MTN Group Limited (JSE:MTN)
South Africa flag South Africa · Delayed Price · Currency is ZAR · Price in ZAc
18,700
-29 (-0.15%)
Oct 14, 2026, 5:00 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 23,600. The average 1-year stock price forecast is 26.20% higher than the current stock price, while the lowest is ZAC 7,300 (-60.96%) and the highest is ZAC 35,000 (+87.17%).

Price Target: ZAC 23,600 (+26.20%)
Analyst Consensus: Buy

Price Target

Chart
TargetLowAverageMedianHigh
PriceZAC 7,300ZAC 23,600ZAC 24,500ZAC 35,000
Change-60.96%+26.20%+31.02%+87.17%

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
RatingMay '26Jun '26Jul '26Aug '26Sep '26Oct '26
Strong Buy444555
Buy111111
Hold222111
Sell111111
Strong Sell111111
Total999999

Financial Forecast

Revenue This Year
251.38B
from 226.76B
Increased by 10.86%
Revenue Next Year
289.88B
from 251.38B
Increased by 15.32%
EPS This Year
16.79
from 12.60
Increased by 33.23%
EPS Next Year
21.33
from 16.79
Increased by 27.07%
Fiscal YearFY 2021FY 2022FY 2023FY 2024FY 2025FY 2026
Period EndingDec 31, 2021Dec 31, 2022Dec 31, 2023Dec 31, 2024Dec 31, 2025Dec 31, 2026
Revenue
181.65B207.04B221.38B188.59B226.76B251.38B
Revenue Growth
1.22%13.98%6.93%-14.81%20.24%10.86%
Gross Profit
121.91B137.99B142.89B117.84B155.29B204.88B
Gross Margin
67.11%66.65%64.54%62.49%68.48%81.50%
Operating Income
51.64B63.89B57.05B43.74B71.13B76.24B
Net Income
13.75B19.04B4.09B-9.37B20.26B22.18B
EPS
----12.6016.79
EPS Growth
----1,198.97%33.23%
Forward PE
15.139.1310.5611.6510.6311.14
Dividend / Share
3.003.303.303.455.006.12
Dividend Growth
-10.00%-4.55%44.93%22.40%
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
Avg251.4B
Low246.9B

Revenue Growth

Revenue Growth202620272028
High
13.9%
Avg
10.9%
Low
8.9%

EPS Forecast

EPS202620272028
High17.74
Avg16.79
Low16.18

EPS Growth

EPS Growth202620272028
High
40.8%
Avg
33.2%
Low
28.4%