Australia's Jumbo Interactive set for best week since mid-Oct 2025; Morningstar says stock undervalued

Lottery

10/07/2026 05:36

** Shares of Jumbo Interactive JIN.AX rise as much as 3.6% to A$7.44, their highest level since June 23
** Stock gains around 11% for the week, set for its best weekly performance since mid-October 2025
** Morningstar says digital lottery specialist's shares are undervalued amid a weak run in jackpot activity that has weighed on lottery retailing; JIN is down ~38% YTD
** Investment research firm also said Jumbo's client base is skewed to jackpot games, and while jackpot sequences can fluctuate, underlying long-term growth remains steady
** Separately, Citi flags concerns over the risk to JIN's reseller agreement with The Lottery Corp TLC.AX, which expires in 2030, given TLC's renewed digital focus
** Morningstar raises fair value estimate on JIN to A$10 per share from A$9.50, while Citi maintains "neutral" and keeps PT of A$8.30 unchanged


 (Reporting by Anjali Singh in Bengaluru)
 ((anjali.singh2@thomsonreuters.com;))