Bell Potter cuts target to AUD 26.00 for Megaport stock

Published on 10/20/2026 at 03:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Megaport lifted FY27 guidance to AUD 720 million to AUD 810 million. Megaport stock enters October 29 results after a AUD 39.00 million fiscal 2026 loss.

Investor timetable and valuation

Bell Potter reduced its Megaport target from AUD 27.00 to AUD 26.00 on October 15, 2026.
Fiscal 2027 revenue guidance stands at AUD 720 million to AUD 810 million.
Megaport stock was last at AUD 15.20 on October 20, 2026 at 11:43 a.m. AEDT on ASX.
The next quarterly update is scheduled for October 29, 2026.

Megaport, AU000000MP15, Illustration mit AI erstellt.

Megaport (AU000000MP15) enters October 20, 2026 with Bell Potter's AUD 26.00 price target after the broker cut it from AUD 27.00 on October 15, 2026, as reported by The Motley Fool Australia. The revised target keeps the analyst view constructive while acknowledging a lower valuation multiple.

AI contracts reset the outlook

Megaport's late-September announcement covered three AI infrastructure contracts worth AUD 978.60 million in total and lifted fiscal 2027 revenue guidance to AUD 720 million to AUD 810 million from AUD 620 million to AUD 730 million. FNArena also reported that the company raised its fiscal 2027 EBITDA margin guidance to 42 percent to 44 percent from 38 percent to 40 percent.

Three milestones shape the story

On August 20, 2026, Megaport reported fiscal 2026 revenue of AUD 312.20 million, up 38 percent from the prior year, while its statutory net loss reached AUD 39.00 million, according to Simply Wall St. On September 28, 2026, Megaport said its unit had secured the three AI contracts and raised its forecast, a development reported by Reuters. On October 15, 2026, Bell Potter cut its target from AUD 27.00 to AUD 26.00 while retaining its Buy rating, according to The Motley Fool Australia.

Which dates matter next?

Megaport's next quarterly earnings report is expected on October 29, 2026, according to International Business Times Australia. The company also plans to report first-half fiscal 2027 results on February 18, 2027, as listed by Simply Wall St.

What does the target cut change?

At AUD 15.20, Bell Potter's AUD 26.00 target is 71.05 percent above the ASX price. The key tension is visible in the fiscal 2026 figures: revenue grew 38 percent, but the statutory loss widened to AUD 39.00 million from AUD 0.30 million. The AI contracts may accelerate recurring revenue, yet the capital required to deliver them makes the October update important for investors.

Megaport stock price and valuation

Megaport was last at AUD 15.20 on October 20, 2026 at 11:43 a.m. AEDT on the ASX. The quote stood within the AUD 5.96 to AUD 23.20 52-week range, while the market capitalization was AUD 3.7 billion.