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Millicom International Cellular (TIGO) Stock Forecast & Price Target

Millicom International Cellular logo
$24.45 -0.03 (-0.12%)
(As of 12/20/2024 05:16 PM ET)

Millicom International Cellular - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Sell
0
Hold
2
Buy
5

Based on 7 Wall Street analysts who have issued ratings for Millicom International Cellular in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 7 analysts, 2 have given a hold rating, and 5 have given a buy rating for TIGO.

Consensus Price Target

$30.66
25.40% Upside
According to the 7 analysts' twelve-month price targets for Millicom International Cellular, the average price target is $30.66. The highest price target for TIGO is $37.30, while the lowest price target for TIGO is $24.00. The average price target represents a forecasted upside of 25.40% from the current price of $24.45.
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TIGO Analyst Ratings Over Time

TypeCurrent Forecast
12/23/23 to 12/22/24
1 Month Ago
11/23/23 to 11/22/24
3 Months Ago
9/24/23 to 9/23/24
1 Year Ago
12/23/22 to 12/23/23
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
5 Buy rating(s)
5 Buy rating(s)
5 Buy rating(s)
1 Buy rating(s)
Hold
2 Hold rating(s)
2 Hold rating(s)
2 Hold rating(s)
4 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$30.66$30.66$30.66$17.48
Forecasted Upside25.40% Upside16.14% Upside9.23% Upside-2.86% Downside
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Hold

TIGO Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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TIGO Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Millicom International Cellular Stock vs. The Competition

TypeMillicom International CellularComputer and Technology CompaniesS&P 500
Consensus Rating Score
2.71
2.69
2.51
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside25.40% Upside265.04% Upside14.53% Upside
News Sentiment Rating
Neutral News

See Recent TIGO News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
9/20/2024Scotiabank
5 of 5 stars
A. Coello
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UpgradeSector Perform ➝ Sector Outperform$30.00 ➝ $37.30+36.18%
9/6/2024JPMorgan Chase & Co.
3 of 5 stars
 Initiated CoverageOverweight$35.00+31.43%
8/15/2024UBS Group
4 of 5 stars
L. Olmos
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UpgradeNeutral ➝ Buy$25.00 ➝ $33.00+30.43%
7/2/2024Hsbc Global Res
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P. Kanumuri
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DowngradeStrong-Buy ➝ Hold
7/2/2024HSBC
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 DowngradeBuy ➝ Hold
2/29/2024New Street Research
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 UpgradeNeutral ➝ Buy$20.00 ➝ $24.00+32.60%
1/5/2024Morgan Stanley
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 UpgradeEqual Weight ➝ Overweight
5/30/2023Barclays
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 DowngradeOverweight ➝ Equal Weight

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 02:49 PM ET.


TIGO Forecast - Frequently Asked Questions

According to the research reports of 7 Wall Street equities research analysts, the average twelve-month stock price forecast for Millicom International Cellular is $30.66, with a high forecast of $37.30 and a low forecast of $24.00.

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Millicom International Cellular in the last year. There are currently 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" TIGO shares.

According to analysts, Millicom International Cellular's stock has a predicted upside of 25.40% based on their 12-month stock forecasts.

Analysts like Millicom International Cellular more than other "computer and technology" companies. The consensus rating score for Millicom International Cellular is 2.71 while the average consensus rating score for "computer and technology" companies is 2.69. Learn more on how TIGO compares to other companies.


This page (NASDAQ:TIGO) was last updated on 12/22/2024 by MarketBeat.com Staff
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