BUZZ-Australia's Hub24 rises on stronger quarterly performance, Citi sees FY35 earnings upgrades

Reuters10-15

(Updates with Citi note)

** Shares of Hub24 rise as much as 1.7% to A$64.500, set for their best trading day since early October

** Investment banking services provider recorded quarterly platform net inflows of A$4.0 bln ($2.69 bln), up 44% vs previous corresponding period (pcp)

** Co says total funds under administration reached A$113.0 bln as of Sept 30, up 37% vs pcp

** Adds it remains confident in meeting FY26 platform funds under administration target of A$115-123 billion

** Analysts at Citi see potential for low single digit consensus earnings upgrades in FY25 estimates

** Brokerage maintains target price of A$56.70/shr and "neutral" stock rating

** Stock up 76.2% YTD, as of last close

($1 = 1.4870 Australian dollars)

(Reporting by Shivangi Lahiri in Bengaluru)

((shivangi.lahiri@thomsonreuters.com))

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