0032 GMT - Seek gets a new bull at Citi, where analyst Siraj Ahmed sees the Australian job advertiser leveraging artificial intelligence to the benefit of both candidates and hirers. Ahmed initiates coverage of the stock with a buy rating, telling clients in a note that Seek looks to be ahead of other local classifieds operators in terms of using AI to enhance customer experience. It is this product-led growth that Ahmed thinks will underpin medium-term yield growth, with his volume forecast sitting slightly lower than consensus expectations. Citi places a A$28.50 target price on the stock, which is down 0.25% at A$23.94. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
June 11, 2025 20:32 ET (00:32 GMT)
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