** Shares of Hub24 rise 5.3% to A$76.24, extending gains from previous session
** Stock is the third-biggest gainer in the benchmark S&P/ASX 200 index
** The investment platform provider posts record quarterly platform net inflows of A$5.5 bln ($3.45 bln) for Q2
** Total funds under administration (FUA) A$120.9 bln, as of Dec. 31, up 33% from a year earlier
** Jefferies says that co's FUA growth shows ongoing strength, fueled by record platform net inflows
** EQT transition on track with A$1.5bn migrated in 2Q, remaining FUA to move in 2H25 - Morgan Stanley
** Jefferies keeps "underperform" rating, raises price target to A$61.85; Morgan Stanley holds "overweight" stance, at price target at A$71
** Stock rose as much as 5.6% earlier in the day, marking its highest level since Dec 9, 2024
** Five of 17 analysts rate the stock "buy" or higher, 9 as "hold" and three as "sell" or lower; their median PT is A$71 – LSEG data
** Stock last year almost doubled in value gaining 93.4%
($1 = 1.5972 Australian dollars)
(Reporting by Kumar Tanishk in Bengaluru)
((Tanishk.Kumar@thomsonreuters.com;))
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