MTN Nigeria Communications PLC (NGX:MTNN)
Nigeria flag Nigeria · Delayed Price · Currency is NGN
813.00
+5.00 (0.62%)
At close: Sep 4, 2026

NGX:MTNN Stock Forecast

Stock Price Forecast

According to 5 analysts polled by S&P Global, NGX:MTNN stock has a consensus rating of "Buy" and an average price target of ₦980.94. The average 1-year stock price forecast is 20.66% higher than the current stock price, while the lowest is ₦742.25 (-8.70%) and the highest is ₦1,080 (+32.82%).

Price Target: ₦980.94 (+20.66%)
Analyst Consensus: Buy

Price Target

Chart
TargetLowAverageMedianHigh
Price₦742.25₦980.94₦1,019₦1,080
Change-8.70%+20.66%+25.38%+32.82%

Analyst Ratings

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

Recommendation Trends

Chart
RatingMar '26Apr '26May '26Jun '26Jul '26Aug '26
Strong Buy333333
Buy111000
Hold111111
Sell000000
Strong Sell000000
Total555444

Financial Forecast

Revenue This Year
6.47T
from 5.20T
Increased by 24.36%
Revenue Next Year
7.93T
from 6.47T
Increased by 22.56%
EPS This Year
73.15
from 50.24
Increased by 45.58%
EPS Next Year
100.81
from 73.15
Increased by 37.82%
Fiscal YearFY 2021FY 2022FY 2023FY 2024FY 2025FY 2026
Period EndingDec 31, 2021Dec 31, 2022Dec 31, 2023Dec 31, 2024Dec 31, 2025Dec 31, 2026
Revenue
1.65T2.01T2.47T3.36T5.20T6.47T
Revenue Growth
22.87%21.64%22.69%36.13%54.86%24.36%
Operating Income
585.09B746.96B781.43B767.57B2.08T2.71T
Net Income
298.65B351.38B-133.84B-399.45B1.11T1.60T
EPS
----50.2473.15
EPS Growth
----326.02%45.58%
Forward PE
11.1210.2821.1821.977.9311.11
Dividend / Share
13.1215.605.60-20.0060.68
Dividend Growth
39.57%18.90%-64.10%--203.42%
Free Cash Flow
158.56B309.23B153.81B817.73B1.27T1.53T
No. Analysts
-----6
EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is NGN.

Revenue Forecast

Revenue202620272028
High6.7T
Avg6.5T
Low6.0T

Revenue Growth

Revenue Growth202620272028
High
28.0%
Avg
24.4%
Low
16.0%

EPS Forecast

EPS202620272028
High75.30
Avg73.15
Low70.99

EPS Growth

EPS Growth202620272028
High
49.9%
Avg
45.6%
Low
41.3%