** Brokerage firm Jefferies places investment manager Netwealth on track to meet FY25 consensus expectations of A$110 billion ($71.15 billion) in funds under administration (FUA)
** Co reported about A$100 bln in FUA as of Nov. 28
** Jefferies increases price target to A$23.90 from A$21.16
** "We revise our EPS estimates +2% across the forecast period," brokerage added
** Two of 16 analysts rate the stock "buy" or higher, 10 "hold" and four "sell" or lower; their median PT is A$25.20 — LSEG
** NWL up 89.9% YTD, as of last close
($1 = 1.5461 Australian dollars)
(Reporting by Adwitiya Srivastava in Bengaluru)
((Adwitiya.Srivastava@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.