B+
Bull case
20%
Probability
Target price
$95.00
+6.9% vs current
Analyst targets and market signals cluster below the broker-last anchor; consensus is cautious with a wide low–high spread. Tone is guarded pending FY2025 results and clarity on capital returns.
No evidence quality warning is currently attached to this memo.
FY2025 results are the nearest formal trigger for guidance, ARPU, and FX translation updates; misses could compress the multiple and push shares lower.
Rulings or licensing outcomes in core LatAm markets can cause abrupt re-rating; recent notes show mixed market expectations.
Successful consolidation or accretive M&A in core markets could lift multiples over the medium term; lower probability but higher impact.
No formal recommendation provided.