Hub24 Shares Still Have Room to Run, Bulls Say -- Market Talk

Dow Jones

01-22

0040 GMT - Hub24 shares still have room to run even after the Australian wealth platform operator's recent rally, according to its bulls at Wilsons. The broker's analysts stay overweight on the stock, which surged 11% in a single session this week after it announced strong December-quarter net inflows. They raise their medium-term net flows forecasts on Hub24's strong run-rate, and flag potential for further upside if the company can maintain its current momentum. Wilsons lifts its target price by 9.0% to A$80.00. Shares are up 3.9% at A$75.23. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

January 21, 2025 19:40 ET (00:40 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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