Millicom International Cellular S.A. (TIGO)

TIGO Stock Forecast

Stock Price Forecast

The 5 analysts that cover TIGO stock have a consensus rating of "Hold" and an average price target of $45.36, which forecasts a -11.35% decrease in the stock price over the next year. The lowest target is $32 and the highest is $63.

Price Target: $45.36 (-11.35%)

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$32	$45.36	$46.8	$63
Change	-37.46%	-11.35%	-8.54%	+23.12%

* Price targets were last updated on Nov 17, 2025.

Analyst Ratings

The average analyst rating for TIGO stock is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Jul '25	Aug '25	Sep '25	Oct '25	Nov '25	Dec '25
Strong Buy	0	0	0	0	0	0
Buy	1	1	1	1	1	1
Hold	5	4	4	4	4	4
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	6	5	5	5	5	5

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Marcelo Santos JP Morgan	JP Morgan	Buy Maintains $55 → $63	Buy	Maintains	$55 → $63	+23.12%	Nov 17, 2025
Andres Coello Scotiabank	Scotiabank	Hold Maintains $46 → $47	Hold	Maintains	$46 → $47	-8.54%	Nov 7, 2025
Leonardo Olmos UBS	UBS	Strong Buy → Hold Downgrades $40 → $49	Strong Buy → Hold	Downgrades	$40 → $49	-4.24%	Sep 11, 2025
Andres Coello Scotiabank	Scotiabank	Hold Maintains $37 → $46	Hold	Maintains	$37 → $46	-9.91%	Aug 19, 2025
Marcelo Santos JP Morgan	JP Morgan	Buy Maintains $50 → $55	Buy	Maintains	$50 → $55	+7.48%	Aug 14, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

5.84B

Increased by 0.64%

from 5.80B

Revenue Next Year

6.74B

Increased by 15.41%

from 5.84B

EPS This Year

5.19

Increased by 254.62%

from 1.46

EPS Next Year

4.77

Decreased by -8.07%

from 5.19

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	3.81B	4.26B	5.62B	5.66B	5.80B	5.84B	6.74B
Revenue Growth	-12.25%	11.98%	31.99%	0.66%	2.53%	0.64%	15.41%
EPS	-3.40	5.83	1.27	-0.48	1.46	5.19	4.77
EPS Growth	-	-	-78.25%	-	-	254.62%	-8.07%
Forward PE	-	-	-	-	-	9.87	10.73
No. Analysts	-	-	-	-	-	9	9

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

Revenue Forecast

Revenue	2025	2026	2027	2028	2029
High	6.1B	8.4B
Avg	5.8B	6.7B
Low	5.5B	5.8B

Revenue Growth

Revenue Growth	2025	2026	2027	2028	2029
High	5.2%	43.4%
Avg	0.6%	15.4%
Low	-5.5%	-1.0%

EPS Forecast

EPS	2025	2026	2027	2028	2029
High	7.72	7.48
Avg	5.19	4.77
Low	2.96	2.86

EPS Growth

EPS Growth	2025	2026	2027	2028	2029
High	427.7%	44.1%
Avg	254.6%	-8.1%
Low	102.4%	-44.8%

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.