VEON (VEON) Stock Analysis & Forecast

Sep 28 close

$69.41−4.11 (−5.6%)

Gekko Brief

AI summary

VEON's week was shaped by expansion moves in Bangladesh and shareholder-structure news. The company convened investors in New York around its "Invest in Bangladesh NOW!" initiative, targeting $1 billion in foreign direct investment and anchored by VEON's $250 million commitment, and VEON and Square Group received Bangladesh Bank approval for a Digital Bank license. Separately, LetterOne Investment Holdings filed an amended Schedule 13D detailing a Share Purchase Agreement tied to VEON's board-approved buyback of 72,500,000 common shares, under which a 45.46% shareholder agreed to sell shares proportionately. A Capital Markets Day has also been scheduled for 16 November 2026 in New York.

VEON closed at $69.41, down 5.6% on the day but still above both its 50-day average of $60.50 and 200-day average of $54.40, with the shorter average above the longer one. The stock's one-month, three-month, six-month and one-year returns stand at 14.9%, 33.6%, 49.4% and 28.3% respectively, and it has traded between $42.60 and $75 over the past 52 weeks. The GekkoIndex reads 50.1, placing it in the Neutral zone, while the price sits 12.5% below Gekko Fair Value of $79.37.

Earnings are due 6 November 2026, before the open, which falls outside a typical 20-trading-day holding window; the prior report on 31 July 2026 beat estimates ($1.69 versus $1.59) with a 0.6% reaction. Over the last 90 days there have been 3 open-market insider purchases totaling $1,120,053. Seasonality over the next 20 trading days has averaged -6.6% across 5 years, rising in 1 of them, a contrast worth noting against the current uptrend.

Written by AI and checked automatically against the figures on this page. Generated Sep 29, 2026 from the data above.

VEON price vs fair value

$79.37$69.41Sep ’25Mar ’26Sep ’26
Close $69.41200-day averageGekko Fair Value $79.37

VEON quick facts

Market cap
$4.81B
P/E ratio
69.8
Forward P/E
7.9
EPS, TTM
$1.04
Revenue, TTM
$4.76B
Profit margin
1.2%
Dividend yield
—
Beta
1.63
Volume
114,600 avg 162,535
1-year return
+28.3%
Typical daily move
±3.8%
Typical 20-day move
±8.1%
50-day average
$60.50
200-day average
$54.40
Next earnings
Nov 6 before open
Shares outstanding
68.86M
52-week range
$42.60$75.00

VEON swing-trade checklist

VEON scores 4 supportive, 1 mixed and 1 headwind across the 6 checklist items with data.

Six things swing traders check before a 20-day hold, read from the latest data.

4 supportive1 mixed1 headwind

  • Trendsupportive

    Above 50 and 200-day

    Close $69.41 is above the 50-day ($60.50) and 200-day ($54.40) averages, and the 50-day is above the 200-day.

    See the chart
  • GekkoIndexmixed

    50.1, Neutral

    Reading 50.1 is in the Neutral zone.

    See the GekkoIndex
  • Fair valuesupportive

    12.5% below

    Price is 12.5% below Gekko Fair Value (more than 5% below).

    See fair value
  • Smart moneysupportive

    Leans bullish

    Last 90 days: 3 open-market insider purchases.

    See smart money
  • Earnings risksupportive

    Reports in 38 days

    Next report Nov 6, 2026, 38 days away — outside a typical 20-trading-day hold.

    See earnings
  • Seasonalityheadwind

    −6.6% on average

    From this point in the calendar, the next 20 trading days averaged −6.6% over 5 years, rising in 1 of them.

    See seasonality

A description of current data, not a recommendation. How this page works

VEON stock chart and price history

VEON closed at $69.41 on Sep 28, 2026, +28.3% over the past year, inside a 52-week range of $42.60 to $75.00.

Close50-day average200-day averageVolume
VEON share price, past year, with 50-day and 200-day moving averages and volume$50$60NovDecJan 2026FebMarAprMayJunJulAugSep69.41

Use the left and right arrow keys to read daily values.

Performance Breakdown

1 month
+14.9%
3 months
+33.6%
6 months
+49.4%
1 year
+28.3%
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About VEON

VEON provides telecommunications and digital services across Pakistan, Ukraine, Kazakhstan, Bangladesh, and Uzbekistan. Its core business is mobile service on 2G, 3G, and 4G/LTE networks, offered through prepaid and postpaid plans that include roaming, wireless internet, mobile financial tools, and bundled packages. It is also known for a wide range of digital platforms spanning entertainment, healthcare, ride-hailing, and finance, such as Kyivstar TV, Uklon, Simply, and ApnaClinic.

Beyond mobile telephony, VEON runs fixed-line networks built on fiber optics, cross-border transmission services, and prepaid recharge options, alongside cloud storage and various super-apps and lifestyle platforms tailored to its regional markets. Customers reach these services through a mix of direct sales staff, franchises, retailers, distributors, supermarkets, and online channels, as well as company-operated stores and contact centers.

VEON traces its origins to 1992 and operated for years as VimpelCom Ltd. before adopting its current name in March 2017. The company is headquartered in Dubai, United Arab Emirates, and its shares trade under the ticker VEON.

Sector
Communications
Website
veon.com

VEON GekkoIndex: the smart money zone

VEON’s GekkoIndex — Gekko’s 0 to 100 smart money score — reads 50.1, in the Neutral zone, up 4.8 points over five sessions.

010050.1Neutral

Up 4.8 points over five sessions.

Reading for Sep 28, 2026

What followed past readings in each zone

ZoneReadings5 days10 days20 days50 days
Buying12+7.6%+10.6%+18.9%+30.5%
Accumulation120+1.8%+4.7%+6.4%+11.7%
Neutral (current zone)456+0.6%+1.1%+3.4%+7.9%
Distribution37+1.9%+2.9%−2.3%+2.5%
Selling0Not available

Average VEON share-price change over the trading days after each daily reading in its GekkoIndex history. Across every stock Gekko tracks, Neutral readings averaged +1.1% over 20 days. Past behaviour doesn’t guarantee future results.

Neutral zone: No clear directional signal. About the five zones →

See every daily GekkoIndex reading plotted over the VEON price, zone by zone.Track VEON in Gekko

Is VEON stock overvalued? Gekko Fair Value

VEON trades 12.5% below Gekko Fair Value of $79.37, so the shares are undervalued on Gekko’s estimate.

Gekko’s own estimate of what VEON shares are worth, recalculated every trading day.

$79.37

Gekko Fair Value, Sep 26, 2026

12.5% Undervalued

How Gekko Fair Value works →

Gekko Fair Value on every chart, with the gap to price updating daily.Open VEON in Gekko

VEON insider and Congress trading

Insiders filed 3 open-market purchases in VEON worth $1.12M, and no Congress trades were disclosed, in the last 90 days.

Plus buybacks, unusual options and fund positions, each dated to when it became public.

Insider buying last 90 days

$1.12Min 3 open-market purchases

FiledInsiderTypeSharesValue
Aug 10Augie K Fabela II
Director
Purchase13,826$775K
Aug 10Augie K Fabela II
Director
Purchase5,000$280K
Aug 10Augie K Fabela II
Director
Purchase1,174$65K

From Form 4 filings, dated to when each was filed.

Congress trades last 90 days

No trades in VEON were disclosed by members of Congress in the last 90 days.

From congressional disclosures, which report amounts as ranges.

Congress disclosures for VEON, plotted on the chart in Gekko.Open VEON in Gekko

Buybacks

VEON has been buying back its own shares.

Bought back, quarter ended Jun 30, 2026
$34.00M
As a share of market cap
0.71%
Trailing four quarters
$239.0M

From company filings.

VEON earnings: next date and track record

VEON reports on Nov 6, 2026, before the open (38 days away), and beat the EPS estimate in 6 of its last 8 reports.

6 of 8reports beat the EPS estimate
±6.7%average move across the report
6 of 8reports followed by a gain

Share-price move across each report

−1.7%Nov ’240.0%Mar ’25+11.7%May ’25+7.4%Aug ’25+10.4%Nov ’25+14.0%Mar ’26+7.8%May ’26+0.6%Jul ’26

Last earnings call, Jul 31, 2026 AI summary

What they said
VEON reported solid Q2 2026 results with broad-based revenue growth and accelerating digital momentum. Revenue grew 17% year-over-year to $1.27 billion (1H up 17% to $2.47 billion). Telecom revenue rose 7.6% while digital revenue increased 53.6% to $342 million and now represents ~27% of total revenues. EBITDA reached $552 million (43.4% margin), with digital EBITDA up 66.2% to $123 million; telecom and infrastructure EBITDA declined modestly reflecting last year comparatives and country-specific items. Operating cash flow and equity free cash flow strengthened materially, supported by a $1.4 billion bond refinancing that extends headquarters maturities and reduced 2027 refinancing pressure. Management emphasized the company’s transformation into a digital ecosystem anchored by connectivity and highlighted the “flywheel” between connectivity, digital services, and cash generation. Given stronger-than-expected performance, management raised full-year guidance (revenue growth and EBITDA growth) and committed to institutionalize shareholder returns (cancel at least $100 million of shares annually), while maintaining CapEx guidance. The presentation and Q&A focused on fintech expansion (notably JazzCash in Pakistan), Starlink/satellite integration as complementary connectivity, country-level headwinds (VAT increase in Kazakhstan, energy outages in Bangladesh/Pakistan, war impacts in Ukraine), and the company’s disciplined approach to M&A and capital allocation.
Guidance
Revenue growth now expected 15% to 18% (full year). EBITDA growth now expected 9% to 12% (full year). Capital expenditure outlook remains unchanged. Company will cancel at least $100 million of shares annually beginning this year.
Risks flagged
Country-specific macro and policy risks and operational headwinds were highlighted: VAT increases (Kazakhstan), energy outages/load-shedding (Bangladesh, Pakistan), war-related infrastructure disruption (Ukraine), currency devaluation and inflation (weighted average inflation ~9.5% in their markets), regulatory uncertainty for financial services/digital banking licenses in some markets, and occasional one-off accounting items (e.g., past Pakistan tower sale benefiting comparatives, and a $22 million fair value loss on KGL warrants this quarter). Additionally, the company flagged the need for regulatory approvals for satellite integrations (Starlink) and potential capital deployment decisions for energy generation or site-level solar depending on grid maturity.
ReportedEPSSurpriseRevenueSurpriseMove
Jul 31, 2026$1.69
est $1.59
+6.3%$1.27B
est $1.23B
+3.4%+0.6%
May 13, 2026$1.41
est $1.30
+8.5%$1.20B
est $1.17B
+2.3%+7.8%
Mar 13, 2026−$0.39
est $1.33
−129.3%$1.17B
est $1.12B
+4.8%+14.0%
Nov 10, 2025$1.14
est $1.21
−5.8%$1.12B
est $1.12B
−0.7%+10.4%
Aug 7, 2025$8.30
est $0.86
+865.1%$1.09B
est $1.11B
−1.8%+7.4%
May 15, 2025$1.36
est $1.04
+30.8%$1.03B
est $1.02B
+0.5%+11.7%
Mar 20, 2025$1.01
est $0.92
+9.8%$4.00B
est $1.00B
+300.0%0.0%
Nov 14, 2024$1.39
est $0.57
+144.4%——−1.7%

“Move” is the close of the first session after the report compared with the close of the last session before it, so it reads the same whether the company reported before the open or after the close.

VEON stock forecast and analyst price targets

Analysts’ average 12-month price target for VEON is $84.73, +22.1% from the last close, from 1 firm rating the stock in the last 90 days.

$84.73consensus 12-month target, +22.1% from the last close
Buy1
Hold0
Sell0

Each firm’s latest rating in the last 90 days: 1 firm.

Latest analyst actions

DateFirmRatingTargetvs price
Aug 4Northland SecuritiesBuy, reiterated$70+0.9%
+3.4%average 20-day move after past Neutral readings
−6.6%average move over the next 20 trading days in the last 5 years
±3.8%typical daily move, from the 14-day average range

Gekko doesn’t publish price predictions. These are analyst targets and historical base rates, which don’t guarantee future results.

VEON seasonality: the next 20 trading days

Over the next 20 trading days from Sep 29, VEON averaged −6.6% across the last 5 years, rising in 1 of them.

Next 20 trading days, by year

−1.9%2021−8.8%2022−17.9%2023+1.1%2024−7.1%2025

Average move and hit rate

WindowAverageYears higher
Next 5 trading days+0.7%2 of 5
Next 10 trading days−5.1%1 of 5
Next 15 trading days−2.5%1 of 5
Next 20 trading days−6.6%1 of 5
Next 30 trading days−0.1%2 of 5

For scale, VEON’s typical 20-trading-day move in either direction is about 8.1%.

VEON market cap and key statistics

VEON’s market cap is $4.81B, with a P/E ratio of 69.8 and revenue of $4.76B over the last twelve months.

Valuation

Market cap
$4.81B
P/E ratio
69.8
Forward P/E
7.9
EPS, TTM
$1.04
Gekko Fair Value
$79.37

Trading

Volume
114,600
Avg volume, 20 days
162,535
52-week high
$75.00
52-week low
$42.60
Shares outstanding
68.86M

Financials

Revenue, TTM
$4.76B
Profit margin
1.2%
Return on equity
7.5%
Quarterly earnings growth, YoY
−78.9%

Risk and income

Beta
1.63
Typical daily move
±3.8%
Typical 20-day move
±8.1%

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VEON stock FAQ

What is VEON’s market cap?

VEON’s market cap is $4.81B at the Sep 28, 2026 close of $69.41, with 68.86M shares outstanding. The shares trade on a P/E ratio of 69.8.

What is the VEON stock forecast?

The consensus analyst 12-month price target for VEON is $84.73, +22.1% from the last close. Of the 1 firm that rated the stock in the last 90 days, 1 rate it a buy, 0 a hold and 0 a sell. Gekko doesn’t publish price predictions of its own.

Is VEON stock overvalued or undervalued?

On Gekko’s estimate VEON is undervalued: the Sep 28, 2026 close of $69.41 is 12.5% below Gekko Fair Value of $79.37. Gekko Fair Value is recalculated every trading day, and a gap inside 5% either way counts as about fair value.

When does VEON report earnings next?

VEON is expected to report on Nov 6, 2026, before the market opens (38 days away). Analysts expect earnings of $1.72 per share on revenue of $1.31B. VEON beat the earnings estimate in 6 of its last 8 reports, moving 6.7% on average across the report.

What is VEON’s 52-week high and low?

VEON’s 52-week high is $75.00 and its 52-week low is $42.60; it closed at $69.41 on Sep 28, 2026, +28.3% over the past year.

Is VEON stock a buy right now?

Gekko describes the data; it does not make buy or sell recommendations. On the swing-trade checklist, 4 of the 6 items with data read as supportive (trend, fair value, smart money and earnings risk), 1 as mixed (gekkoindex) and 1 as a headwind (seasonality). The checklist is a description of current data, not a recommendation.

How this page works

During US trading hours the price at the top of the page is a delayed quote, refreshed every 15 minutes; everything else is rebuilt after each US market close. The GekkoIndex, Gekko Fair Value and the checklist are Gekko’s own, and the Gekko Brief is written by AI from this page’s data and checked against it before it is published. How Gekko’s data works →

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