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TIGO Stock Forecast 2026-2027
$95.58
Current Price
$16.45B
Market Cap
Buy 3
Hold 3
Sell 2
Wall St Analyst Ratings
Distance to TIGO Price Targets
+4.6%
To High Target of $100.00
-8.5%
To Median Target of $87.50
-45.2%
To Low Target of $52.40
TIGO Price Momentum
-1.4%
1 Week Change
+7.5%
1 Month Change
+144.2%
1 Year Change
+72.4%
Year-to-Date Change
-4.5%
From 52W High of $100.08
+148.3%
From 52W Low of $38.50
📊 TOP ANALYST CALLS
Did TIGO Make This Month's Elite Buy List?
We don't follow just any analyst — only the top 3% with a proven track record make our cut. See if Millicom is one of their latest high-conviction picks.
Latest TIGO Stock Price Targets & Analyst Predictions
Based on our analysis of 3 Wall Street analysts, TIGO has a neutral consensus with a median price target of $87.50 (ranging from $52.40 to $100.00). The overall analyst rating is Buy (6.8/10). Currently trading at $95.58, the median forecast implies a -8.5% downside. This outlook is supported by 3 Buy, 3 Hold, and 2 Sell ratings.
The most optimistic forecast comes from Marcelo Santos at JP Morgan, projecting a 4.6% upside. Conversely, the most conservative target is provided by Andres Coello at Scotiabank, suggesting a 45.2% downside.
Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.
TIGO Analyst Ratings
3
Buy
3
Hold
2
Sell
TIGO Price Target Range
Low
$52.40
Average
$87.50
High
$100.00
Current: $95.58
Latest TIGO Stock Forecasts by Analyst
These are the latest 20 analyst ratings and price targets for TIGO.
| Date | Firm | Analyst | Rating | Change | Price Target |
|---|---|---|---|---|---|
| May 27, 2026 | Scotiabank | Andres Coello | Sector Underperform | Maintains | $52.40 |
| May 20, 2026 | JP Morgan | Marcelo Santos | Overweight | Maintains | $100.00 |
| Mar 30, 2026 | Scotiabank | Sector Underperform | Maintains | $N/A | |
| Mar 6, 2026 | HSBC | Buy | Upgrade | $N/A | |
| Feb 11, 2026 | Scotiabank | Sector Underperform | Downgrade | $N/A | |
| Jan 15, 2026 | UBS | Buy | Upgrade | $N/A | |
| Nov 17, 2025 | JP Morgan | Overweight | Maintains | $N/A | |
| Nov 7, 2025 | Scotiabank | Sector Perform | Maintains | $N/A | |
| Sep 11, 2025 | UBS | Neutral | Downgrade | $N/A | |
| Aug 19, 2025 | Scotiabank | Sector Perform | Maintains | $N/A | |
| Aug 14, 2025 | JP Morgan | Overweight | Maintains | $N/A | |
| Jun 27, 2025 | UBS | Neutral | Maintains | $N/A | |
| Jun 17, 2025 | Scotiabank | Sector Perform | Downgrade | $N/A | |
| May 27, 2025 | JP Morgan | Overweight | Maintains | $N/A | |
| May 16, 2025 | UBS | Buy | Maintains | $N/A | |
| Apr 3, 2025 | Barclays | Equal-Weight | Maintains | $N/A | |
| Apr 3, 2025 | JP Morgan | Overweight | Maintains | $N/A | |
| Feb 28, 2025 | Scotiabank | Sector Outperform | Maintains | $N/A | |
| Jan 29, 2025 | Morgan Stanley | Equal-Weight | Initiates | $N/A | |
| Jan 16, 2025 | JP Morgan | Overweight | Maintains | $N/A |
Millicom International Cellular S.A. (TIGO) Competitors
The following stocks are similar to Millicom based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.
TIGO
Millicom
mkt cap
16.24B
Millicom International Cellular S.A. (TIGO) Financial Data
Millicom International Cellular S.A. has a market capitalization of $16.45B with a P/E ratio of 13.2x. The company generates $6.44B in trailing twelve-month revenue with a 19.1% profit margin.
Revenue growth is +45.1% quarter-over-quarter, while maintaining an operating margin of +21.8% and return on equity of +37.4%.
Valuation Metrics
Market Cap
$16.45B
Enterprise Value
$26.95B
P/E Ratio
13.2x
PEG Ratio
-0.3x
Price/Sales
2.5x
Growth & Margins
Revenue Growth (YoY)
+45.1%
Gross Margin
+75.9%
Operating Margin
+21.8%
Net Margin
+19.1%
EPS Growth
-43.5%
Financial Health
Cash/Price Ratio
+7.4%
Current Ratio
0.6x
Debt/Equity
375.1x
ROE
+37.4%
ROA
+5.8%
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Millicom International Cellular S.A. (TIGO) Business Model
About Millicom International Cellular S.A.
What They Do
Provides mobile and broadband services in emerging markets.
Business Model
Millicom generates revenue by offering mobile services, fixed broadband, and cable television solutions to customers in Latin America and Africa. Additionally, the company invests in digital applications like mobile financial services, aiming to enhance access to banking for underbanked populations.
Additional Information
Founded in 1990 and headquartered in Luxembourg, Millicom focuses on enhancing connectivity and digital inclusion through advanced technologies such as 3G, 4G, and fiber-based internet services. The company's commitment to expanding digital infrastructure in underpenetrated regions positions it as a significant contributor to economic development and digital transformation in emerging markets.
Company Information
Sector
Communication Services
Industry
Telecom Services
Employees
14,000
CEO
Mr. Mauricio Ramos Borrero
Country
Luxembourg
IPO Year
2011
Website
www.millicom.comMillicom International Cellular S.A. (TIGO) Latest News & Analysis
Latest News
Quick Summary
Millicom Cellular (TIGO) is rated Buy due to strong YTD performance and robust subscriber growth post-Coltel acquisition. Targets $900M cash flow by 2026 with a 3.26% dividend yield.
Why It Matters
Millicom's strong YTD performance, robust subscriber growth, and improving cash flow post-acquisition enhance its earnings outlook, making it an attractive investment with solid dividend and FCF yields.
Source: Seeking Alpha
Market Sentiment:
Positive
Millicom: Strong Margins, Higher Expectations
1 month ago
Quick Summary
Millicom International Cellular (TIGO) is rated a cautious buy, with strong EBITDA margins (43.2%) and $225M quarterly free cash flow. 2026 free cash flow target is $900M, driven by successful acquisitions in Colombia and Chile.
Why It Matters
Millicom's strong EBITDA margins and cash flow projections indicate financial health, while successful acquisitions could enhance growth, making it an attractive opportunity for potential gains.
Source: Seeking Alpha
Market Sentiment:
Positive
Results of the Millicom (Tigo) AGM held today
1 month ago
Quick Summary
Millicom International Cellular S.A. held its Annual General Meeting (AGM) on May 20, 2026, in Luxembourg. Further details on outcomes were not provided.
Why It Matters
The Millicom AGM may reveal strategic decisions, financial performance, or dividend announcements, impacting stock valuation and investor sentiment.
Source: GlobeNewsWire
Market Sentiment:
Neutral
Quick Summary
Millicom International Cellular (NASDAQ: TIGO) reported strong Q1 2026 results, with increased revenue and cash flow driven by acquisitions and growth in its mobile sector.
Why It Matters
Millicom's strong Q1 performance, driven by acquisitions and mobile growth, signals potential for increased revenue and cash flow, enhancing investor confidence and stock valuation.
Source: MarketBeat
Market Sentiment:
Positive
Quick Summary
Millicom International Cellular S.A. (TIGO) held its Q1 2026 earnings call, providing insights into financial performance and future outlook. Detailed results are available in the transcript.
Why It Matters
Millicom's Q1 2026 earnings reveal financial health and growth prospects, impacting stock performance and investor sentiment in the telecommunications sector.
Source: Seeking Alpha
Market Sentiment:
Neutral
Millicom (Tigo) Q1 2026 Earnings Release
2 months ago
Quick Summary
Millicom (Tigo) announced its Q1 2026 earnings on May 12, 2026. Further details are available in the earnings release and financial statements.
Why It Matters
Millicom's Q1 2026 earnings release indicates financial performance, impacting stock valuation and investor sentiment regarding future growth and profitability.
Source: GlobeNewsWire
Market Sentiment:
Neutral
Frequently Asked Questions About TIGO Stock
What is Millicom International Cellular S.A.'s (TIGO) stock forecast for 2027?
Based on our analysis of 3 Wall Street analysts, Millicom International Cellular S.A. (TIGO) has a median price target of $87.50. The highest price target is $100.00 and the lowest is $52.40.
Is TIGO stock a good investment in 2027?
According to current analyst ratings, TIGO has 3 Buy ratings, 3 Hold ratings, and 2 Sell ratings. The stock is currently trading at $95.58. Always conduct your own research and consider your investment goals before making investment decisions.
What is the long-term price prediction for TIGO stock?
Wall Street analysts predict TIGO stock could reach $87.50 in the next 12 months. This represents a -8.5% decrease from the current price of $95.58. Please note that this is a projection by Wall Street analysts and not a guarantee.
What is Millicom International Cellular S.A.'s business model?
Millicom generates revenue by offering mobile services, fixed broadband, and cable television solutions to customers in Latin America and Africa. Additionally, the company invests in digital applications like mobile financial services, aiming to enhance access to banking for underbanked populations.
What is the highest forecasted price for TIGO Millicom International Cellular S.A.?
The highest price target for TIGO is $100.00 from Marcelo Santos at JP Morgan, which represents a 4.6% increase from the current price of $95.58.
What is the lowest forecasted price for TIGO Millicom International Cellular S.A.?
The lowest price target for TIGO is $52.40 from Andres Coello at Scotiabank, which represents a -45.2% decrease from the current price of $95.58.
What is the overall TIGO consensus from analysts for Millicom International Cellular S.A.?
The overall analyst consensus for TIGO is neutral. Out of 3 Wall Street analysts, 3 rate it as Buy, 3 as Hold, and 2 as Sell, with a median price target of $87.50.
How accurate are TIGO stock price projections?
Stock price projections, including those for Millicom International Cellular S.A., are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.
Important Disclaimer
The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.
Last updated: July 17, 2026 3:20 AM UTC