Tiger Brokers

Netwealth Enduring Short-term EPS Pain for Long-term Gain

Dow Jones
Jul 08

0500 GMT - Netwealth is enduring short-term earnings pain for long-term gain, according to its bull at Macquarie. One of the investment bank's analysts cuts their EPS forecast by 5.6% for fiscal 2027, and by 33% for fiscal 2028 on company guidance, but raises expectations for the next two years to reflect the Australian wealth platform's long-term ambitions for funds under administration growth. Reiterating an outperform rating on the stock, the analyst tells clients in a note that they also see benefits from Netwealth's expansion in the broker market through its new agreement with Morgan Stanley. Macquarie lifts its target price by 6.2% to A$32.40. Shares are down 4.0% at A$23.46. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

July 08, 2026 01:00 ET (05:00 GMT)

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