Stock Track | Temple & Webster Plummets 5.22% Intraday After Jefferies Slashes Price Target on Weak Outlook

Stock Track

May 14

Temple & Webster Group Ltd's stock plummeted 5.22% during intraday trading on Thursday, extending the company's significant year-to-date decline.

The sharp drop follows a price target cut by Jefferies, which reduced its target on the online homeware retailer to A$8.95 from A$14.50, while maintaining a "buy" rating. The brokerage also slashed revenue estimates by 6%, 15%, and 18% for fiscal years 2026, 2027, and 2028, respectively.

Jefferies cited severe consumer stress with confidence at "historical lows," noting that management is essentially trying to "batten down the hatches" for a rough 12 months. The brokerage added that Temple & Webster's target of A$1 billion revenue in FY28 feels "increasingly aspirational" following the company's revenue forecast that missed consensus expectations.

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The brokerage added that Temple & Webster's target of A$1 billion revenue in FY28 feels \"increasingly aspirational\" following the company's revenue forecast that missed consensus expectations.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TPW.AU","symbol_name":"TEMPLE & WEBSTER GROUP LTD","start_time":0,"source_url":"","article_id":"1111667235","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1111667235","pubTimestamp":1778716947,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Temple & Webster Group Ltd's stock plummeted 5.22% during intraday trading on Thursday, extending the company's significant year-to-date decline.The sharp drop follows a price target cut by...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"TPW.AU":"TEMPLE & WEBSTER GROUP LTD"},"translate_title":"个股追踪|杰富瑞因前景疲弱下调目标价后，Temple&Webster盘中暴跌5.22%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TPW.AU":1},"content_text":"Temple & Webster Group Ltd's stock plummeted 5.22% during intraday trading on Thursday, extending the company's significant year-to-date decline.The sharp drop follows a price target cut by Jefferies, which reduced its target on the online homeware retailer to A$8.95 from A$14.50, while maintaining a \"buy\" rating. 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