Millicom International Cellular S.A. (TIGO)
NASDAQ: TIGO · Real-Time Price · USD
96.92
+2.49 (2.64%)
Jul 10, 2026, 4:00 PM EDT - Market closed

TIGO Stock Forecast

Stock Price Forecast

According to 8 analysts polled by S&P Global, TIGO stock has a consensus rating of "Hold" and an average price target of $85.3. The average 1-year stock price forecast is 11.99% lower than the current stock price, while the lowest is $52.4 (-45.93%) and the highest is $100 (+3.18%).

Price Target: $85.3 (-11.99%)
Analyst Consensus: Hold
TargetLowAverageMedianHigh
Price$52.4$85.3$87.5$100
Change-45.93%-11.99%-9.72%+3.18%
* Price targets were last updated on May 27, 2026.

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

RatingFeb '26Mar '26Apr '26May '26Jun '26Jul '26
Strong Buy223222
Buy222111
Hold433443
Sell111112
Strong Sell000000
Total989888

Latest Forecasts

AnalystFirmRatingRatingActionPrice TargetUpsideDate
Scotiabank
Scotiabank
Sell
Maintains
$51$52
SellMaintains$51$52-45.93%May 27, 2026
UBS
UBS
Hold
Downgrades
$90
HoldDowngrades$90-7.14%May 24, 2026
J.P. Morgan
J.P. Morgan
Buy
Maintains
$86$100
BuyMaintains$86$100+3.18%May 20, 2026
HSBC
HSBC
Buy
Upgrades
$89
BuyUpgrades$89-8.17%Mar 6, 2026

Financial Forecast

Revenue This Year
8.44B
from 5.82B
Increased by 44.97%
Revenue Next Year
8.69B
from 8.44B
Increased by 3.02%
EPS This Year
4.75
from 3.89
Increased by 21.87%
EPS Next Year
7.14
from 4.75
Increased by 50.42%
Fiscal YearFY 2021FY 2022FY 2023FY 2024FY 2025FY 2026
Period EndingDec 31, 2021Dec 31, 2022Dec 31, 2023Dec 31, 2024Dec 31, 2025Dec 31, 2026
Revenue
4.26B5.62B5.66B5.80B5.82B8.44B
Revenue Growth
11.98%31.99%0.66%2.53%0.26%44.97%
Gross Profit
3.06B4.12B4.15B4.38B4.51B6.46B
Gross Margin
71.91%73.22%73.38%75.53%77.47%76.58%
Operating Income
410.00M886.00M862.00M1.35B1.51B1.89B
Net Income
590.00M177.00M-82.00M253.00M1.32B574.01M
EPS
----3.894.75
EPS Growth
----102.71%21.87%
Forward PE
20.1114.088.048.1114.7120.42
Dividend / Share
---1.753.003.17
Dividend Growth
----71.43%5.66%
Free Cash Flow
256.00M135.00M402.50M1.22B1.38B1.35B
No. Analysts
-----7
EPS and Forward PE are based on non-GAAP adjusted numbers.

Revenue Forecast

Revenue202620272028
High8.8B
Avg8.4B
Low8.3B

Revenue Growth

Revenue Growth202620272028
High
50.4%
Avg
45.0%
Low
41.8%

EPS Forecast

EPS202620272028
High6.25
Avg4.75
Low3.68

EPS Growth

EPS Growth202620272028
High
60.5%
Avg
21.9%
Low
-5.4%