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TIGO Stock Forecast 2025-2026
$50.20
Current Price
$8.39B
Market Cap
Buy 4
Hold 5
Sell 0
Wall St Analyst Ratings
Distance to TIGO Price Targets
+25.5%
To High Target of $63.00
+3.6%
To Median Target of $52.00
-8.4%
To Low Target of $46.00
TIGO Price Momentum
-5.4%
1 Week Change
+5.7%
1 Month Change
+92.9%
1 Year Change
+100.7%
Year-to-Date Change
-10.8%
From 52W High of $56.27
+112.6%
From 52W Low of $23.61
📊 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 10 Wall Street analysts, TIGO has a neutral consensus with a median price target of $52.00 (ranging from $46.00 to $63.00). The overall analyst rating is Buy (7.3/10). Currently trading at $50.20, the median forecast implies a 3.6% upside. This outlook is supported by 4 Buy, 5 Hold, and 0 Sell ratings.
The most optimistic forecast comes from Marcelo Santos at JP Morgan, projecting a 25.5% upside.
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
4
Buy
5
Hold
0
Sell
TIGO Price Target Range
Low
$46.00
Average
$52.00
High
$63.00
Current: $50.20
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 |
|---|---|---|---|---|---|
| Nov 17, 2025 | JP Morgan | Marcelo Santos | Overweight | Maintains | $63.00 |
| Nov 7, 2025 | Scotiabank | Andres Coello | Sector Perform | Maintains | $46.80 |
| Sep 11, 2025 | UBS | Leonardo Olmos | Neutral | Downgrade | $49.00 |
| Aug 19, 2025 | Scotiabank | Andres Coello | Sector Perform | Maintains | $46.10 |
| Aug 14, 2025 | JP Morgan | Marcelo Santos | Overweight | Maintains | $55.00 |
| Jun 27, 2025 | UBS | Neutral | Maintains | $N/A | |
| Jun 17, 2025 | Scotiabank | Andres Coello | Sector Perform | Downgrade | $37.00 |
| May 27, 2025 | JP Morgan | Marcelo Santos | Overweight | Maintains | $50.00 |
| May 16, 2025 | UBS | Leonardo Olmos | Buy | Maintains | $39.50 |
| Apr 3, 2025 | JP Morgan | Marcelo Santos | Overweight | Maintains | $41.00 |
| Apr 3, 2025 | Barclays | Mathieu Robilliard | Equal-Weight | Maintains | $36.00 |
| Feb 28, 2025 | Scotiabank | Andres Coello | Sector Outperform | Maintains | $37.90 |
| Jan 29, 2025 | Morgan Stanley | Cesar Medina | Equal-Weight | Initiates | $32.00 |
| Jan 16, 2025 | JP Morgan | Marcelo Santos | Overweight | Maintains | $33.00 |
| Sep 20, 2024 | Scotiabank | Andres Coello | Sector Outperform | Upgrade | $37.30 |
| Sep 6, 2024 | JP Morgan | Marcelo Santos | Overweight | Reinstates | $35.00 |
| Aug 15, 2024 | UBS | Leonardo Olmos | Buy | Upgrade | $33.00 |
| Aug 7, 2024 | Scotiabank | Andres Coello | Sector Perform | Downgrade | $30.00 |
| Jul 2, 2024 | HSBC | Phani Kanumuri | Hold | Downgrade | $N/A |
| Jun 21, 2024 | Scotiabank | Andres Coello | Sector Outperform | Maintains | $30.00 |
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
8.39B
Millicom International Cellular S.A. (TIGO) Financial Data
Millicom International Cellular S.A. has a market capitalization of $8.39B with a P/E ratio of 8.0x. The company generates $5.59B in trailing twelve-month revenue with a 19.6% profit margin.
Revenue growth is -0.8% quarter-over-quarter, while maintaining an operating margin of +26.5% and return on equity of +32.7%.
Valuation Metrics
Market Cap
$8.39B
Enterprise Value
$15.53B
P/E Ratio
8.0x
PEG Ratio
0.0x
Price/Sales
1.5x
Growth & Margins
Revenue Growth (YoY)
-0.8%
Gross Margin
+78.0%
Operating Margin
+26.5%
Net Margin
+19.6%
EPS Growth
+282.4%
Financial Health
Cash/Price Ratio
+19.8%
Current Ratio
0.9x
Debt/Equity
256.0x
ROE
+32.7%
ROA
+6.5%
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Millicom International Cellular S.A. (TIGO) Business Model
About Millicom International Cellular S.A.
What They Do
Telecommunications and media provider in emerging markets.
Business Model
Millicom International Cellular S.A. generates revenue primarily through mobile services, fixed broadband, and cable television offerings. The company also invests in digital applications, including mobile financial services, targeting underbanked populations, thereby enhancing its service portfolio and customer base.
Additional Information
Founded in 1990 and headquartered in Luxembourg, Millicom has a strong presence in Latin America and Africa, focusing on improving connectivity and digital inclusion. The company is committed to expanding digital infrastructure in underpenetrated regions, which positions it favorably for growth 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
Netflix, Reddit, and Millicom International display positive technical indicators, suggesting potential favorable trends for investors.
Why It Matters
Constructive technical indicators suggest potential upward momentum in stock prices for Netflix, Reddit, and Millicom International, signaling possible investment opportunities.
Source: Barrons
Market Sentiment:
Positive
Quick Summary
Millicom International Cellular SA (TIGO) is being evaluated as a potential top stock pick for momentum investors. Further analysis is needed to determine its suitability.
Why It Matters
Millicom's potential as a top stock pick signals possible growth and momentum, attracting investors seeking strong performance and opportunities for capital gains.
Source: Zacks Investment Research
Market Sentiment:
Positive
Best Value Stock to Buy for Nov. 20th
16 days ago
Quick Summary
TIGO and CMC have been ranked as Zacks Rank #1 (Strong Buy) value stocks as of November 20, 2025.
Why It Matters
TIGO and CMC's inclusion in the Zacks Rank #1 list indicates strong growth potential and favorable valuation, suggesting they may outperform the market, attracting investor interest.
Source: Zacks Investment Research
Market Sentiment:
Positive
Quick Summary
Liberty Latin America and Millicom's proposed merger in Costa Rica has been denied by SUTEL, the telecommunications regulatory body.
Why It Matters
The rejection of the merger by Costa Rica's telecommunications authority could negatively impact Liberty Latin America's growth strategy and market position, affecting investor sentiment and stock performance.
Source: Business Wire
Market Sentiment:
Neutral
Quick Summary
Millicom International Cellular S.A. (TIGO) will hold its Q3 2025 earnings call on November 6, 2025, at 8:00 AM EST, featuring executives and analysts from major financial institutions.
Why It Matters
Millicom's Q3 earnings call provides insights into financial performance and strategic direction, influencing investor sentiment and stock valuation. Key analysts are participating, indicating market interest.
Source: Seeking Alpha
Market Sentiment:
Neutral
Quick Summary
Millicom International Cellular SA (TIGO) reported Q3 earnings of $0.34 per share, missing estimates of $0.55. This is an increase from $0.30 per share a year prior.
Why It Matters
Millicom's earnings miss signals potential operational challenges, impacting investor confidence and stock performance. Year-over-year growth may not offset this negative outlook.
Source: Zacks Investment Research
Market Sentiment:
Negative
Frequently Asked Questions About TIGO Stock
What is Millicom International Cellular S.A.'s (TIGO) stock forecast for 2026?
Based on our analysis of 10 Wall Street analysts, Millicom International Cellular S.A. (TIGO) has a median price target of $52.00. The highest price target is $63.00 and the lowest is $46.00.
Is TIGO stock a good investment in 2026?
According to current analyst ratings, TIGO has 4 Buy ratings, 5 Hold ratings, and 0 Sell ratings. The stock is currently trading at $50.20. 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 $52.00 in the next 12 months. This represents a 3.6% increase from the current price of $50.20. 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 International Cellular S.A. generates revenue primarily through mobile services, fixed broadband, and cable television offerings. The company also invests in digital applications, including mobile financial services, targeting underbanked populations, thereby enhancing its service portfolio and customer base.
What is the highest forecasted price for TIGO Millicom International Cellular S.A.?
The highest price target for TIGO is $63.00 from Marcelo Santos at JP Morgan, which represents a 25.5% increase from the current price of $50.20.
What is the lowest forecasted price for TIGO Millicom International Cellular S.A.?
The lowest price target for TIGO is $46.00 from at , which represents a -8.4% decrease from the current price of $50.20.
What is the overall TIGO consensus from analysts for Millicom International Cellular S.A.?
The overall analyst consensus for TIGO is neutral. Out of 10 Wall Street analysts, 4 rate it as Buy, 5 as Hold, and 0 as Sell, with a median price target of $52.00.
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: December 7, 2025 4:08 AM UTC