AIRTASKER LIMITED (ART)
Share Price Analysis and Chart

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09/04/2026

5

Underweight

$0.20

-18.37%

Morgan Stanley has lowered price targets by around -20% on average across its Australian software and internet coverage. Near-term EPS estimate cuts are relatively modest but more meaningful over the longer-term.

Changes reflect the rapid impact of AI models and coding tools in compressing development timelines for competing software, the analysts explain.

Commentary notes all is not lost, with new opportunities emerging through additional products and revenue streams. However, it's noted companies will need to pivot and accelerate AI adoption to capture this potential.

Further, recent share price sell-offs are seen as largely indiscriminate and fail to reflect the relative competitive positioning of individual  software and internet stocks.

The broker's highest conviction Overweight positions within the sector are the internet marketplaces REA Group and CAR Group, alongside software names WiseTech Global, Xero and TechnologyOne.

Among smaller software names, Hansen Technologies and Catapult Sports are preferred. 

The Underweight rating for Airtasker is maintained. Target is reduced to 20c from 23c. Industry View: Attractive.

FORECAST
Morgan Stanley forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -9.60 cents.
Morgan Stanley forecasts a full year FY27 dividend of 0.00 cents and EPS of minus -0.50 cents.

10/03/2026

-1

No Rating

-18.37%

Airtasker delivered revenue growth of 13.5% in the first half, largely in line with estimates. Research as a Service (RaaS) finds second half trends appear in keeping with the results, with management forecasting double-digit Australian revenue and increased cash flow generation as well as an accelerated trajectory in the US and UK.

Recent share price weakness is attributed to the AI disruption fears that are sweeping the market which the broker is less concerned about. Data ownership, trust and the physical work constraints are key arguments against disruption being caused by AI.

Valuation is $0.48, down from $0.51. Research as a Service (RaaS) research doesn't carry any targets, ratings or recommendations. Investors can draw conclusions from valuations and commentary.

FORECAST
Research as a Service (RaaS) forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -7.70 cents.
Research as a Service (RaaS) forecasts a full year FY27 dividend of 0.00 cents and EPS of 1.40 cents.