Citi raises PT, earnings estimate for Australia's Megaport

Megaport

18/05/2026 22:53

** Citi increases FY27 EBITDA estimate for network-as-a-service provider Megaport MP1.AX by 22% to A$148 million

** Brokerage reiterates 'buy' and sets new target price of A$15.65

** 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

** 10 of 13 analysts rate the stock "buy" or higher, 3 "hold"; their median PT is A$15.68 – according to data compiled by LSEG

** Stock up 5.8% YTD as of last close

 (Reporting by Jasmeen Ara Shaikh in Bengaluru)

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