ASX's Strong Revenue Outlook Lures New Bull -- Market Talk

Dow Jones
04/30

0433 GMT - ASX gets a new bull at UBS, where analysts say a strong revenue outlook more than offsets the market operator's rising costs. Raising their recommendation to buy from neutral, the analysts acknowledge that ASX has raised its fiscal 2026 cost guidance three times. However, they see potential for ASX to beat consensus EPS forecasts for the June half thanks to volatility from the Iran conflict. They tell clients in a note that the outlook for futures trading is brightening and that they anticipate higher sustainable volumes and upside from ASX's new equity post-trade revenue model. UBS lifts its target price 11% to A$65.20. Shares are up 4.9% at A$60.69. (stuart.condie@wsj.com)

 

(END) Dow Jones Newswires

April 30, 2026 00:33 ET (04:33 GMT)

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