BT share price forecast: Third-party price target

BT scheduled its Q4 2025 earnings for a May 2025 release. In its Q3 2024 earnings, released on 30 January 2025, BT reported nine-month revenue (to 31 December 2024) of £15.3bn, down 3% year on year. Pre-tax profit, however, rose 4% to £6.2bn.

What’s next for the UK’s leading telecommunications provider? Here’s the BT share price forecast for 2025-2030 and beyond, including insights, analyst targets, and third-party predictions.

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BT share price forecast 2025: Analysts’ price targets

BT stock price predictions as of 22 April 2025 include Trading Economics, which set a 162.90p price target for the end of this quarter, decreasing to 154.78p by April 2026.

Meanwhile, TipRanks provided a consensus of ‘hold’, aggregated from ratings offered by five analysts over the last three months. Two analysts gave a ‘buy’ rating, one suggested ‘hold’ and two recommended ‘sell’.

TipRanks’ aggregate 12-month BT stock price target was 185.80p per share, with a potential 10.73% upside based on the last price of 167.80p. The lowest price target was 112p, and the highest 287p.

TradingView was more bearish, targeting a 192p price in 12 months’ time, averaged from 15 analysts’ predictions ranging from 112p to 299p. The consensus rating from 19 analysts over the past three months was a ‘buy’ – nine analysts gave a ‘strong buy’, three a ‘buy’, three a ‘hold’, one a ‘sell’, and another three recommended ‘strong sell’.

Forecasting service Wallet Investor provided another bearish outlook for BT Group stock, suggesting that BT could close 2025 at 166.28p, falling to approximately 158.57p by the end of 2026, and 136.23p by the end of 2029.

Algorithmic prediction website Gov Capital predicted BT will average 157.25p by the end of 2025, expecting 196.01p at the close of 2026, and 196.33p by the end of 2029.

Morningstar maintained its 190p ‘fair value estimate’, which approximates the stock’s fundamental value rather than its share price. Writer Javier Correronero stated: ‘Narrow-moat BT Group is standing its ground in fiscal 2025 thanks to its cost cuts… We like that BT is still executing on its ambitious cost-cutting plan, as cost reductions and efficiency are key in a challenged industry.’

BT share price forecast 2030 and beyond

Many analysts decline to provide long-term predictions for the BT stock price due to the unpredictable nature of financial markets. However, algorithmic forecasts provide potential scenarios for the BT price in 2030 and beyond.

• Wallet Investor forecasted that BT’s long-term stock price could average 130.98p in 2030, ranging between 138.26p and 127.90p in early 2030.
• Gov Capital projected a 195.67p average BT stock price in 2030, with a 220.87p maximum and 171.126p minimum.

Algorithmic forecasts are often inaccurate and sometimes unrealistic. Take them with a pinch of salt, as past performance isn’t a reliable indicator of future results.

What is the BT stock price history?

BT Group PLC, listed on the London Stock Exchange under the ticker BT.A, has evolved to be one of the UK’s largest telecommunications companies. Since its privatisation in 1984, BT has transitioned from a legacy telecom provider to a key player in digital connectivity, as reflected in its price history.

Past performance isn’t a reliable indicator of future results

BT’s share price experienced volatility in 2022, reflecting broader market conditions and operational challenges. On 17 February 2022, the stock peaked at 201.40p, supported by market optimism over fibre broadband expansion and potential strategic partnerships. However, rising inflation, regulatory pressures, and increased competition weighed on sentiment, causing BT to close the year at 115.06p – a 42.8% decline from its July peak.

In 2023, BT’s share price saw a modest recovery. The company’s cost-cutting initiatives and Openreach’s accelerated fibre rollout lifted sentiment, and BT stock closed at 123.53p on 29 December 2023, reflecting a 7.36% year-on-year increase.

BT’s momentum carried into 2024, reaching an annual high of 161.95p on 2 December 2024 before declining in December as BT went ex-dividend following its interim dividend declaration. The share price dipped as expected but stabilised, closing the year at 144.05p on 31 December 2024 – a 16.61% increase year-on-year.

BT opened 2025 at $144.30, with its price climbing between January and March. However, BT’s price declined significantly due to the announcement of a new TV service, potentially rivalling BT’s Sky TV in April 2025, following Vodafone's £15 billion merger with Three. As a result, BT shares fell approximately 13.20% between 3-9 April 2025.

On 22 April 2025, BT shares opened at 165.50p, reflecting a 14.69% rise since the start of the year.

What drives the BT price?

BT’s share price is shaped by a number of factors, including financial performance, competition, and market positioning.

Earnings, revenue, and profitability

BT’s Q3 2024 results, showed £15.3bn in revenue (down 3%) and £6.2bn in pre-tax profit (up 4%). Cost-cutting has supported margins, but revenue growth remains pressured. Dr. James Fox (Motley Fool) noted BT’s struggles with high debt, capital demands, and uncertain profitability. Analysts are assessing whether its fibre broadband expansion can offset declining legacy revenues. Analysts continue to assess whether BT’s fibre broadband expansion and pricing strategies can offset declining legacy revenues.

Openreach and broadband competition

BT’s Openreach division, which provides UK broadband infrastructure, faces rising competition. BT shares fell over 13% in a week in April 2025 2024 after Vodafone's merger with Three resulted in the announcement of a new TV service, potentially rivalling Sky TV.

Cost-cutting and workforce reductions

BT is targeting  £3bn in cost savings, mainly through job cuts. Its workforce shrank 3% in early 2025, with 30% reductions planned over the coming years. While streamlining boosts margins, it raises concerns about service quality and efficiency.

Mergers, acquisitions, and strategic partnerships

BT’s valuation is shaped by ownership changes and partnerships. In December 2024, the UK government approved Bharti’s 24.5% stake in BT, boosting confidence but sparking strategy questions. Deals with tech firms and wholesale clients remain vital, but competition is fierce.

Debt levels and pension obligations

BT carries £18bn in net debt, exposing it to interest rate risks. Despite £3bn in planned savings, capital-heavy projects like full-fibre expansion remain costly. Harvey Jones (Motley Fool) highlighted its burdensome pension scheme and refinancing risks as ongoing investor concerns. Any pension shortfalls or debt issues could pressure BT’s stock price.

Potential BT trading strategies

No matter the market – BT or any other shares, indices, commodities, or forex – strategies introduce discipline and structure when trading financial markets.

• Day trading takes place within a day, starting when trading commences and finishing with the closing bell. Day traders seek gains from intraday price fluctuations.
• Trend trading has a variable time-frame, taking place over the duration of a trend. Trend traders aim to enter a position and exit the position before the trend ends.
• Position trading can last for months or years, as position traders seek gains by following broader price movements instead of short-term trends.
• Swing trading takes place over weeks or months. Swing traders aim to capture gains from price swings.

Choose a trading strategy appropriate to your individual preferences, time commitment, and how much you can afford to risk.

Discover more trading strategies on our comprehensive trading strategies page.

Risks and rewards to trading BT shares

Consider the possible risks and rewards associated in your chosen market. Here are some potential trading conditions for BT and shares.

Potential opportunities in trading BT

• Diversified revenue streams: BT operates across broadband, mobile, and enterprise services – potentially mitigating price volatility.
• Cost-cutting initiatives: BT’s £3bn cost-saving programme aims to improve efficiency and profitability, which could support long-term share price growth.
• Openreach expansion: The rollout of full-fibre broadband could drive future BT revenue growth as demand for high-speed connectivity increases.
• Strategic partnerships: Agreements with third-party providers and potential M&A activity could boost market confidence and share value.
• Undervalued stock potential: Some analysts suggest BT’s share price does not fully reflect its long-term growth prospects, presenting potential value opportunities.

Risks of trading BT

• Competitive pressures: Alternative networks and rival telecom providers continue to challenge BT’s broadband market share.
• Regulatory and policy risks: Ofcom and government regulations, including broadband pricing controls, could impact profitability.
• Debt obligations: BT’s £18bn net debt and pension liabilities remain key financial risks, depending on interest rate conditions.
• Operational challenges: Workforce reductions and restructuring efforts may introduce execution risks and affect service quality.
• Macroeconomic conditions: Inflation, interest rates, and consumer spending trends could influence demand for BT’s services and sentiment.

Learn more about stock markets in our comprehensive shares trading guide.

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