Seek's Bull Sees Support From Australia Ad Data -- Market Talk

Dow Jones

2025/06/20

0109 GMT - Seek's bull at Macquarie thinks that Australian job-ad data backs up their continued positive view of the employment classifieds provider. The annual rate of decline in industry ad volumes was flat in May compared with April but has been broadly trending lower for more than a year. A Macquarie analyst note contends that the narrowing declines support an expectation that annual volumes will grow in fiscal 2026, driven by interest-rate cuts and a tight labor market. New product developments also look supportive for yield, they add. The investment bank has an outperform rating and A$26.75 target price on the stock, which is down 0.3% at A$23.69. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

June 19, 2025 21:09 ET (01:09 GMT)

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(stuart.condie@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 19, 2025 21:09 ET (01:09 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SEK.AU","symbol_name":"SEEK LTD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2544190165","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2544190165","pubTimestamp":1750381740,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0109 GMT - Seek's bull at Macquarie thinks that Australian job-ad data backs up their continued positive view of the employment classifieds provider. 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