Ord Minnett keeps AUD 10.90 target for Qantas stock

Published on 10/15/2026 at 20:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Fiscal 2026 revenue reached AUD 25.50 billion, up 7.10 percent. Qantas stock costs EUR 5.09 on October 15, 2026, up 1.19 percent on ASX.

Analyst view and key dates

Ord Minnett maintained an AUD 10.90 target on October 12, 2026.
Fiscal 2026 revenue reached AUD 25.50 billion, up 7.10 percent.
Qantas stock costs EUR 5.09 at Lang & Schwarz on October 15, 2026 at 8:00 p.m. CEST, up 1.19 percent on the day on ASX.
Qantas will hold its annual general meeting on November 6, 2026.

Qantas, AU000000QAN2, Illustration mit AI erstellt.

Ord Minnett maintained a Buy rating and an AUD 10.90 price target for Qantas Airways Limited on October 12, 2026, according to Markets Insider. The target stood 31.96 percent above the ASX price of AUD 8.26 on October 15, 2026. Qantas stock was trading at EUR 5.09 at Lang & Schwarz on October 15, 2026 at 8:00 p.m. CEST, up 1.19 percent on the day on ASX.

Target distance is material

The Ord Minnett target sits above the one-year high of AUD 11.09 only if the stock rises beyond its recent range. The current ASX price of AUD 8.26 was 25.52 percent below that high and 2.87 percent above the one-year low of AUD 8.03 on October 15, 2026.

Fiscal 2026 revenue grew

Qantas reported fiscal 2026 revenue of AUD 25.50 billion, an increase of 7.10 percent from fiscal 2025, while net income reached AUD 1.29 billion, down 20.00 percent. These figures and the June 30, 2026 reporting period were published by Simply Wall St. The revenue increase therefore contrasts with the decline in reported profit.

Valuation and next date

Qantas had a market capitalization of AUD 12.5 billion, a price-to-earnings ratio of 9.72 and a dividend yield of 5.00 percent as of October 15, 2026. The company has scheduled its annual general meeting for November 6, 2026, according to Qantas.

Comparison with peers

Qantas (ASX, AUD): plus 1.10 percent, P/E 9.72, market capitalization AUD 12.5 billion.
Air New Zealand (NZX, NZD): unchanged, P/E minus 5.14, market capitalization NZD 1.2 billion.
Singapore Airlines (SGX, SGD): minus 0.76 percent, P/E 22.14, market capitalization SGD 20.4 billion.

Price position after the close

The current euro quotation places Qantas alongside a mixed airline comparison. The ASX session price of AUD 8.26 remained below the one-year high of AUD 11.09, while the valuation multiple was lower than Singapore Airlines at 22.14.

Qantas was trading at EUR 5.09 at Lang & Schwarz on October 15, 2026 at 8:00 p.m. CEST, up 1.19 percent on the day on ASX. The further course of trading is shown by the continuously updated real-time quote of Qantas stock.