Business · Markets · 1 day ago
Brokers keep buy ratings on three Australian-listed shares
Australian brokers Morgans and Bell Potter have kept buy ratings on shares in Deterra Royalties, Megaport and Mesoblast.
Deterra, a mining royalties company, is acquiring a royalty on most of Ivanhoe Electric’s Santa Cruz copper project for US$74.15 million in cash.
Morgans estimates the royalty could add about 7% to Deterra’s earnings and values it at A$110 million.
Megaport provides cloud infrastructure services, and Morgans raised its price target after the company increased its FY 2027 EBITDA guidance by 25%.
The broker also cited three new AI infrastructure contracts with a combined value of about A$1 billion.
Bell Potter kept its buy rating and price target for biotechnology company Mesoblast, expecting its revenues to exceed US$200 million in FY 2027 and saying further clinical wins could attract more investor attention over the coming year.
Morgans retained buy ratings on Deterra Royalties and Megaport, while Bell Potter retained its buy rating on Mesoblast.
Morgans set a $4.75 price target for Deterra after the company announced a royalty acquisition tied to a copper project.
Morgans raised its Megaport price target to $27 after the company lifted its FY 2027 EBITDA guidance by 25%.
Bell Potter kept its $4.45 price target for Mesoblast, citing the company’s clinical progress and expected revenue.
The article was published on October 10, 2026.
- Who
- Morgans and Bell Potter analysts.
- What
- The brokers retained buy ratings on Deterra Royalties, Megaport and Mesoblast; Morgans raised its Megaport price target.
- When
- The article was published on October 10, 2026. The broker notes were released during the preceding week.
- Where
- The shares are listed on the Australian Securities Exchange.
- Why
- The brokers cited factors including a royalty acquisition, improved Megaport guidance and contract wins, and Mesoblast’s clinical progress and expected revenue.
This story does not have two clearly opposing sides.
No direct quotes in the coverage so far.
This story does not have a timeline yet.
- Deterra Royalties price target
- $4.75, retained by Morgans
- Deterra royalty acquisition
- Royalty on about 84% of Ivanhoe Electric’s Santa Cruz copper project for US$74.15 million in cash
- Megaport price target
- $27.00, raised by Morgans
- Megaport FY 2027 EBITDA guidance
- Lifted by 25%
- Mesoblast price target
- $4.45, retained by Bell Potter
Sources
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