Nokia Shares Jump as Euro Stoxx 50 Return Triggers Passive Buying
Nokia stock climbed nearly 1% overnight ahead of its return to the Euro Stoxx 50 index on Monday. The move follows a new partnership with Microsoft.
Key points
- Nokia shares rose nearly 1% overnight ahead of its return to the EURO STOXX 50 index on Monday.
- B. Riley set a $15 price target, implying more than 40% upside from the previous close.
- Nokia stock has gained approximately 64% in US markets so far in 2026.
Nokia shares rose nearly 1% in overnight trading on Sunday. This move occurred ahead of the company’s re-entry into the EURO STOXX 50 index on Monday.
The index inclusion will force passive funds to buy the stock. This mechanical demand should lift prices for both European and US-listed shares.
Index entry drives mechanical buying pressure
Nokia returns to the premier Eurozone index one year after being removed. Institutional investors will likely increase their holdings to meet index requirements.
This inclusion creates immediate purchasing pressure for US-listed NOK shares. Traders expect the stock to attract broader institutional interest as a result.
Microsoft partnership fuels AI data momentum
Nokia recently extended its collaboration with Microsoft for network automation. The deal combines the Nokia Data Suite with Microsoft Fabric for AI operations.
B. Riley initiated coverage with a Buy rating and a $15 price target. This target implies more than 40% upside from Friday’s closing price.
Retail sentiment remains strongly bullish on the stock
Stocktwits users describe the current setup as highly favorable for gains. Many expect the stock to hit new highs before the earnings report.
Nokia is scheduled to report third-quarter results on October 22. The stock has already gained about 64% in US markets this year.
