Millicom International Cellular S.A. (TIGO)

TIGO Stock Forecast

Stock Price Forecast

The 4 analysts that cover TIGO stock have a consensus rating of "Buy" and an average price target of $68.3, which forecasts a -16.07% decrease in the stock price over the next year. The lowest target is $51.2 and the highest is $89.

Price Target: $68.3 (-16.07%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$51.2	$68.3	$70	$89
Change	-37.09%	-16.07%	-13.98%	+9.36%

Analyst Ratings

The average analyst rating for TIGO stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Nov '25	Dec '25	Jan '26	Feb '26	Mar '26	Apr '26
Strong Buy	0	0	1	1	2	2
Buy	1	1	1	1	1	1
Hold	4	4	3	1	1	0
Sell	0	0	0	1	1	1
Strong Sell	0	0	0	0	0	0
Total	5	5	5	4	5	4

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Andres Coello Scotiabank	Scotiabank	Sell Maintains $43 → $51	Sell	Maintains	$43 → $51	-37.09%	Mar 30, 2026
Phani Kanumuri HSBC	HSBC	Hold → Strong Buy Upgrades $89	Hold → Strong Buy	Upgrades	$89	+9.36%	Mar 6, 2026
Andres Coello Scotiabank	Scotiabank	Hold → Sell Downgrades $47 → $43	Hold → Sell	Downgrades	$47 → $43	-47.16%	Feb 11, 2026
Leonardo Olmos UBS	UBS	Hold → Strong Buy Upgrades $49 → $70	Hold → Strong Buy	Upgrades	$49 → $70	-13.98%	Jan 15, 2026
Marcelo Santos JP Morgan	JP Morgan	Buy Maintains $55 → $63	Buy	Maintains	$55 → $63	-22.59%	Nov 17, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

8.26B

Increased by 41.90%

from 5.82B

Revenue Next Year

8.59B

Increased by 4.05%

from 8.26B

EPS This Year

4.40

Decreased by -43.86%

from 7.83

EPS Next Year

5.60

Increased by 27.46%

from 4.40

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	4.26B	5.62B	5.66B	5.80B	5.82B	8.26B	8.59B
Revenue Growth	11.98%	31.99%	0.66%	2.53%	0.26%	41.90%	4.05%
EPS	5.83	1.27	-0.48	1.46	7.83	4.40	5.60
EPS Growth	-	-78.25%	-	-	435.34%	-43.86%	27.46%
Forward PE	-	-	-	-	-	18.51	14.52
No. Analysts	-	-	-	-	-	11	10

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

Revenue Forecast

Revenue	2026	2027	2028	2029	2030
High	8.8B	9.1B
Avg	8.3B	8.6B
Low	7.1B	7.8B

Revenue Growth

Revenue Growth	2026	2027	2028	2029	2030
High	51.7%	9.9%
Avg	41.9%	4.0%
Low	22.4%	-5.1%

EPS Forecast

EPS	2026	2027	2028	2029	2030
High	7.17	7.31
Avg	4.40	5.60
Low	3.13	3.20

EPS Growth

EPS Growth	2026	2027	2028	2029	2030
High	-8.4%	66.2%
Avg	-43.9%	27.5%
Low	-60.1%	-27.1%

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.