MTN Group Limited (JSE:MTN)
South Africa flag South Africa · Delayed Price · Currency is ZAR · Price in ZAc
19,549
-182 (-0.92%)
Sep 23, 2026, 3:35 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 23,633. The average 1-year stock price forecast is 20.89% higher than the current stock price, while the lowest is ZAC 7,300 (-62.66%) and the highest is ZAC 35,000 (+79.04%).

Price Target: ZAC 23,633 (+20.89%)
Analyst Consensus: Buy

Price Target

Chart
TargetLowAverageMedianHigh
PriceZAC 7,300ZAC 23,633ZAC 24,500ZAC 35,000
Change-62.66%+20.89%+25.33%+79.04%

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
RatingApr '26May '26Jun '26Jul '26Aug '26Sep '26
Strong Buy444455
Buy011111
Hold222211
Sell111111
Strong Sell111111
Total899999

Financial Forecast

Revenue This Year
251.99B
from 226.76B
Increased by 11.13%
Revenue Next Year
290.58B
from 251.99B
Increased by 15.32%
EPS This Year
16.80
from 12.60
Increased by 33.31%
EPS Next Year
21.57
from 16.80
Increased by 28.43%
Fiscal YearFY 2021FY 2022FY 2023FY 2024FY 2025FY 2026
Period EndingDec 31, 2021Dec 31, 2022Dec 31, 2023Dec 31, 2024Dec 31, 2025Dec 31, 2026
Revenue
181.65B207.04B221.38B188.59B226.76B251.99B
Revenue Growth
1.22%13.98%6.93%-14.81%20.24%11.13%
Gross Profit
121.91B137.99B142.89B117.84B155.29B205.37B
Gross Margin
67.11%66.65%64.54%62.49%68.48%81.50%
Operating Income
51.64B63.89B57.05B43.74B71.13B76.89B
Net Income
13.75B19.04B4.09B-9.37B20.26B22.07B
EPS
----12.6016.80
EPS Growth
----1,198.97%33.31%
Forward PE
15.139.1310.5611.6510.6311.64
Dividend / Share
3.003.303.303.455.006.07
Dividend Growth
-10.00%-4.55%44.93%21.30%
Free Cash Flow
----47.04B24.63B
No. Analysts
-----8
EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is ZAR.

Revenue Forecast

Revenue202620272028
High258.2B
Avg252.0B
Low246.9B

Revenue Growth

Revenue Growth202620272028
High
13.9%
Avg
11.1%
Low
8.9%

EPS Forecast

EPS202620272028
High17.74
Avg16.80
Low16.17

EPS Growth

EPS Growth202620272028
High
40.8%
Avg
33.3%
Low
28.4%