On July 6, Nokia rose 3.15% in regular trading, trading at $12.415/share, with turnover of $128 million. The stock rallied on dual catalysts from an investment bank upgrade and a new commercial order.

Bank of America recently raised its target price on Nokia from €14.4 to €15.6, representing an approximately 8.3% upward revision. Simultaneously, Belgium's Orange selected Nokia to upgrade its optical network infrastructure, aiming to secure 5G leadership and deliver quantum-resistant security along with AI-grade network capabilities. The new order further validates Nokia's competitive edge in the optical networking segment.

Nokia had previously retreated more than 15% cumulatively due to FMR LLC reducing its voting rights below the 5% threshold and broader profit-taking. The combination of the analyst upgrade and fresh order has helped restore market sentiment. Nokia's next earnings report is scheduled for July 23, with consensus EPS expectations of $0.07.

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