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Nokia Hits New High ahead of Memorial Day Shutdown for St...

Nokia Hits New High ahead of Memorial Day Shutdown for Stock Market

Investment banks are upgrading their stock targets fro Nokia as they notice growth for the company in the AI sector.

Written by: Timothy St. John • Monday, May 25, 2026 • 2 min read

• Last updated: Monday, May 25, 2026

￼

Quick overview

Nokia Corp. stock surged over 8% after launching a new AI lab and receiving price upgrades from investment firms.

Morgan Stanley predicts the stock could reach $16.50, with analysts seeing a potential 20% upside.

The company is expanding its role in the data center market, providing essential infrastructure for AI and cloud services.

Nokia reported a 49% increase in sales for AI and cloud customers in Q1 2026 compared to the previous year.

Nokia Corp. (NOKIA) stock shot up more than 8% on Friday, setting a high for the last 52-weeks as the company launched a new AI lab and enjoyed a price upgrade from multiple investment firms.

￼Nokia is making an impact on the data center market.

Wall Street is behind Nokia right now, setting new price targets for the stock. Currently at $13.05 per share, the stock could hit $16.50 according to Morgan Stanley. The news came just before the markets closed down for the Memorial Day weekend, which means that investors will be ready to pounce on this stock as soon as markets reopen on Tuesday morning.

Nokia just launched its AI Network Innovation Lab, and that puts them on the map as a potential mover in the AI niche. The company is also primed to reap the rewards of rapid data center growth by providing infrastructure for cloud providers and hyperscalers.

Nokia Becomes a Stock to Watch

Recently, Nokia has infiltrated the data center market in a big way, creating necessary services for companies working in the AI space. Their data center network infrastructure is absolutely e

Nokia Corp. (NOKIA) stock shot up more than 8% on

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