Nokia Oyj NOA3.DE (XETRA) ends €5.64 Jan 28 2026: earnings focus ahead

Today the market closed on Nokia Oyj (NOA3.DE) at €5.64, down -4.57%, as investors positioned ahead of an earnings release scheduled for 29 Jan 2026. This earnings spotlight on NOA3.DE stock focuses on valuation, cash flow, and near-term catalysts that could move the share price when results hit after market hours. Volume finished at 455,322, above the average of 333,286, signalling active trading into the print. We use Meyka AI-powered market analysis to set price paths and highlight what analysts will be watching in the report

Earnings context for NOA3.DE stock

Nokia reports results on 29 Jan 2026 after markets, with guidance and contract news likely to shape the move. The company previously flagged growth in software and services and stronger optical wins. Today’s close at €5.64 follows an intraday range of €5.53—€5.75 and a 52-week range of €3.46—€6.66. One clear question is whether Nokia will convert recent order momentum into margin improvement for Mobile Networks and Network Infrastructure

Financial snapshot and valuation of NOA3.DE stock

Nokia trades at PE 35.26 on reported EPS €0.16, with market capitalisation near €31.29B. Key ratios show price-to-sales 1.66 and price-to-book 1.63. Free cash flow yield stands at 4.20% and dividend per share is €0.14 (yield approx. 2.37%). The balance sheet is conservative: debt-to-equity 0.21 and current ratio 1.48. These metrics frame expectations: investors will watch revenue mix, margin trends, and cash conversion after the release

Technicals and sector view for NOA3.DE stock

Technically NOA3.DE stock shows neutral momentum. RSI is 54.93 and MACD histogram is positive at 0.02, suggesting no extreme overbought condition. ADX at 25.26 signals a constructive trend. Bollinger bands sit €5.17—€5.75 and average 50-day price is €5.46. The broader Technology sector YTD performance is +5.01%, providing context: Nokia’s communication equipment peers trade with higher PE averages, so relative valuation matters in post-earnings reactions

Meyka AI grade and forecast for NOA3.DE stock

Meyka AI rates NOA3.DE with a score out of 100: 68.18 out of 100 (Grade B, HOLD). This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. Meyka AI’s forecast model projects a 12-month price near €6.08. Compared with the current price €5.64, that implies an upside of 7.75%. Forecasts are model-based projections and not guarantees

Earnings catalysts, risks and what to watch for NOA3.DE stock

Catalysts: (1) order wins for 5G RAN and optical transport, (2) software and services margin expansion, (3) clearer licensing or Nokia Technologies contributions. Risks: (1) higher operating costs or weaker service revenue, (2) supply chain pressure in optical components, (3) macro spending cuts by telcos. Investors should watch revenue growth rate, gross margin, operating margin, and free cash flow change versus guidance

Trading levels and price targets for NOA3.DE stock

Short-term technical resistance sits near €5.75, with first support at €5.17 (lower Bollinger). Meyka AI short-term target (monthly) is €6.08, quarterly target €6.49, and three-year model scenario €7.80. Analysts and traders should compare those targets to company guidance in the earnings release and adjust risk sizing to volatility implied by ATR €0.15

Final Thoughts

Nokia Oyj (NOA3.DE) enters earnings with mixed signals: solid cash flow and a conservative balance sheet, offset by a higher short-term PE and sensitivity to telco capex. At the XETRA close of €5.64, the market trimmed positions ahead of the 29 Jan 2026 report. Meyka AI’s forecast model projects a 12-month figure near €6.08, implying +7.75% upside from today’s price; monthly and quarterly model targets are €6.08 and €6.49 respectively. Our Meyka AI grade (68.18, Grade B, HOLD) reflects neutral analyst sentiment, sector comparison, and steady fundamentals rather than clear outperformance. Key takeaways: watch revenue trends, software margins, and free cash flow; a beat on margin expansion could push price toward €6.50 short term, while a weak guide would likely retest €5.17 support. Forecasts are model-based projections and not guarantees. For primary sources and company details see StockAnalysis profile and Nokia investor pages Nokia.com investors. Meyka AI provided the AI-powered market analysis and forecasts in this note

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Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.