Millicom (TIGO) analyst forecast and price target
Analyst forecast
Consensus of 8 analyst ratings
Based on 3 analyst targets
Recent analyst ratings
| Firm | Action | Rating | Price target | Date |
|---|---|---|---|---|
| JP Morgan | Downgraded | Overweight → Neutral | $105.00 from $100.00 | Aug 18, 2026 |
| Scotiabank | Maintained | Sector Underperform | $60.10 from $52.40 | Aug 7, 2026 |
| UBS | Maintained | Neutral | $100.00 from $90.00 | Jul 14, 2026 |
| Scotiabank | Maintained | Sector Underperform | $52.40 from $51.20 | May 27, 2026 |
| JP Morgan | Maintained | Overweight | $100.00 from $86.00 | May 20, 2026 |
| Scotiabank | Maintained | Sector Underperform | $51.20 from $43.00 | Mar 30, 2026 |
| HSBC | Upgraded | Hold → Buy | $89.00 | Mar 6, 2026 |
| Scotiabank | Downgraded | Sector Perform → Sector Underperform | $43.00 from $46.80 | Feb 11, 2026 |
| UBS | Upgraded | Neutral → Buy | $70.00 from $49.00 | Jan 15, 2026 |
| JP Morgan | Maintained | Overweight | $63.00 from $55.00 | Nov 17, 2025 |
| Scotiabank | Maintained | Sector Perform | $46.80 from $46.10 | Nov 7, 2025 |
| UBS | Downgraded | Buy → Neutral | $49.00 from $39.50 | Sep 11, 2025 |
| Scotiabank | Maintained | Sector Perform | $46.10 from $37.00 | Aug 19, 2025 |
| JP Morgan | Maintained | Overweight | $55.00 from $50.00 | Aug 14, 2025 |
| Scotiabank | Downgraded | Sector Outperform → Sector Perform | $37.00 | Jun 17, 2025 |
| JP Morgan | Maintained | Overweight | $50.00 from $41.00 | May 27, 2025 |
| UBS | Maintained | Buy | $39.50 from $31.50 | May 16, 2025 |
| JP Morgan | Maintained | Overweight | $41.00 from $33.00 | Apr 3, 2025 |
| Barclays | Maintained | Equal-Weight | $36.00 from $310.00 | Apr 3, 2025 |
| Scotiabank | Maintained | Sector Outperform | $37.90 from $37.30 | Feb 28, 2025 |
Frequently asked questions
What is the price target for TIGO stock?
The average 12-month analyst price target for Millicom (TIGO) is $88.37, with a high estimate of $105.00 and a low of $60.10, across 3 analysts.
Is TIGO a buy, sell, or hold?
Analysts covering Millicom currently average a Hold rating: 2 buy, 5 hold and 1 sell, from 8 analysts. Ratings reflect analyst opinion, not investment advice.
What upside do analysts see for TIGO?
The average price target of $88.37 implies 5.47% downside from the last price of $93.48.
What is the latest analyst rating on TIGO?
On Aug 18, 2026, JP Morgan downgraded Millicom to Neutral with a price target of $105.00.
Analyst ratings and price targets are the opinions of third-party research firms, not of Light Horse Securities. They are estimates about an uncertain future, are frequently wrong, and are neither a recommendation nor a prediction of actual results.
This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.