Australia's Superloop spotlighted as UBS raises PT on strong subscriber growth

Superloop

04/06/2026 05:46

** Australian telecom firm Superloop SLC.AX in focus after UBS raises price target to A$4.15 from A$3.50, reiterates 'buy'
** Brokerage flags strong subscriber growth across Consumer, Business and Wholesale, with Consumer order share tracking ~4 pct point above market share
** Says disciplined cost control and AI-led efficiencies keeping acquisition costs steady, supporting margin expansion
** Adds current valuation implies slowing growth, underestimating upside from subscriber gains and wholesale expansion
** Shares, however, fell 3.6% to A$3.46, tracking a broader 1.3% drop in the benchmark S&P/ASX 200 index .AXJO
** 7 of 9 analysts rate the stock "buy" or higher, and 2 "hold"; their median PT is A$3.80 – LSEG data
** Stock up 33.6% this year, including the day's move

 (Reporting by Roushni Nair in Bengaluru)
 ((Roushni.nair@thomsonreuters.com))