The All Ordinaries Index (ASX: XAO) has gained a respectable 9.76% over the past 12 months, but this ASX All Ords stock has left those gains wanting.
The surging stock in question is Superloop Ltd (ASX: SLC).
Shares in the telecommunications infrastructure company closed up 1% on Tuesday, trading for $3.04 apiece. This sees the Superloop share price up a whopping 95.50% since this time last year.
Or enough to turn a $5,000 investment into $9,775.
In just one year.
And, according to the analysts at Macquarie Group Ltd (ASX: MQG), the ASX All Ords stock could keep marching higher in FY 2026.
Why Macquarie expects the ASX All Ords stock to outperform
Superloop shares closed up 1.0% on Monday on the back of a full-year earnings upgrade announcement for the financial year ending 30 June (FY 2025).
The ASX All Ords stock increased its underlying earnings before interest, taxes, depreciation and amortisation (EBITDA) guidance for FY 2025 to be at or above $91 million. The previous full-year EBITDA guidance, released in August, forecast earnings of between $83 million to $88 million.
At $91 million, Superloop's FY 2025 underlying EBITDA will be up 67% year on year.
Later on Monday, Macquarie released an updated research report on the ASX All Ords stock, after first initiating coverage on the company on Friday.
Macquarie noted:
On Friday, we initiated on SLC with an Outperform rating in a detailed report.
Key elements of our thesis were: 1) Customer growth in Consumer ahead of NBN Speed Bestowal Event (Sep-25), will drive capital-light, market share growth, 2) Customer growth on the Origin contract suggests immediate upside to VA Consensus estimates from FY26 onwards, 3) Capital-light customer growth in Consumer will allow for investment in further diversifying SLC's offering.
In our view, SLC's different verticals (Business, Wholesale) will drive earnings growth after customer churn & market share growth in Consumer NBN slows (FY28+).
Following Monday's earnings guidance upgrade, Macquarie maintained its outperform rating on Superloop shares. And the broker raised its 12-month target price to $3.30 a share, up from the previous $3.25 a share.
That represents a potential upside of around 9% from yesterday's closing price.
"A recent broadening of SLC's investor base, given inclusion into MSCI (May-25), and potential future ASX 200 inclusion, could be a further tailwind," Macquarie said.
The broker added that Monday's "muted share price response (+1%) shows a positive FY25 result was already largely priced-in by the market" for this fast-rising ASX All Ords stock.
