Australia's Megaport rises as Citi raises PT, earnings estimate

Megaport

19/05/2026 02:02

Updates

** Shares of Australia's Megaport MP1.AX rise as much as 3.1% to A$13.270

** Citi raises target price for network-as-a-service provider to A$15.65, reiterates "buy" rating

** Brokerage increases FY27 EBITDA estimate by 22% to A$148 million ($105.91 million)

** Sees potential for further contract wins given Megaport's data centre footprint and customer base to participate in the AI-driven CPU as well as GPU demand cycle

** Ten of 13 analysts rate the stock "buy" or higher, three "hold"; their median PT is A$15.68 – according to data compiled by LSEG

** Stock up 6.3% YTD

($1 = 1.3974 Australian dollars)

 (Reporting by Jasmeen Ara Shaikh & Rajasik Mukherjee in Bengaluru)

 ((Jasmeenaraislam.Shaikh@thomsonreuters.com;))