Millicom International Cellular S.A. (TIGO)

TIGO Stock Forecast

Stock Price Forecast

The 3 analysts with 12-month price forecasts for TIGO stock have an average target of 34.43, with a low estimate of 33 and a high estimate of 37.3. The average target predicts an increase of 25.43% from the current stock price of 27.45.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$33	$34.43	$33	$37.3
Change	+20.22%	+25.43%	+20.22%	+35.88%

Analyst Ratings

The average analyst rating for TIGO stock from 4 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	Aug '24	Sep '24	Oct '24	Nov '24	Dec '24	Jan '25
Strong Buy	1	1	1	1	1	1
Buy	1	2	2	2	2	2
Hold	3	2	2	2	2	1
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	5	5	5	5	5	4

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Marcelo Santos JP Morgan	JP Morgan	Buy Maintains $36 → $33	Buy	Maintains	$36 → $33	+20.22%	Jan 16, 2025
Andres Coello Scotiabank	Scotiabank	Hold → Buy Upgrades $30 → $37	Hold → Buy	Upgrades	$30 → $37	+35.88%	Sep 20, 2024
Marcelo Santos JP Morgan	JP Morgan	Buy Initiates $35	Buy	Initiates	$35	+27.50%	Sep 6, 2024
Leonardo Olmos UBS	UBS	Hold → Strong Buy Upgrades $25 → $33	Hold → Strong Buy	Upgrades	$25 → $33	+20.22%	Aug 15, 2024
Andres Coello Scotiabank	Scotiabank	Buy → Hold Downgrades $30	Buy → Hold	Downgrades	$30	+9.29%	Aug 7, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

5.96B

Increased by 5.19%

from 5.66B

Revenue Next Year

6.01B

Increased by 0.86%

from 5.96B

EPS This Year

2.13

from -0.48

EPS Next Year

2.98

Increased by 39.72%

from 2.13

Fiscal Year	FY 2019	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	4.34B	3.81B	4.26B	5.62B	5.66B	5.96B	6.01B	6.08B
Revenue Growth	9.88%	-12.25%	11.98%	31.99%	0.66%	5.19%	0.86%	1.30%
EPS	1.47	-3.40	5.83	1.27	-0.48	2.13	2.98	3.54
EPS Growth	-	-	-	-78.25%	-	-	39.72%	18.84%
Forward PE	-	-	-	-	-	12.87	9.21	7.75
No. Analysts	-	-	-	-	-	10	10	9

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	6.2B	6.4B	6.6B
Avg	6.0B	6.0B	6.1B
Low	5.7B	5.6B	5.5B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	9.5%	7.6%	9.3%
Avg	5.2%	0.9%	1.3%
Low	0.2%	-5.2%	-8.2%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	2.65	4.25	5.38
Avg	2.13	2.98	3.54
Low	1.73	1.86	1.96

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	-	99.3%	80.3%
Avg	-	39.7%	18.8%
Low	-	-12.7%	-34.2%

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.