VEON Ltd (VEON) Reiterated at Buy by StoneX- Being Recognised as Premier TMT Company

StoneX analyst Matt Harrigan reiterated a Buy rating and $85.00 price target on VEON Ltd (NASDAQ: VEON).

The analyst commented, "The equity market is now increasingly recognizing VEON’s position as the premier TMT company and national champion even beyond telecom across its Central Asian and Ukrainian frontier markets. Pakistan’s JazzCash demonstrates the financial services and fintech model at scale; satellite integration in Ukraine expands network resilience; and sovereign AI across VEON markets could add a new monetization layer across 65M+ super-app users and a broader addressable population approaching 600M. StoneX’s fair value share assessment would increase to $125+ under a sum-of-the-parts valuation breaking out digital apps from telecom instead of an individual frontier market approach underlying StoneX’s continued $85 headline 2026 price target. VEON should re-rate from a frontier market telecom name to a comprehensive vertical digital app leader across its markets with its businesses – especially financial services – increasingly scaled in their own right. A major distinguishing element for VEON is the efficiency of its digital app acquisition funnel from off its mobile presence – resulting in de minimis SAC outlays especially compared to developed market app provider equivalents."

For an analyst ratings summary and ratings history on VEON Ltd click here. For more ratings news on VEON Ltd click here.

Shares of VEON Ltd closed at $64.83 yesterday.

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