Citi raises PT for Australia's Computershare, says tokenisation threat overstated
01/06/2026 24:58
BUZZ-Citi raises PT for Australia's Computershare, says tokenisation threat overstated ** Citi lifts target price for share registry software services provider Computershare CPU.AX to A$38.60, retains "buy"
** Brokerage says market's initial fears that tokenisation would displace transfer agents like CPU were materially overdone
** Citi identifies "some positives for CPU at least for now"
** Adds crypto exchanges and traditional transfer agents are increasingly teaming up rather than competing, suggesting hybrid model is more likely rather than displacing agents such as CPU
** Raises FY27/28 EPS estimates for co by 5%, FY26 estimates by 1% on rising U.S. interest rate expectations
** Brokerage says regulatory and legal hurdles remain high
** CPU up 1.3% this year
(Reporting by Rajasik Mukherjee in Bengaluru)
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