Hub24 Keeps Bull Despite Slowing Momentum

Dow Jones
Jul 22

0042 GMT - Hub24 keeps its bull at Bell Potter despite slowing momentum at the wealth platform. Analyst Hayden Nicholson tells clients in a note that the Australian company's June-quarter performance looks good in the context of elevated outflows, even if net inflows fells short of consensus. He points out that Hub24 was coming off a deceleration of inflows in the final five weeks of the prior quarter, a period that he refers to as peak pessimism. More positively, market movements of A$7.47 billion comfortably topped both Nicholson's forecast and consensus expectations. Bell Potter keeps a buy rating on the stock, with an unchanged target price of 110.00 Australian dollars. Shares are up 4.5% at A$85.04. (stuart.condie@wsj.com)

 

(END) Dow Jones Newswires

July 21, 2026 20:42 ET (00:42 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10