0039 GMT - REA Group's status as a likely AI-winner over the medium term isn't enough to fully overcome near-term worries at Macquarie. With an unchanged neutral rating on the stock, an analyst at the investment bank points to earnings risks from cyclical and structural headwinds. However, the analyst writes in the same note that News Corp-controlled property advertiser is focusing AI investments on capturing more of the housing market ecosystem. There are opportunities within commercial and financial services, while a differentiated seller-lead product is set for launch in 2027. Macquarie has an unchanged target price of 170.00 Australian dollars. Shares are down almost 0.9% at A$162.71. News Corp is the parent company of Dow Jones & Co., publisher of The Wall Street Journal and Dow Jones Newswires.
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REA Warrants Caution Despite Looking Like an AI Winner
Dow Jones10-26
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