Brokerages raise PT on Australia's Hub24; stock falls

Hub24

16/07/2025 02:12

Updates

** Jefferies, Bell Potter raise PT on investment services co Hub24 HUB.AX

** Co reports record Q4 net inflows and 34% jump in platform funds under administration

** Jefferies raises PT to A$84.00 from A$80.00; downgrades to "underperform" from "hold"

** But says co's risk-reward profile "no longer compelling", highlights shares trading ~16% above PT

** Bell Potter raises PT to A$115 from A$100; reiterates "buy"

** Raises FY26 net flow forecasts to A$14.6 billion ($9.52 billion), aligning with upper end of guidance range of

A$11 bln-A$15 bln

** Stock rated "hold" on avg; their median PT is A$84.00, per LSEG-compiled data

** HUB pulls back from record high hit on Tuesday on suspected profit booking, falls 1.1% to A$99.47

** YTD, stock gains 43%

($1 = A$1.5342)

 (Reporting by Nichiket Sunil and Jasmeen Ara Shaikh in Bengaluru)

 ((Nichiket.Sunil@thomsonreuters.com;
Jasmeenaraislam.shaikh@thomsonreuters.com))