Seek Stock May Rise on Tech Overhaul Benefits -- Market Talk

Dow Jones
2025/07/21

0158 GMT - Seek's bulls at Macquarie see potential for the stock to rise if management can demonstrate the benefits of its recent technology overhaul. Analysts at the investment bank say that the Australian job advertiser's FY 2026 provides an opportunity for it to showcase the cost control and operating leverage that management have said would follow its multiyear tech investment. Macquarie sees possible upside to its forecast of 15% annual revenue growth for the period, which compares with an analyst average forecast of 13%. For FY 2025 just ended, Macquarie analysts forecast broadly flat revenue and a 13% drop in adjusted profit. Macquarie raises its target price 0.9% to A$27.00 and keeps an outperform rating on the stock, which is down 0.7% at A$24.14. (stuart.condie@wsj.com)

 

(END) Dow Jones Newswires

July 20, 2025 21:58 ET (01:58 GMT)

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