VEON trades 19.4% below Wall Street's consensus target of $90.33.
Last 12 months price action with 12-month analyst target path
The base valuation assumes VEON achieves its forward estimates and maintains a stable P/E multiple of 10.6x. This scenario reflects the blended consensus of 14 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
As of October 3, 2026, VEON Ltd. (VEON) has a Wall Street consensus price target of $90.33, based on estimates from 14 covering analysts. With the stock currently trading at $75.64, this represents a potential upside of +19.4%. The company has a market capitalization of $5.24B.
Analyst price targets range from a low of $74.00 to a high of $112.00, representing a 42% spread in expectations. The median target of $85.00 differs from the mean, suggesting potential outlier estimates.
The current analyst consensus rating is Buy, with 11 analysts rating the stock as a Buy or Strong Buy,3 rating it Hold, and 0 rating it Sell or Strong Sell. This overwhelmingly bullish sentiment suggests analysts see significant catalysts for upside ahead.
From a valuation perspective, VEON trades at a trailing P/E of 10.1x and forward P/E of 10.6x. Analysts expect EPS to grow +756.5% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $67.80, with bear and bull scenarios of $42.72 and $89.34 respectively. Model confidence stands at 46/100, suggesting limited visibility into future performance.
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 TEFTelefónica, S.A. | $24.4B | $4.33 | $4.40 | +1.6% | Buy | 12.3x | 20 |
 TKCTurkcell Iletisim Hizmetleri A.S. | $4.4B | $5.04 | — | — | Buy | 8.7x | 17 |
 VIVTelefônica Brasil S.A. | $18.4B | $11.54 | $14.83 | +28.5% | Hold | 2.3x | 12 |
 LILALiberty Latin America Ltd. | $2.5B | $8.53 | $7.00 | -17.9% | Buy | — | 15 |
 TAT&T Inc. | $166.5B | $24.30 | $26.56 | +9.3% | Hold | 10.4x | 62 |
 VZVerizon Communications Inc. | $191.7B | $45.92 | $48.58 | +5.8% | Hold | 9.2x | 61 |
 TMUST-Mobile US, Inc. | $175.5B | $163.64 | $231.60 | +41.5% | Buy | 15.0x | 54 |
 ERICTelefonaktiebolaget LM Ericsson (publ) | $30.6B | $9.29 | $9.00 | -3.1% | Hold | 1.6x | 40 |
 NOKNokia Oyj | $61.5B | $10.60 | $17.50 | +65.1% | Buy | 30.6x | 52 |
 CSCOCisco Systems, Inc. | $442.2B | $112.20 | $129.77 | +15.7% | Buy | 26.2x | 74 |
Quick answers to the most common questions about buying VEON stock.
VEON Ltd. (VEON) has a consensus 12-month price target of $90.33, implying 19.4% upside from $75.64. The 14 analysts covering VEON see moderate appreciation potential.
VEON has a consensus rating of "Buy" based on 14 Wall Street analysts. The rating breakdown is predominantly bullish, with 11 Buy/Strong Buy ratings. The consensus 12-month price target of $90.33 implies 19.4% upside from current levels.
With a forward P/E of 10.5938x, VEON trades at a relatively low valuation. The consensus target of $90.33 implies 19.4% appreciation, suggesting meaningful undervaluation.
The most bullish Wall Street analyst has a price target of $112 for VEON, while the most conservative target is $74. The consensus of $90.33 represents the median expectation. Our quantitative valuation model projects a bull case target of $89 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
VEON is moderately covered, with 14 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 11 have Buy ratings, 3 recommend Hold, and 0 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
The 12-month VEON stock forecast based on 14 Wall Street analysts shows a consensus price target of $90.33, with estimates ranging from $74 (bear case) to $112 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $68, with bear/bull scenarios of $43/$89.
Our quantitative valuation model calculates VEON's fair value at $68 (base case), with a bear case of $43 and bull case of $89. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 46/100.
VEON trades at a forward P/E ratio of 10.6x based on next-twelve-months earnings estimates compared to a trailing P/E of 10.1x. The higher forward P/E suggests near-term earnings pressure. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Wall Street analysts are optimistic on VEON, with a "Buy" consensus rating and $90.33 price target (19.4% upside). 11 of 14 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
VEON analyst price targets range from $74 to $112, a 42% moderate spread showing some variance in outlooks. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $90.33 consensus represents the middle ground. Our model's $43-$89 range provides an independent fundamental perspective.
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