AIRTASKER LIMITED (ART)
Share Price Analysis and Chart

02/03/2026

1

Buy

$0.51

112.50%

Airtasker posted a first half result that pleased Morgans, amid EBITDA growth of 11% in established marketplaces. The Australian arm produced revenue of $23.1m with management confirming it is on track to deliver double-digit revenue growth on a full-year basis.

Australia may be generating cash but the international opportunity remains the market's focus, the broker points out, with the business appearing to be performing strongly as it builds scale.

Volatile market conditions exist but Morgans is attracted to the growth opportunity and retains a Buy rating. Target edges down to $0.51 from $0.55.

FORECAST
Morgans forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -9.30 cents.
Morgans forecasts a full year FY27 dividend of 0.00 cents and EPS of minus -1.00 cents.

10/03/2026

-1

No Rating

112.50%

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.