Hub24 Bull Keeping Close Watch Following Derating

Dow Jones07-20 09:29

0129 GMT - Australian wealth platform Hub24 is one of the stocks Morgan Stanley analysts recommend keeping an eye on over the coming reporting season. The MS analysts point out that the recent share-price decline has come amid a broader derating of Australian technology stocks, but that consensus expectations for Hub24 earnings have continued to creep higher. They tell clients in a note that regulatory barriers offer protection against increased competition, and that expectations for June-quarter flows have moderated thanks to commentary at rival Netwealth that Middle East uncertainty and tax changes are having an impact. MS has an unchanged overweight rating on the stock and a target price of 120.00 Australian dollars. Shares are up 2.4% at A$85.21. (stuart.condie@wsj.com)

 

(END) Dow Jones Newswires

July 19, 2026 21:29 ET (01:29 GMT)

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