Seek Needs to Keep Reinvesting Amid Slowing Activity

Dow Jones

Jul 23

0002 GMT - Seek's bull at Citi says disruption risk means the jobs advertiser needs to keep reinvesting in its business amid slowing hiring activity. Cutting his FY 2027 forecast for local ad volumes by about 3%, analyst Siraj Ahmed tells clients in a note that he expects Seek to respond to slowing revenues by moderating total spending growth from about 7% in the fiscal year that ended June 30 to 5% in FY 2027. However, he stresses that Seek must keep investing in its brand as well as candidate experience and engagement. Citi keeps a buy rating on the stock but cuts its target price 22% to A$18.00 on lower volume expectations. Shares are down 0.9% at A$13.65.(stuart.condie@wsj.com)

(END) Dow Jones Newswires

July 22, 2026 20:02 ET (00:02 GMT)

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Cutting his FY 2027 forecast for local ad volumes by about 3%, analyst Siraj Ahmed tells clients in a note that he expects Seek to respond to slowing revenues by moderating total spending growth from about 7% in the fiscal year that ended June 30 to 5% in FY 2027. However, he stresses that Seek must keep investing in its brand as well as candidate experience and engagement. Citi keeps a buy rating on the stock but cuts its target price 22% to A$18.00 on lower volume expectations. Shares are down 0.9% at A$13.65.(stuart.condie@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 22, 2026 20:02 ET (00:02 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Seek Needs to Keep Reinvesting Amid Slowing Activity</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSeek Needs to Keep Reinvesting Amid Slowing Activity\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-07-23 08:02</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0002 GMT - Seek's bull at Citi says disruption risk means the jobs advertiser needs to keep reinvesting in its business amid slowing hiring activity. Cutting his FY 2027 forecast for local ad volumes by about 3%, analyst Siraj Ahmed tells clients in a note that he expects Seek to respond to slowing revenues by moderating total spending growth from about 7% in the fiscal year that ended June 30 to 5% in FY 2027. However, he stresses that Seek must keep investing in its brand as well as candidate experience and engagement. Citi keeps a buy rating on the stock but cuts its target price 22% to A$18.00 on lower volume expectations. Shares are down 0.9% at A$13.65.(stuart.condie@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 22, 2026 20:02 ET (00:02 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SEK.AU","symbol_name":"SEEK LTD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2653941847","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2653941847","pubTimestamp":1784764920,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0002 GMT - Seek's bull at Citi says disruption risk means the jobs advertiser needs to keep reinvesting in its business amid slowing hiring activity. Cutting his FY 2027 forecast for local ad volumes by about 3%, analyst Siraj Ahmed tells clients in a note that he expects Seek to respond to slowing revenues by moderating total spending growth from about 7% in the fiscal year that ended June 30 to 5% in FY 2027. However, he stresses that Seek must keep investing in its brand as well as candidate experience and engagement. Citi keeps a buy rating on the stock but cuts its target price 22% to A$18.00 on lower volume expectations. Shares are down 0.9% at A$13.65. Dow Jones NewswiresJuly 22, 2026 20:02 ET Copyright  2026 Dow Jones & Company, Inc.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"SEK.AU":"SEEK LTD","BK7002":"互动媒体与服务"},"translate_title":"在活动放缓的情况下，Seek 需要继续进行再投资","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SEK.AU":0.9},"content_text":"0002 GMT - Seek's bull at Citi says disruption risk means the jobs advertiser needs to keep reinvesting in its business amid slowing hiring activity. Cutting his FY 2027 forecast for local ad volumes by about 3%, analyst Siraj Ahmed tells clients in a note that he expects Seek to respond to slowing revenues by moderating total spending growth from about 7% in the fiscal year that ended June 30 to 5% in FY 2027. However, he stresses that Seek must keep investing in its brand as well as candidate experience and engagement. Citi keeps a buy rating on the stock but cuts its target price 22% to A$18.00 on lower volume expectations. Shares are down 0.9% at A$13.65.(stuart.condie@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 22, 2026 20:02 ET (00:02 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}