Buy, hold, sell: Orica, Bank of Queensland, Megaport shares
S&P/ASX 200 Index (ASX: XJO) shares are down 0.6% to 8,677.3 points on Thursday.
Among the 11 market sectors of the ASX 200, consumer staples is in the lead today, up 1.3%.
The materials and mining sector is the laggard, down 1.6%.
Morgans has released some new notes and ratings for investors to consider.
Let's take a look.
Megaport Ltd (ASX: MP1)
The Megaport share price is $19.76, down 6.2% today and up 33% over 12 months.
Morgans has a buy rating and 12-month price target of $27 on this ASX 200 tech share.
This implies a potential 37% upside ahead.
The broker said:
MP1 recently raised its FY27 EBITDA guidance by 25%.
The compute and network businesses continue to deliver above expectations and MP1 announced three new AI infrastructure contracts with a Total Contract Value of ~A$1bn.
Collectively these set a glide path for annualised EBITDA in excess of $850m.
We upgrade our EPS forecasts materially. Our Target Price lifts to A$27 per share and we retain our BUY recommendation.
Bank of Queensland Ltd (ASX: BOQ)
The Bank of Queensland share price is $6.40, up 0.4% today and down 12% over 12 months.
Morgans has a hold rating and 12-month price target of $6.40 on this ASX 200 financial share.
This suggests the bank stock is fully valued.
The broker said:
We expect a mid-single digit decline in 2H26 earnings (ex notable costs).
Target price reduced to $6.40/sh, as the outlook for ROTE improvement moderates.
At current prices, total potential TSR is c.4.6% (including c.6.3% cash yield).
Hence, we moderate our BOQ rating from ACCUMULATE to HOLD.
Orica Ltd (ASX: ORI)
The Orica share price is $22.85, down 1.9% today and up 7% over 12 months.
Morgans has an accumulate rating and 12-month price target of $26.52 on this ASX 200 materials share.
This implies a potential 16% upside ahead.
The broker said:
ORI has updated the market on its US AN sourcing, non-core land sale, recent acquisitions, cost out program and FY26 business performance. The important point is that the broader business continues to perform strongly, in line with its expectations.
ORI will report its FY26 result on 12 November.
We have trimmed our FY27 NPAT forecast by 3.6% reflecting increased AN sourcing costs in the US, more gradual recovery in Indonesia coal production, plant turnarounds and higher interest costs given the Deer Park sale isn't going through.
We move to an ACCUMULATE rating with a revised price target of A$26.52.
The post Buy, hold, sell: Orica, Bank of Queensland, Megaport shares appeared first on The Motley Fool Australia.
Motley Fool contributor Bronwyn Allen has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Megaport. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
The Motley Fool's purpose is to help the world invest, better. Click here now for your free subscription to Take Stock, The Motley Fool's free investing newsletter. Packed with stock ideas and investing advice, it is essential reading for anyone looking to build and grow their wealth in the years ahead. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson. 2026