Nokia Stock Soars Toward $10 on Bullish Bets and 5G Partnerships Ahead of Earnings

Quick overview

Nokia shares are gaining momentum as bullish options activity, strategic partnerships, and rising expectations ahead of earnings boost investor confidence.

Bullish Options Activity Signals Confidence

Nokia shares are moving higher as options traders aggressively position for further upside. A surge in call buying across both short-term and longer-dated contracts reflects growing optimism that the stock could extend its recent gains.

Particular attention is focused on April-dated contracts, as investors prepare for Nokia’s upcoming earnings report scheduled for April 23. Expectations surrounding the results appear to be a key driver of the current momentum, with traders anticipating potential positive surprises.

5G Partnership Fuels Stock Surge

The stock jumped more than 8%, reaching $7.35, following news of an expanded partnership with Virgin Media O2. The collaboration is aimed at accelerating 5G deployment across the UK, reinforcing Nokia’s position as a key player in next-generation telecommunications infrastructure.

This deal highlights Nokia’s growing influence in the global 5G rollout and strengthens its competitive standing in a rapidly evolving market.

Nokia Chart Daily – Buyers Remain in Control

Nokia shares have been trading up since August last year, when the price fell below $3.50, now trading above $7. Moving averages have been acting as support during pullbacks, helping keep the trend bullish. We saw a dip below $7 in the last two weeks, but the sentiment has improved this week, and Nokia shares are back up above %7.30 on the way to $10.

AI and Strategic Collaborations Expand Reach

Beyond 5G, Nokia is deepening its presence in artificial intelligence and cloud-driven networking. Partnerships with Google Cloud and Telia Finland are enabling the development of AI-powered network solutions, enhancing performance and efficiency.

These collaborations are helping Nokia expand its technological capabilities while positioning the company at the intersection of telecom infrastructure and AI innovation.

Analyst Upgrades Boost Sentiment

Investor sentiment has also been supported by positive signals from major financial institutions. Morgan Stanley and Goldman Sachs have both raised their price targets on Nokia, reflecting confidence in its growth trajectory.

Such endorsements often act as catalysts, encouraging increased investor participation and reinforcing upward momentum in the stock.

Leadership Move Aligns Strategy

In a parallel development, Nokia has appointed Kristen Pressner as Chief People Officer. Based in Espoo, she will work closely with leadership to align the company’s culture and workforce strategy with its technology and AI-driven ambitions.

This leadership addition supports Nokia’s broader transformation as it continues to evolve within a rapidly changing digital landscape.

Conclusion: Nokia’s recent rally reflects a convergence of bullish positioning, strong partnerships, and growing confidence ahead of earnings. While near-term performance will hinge on upcoming results, the company’s expanding role in 5G and AI-driven networks positions it well for continued growth.

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Skerdian Meta

Lead Analyst

Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.