Medibank rises; Jefferies ups PT, expects fiscal 2026 guidance to be met

Medibank Private

06/05/2026 04:35

Updates

**  Shares of Medibank Private MPL.AX rises as much as 1.9% to A$4.74, set for its best session since April 29

** Jefferies raises price target for MPL 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 – data compiled by LSEG

** Stock down 2.5% YTD, including the day's moves

(Reporting by Anjali Singh and Sneha Kumar in Bengaluru)

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