Vodafone Share Price Forecast and Outlook 2025-2030
Vodafone Group PLC (LSE: VOD) is one of the world’s largest telecommunications companies and has operations across Europe, Africa, and parts of Asia and Oceania.
In this ‘Vodafone Share Price Forecast' article, we explore the latest news and factors affecting Vodafone's share price and what the analysts are forecasting for the stock. This material is for informational purposes only and not financial advice. Consult a financial advisor before making investment decisions.
🔎 Key Insights
- Market cap: ~£22 billion
- Dividend yield: 5.09%
- Last 5-year performance: 2024 +7.5%, 2023 -3.7%, 2022 -23.6%, 2021 +3.8%, 2020 -15.0%
Source: Admiral Markets Macroscope Vodafone, 12 November 2025. Figures may change. Past performance is not a reliable indicator of future results.
Vodafone Share Price 12-Month Forecast
Are Vodafone shares a buy, sell or hold? According to 9 analysts polled by TipRanks, there are currently 2 buy, 5 hold and 2 sell ratings on the stock. Of these analysts providing a 12-month price target, the highest price target is GBX 140.00 pence, the lowest is GBX 62.00 pence, providing an average price target of GBX 88.63 pence.
Price forecasts are not predictions. They represent a consensus of opinions based on current assumptions. They can change quickly if Vodafone’s earnings or macro conditions shift. Below we explore some of the factors affecting Vodafone's share price value.
Vodafone Share Price Live Chart
Vodafone’s share price reflects a combination of its financial performance, market sentiment, structural and strategic changes.
1. Merger with Three UK
Vodafone completed its merger with Three UK in 2025, creating the country’s largest mobile operator. Approved by the Competition and Markets Authority (CMA), Vodafone holds a 51% stake, with the former Three owner holding 49%.
The new entity plans to invest £11 billion in 5G infrastructure over the next decade. This integration could improve long-term margins but also strains near-term costs.
2. Dividend Stability
Vodafone remains one of the top dividend-yielding UK stocks with 5.09%. In 2025, the management team introduced a progressive dividend policy by raising the payout for the first time in seven years.
3. Financial Results and Growth
According to Vodafone’s H1 FY26 earnings results, the company reported:
| Metric | Result (H1 FY26) | Year-on-Year Change |
| Revenue | €19.6 billion | +7.3% |
| Service revenue | €16.3 billion | +8.1% reported (+5.7% organic) |
| Adjusted EBITDA | €5.7 billion | +6.8% |
| Operating profit | €2.2 billion | –9.2% |
Source: Vodafone, 12 November 2025. Past performance is not a reliable indicator of future results.
Growth has been strongest in Turkey, Africa and some parts of Europe. However, the report also highlighted that its profitability remains under pressure through new integration costs.
4. Management and Ownership Changes
Vodafone’s largest shareholder, e& (Emirates Telecom), now holds a board seat and continues to increase its strategic influence. The group has a strong record in emerging markets, which could help Vodafone expand its digital and fintech capabilities.
However, the UK government found the stake in Vodafone held by a United Arab-Emirates company posed a national security risk. It has ordered a national security committee to be set up at Vodafone to oversee and monitor sensitive work.
5. Ongoing Challenges
- Debt levels remain high at around five times pre-tax profit, which is largely attributed to past acquisitions such as the €21 billion Liberty Global cable deal in 2018.
- Competition across Europe continues to squeeze pricing and margins. Germany, Vodafone's largest market, accounting for around 35% of the group's revenue, has seen a decline in organic revenue.
- Infrastructure outages, such as the major UK network disruption in October 2025, highlight operational risk in the telecoms sector.
Why else has Vodafone struggled? Its long-term share price decline predates the pandemic. From its 2018 highs to the 2020 lows, the stock fell by roughly 60%, driven by falling European revenues, intense competition, and high capital costs.
The pandemic added pressure through reduced roaming income. Despite several divestments, Vodafone’s sluggish European division limited its recovery. However, since a multi-year low in 2024, the stock is up nearly 70%.
It's difficult to ascertain how much of the restructure is now already priced into the share price. As highlighted earlier, there are now more analysts with a hold rating on the stock and an equal number of buy and sell ratings on the stock. Among these analysts, the Vodafone share price forecast and outlook vary widely from GBX 62.00 pence to GBX 140.00 pence.
FAQs on Vodafone Share Price
Why is Vodafone share price so low?
Vodafone's share price has struggled in recent years due to the high debt load which is now five times its pre-tax profits and stagnating sales and revenue. However, new board members and a merger with UK mobile network operator Three could help with a recovery.
Where is Vodafone share price heading?
As of November 2025 and 9 analysts polled, the highest price target for Vodafone's share price over the next 12 months is GBX 140.00 pence with the lowest price target at GBX 62.00 pence.
Is Vodafone a buy, sell or hold?
As of November 2025, and of 9 investment bank analysts polled, there are 2 buy, 2 sell and 5 hold ratings on the stock.
How often do Vodafone pay dividends?
Vodafone pays a dividend twice a year in February and August. Currently, Vodafone's dividend yield is 5.09%.
Will Vodafone shares ever recover?
From January 2024 to November 2025, Vodafone's share price rallied over 50%. However, it is still over 30% below its record high from January 2018. Whether Vodafone's share price will recover depends on its plans for structural change, growth in new regions and its ability to manage competition.
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