** Brokerage firm Jefferies places investment manager Netwealth on track to meet FY25 consensus expectations of A$110 billion ($71.15 billion) in funds under administration (FUA)
** Co reported about A$100 bln in FUA as of Nov. 28
** Jefferies increases price target to A$23.90 from A$21.16
** "We revise our EPS estimates +2% across the forecast period," brokerage added
** Two of 16 analysts rate the stock "buy" or higher, 10 "hold" and four "sell" or lower; their median PT is A$25.20 — LSEG
** NWL up 89.9% YTD, as of last close
($1 = 1.5461 Australian dollars)
(Reporting by Adwitiya Srivastava in Bengaluru)
((Adwitiya.Srivastava@thomsonreuters.com))
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