Could Nokia Reach $10 in 2026? The Answer May Blow Your Mind.
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By Thomas Niel – Dec 11, 2025 at 12:18PMKey PointsBack in October, news of Nvidia's investing $1 billion into Nokia sent the stock to new multiyear highs.Shares in the telecom equipment maker have since pulled back, but this catalyst could make a significant return in the coming year.These 10 Stocks Could Mint the Next Wave of Millionaires ›NYSE: NOKNokiaMarket Cap$35BToday's Changeangle-down(2.57%) $0.16Current Price$6.38Price as of December 11, 2025 at 12:43 PM ETNokia's AI pivot, combined with other plans to enhance the company's financial performance, could propel the stock to multidecade highs in 2026.Since 2020, Nokia (NOK +2.57%) has experienced increased investor attention, both as a turnaround play and as a meme stock. Still, its 64% rise over the past five years lags behind the S&P 500, which has increased by over 86% during this time frame. However, in the coming year, shares in the telecom equipment maker could make a serious leap higher, to prices not hit in well over a decade. Image source: Getty Images. Wall Street's whipsaw reaction to Nvidia news Back in late October, Nvidia announced plans to invest $1 billion into the company to "enable accelerated development and deployment of next generation AI native mobile networks and AI networking infrastructure." ExpandNYSE: NOKNokia OyjToday's Change(2.57%) $0.16Current Price$6.38Key Data PointsMarket Cap$35BDay's Range$6.36 - $6.5352wk Range$4.00 - $8.19Volume18MAvg Vol48MGross Margin42.70%Dividend Yield2.52% Given the implications of Nokia working with a top AI winner in its own AI endeavors, it's not surprising that Nokia shares soared from around $6 to as much as $8.19 per share on the news. Even as the stock has since given back these gains -- it closed Dec. 9 at $6.18 -- don't underestimate the potential impact of this emerging AI catalyst. $10 per share is within reach for Nokia in 2026 In the quarters ahead, if Nokia posts strong results and guidance, as well as promising updates about its AI pivot, another surge may be in store. Sell-side analyst estimates already call for Nokia to experience 25% earnings growth in 2026.Advertisement Depending on the extent of Nokia's AI progress, shares, now trading at a forward P/E of around 13, could experience major valuation expansion. Other AI networking stocks trade for more than 30 times forward earnings estimates. Even if the stock experiences just a modest rerating, to a forward P/E in the mid-to-high 20s, this would result in the stock climbing to prices north of $10 per share. You may want to wait for further near-term weakness, but keep Nokia on your radar in 2026.About the AuthorThomas Niel is a contributing Analyst at The Motley Fool, covering publicly traded companies in the consumer goods and technology sectors. Prior to the Motley Fool, Thomas was a contributing Analyst for several online investing publications, including InvestorPlace, Seeking Alpha, and TipRanks. He also has past career experience in the accounting and government contracting industries. He holds a B.B.A. in Accounting from Marymount University. Thomas won his school's geography bee in the fifth grade, but retired from the professional geography bee circuit shortly thereafter.TMFThomasNielRead NextNov 19, 2025 •By Johnny RiceWhy Nokia Stock Sank 9.2% TodayOct 31, 2025 •By Johnny RiceWhy Did Nokia Stock Soar This Week?Oct 28, 2025 •By Joe TenebrusoWhy Nokia Stock Surged TodayOct 28, 2025 •By Keith NoonanNvidia Just Made a $1 Billion Bet on Nokia.
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