Morgans sets AUD 3.06 target for Corporate Travel stock

Published on 10/13/2026 at 05:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

FY26 underlying EBITDA was forecast at AUD 113.60 million after AUD 83.60 million in FY25. For Corporate Travel stock, refunds total AUD 246.00 million.

Key points in brief

Morgans resumed coverage with an AUD 3.06 12-month price target on September 14, 2026.
Corporate Travel reported AUD 9.6 billion of FY2025 transaction volume and 97 percent client retention into FY2026.
The company expects AUD 246.0 million of customer refunds and AUD 113.6 million of FY2026 underlying EBITDA.
Corporate Travel trades on the Australian Securities Exchange under ticker CTD.

Corporate Travel, AU000000CTD3, Illustration mit AI erstellt.

Corporate Travel Management Limited is covered by Morgans with an AUD 3.06 12-month price target, a move reported by Motley Fool Australia on September 14, 2026. The target followed the company's audited fiscal 2025 and fiscal 2026 figures and its return to trading on September 3.

Three events reset the story

On August 27, 2026, Corporate Travel reported fiscal 2025 transaction volume of AUD 9.6 billion, up from AUD 9.1 billion in fiscal 2024, while underlying EBITDA was AUD 83.60 million and fiscal 2026 underlying EBITDA was forecast at AUD 113.60 million, according to Yahoo Finance.

On September 14, 2026, Motley Fool Australia reported Morgans' AUD 3.06 target and the planned AUD 246.00 million of customer refunds by September 30, 2027. On September 15, 2026, Corporate Travel secured U.K. government contract extensions, while its shares fell 3 percent, according to MarketScreener.

What does the turnaround require

The operating comparison is the central point. Corporate Travel's fiscal 2026 underlying EBITDA forecast of AUD 113.60 million was 35.89 percent above the AUD 83.60 million recorded for fiscal 2025, based on the earnings-call figures reported by Yahoo Finance. Client retention reached 97 percent into fiscal 2026, while new business wins totaled AUD 669.00 million.

The counterweight is the remediation bill. The AUD 246.00 million refund program and a new AUD 175.00 million debt facility place execution and balance-sheet management alongside growth in the investment case, according to Motley Fool Australia.

Next reporting date is December 2

Investing.com lists December 2, 2026 as Corporate Travel's next earnings date. The company has also indicated that fiscal 2027 guidance will be updated at its annual meeting in November.

Market value and listing

Corporate Travel's market capitalization stood at AUD 346.8 million on October 13, 2026. The company operates across corporate, events, leisure, loyalty and wholesale travel services, and its investor materials identify the Australian Securities Exchange as its listing venue.