MTN Nigeria Communications PLC (NGX:MTNN)
Nigeria flag Nigeria · Delayed Price · Currency is NGN
837.00
-13.00 (-1.53%)
At close: Nov 6, 2026

NGX:MTNN Stock Forecast

Stock Price Forecast

According to 6 analysts polled by S&P Global, NGX:MTNN stock has a consensus rating of "Buy" and an average price target of ₦1,079. The average 1-year stock price forecast is 28.97% higher than the current stock price, while the lowest is ₦786.82 (-6.00%) and the highest is ₦1,528 (+82.51%).

Price Target: ₦1,079 (+28.97%)
Analyst Consensus: Buy

Price Target

Chart
TargetLowAverageMedianHigh
Price₦786.82₦1,079₦1,034₦1,528
Change-6.00%+28.97%+23.49%+82.51%

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
RatingMay '26Jun '26Jul '26Aug '26Sep '26Oct '26
Strong Buy333334
Buy100000
Hold111100
Sell000000
Strong Sell000011
Total544445

Financial Forecast

Revenue This Year
6.44T
from 5.20T
Increased by 23.82%
Revenue Next Year
7.97T
from 6.44T
Increased by 23.61%
EPS This Year
72.75
from 50.24
Increased by 44.78%
EPS Next Year
100.28
from 72.75
Increased by 37.84%
Fiscal YearFY 2021FY 2022FY 2023FY 2024FY 2025FY 2026
Period EndingDec 31, 2021Dec 31, 2022Dec 31, 2023Dec 31, 2024Dec 31, 2025Dec 31, 2026
Revenue
1.65T2.01T2.47T3.36T5.20T6.44T
Revenue Growth
22.87%21.64%22.69%36.13%54.86%23.82%
Operating Income
585.09B746.96B781.43B767.57B2.08T2.78T
Net Income
298.65B351.38B-133.84B-399.45B1.11T1.67T
EPS
----50.2472.75
EPS Growth
----326.02%44.78%
Forward PE
11.1210.2821.1821.977.9311.51
Dividend / Share
13.1215.605.60-20.0060.32
Dividend Growth
39.57%18.90%-64.10%--201.62%
Free Cash Flow
----1.27T1.40T
No. Analysts
-----6
EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is NGN.

Revenue Forecast

Revenue202620272028
High6.6T
Avg6.4T
Low6.3T

Revenue Growth

Revenue Growth202620272028
High
27.4%
Avg
23.8%
Low
21.6%

EPS Forecast

EPS202620272028
High75.30
Avg72.75
Low70.19

EPS Growth

EPS Growth202620272028
High
49.9%
Avg
44.8%
Low
39.7%