Argus upgraded Nokia (NOK) from Hold to Buy with a new price target of $15.00. Accelerating AI-related demand drives growth in the company's Network Infrastructure segment.
Nokia increased its 2026 revenue growth guidance for the infrastructure business. The acquisition of Infinera Corp. reduces the company's dependency on its Mobile Networks division.
Analyst Jim Kelleher reports Nokia is tracking above the midpoint of its 2026 non-IFRS operating profit forecast. This performance signals increased confidence in the company's long-term financial outlook.