Citi cuts PT for Australia's Nick Scali despite outlook hike

Nick Scali

22/12/2025 18:15

** Citi cuts its price target for shares of furniture retailer Nick Scali NCK.AX by 3% to A$27.95, "buy" rating

** Citi, however, upgrades earnings forecasts from FY26 to FY28 after co hikes 1HFY26 statutory net profit after tax guidance due to strong revenue growth in AUNZ

** But brokerage says that lower market multiples in its PE valuation and peer multiples offset higher earnings

** 10 analysts, on average, rate stock "buy", with median PT of A$27.00, as per LSEG-compiled data

** Shares last closed up 1.4% at A$21.16; up 54.9% YTD

(Reporting by Nichiket Sunil in Bengaluru)

((Nichiket.Sunil@thomsonreuters.com))