Tiger Brokers

BUZZ-Australia's REA Group rises as Bell Potter increases PT on upbeat outlook

Reuters
May 13, 2025
BUZZ-Australia's REA Group rises as Bell Potter increases PT on upbeat outlook

** Shares of REA Group REA.AX up 1% at A$243.85

** Co posts revenue of A$1,247 million, up 12% y/y

** Bell Potter maintains 'Buy' rating, ups price target to A$267 from A$264

** Residential Buy yield grew 15%, driven by a national price increase and higher digital marketing service Premier+ adoption, despite disruptions from federal elections - brokerage

** Expects ongoing double-digit yield increases from clear depth product momentum and favourable house price backdrop

** Eight analysts rate the stock "buy" or higher, 5 "hold" and 1 "sell"; their mean PT is A$260.79 – LSEG data

** Stock up 4.6% YTD

(Reporting by Kumar Tanishk in Bengaluru)

((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk;))

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