Millicom International Cellular S.A. (TIGO)
NASDAQ: TIGO · Real-Time Price · USD
27.72
-0.49 (-1.74%)
Oct 25, 2024, 4:00 PM EDT - Market closed
TIGO Stock Forecast
Stock Price Forecast
The 4 analysts with 12-month price forecasts for TIGO stock have an average target of 30.58, with a low estimate of 17 and a high estimate of 37.3. The average target predicts an increase of 10.32% from the current stock price of 27.72.
Analyst Consensus: Buy
* Price targets were last updated on Sep 20, 2024.
Analyst Ratings
The average analyst rating for TIGO stock from 5 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 0 | 1 | 1 | 1 |
| Buy | 2 | 2 | 2 | 1 | 2 | 2 |
| Hold | 2 | 2 | 3 | 3 | 2 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 5 | 5 | 5 | 5 | 5 | 5 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Scotiabank | Scotiabank | Hold → Buy Upgrades $30 → $37 | Hold → Buy | Upgrades | $30 → $37 | +34.56% | Sep 20, 2024 |
| JP Morgan | JP Morgan | Buy Initiates $35 | Buy | Initiates | $35 | +26.26% | Sep 6, 2024 |
| UBS | UBS | Hold → Strong Buy Upgrades $25 → $33 | Hold → Strong Buy | Upgrades | $25 → $33 | +19.05% | Aug 15, 2024 |
| Scotiabank | Scotiabank | Buy → Hold Downgrades $30 | Buy → Hold | Downgrades | $30 | +8.23% | Aug 7, 2024 |
| HSBC | HSBC | Strong Buy → Hold Downgrades n/a | Strong Buy → Hold | Downgrades | n/a | n/a | Jul 2, 2024 |
Financial Forecast
Revenue This Year
5.99B
from 5.66B
Increased by 5.83%
Revenue Next Year
6.12B
from 5.99B
Increased by 2.12%
EPS This Year
2.17
from -0.48
EPS Next Year
3.04
from 2.17
Increased by 39.95%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 6.4B | 6.7B | 6.9B | ||
| Avg | 6.0B | 6.1B | 6.3B | ||
| Low | 5.5B | 5.7B | 5.8B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 13.0% | 11.4% | 13.5% | ||
| Avg | 5.8% | 2.1% | 2.4% | ||
| Low | -2.6% | -5.3% | -6.0% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 2.43 | 4.45 | 3.82 | ||
| Avg | 2.17 | 3.04 | 3.31 | ||
| Low | 1.76 | 1.86 | 1.96 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | - | 105.3% | 25.9% | ||
| Avg | - | 39.9% | 9.0% | ||
| Low | - | -14.1% | -35.4% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.