Australia's Web Travel gains as brokerages remain upbeat post robust earnings

Web Travel

26/11/2025 24:45

Updates

** Shares of Web Travel Group WEB.AX rise as much as 8.7% to A$4.75, their highest level since July 25

** Citi ups price target for WEB to A$5.60 per share; retains "buy" rating

** Digital travel firm on Tuesday reported 1H underlying EBITDA of A$81.7 million ($52.88 million) vs A$70.0 million reported last year

** Overall resilient result in a tough travel environment — Citi analysts

** WEB is outperforming business-to-business peers; sector overall is growing at low single digits — Jefferies

** If WEB maintains current take-rate levels and keeps operating expense growth at low single digits, Jefferies believes financial model works and co can deliver solid earnings growth

** Brokerage keeps price target unchanged; maintains "hold" rating

** 12 of 15 analysts rate the stock "buy" or higher, three "hold"; their median PT is A$6.45, according to data compiled by LSEG

** Stock up 2.4% YTD, including the day's moves

($1 = 1.5449 Australian dollars)

(Reporting by Roshan Thomas and Nikita Maria Jino in Bengaluru)

((Roshan.Thomas@thomsonreuters.com;))