Jefferies raises PT, rating for Australia's Seek following FY results

SEEK

19/08/2025 22:57

** Jefferies raises price target for online job marketplace provider Seek SEK.AX to A$32/share from A$24.60/share; upgrades rating to "buy" from "hold"

** Brokerage cites company's margin expansion in the second half of the year, strong yield growth and stabilising macro environment for the rating upgrade

** Company forecasts higher profit and revenue for FY26; Jefferies says FY25 net profit after tax and midpoint of FY26 projection align with consensus estimates

** Jefferies hikes FY26 and FY27 EPS estimates by 11.5% and 14.7%, respectively

** Analysts on average rate the stock "buy"; their median PT is A$29.0, according to data compiled by LSEG

** Stock up 22.8% YTD

(Reporting by John Biju in Bengaluru)

((John.Biju@thomsonreuters.com;))