Tiger Brokers

BUZZ-Australia's Hub24 rises after Jefferies raises PT on FUA growth

Reuters
Jan 21
BUZZ-Australia's Hub24 rises after Jefferies raises PT on FUA growth

Updates

** Shares of Australia's Hub24 HUB.AX rise as much as 1.4% to A$102.610

** Jefferies raises prices target on HUB to A$99.50 from A$98.40; upgrades rating to "hold" from "underperform"

** Data solutions provider on Tuesday reported total funds under administration (FUA) of A$152.3 billion ($102.53 billion) as of December-end, up 26% from prior corresponding period

** Also reports record quarterly platform net inflows of A$5.6 billion

** Eight of 16 analysts rate the stock "buy" or higher, eight "hold"; their median PT is A$110.6 – according to data compiled by LSEG

** Stock rose 38.3% in 2025

($1 = 1.4854 Australian dollars)

(Reporting by Jasmeen Ara Shaikh in Bengaluru)

((Jasmeenaraislam.Shaikh@thomsonreuters.com;))

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