Gedik Yatirim raises Turkcell stock target to TRY 164.95

Published on 10/14/2026 at 04:52 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Turkcell revenue hit TRY 71.80 billion in the 2026 second quarter, up 2.50 percent. For Turkcell stock, a 5G payment is due in December 2026.

Target update and growth

Gedik Yatirim lifted its Turkcell target to TRY 164.95 on October 13, 2026.
Second-quarter revenue reached TRY 71.80 billion, with year-on-year growth of 2.50 percent.
Turkcell expects 5G installments in December 2026 and May 2027.

Turkcell, TRATCELL91M1, Illustration mit AI erstellt.

Turkcell (ISIN TRATCELL91M1) received a higher analyst target on October 13, 2026, when Gedik Yatirim lifted its target from TRY 157.50 to TRY 164.95 and kept an above-index return recommendation, according to Foreks. The update follows second-quarter revenue of TRY 71.80 billion, up 2.50 percent year-on-year, while net income reached TRY 5.24 billion.

Three dated developments

On August 13, 2026, Turkcell published its second-quarter results. The company reported TRY 71.80 billion in revenue, TRY 30.00 billion in EBITDA and a 41.80 percent EBITDA margin in the earnings call published by Yahoo Finance. The company also reported TRY 5.20 billion in net income, with higher depreciation from 5G licenses affecting the bottom line.

On October 12, 2026, Turkcell's Shaq 5G advertising campaign received two awards from the London International Awards, according to Yatirimci.AI. The latest dated event was the October 13 target increase, which gives the stock a fresh valuation reference in Turkish lira.

What powers the next growth phase?

The second-quarter figures show why digital services matter beyond the traditional mobile business. Digital Business Services revenue grew 33.00 percent year-on-year to TRY 8.70 billion, while data center and cloud revenue increased 10.00 percent to TRY 1.60 billion, according to Yahoo Finance. Turkcell also added 284,000 postpaid subscribers during the quarter, supporting revenue quality as the company expands into data centers, cloud services and payments.

Management said the company had more than 1,500 new system-integration contracts and a TRY 16.00 billion backlog in the second quarter. That combination gives the analyst target a business driver beyond short-term pricing, although 5G-related depreciation and license payments remain important earnings considerations.

Two 5G payment dates

Turkcell management said the second 5G license installment is expected in December 2026 and the final installment in May 2027, with each payment described as around USD 400.00 million in the August 13 earnings call published by Yahoo Finance. The dates matter because the payments compete with network investment and the expansion of Turkcell's digital infrastructure.

Stock context and valuation

Turkcell's market capitalization was USD 4.40 billion as of October 13, 2026, according to the latest structured market quote. The combination of a TRY 164.95 target, 2.50 percent second-quarter revenue growth and two future 5G payments defines the current investor debate around the company.