Adani Ports Receives 28% Target Price Hike from Cantor Fitzgerald
Adani Ports has received a 28% target price hike from Cantor Fitzgerald as the brokerage initiates coverage on the company. Cantor Fitzgerald has highlighted Adani Port’s strong positioning to take advantage of India’s developing trade infrastructure, solid financial track record, and expansion plans. The company has been rated ‘Overweight’ by the brokerage.
Financial Growth and Expansion Plans
Cantor Fitzgerald forecasts mid-teens growth in revenue, Ebitda, and cash flow for Adani Ports through fiscal year 2029. The company’s valuation is supported by its consistent growth over the past five years, with revenue, Ebitda, and operating cash flow growing at a 20% CAGR. There are expectations of a potential special dividend in fiscal year 2027 due to strong free cash flow generation and low net leverage.
Sustainable Business Practices
Adani Ports has made a steel slag road in Hazira as part of its push for sustainable reuse of industrial waste. The company aims to double its port capacity to 1 billion Metric Million Tons by 2030 and is well-supported by government policies focused on infrastructure development.
With a growing market share and expansion plans, Adani Ports is poised for significant growth in the coming years. The company’s strategic coastal locations, diversified cargo mix, and global presence are expected to reduce business cyclicality and drive revenue growth.
Cantor Fitzgerald has provided a preview of Adani Ports’ first-quarter fiscal year 2026 earnings, expecting a rise in operating revenues and Ebitda. The company’s growth in container volumes signals positive performance ahead.
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