Superloop (ASX:SLC) is better positioned to outperform Aussie Broadband (ASX:ABB) despite industry-wide pressure from Telstra Group's (ASX:TLS) aggressive moves, as it may exceed the market's lowered earnings expectations amid already contracted valuations, Jarden said in a Thursday note.

Jarden sees Superloop well-positioned to drive subscriber growth and maintain a favorable outlook, supported by limited exposure to Telstra and strong performance in its Smart Communities segment through both organic wins and recent acquisitions.

It added that Aussie Broadband faces growth headwinds, as a large existing customer base and Telstra's entry into the bring-your-own segment limit new subscribers, while its Symbio unit faces regulatory-mandated voice rate cuts.

Jarden noted that while both challengers face headwinds, Superloop's risk and reward profile is more favorable, potentially driving greater upside on results day.

The investment firm maintained its buy rating on Superloop while lowering the price target to AU$3.25 from AU$3.40, and downgraded Aussie Broadband to neutral from overweight with a reduced price target of AU$5.25 from AU$5.80.