0006 GMT - Seek's bull at Macquarie says the way in which the Australian employment marketplace has embedded artificial intelligence over the past decade could mean it is better placed than other classifieds providers to withstand disruption. A note from one of the investment bank's analysts observes that Seek has embedded AI in its end-to-end process across both candidates and hirers, through its credential verification and reference checking services. Vehicle and real-estate advertisers are more transactional and inventory driven, the analyst adds. Macquarie cuts its target price 40% to A$19.50 on a change in valuation methodology and cuts to earnings forecasts, but keeps an outperform rating on the stock. Shares are flat at A$16.54. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

February 17, 2026 19:06 ET (00:06 GMT)

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