Jefferies ups PT for Australia's Medibank, expects it to meet fiscal 2026 guidance

Medibank Private

05/05/2026 19:34

** Jefferies raises price target for Australia's Medibank Private MPL.AX to A$5.15 from A$4.90 as it likes the health insurer's domestic focus despite affordability and inflation headwinds

** Brokerage sees Medibank to meet co's FY26 outlook, especially given policyholder growth is typically highest in Q4

** Co reaffirms FY26 outlook on Tuesday and says resident business recorded policyholder growth of 22.4k in the 9 months to 31 March, up 25% from last year

** Average rating of 10 analysts "hold"; their median PT is A$5.10 – according to data compiled by LSEG

** Stock down ~3% YTD

 (Reporting by Sneha Kumar in Bengaluru)

 ((Sneha.kumar@thomsonreuters.com;))