Morgans lifts target for Megaport stock to AUD 27.00

Published on 10/14/2026 at 02:08 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

FY27 revenue guidance rises to AUD 720 million to AUD 810 million. The market values Megaport stock at AUD 4.1 billion on October 14, 2026.

Megaport's expansion and valuation

Morgans lifted its Megaport target to AUD 27.00 on October 13, 2026.
Three AI contracts worth AUD 978.60 million lifted FY27 revenue guidance to AUD 720 million to AUD 810 million.
Megaport stock traded at AUD 17.53 on the ASX on October 14, 2026.
The next earnings report is expected on October 29, 2026.
The market capitalization was AUD 4.1 billion on October 14, 2026.

Megaport, AU000000MP15, Illustration mit AI erstellt.

Morgans lifted its target for Megaport stock to AUD 27.00 on October 13, 2026, while retaining its buy rating, Fool.com.au reported. The revised target follows Megaport's upgraded fiscal 2027 outlook and a major expansion of its artificial intelligence infrastructure business.

Three milestones changed the outlook

On August 20, 2026, Megaport reported fiscal 2026 revenue of AUD 312.20 million, up 37 percent from the prior year, and earnings before interest, taxes, depreciation and amortization of AUD 77.10 million, up 24 percent, according to Kapitales Research.

On September 29, 2026, Megaport secured three artificial intelligence infrastructure contracts worth AUD 978.60 million and raised fiscal 2027 revenue guidance from AUD 620 million to AUD 730 million to AUD 720 million to AUD 810 million, Reuters reported. The company also raised its fiscal 2027 capital expenditure forecast to AUD 1.78 billion to AUD 1.88 billion from AUD 1.28 billion to AUD 1.38 billion.

What must the contracts deliver?

The contracts are expected to add AUD 232.40 million in annual recurring revenue once fully deployed, while customer prepayments total AUD 322.60 million. SureStone Capital reported on September 29, 2026 that contract capital expenditure is AUD 500.30 million and that Compute annual recurring revenue reached AUD 201.40 million on September 22, 2026, up 90 percent from June 30, 2026, SureStone Capital said.

Next report expected October 29

Megaport's next earnings report is expected on October 29, 2026, according to International Business Times Australia. The date will put execution under scrutiny because the new contracts require substantial GPU, network and storage investment before their full revenue contribution arrives.

AUD 17.53 on the ASX

Megaport was trading at AUD 17.53 on the ASX on October 14, 2026 at 10:47 a.m. AEST. The market capitalization was AUD 4.1 billion, while the 52-week range was AUD 5.96 to AUD 23.20.