Nokia shares fell 4.04% during Friday trading. The decline occurred on March 20, 2026. Analysts at Arete, Danske Bank, and DNB Carnegie downgraded the stock. These firms cited uncertain market conditions as the primary driver for the shift.
The stock reached an intraday high of $8.42. Shares closed the trading session at $7.965.
The downgrades intensified scrutiny of Nokia’s ability to meet its financial forecasts. The company's P/E ratio suggests expectations for steady earnings despite the recent cautious outlook from investors.