OOH!MEDIA LIMITED (OML)
Share Price Analysis and Chart

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15/05/2026

1

Overweight

$1.55

15.24%

Morgan Stanley notes oOh!media has received two indicative takeover offers from private equity at $1.40-$1.45 per share, which the board has rejected as undervaluing the business.

The broker views the bids as opportunistic, given recent cyclical weakness and company-specific issues that have weighed on the share price.

While acknowledging the near-term challenges, the analysts see oOh!media as a structurally sound growth business and expect the shares could exceed $1.45 on a standalone basis over the medium term.

Morgan Stanley retains an Overweight rating and $1.55 target. Industry view: Attractive.

FORECAST
Morgan Stanley forecasts a full year FY26 dividend of 5.90 cents and EPS of 11.80 cents.
Morgan Stanley forecasts a full year FY27 dividend of 6.90 cents and EPS of 13.70 cents.

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25/05/2026

1

Buy

$1.85

37.55%

Canaccord Genuity retains a Buy rating for oOh!media with its target price increased to $1.85 from $1.55 following an annual general meeting update.

First-quarter FY26 revenue grew by 4% year-on-year, with the Australian operations delivering 7% growth to match broader industry benchmarks.

Commentary highlights gross margins remain under near-term pressure due to softness within the high-margin billboards segment, reflecting new market entrants and a challenging broader advertising environment.

Proactive cost reductions, including the formal exit from a retail media investment, are guided to deliver $12m in pre-tax savings by FY27 and keep operating earnings forecasts unchanged.

The broker highlights an upward re-rating among international peers as the primary driver for the valuation uplift, alongside ongoing corporate appeal amid recent industry consolidation.