Mirvac stock gets Macquarie target of AUD 2.20

Mirvac stock (ISIN AU000000MGR9) carries a Macquarie price target of AUD 2.20 after a 2 percent cut announced on October 1, 2026, according to TradingView. The target sits 22.91 percent above the ASX close of AUD 1.79 on October 6, 2026.

FY26 margin recovery stands out

Mirvac's FY26 residential gross margin recovered to 23.9 percent from 14.9 percent in FY25, a 9 percentage point improvement, according to Land.com.au. The same FY26 review said unconditional exchanges reached 2,425, up 15 percent from 2,100 in FY25, while residential pre-sales stood at AUD 1.5 billion.

Revenue reached AUD 2.98 billion in FY26, up 12 percent from FY25, while net income was AUD 677 million, according to the FY26 results figures cited by Land.com.au. Operating earnings per security grew 7 percent, and FY27 guidance called for 13.2 to 13.4 cents per security.

Consensus remains above the market

An analyst consensus page from Investing.com lists a Buy consensus from 11 analysts, including 8 Buy ratings and 3 Holds. The average 12-month target is AUD 2.12, with a high of AUD 2.5 and a low of AUD 1.89, placing the average 18.44 percent above the October 6 close.

The contrast between the AUD 2.20 Macquarie target and the AUD 2.12 consensus average gives investors two reference points for the recovery story. Mirvac's residential margin is improving, but FY27 delivery still depends on converting demand into settlements while financing costs remain material.

Mirvac stock stays below its yearly high

Mirvac stock closed at AUD 1.79 on the ASX on October 6, 2026. Market capitalization stood at AUD 7.1 billion as of October 7, 2026, while the session volume was 14,636,524 shares.

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