Macquarie keeps Fineos at outperform despite a pause in new client sales
Macquarie kept its outperform rating and A$3.50 target price on Fineos, despite the software provider missing new client sales in the September quarter.
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what happened
Macquarie has kept its outperform rating on Fineos, the Australia-listed enterprise software developer, even though the company did not close new client sales in the September quarter. The view comes from a note by one of the investment bank's analysts, reported by Market Talk.
According to the analyst, Fineos still has a strong pipeline and room to cross-sell and upsell to existing customers. Free cash flow is improving and annual revenue guidance has been reaffirmed. The target price stays at A$3.50. Shares are up 2.1% at A$1.94.
why it matters
For the market, this suggests growth is currently coming from existing customers rather than new contracts. A reaffirmed outlook and better cash flow ease some concerns about the results, but the pause in sales remains a factor investors will watch in the coming quarters.
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instruments
sources
- Fineos's Bull Unworried by Lack of New Client Sales — Market Talk, 27 October 2026 at 00:01 UTC
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