2346 GMT - Hub24's bull at Bell Potter reckons that consensus forecasts for the Australian wealth platform haven't fully factored in share markets' recent recovery. Analyst Hayden Nicholson points out in a note to clients that all major indexes gained over the June quarter. Reeling off a list of significant moves by global indexes, Nicholson observes with hindsight that the S&P/ASX 200's performance is a strong predictor of Hub24's funds under management. The Australian benchmark index gained 9.5% over the three months through June, he adds. Nicholson raises his fiscal 4Q funds under management assumption by 3%. Bell Potter raises its target price 33% to A$100.00 and keeps a buy rating on the stock. Shares are at A$89.21 ahead of the open. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
July 03, 2025 19:46 ET (23:46 GMT)
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