Nokia stock forecast 2027
Nokia prices may soar and cross the last ATH this year. According to our price forecast, the average value of Nokia stock can be around $8.52. While the minimum value of Nokia can be around $6.19. If the market sees some good movement the value of NOKIA stock may skyrocket and surpass most price forecasts. According to our calculation, the maximum value of Nokia stock can be around $9.27.
Nokia stock forecast 2028
Nokia is an emerging electric automaker and it has the potential to touch great heights, as the demand for electric vehicles is increasing day by day. According to our forecast, the average value of Nokia stock can be around $8.19 in 2028. If the market turns bullish the maximum price of Nokia stock may touch $10.75. However, if the market doesn’t perform as per our expectation the minimum price of Nokia stock can be around $7.62.
Nokia stock forecast 2029
Nokia can be a profitable investment in the long term. As per our forecast, the maximum value of Nokia stocks can be around $11.51. The average value of Nokia can be around $9.08 if everything goes as per our calculations. However, if the market sees bearish events the minimum value of Nokia stock can be down up to $8.19. If more investors are attracted to Nokia in between these years the value of Nokia can be much higher in 2029 than our forecast.
Nokia stock forecast 2030
Nokia stock can give great returns if you can hold it till 2030. As per our long-term Nokia stock forecast, their value can hit a new ATH level this year. In 2030, we may expect an average value of $10.39 for Nokia. If the market gets bullish, Nokia may surge more than our forecast. The maximum value of Nokia can be around $12.03 in 2030. However, the minimum value of Nokia can be around $9.17 if the market turns bearish.
Nokia stock forecast 2031
The performance of Nokia can be bullish in 2031 but it will hardly touch the recent ATH. By 2031, we may expect an average price of $11.61. If current growth continues, our maximum forecast for Nokia is $13.42 in 2031. The minimum price level of Nokia can be around $10.35 if the market turns bearish. However, if the market gets bullish, Nokia may surge more than our forecast in 2031.
Nokia Oyj (NOK) Chart
Is Nokia a good stock to buy?
Nokia stock is showing a risk-framing segment. Some market analysts have suggested that the price of Nokia stock can go down if the market doesn’t see a good recovery. The NOKIA stock performed like a star in its initial phase but now it is struggling to gain its position. However, if the company takes some bold steps Nokia stock may recover in the next few months.
Investors need to keep in mind that stock forecasts are not always trustable. Even though Nokia’s performance seems bullish in the long term, Nokia and other stocks are subject to market risk. If you are a smart investor and believe to make long-term investments, Nokia can be a good choice. Before making any investment decision in Nokia or any other stock proper risk management is suggested.
Will Nokia stock recover?
Nokia Inc is currently struggling to manage its position. According to some reports the company is facing project delays due to the supply chain issue. If we measure the current performance, it doesn’t look like the Nokia stock will recover very soon. As per our long-term forecast, the performance of NOKIA stock may improve but it will hardly touch the recent ATH.
However, in the stock market, nothing is impossible. As we have seen in the past, a great bull run or bear rally can destroy all the stock forecasts in seconds so it’s not easy to say that the forecasts can be accurate. If more investors are attracted to Nokia stocks and pump their investment the value of Nokia can skyrocket and it may hit the recent ATH before our forecast.
What is the latest price target for Nokia stock?
There are many analysts in the market that has given different price target for Nokia stock. The latest average price target for Nokia (NOK) is $4.99.
Will NOK stock go up?
Nokia is one of the most popular technology stocks in the market that has the potential to touch new highs. However, It’s not easy to forecast the accurate price behavior of Nokia or any other stock. The current market sentiments look bearish but the performance of Nokia stock may improve in the next few months.
Will Nokia rise again?
According to some market analysts, the company has the potential to come back. If Nokia takes some bold steps and introduces revolutionary products, the company may regain its position in the market. However, the financial performance of Nokia looks better this year than in recent years.
Where will Nokia stock be in 5 years?
The long-term forecast for Nokia looks bullish but the actual value of Nokia stock in five years depends on many factors including the company’s financial performance, demand, and supply of Nokia products. As per our price forecast, the maximum price level of Nokia can be between $8 to $10 in the next 5 years, if current growth continues. However, market experts have suggested that the NOKIA stock can be zero if the company situation doesn’t improve.
Where will the Nokia stock be in 10 years?
If we measure the past performance of Nokia and the current market situation the long-term forecast of Nokia stock looks bullish. The market movement can be positive in the upcoming months. Even if the current performance continues, Nokia may cross $20 in the next 10 years. However, if you’re looking for big gains, it depends upon which type of investment you choose, for the long term or the short one.
Is NOK stock a good long term investment?
It’s almost impossible to forecast the accurate value of stocks but a long term investment in Nokia looks profitable. As we have measured the performance of NOKIA stock it is looking risky. If Nokia products attract more customers or more investors are attracted to Nokia stocks the value of Nokia stocks may improve in upcoming years. We suggest our readers conduct the maximum level of research before making any investment decision in Nokia.