Citi lifts PT, earnings estimates on Australia's Netwealth

Netwealth

15/01/2024 22:33

** Analysts at Citi raise Price Target on Australia's
Netwealth Group  NWL.AX  to A$16.10 from A$13.45
    ** Upgrades stock rating to 'neutral' from 'sell'
    ** Lifts net profit after tax estimates for FY24-FY26 in the
range of 4% to 8%
    ** Brokerage sees potential upside to the small-cap wealth
manager's EBITDA margins 
    ** Six of 14 analysts rate the stock "buy" or higher, fur
"hold" and four "sell" or lower; their median PT is A$14.7 –
LSEG data
    ** Stock has risen 4.8% this year, as of last close 

 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))