Modern Times Group MTG AB Stock Forecast

Stock Price Forecast

According to 4 analysts polled by S&P Global, Modern Times Group MTG AB stock has a consensus rating of "Strong Buy" and an average price target of kr 166.25. The average 1-year stock price forecast is 37.51% higher than the current stock price, while the lowest is kr 145.00 (+19.93%) and the highest is kr 190.00 (+57.15%).

Price Target: kr 166.25 (+37.51%)

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	kr 145.00	kr 166.25	kr 165.00	kr 190.00
Change	+19.93%	+37.51%	+36.48%	+57.15%

* Price targets were last updated on May 25, 2026.

Analyst Ratings

The average analyst rating for Modern Times Group MTG AB stock is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.

Recommendation Trends

Rating	Jan '26	Feb '26	Mar '26	Apr '26	May '26	Jun '26
Strong Buy	3	3	3	4	4	4
Buy	0	0	0	0	0	0
Hold	1	0	0	0	0	0
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	4	3	3	4	4	4

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Rasmus Engberg Kepler Capital	Kepler Capital	Buy Maintains kr 170.00 → kr 190.00	Buy	Maintains	kr 170.00 → kr 190.00	+57.15%	May 25, 2026

Financial Forecast

Revenue This Year

12.43B

from 11.58B

7.36%

from 11.58B

Revenue Next Year

12.91B

from 12.43B

3.85%

from 12.43B

EPS This Year

16.43

from 11.33

45.02%

from 11.33

EPS Next Year

17.59

from 16.43

7.09%

from 16.43

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	3.93B	5.54B	5.83B	6.02B	11.58B	12.43B
Revenue Growth	-1.65%	40.86%	5.27%	3.19%	92.50%	7.36%
Gross Profit	2.36B	4.01B	4.25B	4.46B	7.64B	9.65B
Gross Margin	60.14%	72.49%	72.95%	74.16%	65.96%	77.60%
Operating Income	559.00M	533.00M	874.00M	888.00M	951.00M	1.40B
Net Income	-400.00M	6.58B	164.00M	-210.00M	-62.00M	705.00M
EPS	-	-	-	-	11.33	16.43
EPS Growth	-	-	-	-	-	45.02%
Forward PE	45.47	31.36	20.48	18.89	16.48	7.36
Free Cash Flow	841.75M	1.46B	537.63M	2.10B	2.14B	1.58B
No. Analysts	-	-	-	-	-	4

EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is SEK.

Revenue Forecast

Revenue	2026	2027	2028
High	12.6B
Avg	12.4B
Low	12.4B

Revenue Growth

Revenue Growth	2026	2027	2028
High	8.5%
Avg	7.4%
Low	6.7%

EPS Forecast

EPS	2026	2027	2028
High	17.40
Avg	16.43
Low	15.32

EPS Growth

EPS Growth	2026	2027	2028
High	53.6%
Avg	45.0%
Low	35.2%