Jefferies Sees Hub24 Shares at Attractive Entry Price After Drop
Jefferies analyst Simon Fitzgerald says Hub24 is winning where it matters and sees an attractive entry price after the stock fell 25% since August.
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what happened
Jefferies analyst Simon Fitzgerald says wealth platform Hub24 is winning where it matters most. According to Market Talk, the company added advisers, won new licensees and expanded its market share in the first quarter. Platform funds under administration rose 18% on the year to A$143.7 billion, while total funds under administration reached A$168.6 billion.
Hub24's shares have fallen 25% since its FY26 result in August, and Jefferies believes an attractive entry price has emerged. Its downside target of A$60.00 assumes a terminal market share of 7.5%, compared with the current 10.1%. The stock closed Tuesday at A$67.08.
why it matters
For investors this concerns the valuation of a single company in Australia's wealth management sector. The share price decline and the analyst view relate to client inflows and market share rather than to the broader ASX market.
tags
instruments
sources
- Hub24 Is Winning Where It Matters, Bull Says — Market Talk, 20 October 2026 at 22:46 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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