Citi upgrades Australia's Computershare to 'buy' on positive U.S. deal activity outlook

Computershare

13/01/2026 23:12

** Share registry software services provider Computershare CPU.AX rises 0.6% to A$34.15

** Citi lifts co's rating to "buy" from "neutral"

** Brokerage says CPU is "positively exposed" to a pick-up in M&A, IPO and debt issuance activity in FY26, especially in the U.S.

** Citi sees upside risk to CPU's FY26 EPS growth forecast of 4%, sees potential for further activity lift to provide a FY27 EPS upgrade

** Says FX could be a partial offset for CPU, noting the view that A$ will continue to rally against US$ and therefore trims price target to A$39.60 from A$40.40

** One of 11 analysts rate the stock "buy" or higher, five "hold" and five "sell"; their median PT is A$39.70 – LSEG data

** Stock rose 0.6% in 2025

 (Reporting by Aamir Sheik Khalid in Bengaluru)

 ((Aamir.SheikKhalid@thomsonreuters.com))