Buy, hold, sell: Goodman, Megaport, and New Hope shares

Do you have spare capital and are wondering where to invest it?

Well, let’s see if analysts believe the popular ASX shares in this article are worthy of your hard-earned money.

Here’s what they are saying about them:

Goodman Group (ASX: GMG)

Morgans was relatively pleased with Goodman’s third-quarter update.

It appears to believe the update demonstrates the company’s strong position in the rapidly growing data centre (DC) market. The broker said:

GMG’s 3Q26 update reinforced a deliberate strategy: deploy balance-sheet capital ahead of customer commitments to win the race for power-enabled metro data centre (DC) capacity. WIP is set to step from $14.5bn at Mar-26 to a record c.$18bn by Jun-26 (Consensus $17.7bn), with the power bank lifted to 6.4GW.

Operationally the update was mixed, with pre-committed share, production rate and Yield On Cost (YOC) all relatively flat hoh. The structurally important note was management’s view that industry DC capex requirements likely exceed global capital market funding capacity, a backdrop that favours those with secured power, sites and locked-in capital partners.

Morgans has put a buy rating and $36.00 price target on Goodman’s shares.

Megaport Ltd (ASX: MP1)

Ord Minnett has responded positively to news that this network-as-a-service company’s Latitude business has won three major contracts. It said:

Ord Minnett’s forecasts for revenue, operating earnings (EBITDA) and EPS for FY26 are unchanged, although capital expenditure assumptions have increased to reflect infrastructure required for the new contracts. Our EBITDA forecasts for FY27 and FY28, however, have been raised by 29% and 34%, respectively, while our EPS estimates have increased by 29% and 55% for FY27 and FY28, respectively. In turn, this has driven an increase in our Megaport target price to $14.50 from $12.00. ‍

Megaport has indicated a two‑year EBITDA payback on capital expenditure of US$101 million for the new contracts, implying EBITDA of circa US$50 million per annum, or an EBITDA margin of 75% at maturity.

Ord Minnett has an accumulate rating and $14.50 price target on Megaport’s shares.

New Hope Corporation Ltd (ASX: NHC)

This coal miner delivered a strong quarterly update this month, with production and sales comfortably ahead of expectations.

However, it wasn’t quite enough for Bell Potter to give New Hope shares an upgrade. It said:

We retain a Hold recommendation and apply a 10% premium to our sum of the parts valuation with energy security concerns exacerbated by recent geopolitical issues. NHC’s low-cost operations will continue to underpin margins through the coal price cycle, funding capital expenditure commitments and supporting shareholder returns. Beyond ramp-up of New Acland Stage 3, we see a limited organic production growth pipeline and believe NHC may participate in industry consolidation.

Bell Potter has a hold rating and $5.00 price target on its shares.

The post Buy, hold, sell: Goodman, Megaport, and New Hope shares appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has positions in Goodman Group and Megaport. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Goodman Group and Megaport. The Motley Fool Australia has recommended Goodman Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.