Citi upbeat on Aussie Broadband, hikes earnings forecast and PT

Aussie Broadband

16/03/2025 19:10

** Citi expects momentum to accelerate in Aussie Broadband ABB.AX due to its progressive market share gain and delivery of higher-than-expected cost savings

** Brokerage raises Australian telecom firm's target price to A$4.80 from A$4.60 and maintains "buy" rating

** Citi raises co's EBITDA forecasts by 5% and 13% for fiscal 2026 and 2027 respectively

** With more than 50% of Aussie Broadband’s customer base now on 100Mbps or faster plans, we are more constructive on progressive ARPU uplift in the near-to-medium term - Citi

** Aussie Broadband has risen 8.2% so far this year, as of last close

 (Reporting by Nikita Maria Jino in Bengaluru; Editing by Lisa Shumaker)

 ((Nikita.Jino@thomsonreuters.com;))