JPMorgan raises target for Millicom stock to USD 105

Published on 10/05/2026 at 13:51 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue reached USD 2.18 billion, up 59.40 percent. Millicom stock costs EUR 78.25 on October 5, 2026 after EUR 78.25.

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Millicom (ISIN LU0038705702) was trading at EUR 78.25 at Lang & Schwarz on October 5, 2026 at 1:39 p.m. CEST, unchanged from the EUR 78.25 prior close. On August 18, 2026, JPMorgan Chase raised its target from USD 100.00 to USD 105.00 while keeping a Neutral rating, according to MarketBeat.

JPMorgan lifts target to USD 105

The target increase contrasts with JPMorgan's Neutral stance. MarketBeat also reported three Buy ratings, three Hold ratings and one Sell rating, producing a Hold consensus and an average target of USD 85.68 on October 2, 2026.

At the USD 105.00 target, Millicom's primary-market valuation case remains above the latest Nasdaq reference. The stock was last at USD 88.32 on Nasdaq on October 2, 2026 at 4:00 p.m. ET, with a 52-week range of USD 44.88 to USD 107.13 and a market capitalization of USD 14.8 billion.

Cash flow offsets earnings pressure

Millicom's second-quarter 2026 revenue reached USD 2.18 billion, up 59.40 percent year over year, while adjusted EBITDA reached USD 1.01 billion, up 9.10 percent organically. The figures were reported by ScanX News in its September 17, 2026 results summary.

Equity free cash flow reached USD 327.00 million in the second quarter, up 50.10 percent year over year. Management raised full-year 2026 equity free cash flow guidance to USD 1.10 billion from at least USD 900.00 million and set the year-end leverage target below 2.50 times, according to the same Q2 results coverage.

November 5 marks the next report

Makkler lists November 5, 2026 as the next earnings date and gives a revenue estimate of USD 2.23 billion. That estimate sits USD 50.00 million above second-quarter revenue, placing the next report against a higher near-term revenue benchmark.

Millicom stock holds at EUR 78.25

Millicom stock was trading at EUR 78.25 at Lang & Schwarz on October 5, 2026 at 1:39 p.m. CEST, unchanged at 0.00 percent versus the EUR 78.25 prior close. The further course of trading is shown by the continuously updated real-time quote of Millicom stock.