Jefferies raises PT on Australia's Hub24 after funds under administration rise

Hub24

20/01/2026 21:04

** Jefferies raises prices target on Hub24 HUB.AX to A$99.50 from A$98.40; upgrades rating to "hold" from "underperform"

** Data solutions provider on Tuesday reported total funds under administration (FUA) of A$152.3 billion ($102.53 billion) as of December-end, up 26% from prior corresponding period

** Also reports record quarterly Platform net inflows of A$5.6 billion

** 8 of 16 analysts rate the stock "buy" or higher, 8 "hold"; their median PT is A$110.6 – according to data compiled by LSEG

** Stock up 38.3% in 2025

($1 = 1.4854 Australian dollars)

 (Reporting by Jasmeen Ara Shaikh in Bengaluru)

 ((Jasmeenaraislam.Shaikh@thomsonreuters.com;))