Hub24 Bull Sees Steady Momentum as Key Positive -- Market Talk

Dow Jones

2025/07/16

0023 GMT - Hub24's bull at Bell Potter sees the wealth-management platform's steady momentum as the key positive in a stronger-than-expected fourth-quarter performance. Analyst Hayden Nicholson says in a note to clients that the June quarter's normalized monthly run rate was consistent with the strong implied exit rate at the end of the previous three months. Stronger inflows and better retention move Nicholson to raise his fiscal 2026 net flow forecasts to A$14.6 billion, which is toward the upper end of the company's guidance. Bell Potter lifts its target price by 15% to A$115.00 and reiterates a buy recommendation. Shares are down 1.0% at A$99.53. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

July 15, 2025 20:23 ET (00:23 GMT)

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