Hub24 Bull Sounds Untroubled by Inflows

Dow Jones
07/22

0150 GMT - Hub24's bull at Macquarie sounds untroubled by the wealth platform's softer-than-expected June-quarter net inflows. A note from one of the investment bank's analysts acknowledges that net inflows of 4.19 billion Australian dollars fell short of both Macquarie's forecast and consensus expectations, but points out that the company was operating against a backdrop of market volatility and proposed changes to taxation. Importantly, Hub24's market share has still been growing, according to the most recent available industry data. Macquarie reiterates an outperform rating on the stock and lifts its target price 0.8% to A$97.00. Shares are up 4.8% at A$85.28. (stuart.condie@wsj.com)

 

(END) Dow Jones Newswires

July 21, 2026 21:50 ET (01:50 GMT)

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