Australia's HUB24 climbs after Jefferies upgrades to 'buy'

HUB24

22/07/2026 02:42

Updates
** Shares of HUB24 HUB.AX gain as much as 5.6% to A$85.890, posting their biggest intraday jump since July 3
** Jefferies upgrades rating on investment platform operator to "buy" from "hold"
** Raises FY26 and FY27 EPS estimates by 2% each, keeps price target unchanged at A$94
** HUB24 reports FY26 platform net inflows of A$18.9 billion  ($13.24 billion), up 20% on pcp (previous comparable period) excluding large migrations
** HUB's selloff is unwarranted, with its prospects in attracting an improving share of net inflows intact - Jefferies
** Thirteen of 16 analysts rate the stock "buy" or higher and three "hold"; median PT is A$99.5 – LSEG data
** Shares down 11.5% YTD
($1 = 1.4276 Australian dollars)

 (Reporting by Jasmeen Ara Shaikh in Bengaluru)
 ((Jasmeenaraislam.Shaikh@thomsonreuters.com;))