Morgan Stanley sets AUD 9.95 target for Paladin Energy stock

Morgan Stanley maintained a Buy rating and set an AUD 9.95 price target for Paladin Energy on October 19, 2026, according to Business Insider. Paladin's ASX price was AUD 6.88 on October 23, 2026, putting the stock 30.85 percent below that target. At Lang & Schwarz, it was EUR 4.34 on October 24, 2026 at 1:04 p.m. CEST, up 0.93 percent versus the Tradegate close of October 23, 2026 at EUR 4.30.

Fiscal 2026 revenue sets the base

Paladin reported fiscal 2026 revenue of USD 304.30 million, up 71.00 percent from fiscal 2025, while net income reached USD 5.34 million after a loss in the prior year. The figures were reported in the company's fiscal 2026 results and summarized by Simply Wall St.

The same report put fiscal 2026 earnings per share at USD 0.012, compared with a USD 0.13 loss in fiscal 2025. Net profit margin was 1.75 percent, giving investors a concrete profitability measure alongside the revenue increase.

Price position remains below the target

The euro quotation is only 0.93 percent above the Tradegate close, so the daily move is smaller than the analyst valuation gap. The primary ASX quotation stood at AUD 6.88 on October 23, 2026, down 5.23 percent over five trading days, according to MarketScreener.

What dates shape the next update?

Paladin's annual meeting is scheduled for November 17, 2026, according to Simply Wall St. The meeting date gives the next fixed corporate event, while the fiscal 2026 figures provide the latest reported operating baseline.

Valuation beside the uranium cycle

Paladin Energy operates uranium assets in Australia, Canada and Namibia, with the Langer Heinrich mine in Namibia as a central operating asset. Its market capitalization was USD 2.2 billion as of October 23, 2026, and its trailing price-to-earnings ratio was 406.89. Cameco, a larger uranium producer, had a USD 34.2 billion market capitalization and a price-to-earnings ratio of 134.70 on October 23, 2026. The comparison highlights how Paladin's newly positive earnings base remains small relative to its equity valuation.

Trading level and next steps

The immediate investor discussion therefore combines a sharply higher fiscal 2026 revenue base with a wide gap between the AUD 6.88 ASX quotation and Morgan Stanley's AUD 9.95 target. The next scheduled corporate date is the November 17, 2026 annual meeting.

Paladin Energy was trading at EUR 4.34 at Lang & Schwarz on October 24, 2026 at 1:04 p.m. CEST, 0.93 percent above the Tradegate close of October 23, 2026 at EUR 4.30. The further course of trading is shown by the continuously updated real-time quote of Paladin stock.

Market context: Market report S&P ASX 200.

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