Macquarie raises target price for Australia's SiteMinder on strong outlook

SiteMinder

30/10/2025 04:50

** Macquarie raises Australia's SiteMinder's SDR.AX PT to A$8.55 from A$8.11; reiterates "outperform" rating

** Expects hotel commerce platform's FY26 revenue to grow rapidly on sustained market share growth, transaction product adoption, boost from Smart Platform revenue

** Co on Wednesday reaffirmed FY26 guidance and expects strong ARR and revenue growth, continued improvement in underlying EBITDA and free cash flow

** Brokerage expects co to balance its revenue, profitability growth as it scales

** 5 of 16 analysts recommend "strong buy" for stock, 9 "buy", while 2 recommend 'hold'; median PT A$7.97 - data compiled by LSEG

** SDR down 4.7% at A$7.33 after 2.5% rise on Wednesday following announcement to reiterate guidance; YTD up 21.3%

 (Reporting by Keshav Singh Chundawat in Bengaluru)

 ((Keshav.singhchundawat@thomsonreuters.com))