Investment research firm IH Securities has flagged Econet Wireless Zimbabwe as significantly undervalued, projecting a potential 91 percent upside for the telecommunications group's shares.
The bullish assessment is anchored in the company's expanding artificial intelligence strategy, which analysts believe is set to bolster its long-term earnings profile despite current market pricing.
The research highlights a disconnect between Econet's strong recent earnings performance and its current share price.
IH Securities argues that the market has yet to fully price in the revenue potential from the firm's AI initiatives, which are increasingly central to its operational efficiency and service offerings in the region.
This development aligns with a broader trend in the global technology and telecommunications sectors, where AI integration is becoming a key driver of valuation multiples.
Recent Handelsavisen coverage has noted similar dynamics elsewhere, with Nokia's stock more than doubling since the start of 2026 and Lenovo's shares climbing over 15 percent on record earnings fueled by a near-doubling of AI-related revenue.