Nokia: Back To The Buy Zone (Rating Upgrade)

Nokia is attractively valued back at $10 as AI & Cloud orders surge, positioning the company for strong future growth.

The telecom equipment company reported Q2'26 saw AI & Cloud revenues grow 105% to €446 million, with €2.8 billion in orders, signaling robust demand for optical networking.

Nokia indicated only half of Q2's AI & Cloud orders are expected to convert to revenue within 12 months, indicating a long-term growth runway.

The stock trades at ~20x 2027 EPS targets, with margin expansion and AI-driven sales growth offering substantial upside potential to estimates.

Now, an investor can buy the stock back