IHS Holding’s Strong Performance and Strategic Moves Justify Buy Rating and Target Price Increase

Citi analyst Michael Rollins maintained a Buy rating on IHS Holding (IHS – Research Report) yesterday and set a price target of $7.00.

Michael Rollins has given his Buy rating due to a combination of factors including IHS Holding’s strong first-quarter performance and strategic moves. The company demonstrated solid organic growth and exceeded expectations across various financial metrics, which contributed to the positive outlook. Additionally, IHS’s reaffirmation of its 2025 guidance and the strategic sale of its Rwanda operations at a favorable valuation further support the Buy rating.
Rollins also highlights the company’s potential for value enhancement through asset monetization and improved financial disclosures. Despite some risks associated with macroeconomic factors and currency fluctuations, particularly in Nigeria, the assets are considered undervalued. The combination of these factors, along with the prospects for multiple expansion, led to an upward revision of the target price to $7, reinforcing the Buy recommendation.

Rollins covers the Communication Services sector, focusing on stocks such as T Mobile US, AT&T, and Charter Communications. According to TipRanks, Rollins has an average return of 12.6% and a 68.25% success rate on recommended stocks.

In another report released on May 27, Wells Fargo also maintained a Buy rating on the stock with a $8.50 price target.