0338 GMT - Bell Potter analyst Chami Ratnapala's optimistic view of the Australian consumer landscape doesn't mean she is overly positive on Kogan.com's near-term prospects. Ratnapala is conservative on the online retailer's likely performance in the upcoming mid-year sales period, stressing the impact of fierce competition. She tells clients in a note that Kogan.com's adjusted earnings for the four months through April fell short of her expectations due to marketing costs and technology issues. Bell Potter cuts its target price 10% to A$4.50 and keeps a hold rating on the stock. Shares are down 1.7% at A$3.95. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
May 21, 2025 23:38 ET (03:38 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
At the request of the copyright holder, you need to log in to view this content
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.