TIM S.A. Stock Forecast

Stock Price Forecast

According to 8 analysts polled by S&P Global, TIM S.A. stock has a consensus rating of "Hold" and an average price target of $26.43. The average 1-year stock price forecast is 22.08% higher than the current stock price, while the lowest is $23.4 (+8.08%) and the highest is $32 (+47.81%).

Price Target: $26.43 (+22.08%)

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$23.4	$26.43	$25.77	$32
Change	+8.08%	+22.08%	+19.03%	+47.81%

Analyst Ratings

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

Recommendation Trends

Rating	Dec '25	Jan '26	Feb '26	Mar '26	Apr '26	May '26
Strong Buy	1	1	1	1	1	1
Buy	0	0	0	0	0	0
Hold	4	4	4	4	4	6
Sell	2	2	2	2	2	1
Strong Sell	0	0	0	0	0	0
Total	7	7	7	7	7	8

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Andres Coello Scotiabank	Scotiabank	Hold Maintains $27 → $29	Hold	Maintains	$27 → $29	+31.64%	May 27, 2026
Gustavo Miele Goldman Sachs	Goldman Sachs	Hold Initiates $23	Hold	Initiates	$23	+8.08%	May 18, 2026
Mathieu Robilliard Barclays	Barclays	Hold Reiterates $27 → $28	Hold	Reiterates	$27 → $28	+29.33%	May 8, 2026
Rogerio Araujo Bank of America Securities	Bank of America Securities	Sell Reiterates $27	Sell	Reiterates	$27	+24.71%	May 6, 2026

Financial Forecast

Revenue This Year

28.01B

from 26.62B

5.20%

from 26.62B

Revenue Next Year

29.31B

from 28.01B

4.66%

from 28.01B

EPS This Year

1.94

from 1.79

8.40%

from 1.79

EPS Next Year

2.25

from 1.94

15.71%

from 1.94

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	18.06B	21.53B	23.83B	25.45B	26.62B	28.01B
Revenue Growth	4.58%	19.23%	10.70%	6.77%	4.62%	5.20%
Gross Profit	9.62B	10.87B	12.34B	13.55B	14.36B	21.67B
Gross Margin	53.25%	50.51%	51.76%	53.26%	53.93%	77.38%
Operating Income	3.25B	3.44B	4.80B	5.83B	6.66B	7.34B
Net Income	2.96B	1.67B	2.84B	3.15B	4.31B	4.71B
EPS	-	-	-	-	1.79	1.94
EPS Growth	-	-	-	-	37.69%	8.40%
Forward PE	-	-	-	-	-	58.01
Dividend / Share	0.37	0.58	0.66	0.60	1.58	2.05
Dividend Growth	-	56.88%	14.26%	-9.35%	164.06%	29.66%
Free Cash Flow	5.08B	3.62B	3.68B	4.99B	6.11B	6.30B
No. Analysts	-	-	-	-	-	15

EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is BRL.

Revenue Forecast

Revenue	2026	2027	2028
High	28.3B
Avg	28.0B
Low	27.1B

Revenue Growth

Revenue Growth	2026	2027	2028
High	6.3%
Avg	5.2%
Low	1.7%

EPS Forecast

EPS	2026	2027	2028
High	2.24
Avg	1.94
Low	1.78

EPS Growth

EPS Growth	2026	2027	2028
High	25.1%
Avg	8.4%
Low	-0.5%