Seek's New Bull Sees AI Leverage Driving Yield -- Market Talk
Dow Jones
Jun 12, 2025
0032 GMT - Seek gets a new bull at Citi, where analyst Siraj Ahmed sees the Australian job advertiser leveraging artificial intelligence to the benefit of both candidates and hirers. Ahmed initiates coverage of the stock with a buy rating, telling clients in a note that Seek looks to be ahead of other local classifieds operators in terms of using AI to enhance customer experience. It is this product-led growth that Ahmed thinks will underpin medium-term yield growth, with his volume forecast sitting slightly lower than consensus expectations. Citi places a A$28.50 target price on the stock, which is down 0.25% at A$23.94. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
June 11, 2025 20:32 ET (00:32 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.