Telstra Group Stock Forecast

Stock Price Forecast

According to 14 analysts polled by S&P Global, Telstra Group stock has a consensus rating of "Hold" and an average price target of $5.28. The average 1-year stock price forecast is 6.34% higher than the current stock price, while the lowest is $4.60 (-7.35%) and the highest is $5.60 (+12.79%).

Price Target: $5.28 (+6.34%)

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$4.60	$5.28	$5.40	$5.60
Change	-7.35%	+6.34%	+8.76%	+12.79%

Analyst Ratings

The average analyst rating for Telstra Group stock is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Jan '26	Feb '26	Mar '26	Apr '26	May '26	Jun '26
Strong Buy	3	1	2	2	1	1
Buy	3	3	3	3	2	1
Hold	7	8	8	8	10	12
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	13	12	13	13	13	14

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Andrew McLeod Morgan Stanley	Morgan Stanley	Buy Maintains $5.40	Buy	Maintains	$5.40	+8.76%	Jul 2, 2026
Chris Savage Bell Potter	Bell Potter	Hold Maintains $5.10	Hold	Maintains	$5.10	+2.72%	Jun 30, 2026
Lucy Huang UBS	UBS	Hold Maintains $5.30	Hold	Maintains	$5.30	+6.75%	Jun 25, 2026
Siraj Ahmed Citi	Citi	Hold Initiates $5.50	Hold	Initiates	$5.50	+10.78%	Jun 16, 2026
Unknown Analyst Macquarie No rating	Macquarie	Hold Downgrades $5.64 → $5.57	Hold	Downgrades	$5.64 → $5.57	+12.19%	May 21, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

23.76B

from 23.13B

2.76%

from 23.13B

Revenue Next Year

24.16B

from 23.76B

1.68%

from 23.76B

EPS This Year

0.20

from 0.19

7.13%

from 0.19

EPS Next Year

0.22

from 0.20

6.77%

from 0.20

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Jun 30, 2021	Jun 30, 2022	Jun 30, 2023	Jun 30, 2024	Jun 30, 2025	Jun 30, 2026
Revenue	21.56B	21.28B	22.70B	22.93B	23.13B	23.76B
Revenue Growth	-9.08%	-1.30%	6.70%	1.00%	0.86%	2.76%
Operating Income	1.96B	2.61B	3.33B	3.73B	4.06B	4.11B
Net Income	1.86B	1.69B	1.93B	1.62B	2.17B	2.32B
EPS	-	-	-	-	0.19	0.20
EPS Growth	-	-	-	-	3.24%	7.13%
Forward PE	25.90	23.78	23.23	19.49	23.35	24.27
Dividend / Share	0.10	0.14	0.17	0.18	0.19	0.21
Dividend Growth	-	35.00%	25.93%	5.88%	5.56%	10.64%
Free Cash Flow	2.08B	3.61B	2.22B	2.32B	1.92B	2.98B
No. Analysts	-	-	-	-	-	13

EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is AUD.

Revenue Forecast

Revenue	2026	2027	2028
High	24.5B
Avg	23.8B
Low	23.3B

Revenue Growth

Revenue Growth	2026	2027	2028
High	6.0%
Avg	2.8%
Low	0.6%

EPS Forecast

EPS	2026	2027	2028
High	0.21
Avg	0.20
Low	0.20

EPS Growth

EPS Growth	2026	2027	2028
High	11.0%
Avg	7.1%
Low	3.7%