Ord Minnett keeps AUD 10.90 target for Qantas stock

Published on 10/20/2026 at 18:59 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Qantas revenue rose 7.10 percent in fiscal 2026. Qantas stock costs EUR 5.14 on October 20, 2026, down 0.27 percent versus Tradegate close.

Analyst target and reporting date

Ord Minnett maintained an AUD 10.90 target and Buy rating on October 12, 2026.
Qantas revenue increased 7.10 percent to AUD 25.52 billion in fiscal 2026.
Qantas stock costs EUR 5.14 at Lang & Schwarz on October 20, 2026 at 6:48 p.m. CEST, down 0.27 percent versus the Tradegate close.
Qantas will hold its annual 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 on October 12, 2026, according to Markets Insider. The target is 32.44 percent above the AUD 8.23 ASX price reported for October 20, 2026. Qantas stock was trading at EUR 5.14 at Lang & Schwarz on October 20, 2026 at 6:48 p.m. CEST, down 0.27 percent versus the Tradegate close of EUR 5.15 on October 20, 2026.

Revenue grew as profit weakened

Qantas reported fiscal 2026 revenue of AUD 25.52 billion, up 7.10 percent from the prior year. Underlying profit before tax fell 14.00 percent to AUD 2.06 billion, while fuel costs increased 14.00 percent to AUD 5.70 billion, Market Index reported on October 20, 2026.

How far is the stock from its high?

On the ASX, Qantas closed at AUD 8.23 on October 20, 2026, with a daily range of AUD 8.18 to AUD 8.26 and volume of 8,466,954 shares. Its 52-week range was AUD 8.03 to AUD 11.09, putting the closing price 25.79 percent below the high and 2.49 percent above the low. The market capitalization was AUD 12.5 billion.

Valuation and next corporate date

Qantas traded at a price-to-earnings ratio of 9.68 and carried a dividend yield of 0.05 percent on October 20, 2026. The company paid a final dividend on October 14, 2026, according to its investor calendar, and will hold its annual meeting on November 6, 2026, Qantas states.

Comparison with peers

Qantas: down 0.27 percent versus the Tradegate close, price-to-earnings ratio 9.68, market capitalization AUD 12.5 billion.

Air New Zealand (NZX, NZD): unchanged, market capitalization NZD 1.2 billion.

Singapore Airlines (Singapore Exchange, SGD): down 0.31 percent, market capitalization SGD 20.5 billion.

Price and investor reference

The AUD 10.90 target leaves Qantas exposed to fuel-cost pressure while the fiscal 2026 revenue increase provides a counterweight. The next dated shareholder event is the November 6, 2026 annual meeting.

Qantas stock was trading at EUR 5.14 at Lang & Schwarz on October 20, 2026 at 6:48 p.m. CEST, down 0.27 percent versus the Tradegate close of October 20, 2026 at EUR 5.15. The further course of trading is shown by the continuously updated real-time quote of Qantas stock.