Rosenblatt cuts Nokia price target to $14 but keeps Buy, calls selloff overdone
As seen on the 24/7 Wall St. homepage on October 23, 2026.
The $1 trim to $14 reflects peer multiples rather than Nokia's quarter, and Rosenblatt is still calling the post-earnings drop overdone with a Buy rating intact.
Rosenblatt trims Nokia $NOK price target, says post-earnings selloff 'overdone' Rosenblatt analyst Mike Genovese lowered the firm's price target on Nokia to $14 from $15 and keeps a Buy rating on the shares, citing lower peer multiples for the firm's lowered target. Nokia's Q3 https://t.co/Ug4ojneJ6H
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Rosenblatt calls the post-earnings selloff in Nokia overdone and is keeping its Buy rating, trimming its price target to $14 only because peer multiples across the sector fell.
Analyst Mike Genovese sees the market's reaction as an opportunity rather than a verdict on Nokia's results.
The gap to that $14 target is worth keeping in focus.
With a Buy still on the table and the analyst explicitly pushing back on the market's negative read, the gap between where the stock traded after earnings and Rosenblatt's $14 target is the number worth keeping in focus.
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