Hub24 Gets New Bull Following Stock's Derate -- Market Talk

Dow Jones03-23

2334 GMT - Hub24 gets a new bull at Macquarie following the stock's recent material derating on concerns about AI disruption and broader conflict-related selling. One of the investment bank's analysts tells clients in a note that the Australian wealth platform should continue to take market share over the next one to two years. Raising their recommendation to outperform from neutral, they forecast annual earnings growth of more than 20% over the medium term. Worries about risks from AI-driven disruption are overblown, the note adds. Its target price is cut 13% to A$92.25. Shares are down 2.8% at A$77.05. (stuart.condie@wsj.com)

 

(END) Dow Jones Newswires

March 22, 2026 19:34 ET (23:34 GMT)

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