REA Bulls See Potential Fiscal 2H Headwinds -- Market Talk

Dow Jones

02-07

0057 GMT - REA Group's bulls at UBS see the Australian real-estate advertiser facing a few potential second-half headwinds. Analysts at the investment bank maintain a buy rating on the stock, but warn clients in a note of potential impacts from geographic mix, a comparison with strong year-earlier volumes, and deferred activity due to the timing of public holidays and a federal election. Nonetheless, they still think that the News Corp-controlled company is operating a high-quality business and see platform and penetration tailwinds coming in fiscal 2026 and fiscal 2027. UBS lifts its target price by 9.7% to A$294.00. Shares are up 3.8% at A$264.48. News Corp. owns Dow Jones & Co., publisher of this newswire and The Wall Street Journal. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

February 06, 2025 19:57 ET (00:57 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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