Stock Track | SEEK LTD Plummets 6.96% Intraday as Investors Remain Underwhelmed Despite Robust Revenue Growth

Stock Track

03/19

SEEK LTD's stock plummeted 6.96% during intraday trading on Thursday, continuing a downward trend for the employment marketplace company.

According to market analysis, SEEK reported robust double-digit revenue growth for the first half of FY26, but investors were underwhelmed by the results, leading to continued selling pressure. The company's shares are now down approximately 50% from a multi-year high recorded in September last year.

Despite the sharp pullback, some analysts believe SEEK shares are now trading below fair value, with expectations for slow improvement in hiring activity that could benefit the employment-focused company. The company's engagement with AI technology is also seen as a potential driver for future user engagement.

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