MILLICOM INTL CELLULAR S.A. (TIGO) Forecast, Price Target & Analyst Ratings

NASDAQ:TIGO • LU0038705702

Current stock price

72.19 USD
+1.24 (+1.75%)
At close:
72.5 USD
+0.31 (+0.43%)
After Hours:

Analyst forecast overview

View the latest analyst price targets, stock forecast, EPS estimates, revenue projections, revisions, full estimates, rating distribution and upgrades/downgrades for MILLICOM INTL CELLULAR S.A. (TIGO).

Forecast Snapshot

Consensus Price Target

Price Target
$59.49
-17.60% Downside
→ Price target details

Next Earnings Forecast

Earnings Estimate
Release Date
May 12, 2026
Period
Q1 / 2026
EPS Estimate
$1.22
Revenue Estimate
2.015B
→ Full earnings forecast details

ChartMill Buy Consensus

Rating
71.43%
Weighted Analyst Rating Score
→ Analyst Ratings details

Price Target Details & History

Consensus Price Target and Range

Mean target
$59.49
Upside
-17.60%
From current price of $72.19 to mean target of $59.49, Based on 14 analyst forecasts
Low
$43.43
Median
$56.10
High
$75.60

Price Target Revisions

1 Month
7.70%
3 Months
14.81%

Price Target Summary

14 Wall Street analysts provided a forecast for the next 12 months for TIGO. The average price target is 59.49 USD. This implies a price decrease of -17.6% is expected in the next year compared to the current price of 72.19.
The average price target has been revised upward by 14.81% in the past 3 months.
→ Find peer stocks trading 30% below analyst price target

Analyst Ratings & History

Current Analyst Ratings

TIGO Current Analyst RatingTIGO Current Analyst Buy, Sell and Hold Ratings.Current Analyst Rating Strong Buy Buy Hold Sell Strong Sell 1 2 3 4

Analyst Ratings History

TIGO Historical Analyst RatingsTIGO Historical Analyst Buy, Sell and Hold Ratings and number of analysts.Historical Monthly Analyst Rating -19 -17 -15 -13 -11 -9 -7 -5 -3 -1 5 10 15

Analyst Ratings Consensus

ChartMill Buy Consensus
71.43%
TIGO was analyzed by 14 analysts. The buy percentage consensus is at 71. So analysts seem to be have mildly positive about TIGO.
In the previous month the buy percentage consensus was at a similar level.
TIGO was analyzed by 14 analysts, which should be a sufficient number of analysts to have a meaningful average consensus rating.
→ Find peer stocks with a buy consensus above 85%

Recent Upgrades & Downgrades

DateFirmActionFrom → To
2026-03-06HSBCUpgrade Hold -> Buy
2026-02-11ScotiaBankDowngrade Sector Perform -> Sector Underperform
2026-01-15UBSUpgrade Neutral -> Buy
2025-11-17JP MorganMaintains Overweight -> Overweight
2025-11-07ScotiaBankMaintains Sector Perform -> Sector Perform
2025-09-11UBSDowngrade Buy -> Neutral
2025-08-19ScotiaBankMaintains Sector Perform -> Sector Perform
2025-08-14JP MorganMaintains Overweight -> Overweight
2025-06-17ScotiaBankDowngrade Sector Outperform -> Sector Perform
2025-05-27JP MorganMaintains Overweight -> Overweight
2025-05-16UBSMaintains Buy -> Buy
2025-04-03BarclaysMaintains Equal-Weight -> Equal-Weight
2025-04-03JP MorganMaintains Overweight -> Overweight
2025-02-28ScotiaBankMaintains Sector Outperform -> Sector Outperform
2025-01-29Morgan StanleyInitiate Equal-Weight
2025-01-16JP MorganMaintains Overweight -> Overweight
2024-09-20ScotiaBankUpgrade Sector Perform -> Sector Outperform
2024-09-06JP MorganReiterate Overweight
2024-08-15UBSUpgrade Neutral -> Buy
2024-08-07ScotiaBankDowngrade Sector Outperform -> Sector Perform
2024-07-02HSBCDowngrade Buy -> Hold
2024-06-21ScotiaBankMaintains Sector Outperform -> Sector Outperform
2024-04-11HSBCMaintains Buy -> Buy
2024-03-28JP MorganUpgrade Neutral -> Overweight
2024-02-28ScotiaBankMaintains Sector Outperform -> Sector Outperform

Next Earnings Forecast Details

Next Earnings Details

Release Date
May 12, 2026
Period
Q1 / 2026
EPS Estimate
$1.22
Revenue Estimate
2.015B
Revenue Q2Q
46.65%
EPS Q2Q
6.92%
Number of Analysts
4

Next Earnings Revisions

Revenue (1 Month)
-1.19%
Revenue (3 Months)
41.66%
EPS (1 Month)
0.00%
EPS (3 Months)
65.59%

Next Earnings Summary

TIGO is expected to report earnings on 5/12/2026. The consensus EPS estimate for the next earnings is 1.22 USD and the consensus revenue estimate is 2.02B USD.
The next earnings revenue estimate has been revised upward by 41.66% in the past 3 months. Upward revisions are a positive sign and indicate that analysts are more optimistic about the next earnings compared to 3 months ago.
→ Find peers expecting at least 20% revenue growth next quarter

Full Analyst Estimates

Yearly Earnings Per Share (EPS), Revenue, EBIT, EBITDA and Operating Margin Analyst Estimates

2023 2024 2025 2026 2027 2028 2029 2030
Revenue
YoY % growth
TIGO revenue by date.TIGO revenue by date.
5.661B
0.66%		5.804B
2.53%		5.819B
0.26%		7.174B
23.29%		7.267B
1.30%		7.975B
9.74%		8.675B
8.78%		8.942B
3.08%
EBITDA
YoY % growth
TIGO ebitda by date.TIGO ebitda by date.
2.119B
-5.86%		2.572B
21.38%		2.817B
9.53%		3.232B
14.73%		3.316B
2.60%		3.67B
10.68%		3.974B
8.28%		4.051B
1.94%
EBIT
YoY % growth
TIGO ebit by date.TIGO ebit by date.
781M
-11.95%		1.338B
71.32%		1.537B
14.87%		1.902B
23.75%		1.892B
-0.53%		1.873B
-1.00%		2.699B
44.10%		2.827B
4.74%
Operating Margin
TIGO operating margin by date.TIGO operating margin by date.
13.80%23.05%26.41%26.51%26.04%23.49%31.11%31.61%
EPS
YoY % growth
TIGO eps by date.TIGO eps by date.
-0.48
-131.58%		1.47
406.25%		3.66
148.98%		4.83
31.88%		5.04
4.42%		7.41
47.03%		8.45
13.97%		8.97
6.16%

All data in USD

Quarterly Earnings Per Share (EPS), Revenue, EBIT and EBITDA Analyst Estimates

Q1 / 26 Q2 / 26 Q3 / 26 Q4 / 26
EPS
Q2Q % growth		1.22
6.92%		0.82
89.77%		0.70
21.34%		0.80
-47.31%
Revenue
Q2Q % growth		2.015B
46.65%		2.086B
52.04%		1.539B
8.38%		1.586B
-4.00%
EBITDA
Q2Q % growth		840.75M
18.92%		846.31M
-9.78%		701.15M
-45.48%		719.01M
-57.35%
EBIT
Q2Q % growth		493.63M
20.40%		484M
40.70%		371.82M
-1.11%		395.53M
-2.58%

All data in USD

Yearly Earnings Per Share (EPS) and Revenue Trends vs Historical Data

TIGO Yearly Revenue VS EstimatesTIGO Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2B 4B 6B 8B
TIGO Yearly EPS VS EstimatesTIGO Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 2 -2 4 6 8

Long Term Forward Growth Forecast Summary

Long Term EPS Growth (CAGR)

EPS Next 3 Year
26.51%
EPS Next 5 Year
19.62%

Long Term Revenue Growth (CAGR)

Revenue Next 3 Year
11.05%
Revenue Next 5 Year
8.95%

Long Term EBIT Growth (CAGR)

EBIT Next 3 Year
32.94%
EBIT Next 5 Year
21.00%
→ Find peers expecting at least 20% CAGR revenue growth over the next 3 years

MILLICOM INTL CELLULAR S.A. / TIGO Forecast FAQ

What is the average price target for MILLICOM INTL CELLULAR S.A. (TIGO) stock?

14 analysts have analysed TIGO and the average price target is 59.49 USD. This implies a price decrease of -17.6% is expected in the next year compared to the current price of 72.19.

Can you provide the upcoming earnings date for MILLICOM INTL CELLULAR S.A.?

MILLICOM INTL CELLULAR S.A. (TIGO) will report earnings on 2026-05-12.

Can you provide the consensus estimates for MILLICOM INTL CELLULAR S.A. next earnings?

The consensus EPS estimate for the next earnings of MILLICOM INTL CELLULAR S.A. (TIGO) is 1.22 USD and the consensus revenue estimate is 2.02B USD.

What is the consensus rating for MILLICOM INTL CELLULAR S.A. (TIGO) stock?

The consensus rating for MILLICOM INTL CELLULAR S.A. (TIGO) is 71.4286 / 100 . This indicates that analysts generally have a positive outlook on the stock.