IHS Holding Ltd (NYSE:IHS) saw its stock price soar 5.09% in Thursday's trading session, following the release of its full-year results and subsequent analyst upgrades. The tower infrastructure company's shares have garnered increased investor interest due to better-than-expected earnings and improved forecasts.

The company's full-year results, released earlier in the week, showed revenues of US$1.7 billion, in line with analyst expectations. However, IHS Holding's statutory losses were 12% smaller than anticipated, with the company losing US$4.90 per share. This outperformance on the bottom line has led analysts to significantly revise their earnings forecasts for the coming year.

Following the results, analysts have upgraded their earnings per share (EPS) expectations for IHS Holding in 2025. The consensus forecast now stands at a profit of US$0.40 per share, a substantial increase from the previous estimate of US$0.24. This improved outlook, coupled with the company's better-than-expected performance, has fueled investor optimism and driven the stock's upward movement. Despite the positive sentiment, the consensus price target remains unchanged at US$7.09, suggesting there may be further upside potential for the stock.