On September 21, Nokia Oyj rose 3.1% in regular trading, trading at $11.0/share, with turnover of $331 million, continuing a rebound that began earlier in the week.

The rally is driven by a combination of a strategic partnership expansion and fresh analyst endorsements. Nokia recently announced a deepened collaboration with Microsoft, integrating its Data Suite solution with the Microsoft Fabric platform to build an AI-driven, agentic operations platform for telecom operators. The combined solution enables carriers to access trusted network data in minutes rather than weeks, significantly accelerating AI application readiness. The partnership initially targets wireless access network and fault management use cases, allowing AI agents to perform automated root-cause analysis and closed-loop operations while retaining human oversight.

On the analyst front, B. Riley initiated coverage of Nokia Oyj with a Buy rating and a $15 price target, notably above the analyst consensus target of $13.10. Rosenblatt also initiated coverage with a Buy rating. JPMorgan analyst Sandeep Deshpande separately maintains a Buy rating with a $21 target.

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