Megaport stock slips as Citi keeps a 22.10 Australian dollar target

Megaport stock is down 1.5% to A$16.60 as Citi keeps a last-published buy rating and a A$22.10 target. Morgans also lifted its view after FY 2026 results and FY 2027 guidance.

Megaport Ltd (AU000000MP15) stock fell 1.5% to A$16.60, while Citi kept a last-published buy rating and a A$22.10 target, according to Dow Jones Newswires on TradingView on August 31, 2026. The move comes as broker commentary continues to frame the shares around the company's FY 2026 results and FY 2027 outlook.

Broker calls stay constructive

One local note said Megaport's FY 2026 underlying EBITDA was 24% higher and 8% ahead of both forecast and consensus, while FY 2027 EBITDA guidance also came in stronger than expected. The same note said Network and Compute both delivered record growth, and it set a A$25 target.

That matters because the share price at A$16.60 is still well below both A$22.10 and A$25.00, which leaves the market discounting a large part of the earnings outlook. A second broker view also described FY 2026 as stronger than expected and pointed to accelerating Network ARR, improving retention, and new contract wins.

What the numbers say

The second note said deals already contracted deliver A$620 million of annualised contracted EBITDA, while its own model pointed to nearly A$600 million of surplus liquidity at the end of FY 2027. Those figures are useful because they connect Megaport's current valuation to cash generation and funding capacity rather than only to sentiment.

For investors, the key comparison is simple: the shares trade at A$16.60 while the recent broker targets sit at A$22.10 and A$25.00. The gap is still wide enough to keep attention on execution in the next reporting cycle.

Product focus

Megaport's core product is its Network-as-a-Service platform, which links cloud providers, data centers, and enterprises through on-demand connectivity. The latest broker commentary tied that platform to record Network and Compute growth, showing why those segments remain central to the equity story.

Stock level

Megaport stock traded at A$16.60 on August 31, 2026, after a 1.5% decline. The same session left Citi's target at A$22.10 and Morgans' target at A$25.00 above the market price.

Company

Company: Megaport Ltd

ISIN: AU000000MP15

Ticker: MP1

Exchange: ASX

Sector / Industry: Information Technology / Software Infrastructure

Index membership: S&P/ASX 200

Price (as of August 31, 2026): A$16.60

Market cap: A$3.0 billion

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