Business · Markets · 3 hrs ago
Morgans sees 58.6% potential upside for MotorCycle Holdings shares
MotorCycle Holdings sells motorcycles, other recreational vehicles, parts and accessories in Australia and New Zealand.
The company reported record revenue of $788.7 million and net profit of $24.1 million for FY2026.
It also ended June with $13 million in net cash, having had net debt of $9 million a year earlier.
Morgans, a broker, issued a buy recommendation after the company’s investor day.
Its $4.30 share price target is 58.6% above the reported current price of $2.71, but that is a forecast, not a guaranteed return.
The company has set a target of $1.2 billion in revenue by FY2031, which would mean annual sales growth of 8% over five years.
Morgans sees potential for growth in wholesale, retail and data operations.
Morgans has a buy recommendation on MotorCycle Holdings and a share price target of $4.30.
The target is 58.6% above the share price of $2.71 cited in the report.
The broker said an investor day highlighted growth opportunities in wholesale, retail and data.
MotorCycle Holdings reported record revenue of $788.7 million and net profit of $24.1 million for the last financial year.
The company set a revenue target of $1.2 billion for FY31.
- Who
- Morgans issued a buy recommendation and price target for MotorCycle Holdings Ltd.
- What
- The broker set a $4.30 target, implying 58.6% upside from a cited share price of $2.71.
- When
- The report was published on 12 October 2026; the investor day was described as recent.
- Where
- MotorCycle Holdings is listed on the ASX and operates across Australia and New Zealand.
- Why
- Morgans sees growth potential in wholesale, retail and data, and said the investor day clarified the company's growth trajectory.
This story does not have two clearly opposing sides.
an exceptional year of growth and strategic advancement for MotorCycle Holdings
We think the market overlooks MTO's wholesale business, which has meaningful growth levers across product, categories and partnerships.
MotorCycle Holdings reported record revenue of $788.7 million and net profit of $24.1 million.
The acquisition of select business assets of the Peter Stevens Group was completed.
Motley Fool AU published a report on Morgans' recommendation and price target.
- Share price target
- $4.30
- Cited share price
- $2.71
- Implied potential return
- 58.6%
- Last financial year's revenue
- $788.7 million, up 21.3%
- FY31 revenue target
- $1.2 billion
Sources
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