Nokia received a "Neutral" rating from UBS, with a target price of 3.55 euros, after reporting its third-quarter results.

Analyst Francois-Xavier Bouvignies observed that Nokia's sales fell short of consensus estimates, but the operating result was in line with expectations due to a favorable product mix and cost-cutting measures. Despite these positive factors, Bouvignies expressed concerns about Nokia's more pessimistic annual targets and predicted a slight decline in the consensus estimate for the operating result.

The analysis, which provides insights into Nokia's current market position, was published on October 17, 2024.