Jefferies upgrades rating on Australia's HUB24, raises earnings view
21/07/2026 19:10
BUZZ-Jefferies upgrades rating on Australia's HUB24, raises earnings view ** Jefferies upgrades rating on investment platform operator HUB24 HUB.AX to "buy" from "hold"
** Raises FY26 and FY27 EPS estimates by 2% each, keeps price target unchanged at A$94
** Company 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
** 13 of 16 analysts rate the stock "buy" or higher and 3 "hold"; median PT is A$99.5 – LSEG data
** Shares down 15.5% YTD
($1 = 1.4278 Australian dollars)
(Reporting by Jasmeen Ara Shaikh in Bengaluru)
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