TELUS Stock Forecast

Stock Price Forecast

The 2 analysts with 12-month price forecasts for TELUS stock have an average target of 26, which predicts an increase of 87.59% from the current stock price of 13.86.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$26	$26	$26	$26
Change	+87.59%	+87.59%	+87.59%	+87.59%

* Price targets were last updated on Mar 25, 2024.

Analyst Ratings

The average analyst rating for TELUS stock from 2 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	Jul '24	Aug '24	Sep '24	Oct '24	Nov '24	Dec '24
Strong Buy	0	0	0	0	0	0
Buy	2	2	2	2	2	1
Hold	2	2	2	2	2	1
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	4	4	4	4	4	2

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Jeff Fan Scotiabank	Scotiabank	Buy → Hold Downgrades $28 → $26	Buy → Hold	Downgrades	$28 → $26	+87.59%	Mar 25, 2024
Tim Casey BMO Capital	BMO Capital	Buy Maintains $27 → $26	Buy	Maintains	$27 → $26	+87.59%	Feb 12, 2024
Kannan Venkateshwar Barclays	Barclays	Hold Maintains $21 → $20	Hold	Maintains	$21 → $20	+44.30%	Aug 7, 2023
Drew McReynolds RBC Capital	RBC Capital	Buy Maintains $32 → $31	Buy	Maintains	$32 → $31	+123.67%	Jul 17, 2023
Tim Casey BMO Capital	BMO Capital	Buy Maintains $33 → $29	Buy	Maintains	$33 → $29	+109.24%	Jul 17, 2023

More Analyst Ratings

Financial Forecast

Revenue This Year

20.64B

from 20.01B

3.19%

from 20.01B

Revenue Next Year

21.22B

from 20.64B

2.80%

from 20.64B

EPS This Year

1.03

from 0.58

77.49%

from 0.58

EPS Next Year

1.08

from 1.03

5.38%

from 1.03

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	14.59B	15.34B	16.84B	18.29B	20.01B	20.64B	21.22B	22.25B
Revenue Growth	3.50%	5.15%	9.76%	8.64%	9.36%	3.19%	2.80%	4.84%
EPS	1.45	0.94	1.22	1.15	0.58	1.03	1.08	1.25
EPS Growth	8.21%	-35.17%	29.79%	-5.74%	-49.60%	77.49%	5.38%	15.26%
Forward PE	-	-	-	-	-	19.37	18.38	15.94
No. Analysts	-	-	-	-	-	18	18	11

Financial currency is CAD. Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026
High	21.4B	22.2B	23.8B
Avg	20.6B	21.2B	22.3B
Low	19.7B	20.0B	20.8B

Revenue Growth

Revenue Growth	2024	2025	2026
High	6.9%	7.7%	12.0%
Avg	3.2%	2.8%	4.8%
Low	-1.6%	-3.2%	-2.2%

EPS Forecast

EPS	2024	2025	2026
High	1.14	1.26	1.41
Avg	1.03	1.08	1.25
Low	0.93	0.89	1.10

EPS Growth

EPS Growth	2024	2025	2026
High	97.5%	22.5%	29.8%
Avg	77.5%	5.4%	15.3%
Low	60.6%	-13.3%	1.2%

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.