- Wasabi Technologies recently announced a partnership with Megaport Limited to power the cloud object storage layer of Megaport Storage, extending secure, scalable storage capabilities for enterprise and AI workloads.
- This collaboration effectively deepens Megaport’s role in neocloud infrastructure by combining high-speed private connectivity with predictable-cost object storage across Wasabi’s global regions.
- We’ll now examine how integrating Wasabi’s object storage into Megaport Storage could influence Megaport’s AI-focused infrastructure expansion narrative.
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Megaport Investment Narrative Recap
To own Megaport, you need to believe its software defined network can stay relevant as enterprises shift more AI and data heavy workloads into multi cloud setups. The Wasabi partnership strengthens Megaport Storage but does not materially change the near term picture, where the key catalyst is execution on AI ready infrastructure and the biggest risk remains rising competition and potential commoditisation of interconnection and storage services.
The launch of Megaport Storage in June 2026 is the clearest recent announcement linked to this news, as Wasabi is effectively powering its object storage layer. Together, they show Megaport leaning into an integrated compute network storage stack tailored for AI use cases, which could support its revenue guidance upgrade to A$302 million to A$317 million if customer adoption matches expectations.
Yet against this upside, investors still need to think carefully about how rising competition and potential service commoditisation could...
Read the full narrative on Megaport (it's free!)
Megaport's narrative projects A$1.1 billion revenue and A$125.1 million earnings by 2029. This requires 64.1% yearly revenue growth and an A$145.3 million earnings increase from -A$20.2 million today.
Uncover how Megaport's forecasts yield a A$22.41 fair value, a 17% upside to its current price.
Exploring Other Perspectives
Some of the most optimistic analysts were already assuming Megaport could reach about A$1.3 billion of revenue and A$128.1 million of earnings, so this sort of AI aligned storage news might either reinforce that very bullish view or prompt you to reconsider whether such expectations and the linked competition and commoditisation risks still feel realistic.
Explore 5 other fair value estimates on Megaport - why the stock might be worth as much as 20% more than the current price!
Reach Your Own Conclusion
Don't just follow the ticker - dig into the data and build a conviction that's truly your own.
- A great starting point for your Megaport research is our analysis highlighting 1 key reward and 1 important warning sign that could impact your investment decision.
- Our free Megaport research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Megaport's overall financial health at a glance.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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