MTN Group Limited (JSE:MTN)
South Africa flag South Africa · Delayed Price · Currency is ZAR · Price in ZAc
19,320
-1,230 (-5.99%)
Aug 11, 2026, 5:12 PM SAST

MTN Group Stock Forecast

Stock Price Forecast

According to 9 analysts polled by S&P Global, MTN Group stock has a consensus rating of "Buy" and an average price target of ZAC 22,256. The average 1-year stock price forecast is 15.19% higher than the current stock price, while the lowest is ZAC 7,300 (-62.22%) and the highest is ZAC 28,000 (+44.93%).

Price Target: ZAC 22,256 (+15.19%)
Analyst Consensus: Buy

Price Target

Chart
TargetLowAverageMedianHigh
PriceZAC 7,300ZAC 22,256ZAC 24,200ZAC 28,000
Change-62.22%+15.19%+25.26%+44.93%

Analyst Ratings

The average analyst rating for MTN Group stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Chart
RatingFeb '26Mar '26Apr '26May '26Jun '26Jul '26
Strong Buy554444
Buy000111
Hold122222
Sell111111
Strong Sell111111
Total898999

Financial Forecast

Revenue This Year
254.53B
from 226.76B
Increased by 12.25%
Revenue Next Year
297.88B
from 254.53B
Increased by 17.03%
EPS This Year
16.80
from 12.60
Increased by 33.36%
EPS Next Year
21.85
from 16.80
Increased by 30.02%
Fiscal YearFY 2021FY 2022FY 2023FY 2024FY 2025FY 2026
Period EndingDec 31, 2021Dec 31, 2022Dec 31, 2023Dec 31, 2024Dec 31, 2025Dec 31, 2026
Revenue
181.65B207.04B221.38B188.59B226.76B254.53B
Revenue Growth
1.22%13.98%6.93%-14.81%20.24%12.25%
Gross Profit
121.91B137.99B142.89B117.84B155.29B202.63B
Gross Margin
67.11%66.65%64.54%62.49%68.48%79.61%
Operating Income
51.64B63.89B57.05B43.74B71.13B76.59B
Net Income
13.75B19.04B4.09B-9.37B20.26B29.96B
EPS
----12.6016.80
EPS Growth
----1,198.97%33.36%
Forward PE
15.139.1310.5611.6510.6311.50
Dividend / Share
3.003.303.303.455.005.84
Dividend Growth
-10.00%-4.55%44.93%16.77%
Free Cash Flow
34.58B32.12B12.13B22.27B45.04B24.00B
No. Analysts
-----10
EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is ZAR.

Revenue Forecast

Revenue202620272028
High270.2B
Avg254.5B
Low221.1B

Revenue Growth

Revenue Growth202620272028
High
19.2%
Avg
12.2%
Low
-2.5%

EPS Forecast

EPS202620272028
High17.95
Avg16.80
Low14.87

EPS Growth

EPS Growth202620272028
High
42.5%
Avg
33.4%
Low
18.0%