HUB24 Well Placed to Maintain Momentum, Underpinned by All-Weather Platform Model, RBC Capital Markets Says

MT Newswires Live

Sep 09

HUB24 (ASX:HUB) is well placed to maintain its funds-under-administration growth momentum due to its all-weather platform model, RBC Capital Markets said in a note on Tuesday.

Strong revenue growth and operating leverage support double-digit earnings-per-share growth.

Superannuation flows remain resilient year-to-date, but IDPS flows continue to be soft, caused by upcoming changes to CGT and discretionary trusts. RBC forecast platform flows of around 13% and 12% of opening funds-under-administration in fiscal 2027 and fiscal 2028, respectively.

The investment firm upgraded the rating on HUB24 to outperform from sector perform and cut the price target to AU$91 per share from AU$110 per share.

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RBC forecast platform flows of around 13% and 12% of opening funds-under-administration in fiscal 2027 and fiscal 2028, respectively.</p><p>The investment firm upgraded the rating on HUB24 to outperform from sector perform and cut the price target to AU$91 per share from AU$110 per share.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GSIB","symbol_name":"THEMES GLOBAL SYSTEMICALLY IMPORTANT BANKS ETF","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2666307035","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2666307035","pubTimestamp":1788935094,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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