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Investing.com - Tigress Financial Partners has reiterated a Buy rating on IHS Holding (NYSE:IHS) stock with a price target of $11.00, representing significant upside from the current price of $6.82. According to InvestingPro data, analyst targets range from $6.25 to $17.00, with the stock currently trading below its Fair Value.
The research firm cited IHS’s continued benefits from secular trends in connectivity, technology adoption, and infrastructure outsourcing across emerging and high-potential telecom markets as key factors behind the rating.
Tigress Financial noted that IHS is experiencing a re-acceleration of revenue and cash flow growth, alongside ongoing portfolio and business optimization efforts that are strengthening its performance.
The firm highlighted that IHS Holdings remains well-positioned to benefit from robust growth in wireless connectivity demand across emerging markets, particularly in Africa and Latin America.
According to Tigress Financial, IHS will continue to create value through strategic capital allocation to fund investments in increasing capacity by developing new communication towers and making strategic acquisitions.
In other recent news, IHS Holding Limited reported second-quarter earnings that surpassed analyst expectations and raised its full-year 2025 guidance. This development highlights the company’s strong performance and its optimistic outlook for the future. Despite this positive financial news, the company’s shares experienced a decline in pre-market trading. Additionally, IHS Towers announced the passing of Frank Dangeard, an Independent (LON:IOG) Non-Executive Director on the company’s Board of Directors. Dangeard, who joined the board in September 2020, was recognized for his significant expertise and valued contributions to the organization. These recent developments provide insights into both the company’s financial trajectory and its governance changes.
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