The biggest ASX broker upgrades, downgrades, and price target changes from the first half of reporting season
ASX stocks enjoying the biggest upgrades, downgrades, and target price changes. What the major brokers loved and hated this week and why.
Source: Shutterstock, Market Index
Mentioned
KEY POINTS
- Reporting season August Edition is in full swing, with hundreds of ASX stocks reporting so far.
- With company reports, comes broker responses to them - rating upgrades and downgrades, plus target price changes.
- This data is usually only available to clients of the big brokers, but we bring you the latest ratings and target price changes, as well as invaluable insights into the data.
Welcome to this week's ASX Broker Moves – your most comprehensive source for recent changes in major broker ratings and target prices for the Australian stock market.
Today is a bumper "Halfway Through August Reporting Season Edition"! 🧐
The tables below contain data on ratings upgrades, downgrades, and initiations, as well as the biggest target price changes among the broker research reports we’ve received since the start of the current earnings season. In each section, you'll also find valuable insights into the data as well as detailed broker commentary.
RATING = UPGRADED ✅
Company | Broker | New Rating | Old Rating | Target Price | TP Upside% |
|---|---|---|---|---|---|
Life360 (360) | Ord Minnett | Accumulate | Hold | $45.00 | 1.4% |
AGL Energy (AGL) | Goldman Sachs | Buy | Neutral | $11.35 | 25.1% |
AGL Energy (AGL) | Ord Minnett | Buy | Hold | $11.00 | 21.3% |
AGL Energy (AGL) | UBS | Buy | Neutral | $10.65 | 17.4% |
Alkane Resources (ALK) | Ord Minnett | Accumulate | Hold | $1.00 | 19.8% |
Atlas Arteria (ALX) | Jefferies | Buy | Reduce | $6.42 | 21.1% |
Atlas Arteria (ALX) | Ord Minnett | Accumulate | Hold | $5.20 | -1.9% |
AMP (AMP) | Jefferies | Buy | Hold | $2.02 | 13.8% |
ARB Corporation (ARB) | UBS | Neutral | Sell | $35.00 | -1.5% |
Arena Reit. (ARF) | Macquarie | Outperform | Underperform | $3.96 | 2.1% |
Arena Reit. (ARF) | CLSA | Outperform | Hold | $4.09 | 5.4% |
BWP Trust (BWP) | Citi | Buy | Neutral | $4.00 | 11.7% |
Car Group (CAR) | RBC Capital Markets | Outperform | Sector Perform | $41.00 | -0.5% |
Charter Hall Long Wale Reit (CLW) | JPMorgan | Neutral | Underweight | $4.30 | -4.0% |
Droneshield (DRO) | Shaw and Partners | Buy | Hold | $3.60 | -14.9% |
Electro Optic Systems (EOS) | Ord Minnett | Buy | Accumulate | $4.25 | -29.3% |
Genesis Minerals (GMD) | JPMorgan | Overweight | Neutral | $4.40 | 4.3% |
JB HI-FI (JBH) | Morgans | Trim | Sell | $95.00 | -18.1% |
JB HI-FI (JBH) | UBS | Neutral | Sell | $112.00 | -3.5% |
Lynas Rare Earths (LYC) | Ord Minnett | Hold | Sell | $10.80 | -21.6% |
Mineral Resources (MIN) | Morgans | Hold | Trim | $31.00 | -13.9% |
Nick Scali (NCK) | CLSA | Outperform | Hold | $22.30 | -1.4% |
Nick Scali (NCK) | Jarden | Overweight | Neutral | $20.68 | -8.6% |
Nick Scali (NCK) | Ord Minnett | Lighten | Sell | $18.00 | -20.4% |
Origin Energy (ORG) | Jarden | Neutral | Underweight | $11.30 | -10.2% |
Pexa Group (PXA) | Jarden | Overweight | Neutral | $17.75 | 12.1% |
REA Group (REA) | Bell Potter | Buy | Hold | $284.00 | 13.7% |
Santos (STO) | Morgans | Accumulate | Trim | $8.65 | 9.4% |
TPG Telecom (TPG) | Macquarie | Outperform | Neutral | $5.80 | 9.6% |
Broker rating upgrades since last update. Target Price Upside/Downside (“TP Upside%”) values in the last column are based on closing prices on most recent session's close.
Most Rating Upgrades Insights 🧐
AGL Energy (ASX: AGL) ✅✅✅
UBS: Notes AGL has the capacity to pay higher dividends and offers a defensive utility exposure, leveraged to energy transition upside via higher electricity demand and prices, which we now forecast to be higher as of the co's latest update.
Nick Scali (ASX: NCK) ✅✅✅
Ord Minnett: Described co's Australasian operation's FY25 result as "stellar" with revenue and earnings well ahead of market expectations, although significant upgrades to earnings forecasts for the Australian business have been largely offset by increases in our estimates for losses in the UK operations. Net, forecast earnings upgrades faciliate a substantial valuation increase (Target Price lifted to $18 from $16) and the rating upgrade.
JB Hi-Fi (ASX: JBH) ✅✅
UBS: Noted JBH scored well using a new framework for high multiple retailers, and should increasingly be compared to WES retail divisions Bunnings & Kmart. Given more comparability with WES, the JBH P/E multiple looks increasingly justified, and following today's share price decline, the risk reward is more balanced.
RATING = DOWNGRADED ❌
Company | Broker | New Rating | Old Rating | Target Price | TP Upside% |
|---|---|---|---|---|---|
Audinate Group (AD8) | Jefferies | Hold | Buy | $7.50 | 29.5% |
AGL Energy (AGL) | RBC Capital Markets | Sector Perform | Outperform | $10.00 | 10.3% |
ALS (ALQ) | Goldman Sachs | Neutral | Buy | $17.70 | -5.7% |
Amotiv (AOV) | Wilsons | Market-Weight | Overweight | $9.53 | 1.9% |
APA Group (APA) | UBS | Sell | Neutral | $7.50 | -12.8% |
Aurizon (AZJ) | Macquarie | Neutral | Outperform | $3.31 | 1.5% |
Aurizon (AZJ) | Macquarie | Neutral | Outperform | $3.31 | 1.5% |
Beach Energy (BPT) | E&P | Neutral | Positive | $1.40 | 12.9% |
Beach Energy (BPT) | JPMorgan | Underweight | Neutral | $1.05 | -15.3% |
Beach Energy (BPT) | Macquarie | Underperform | Neutral | $0.95 | -23.4% |
Beach Energy (BPT) | Morgans | Trim | Hold | $1.16 | -6.5% |
Bluescope Steel (BSL) | JPMorgan | Neutral | Overweight | $25.90 | 7.5% |
Bravura Solutions (BVS) | Macquarie | Neutral | Outperform | $2.03 | 6.3% |
Bravura Solutions (BVS) | Wilsons | Market-Weight | Overweight | $2.10 | 9.9% |
Brambles (BXB) | UBS | Neutral | Buy | $24.00 | 4.1% |
Champion Iron (CIA) | Macquarie | Neutral | Outperform | $5.00 | 17.4% |
Capricorn Metals (CMM) | JPMorgan | Neutral | Overweight | $10.25 | 5.7% |
Computershare (CPU) | CLSA | Hold | Outperform | $42.70 | 5.6% |
Charter Hall Infrastructure Reit (CQE) | Moelis Australia | Hold | Buy | $3.39 | 3.0% |
Coronado Global (CRN) | UBS | Sell | Neutral | $0.26 | -11.9% |
Corporate Travel (CTD) | UBS | Neutral | Buy | $16.70 | 1.2% |
Carnarvon Energy (CVN) | Euroz Hartleys | Speculative Buy | Buy | $0.16 | 45.5% |
Dalrymple Bay Infrastructure (DBI) | Morgans | Hold | Accumulate | $4.70 | -1.9% |
Infomedia (IFM) | Bell Potter | Hold | Buy | $1.72 | 1.2% |
Infomedia (IFM) | E&P | Neutral | Positive | $1.72 | 1.2% |
Infomedia (IFM) | Shaw and Partners | Hold | Buy | $1.72 | 1.2% |
Iress (IRE) | JPMorgan | Neutral | Overweight | $9.00 | -1.0% |
Iress (IRE) | Morgans | Accumulate | Buy | $9.69 | 6.6% |
JB HI-FI (JBH) | Ord Minnett | Lighten | Hold | $97.00 | -16.4% |
Karoon Energy (KAR) | Morgans | Accumulate | Buy | $2.05 | 12.0% |
Lendlease Group (LLC) | CLSA | Hold | Outperform | $5.69 | 4.8% |
Liontown Resources (LTR) | Jarden | Underweight | Neutral | $0.50 | -37.5% |
Mirvac Group (MGR) | CLSA | Hold | Outperform | $2.36 | 2.2% |
Mineral Resources (MIN) | Jefferies | Underperform | Hold | $25.00 | -30.6% |
Mineral Resources (MIN) | Macquarie | Underperform | Neutral | $29.00 | -19.5% |
Mineral Resources (MIN) | UBS | Sell | Neutral | $37.40 | 3.9% |
Nickel Industries (NIC) | Citi | Neutral | Buy | $0.80 | 7.4% |
News Corporation (NWS) | Macquarie | Neutral | Outperform | $57.80 | 11.2% |
Pinnacle Investment (PNI) | Morgans | Accumulate | Buy | $26.30 | 15.7% |
REA Group (REA) | Citi | Neutral | Buy | $279.25 | 11.8% |
REA Group (REA) | JPMorgan | Neutral | Overweight | $240.00 | -3.9% |
Resmed Inc (RMD) | CLSA | Hold | Outperform | $46.00 | 4.7% |
South32 (S32) | Jefferies | Hold | Buy | $3.20 | 10.3% |
Sims (SGM) | JPMorgan | Underweight | Neutral | $15.10 | 2.0% |
Super Retail (SUL) | Morgans | Hold | Accumulate | $16.15 | 0.5% |
TPG Telecom (TPG) | Jarden | Neutral | Overweight | $5.30 | 0.2% |
Treasury Wine (TWE) | Citi | Sell | Neutral | $8.50 | 9.7% |
Treasury Wine (TWE) | Morgan Stanley | Equal-Weight | Overweight | $8.70 | 12.3% |
Woodside Energy (WDS) | Morgans | Accumulate | Buy | $30.10 | 12.5% |
Block (XYZ) | Morgan Stanley | Equal-Weight | Overweight | $73.00 | -37.4% |
Broker rating downgrades since last update. Target Price Upside/Downside (“TP Upside%”) values in the last column are based on closing prices on most recent session's close.
Most Rating Downgrades Insights 🧐
Beach Energy (ASX: BPT) ❌❌❌❌
Macquarie: "FY26 guidance points to a weaker outlook, and we see BPT having less operational control over its valuation than it has historically (two thirds of value now in non-operated category".
Morgans: Cost base and dividend may be under pressure amid lower volume outlook and negative negative FCF outlook respectively. Further downgrade risk to reserve life, which is described as "short". Sees risks to Waitsia ramp-up and resultant potential for more slippage in guidance. Conclusion is uncertainty remains until reserves stabilise.
Mineral Resources (ASX: MIN) ❌❌❌
UBS: "MIN is delivering, with Onslow ramping up, cost out in lithium and mining services strong. Additionally, it is making necessary and significant progress on its governance overhaul, with deleveraging to commence now Onslow is ramping up. However, with the stock up ~40% [in] 1 month, MIN is now screening expensive".
Infomedia (ASX: IFM) ❌❌❌
Shaw and Partners: Downgrades stock due to proposed TPG acquisition at $1.72 per share as it is inline with the broker's target price.
RATING = INITIATED 🌟
Company | Broker | New Rating | Old Rating | Target Price | TP Upside% |
|---|---|---|---|---|---|
Life360 (360) | Citi | Buy | $46.20 | 4.1% | |
Acusensus (ACE) | Morgans | Speculative Buy | $1.20 | 29.0% | |
Amplia Therapeutics (ATX) | Bell Potter | Speculative Buy | $0.42 | 121.1% | |
Blaze Minerals (BM1) | Bell Potter | Speculative Buy | $0.65 | 36.8% | |
Dicker Data (DDR) | Macquarie | Neutral | $9.35 | 8.0% | |
Data#3 (DTL) | Macquarie | Outperform | $9.00 | 16.6% | |
Emvision Medical Devices (EMV) | Bell Potter | Buy | $1.74 | 2.1% | |
Imricor Medical Systems (IMR) | Canaccord Genuity | Buy | $2.06 | 50.9% | |
Mesoblast (MSB) | Canaccord Genuity | Buy | $2.97 | 22.2% | |
Myer (MYR) | Bank of America | Neutral | $0.70 | 6.1% | |
Plenti Group (PLT) | Moelis Australia | Buy | $1.53 | 33.0% | |
Sigma Healthcare (SIG) | Bell Potter | Sell | $2.00 | -30.1% | |
Somnomed (SOM) | Morgans | Speculative Buy | $1.00 | 41.8% | |
Vault Minerals (VAU) | UBS | Buy | $0.55 | 29.4% |
Broker rating initiations since last update. Target Price Upside/Downside (“TP Upside%”) values in the last column are based on closing prices on most recent session's close.
TARGET PRICE INCREASES > +10% 🚀
Company | Broker | Rating | New TP | Old TP | TP Change% | TP Upside% |
|---|---|---|---|---|---|---|
Patriot Battery Metals (PMT) | UBS | Buy | $0.65 | $0.33 | 97.0% | 38.3% |
Electro Optic Systems (EOS) | Ord Minnett | Buy | $4.25 | $2.20 | 93.2% | -29.3% |
Droneshield (DRO) | Shaw and Partners | Buy | $3.60 | $2.00 | 80.0% | -14.9% |
Coronado Global (CRN) | Ord Minnett | Hold | $0.26 | $0.15 | 73.3% | -11.9% |
Coronado Global (CRN) | Macquarie | Underperform | $0.18 | $0.11 | 63.6% | -39.0% |
Paladin Energy (PDN) | Morgan Stanley | Equal-Weight | $7.30 | $4.60 | 58.7% | 10.8% |
Mineral Resources (MIN) | Citi | Neutral | $31.00 | $20.00 | 55.0% | -13.9% |
Alkane Resources (ALK) | Ord Minnett | Accumulate | $1.00 | $0.65 | 53.8% | 19.8% |
Chrysos Corporation (C79) | Bell Potter | Hold | $6.70 | $4.40 | 52.3% | -1.8% |
Coronado Global (CRN) | Jefferies | Hold | $0.30 | $0.20 | 50.0% | 1.7% |
Pilbara Minerals (PLS) | UBS | Sell | $1.60 | $1.10 | 45.5% | -25.9% |
Coronado Global (CRN) | Bell Potter | Hold | $0.27 | $0.19 | 42.1% | -8.5% |
Liontown Resources (LTR) | Barrenjoey | Underweight | $0.70 | $0.50 | 40.0% | -12.5% |
COG Financial Services (COG) | Ord Minnett | Buy | $1.92 | $1.38 | 39.1% | 11.6% |
Lynas Rare Earths (LYC) | Ord Minnett | Hold | $10.80 | $7.80 | 38.5% | -21.6% |
Pilbara Minerals (PLS) | Citi | Neutral | $1.80 | $1.30 | 38.5% | -16.7% |
Nick Scali (NCK) | CLSA | Outperform | $22.30 | $16.40 | 36.0% | -1.4% |
Mader Group (MAD) | Bell Potter | Buy | $9.00 | $6.70 | 34.3% | 14.4% |
Electro Optic Systems (EOS) | Bell Potter | Buy | $5.00 | $3.75 | 33.3% | -16.8% |
IGO (IGO) | UBS | Sell | $4.80 | $3.60 | 33.3% | -10.6% |
Coronado Global (CRN) | Barrenjoey | Underweight | $0.25 | $0.19 | 31.6% | -15.3% |
Mineral Resources (MIN) | Morgan Stanley | Overweight | $49.15 | $37.50 | 31.1% | 36.5% |
Electro Optic Systems (EOS) | Canaccord Genuity | Buy | $4.30 | $3.30 | 30.3% | -28.5% |
LGI (LGI) | Shaw and Partners | Buy | $4.60 | $3.60 | 27.8% | 17.9% |
Life360 (360) | Morgan Stanley | Overweight | $51.00 | $40.00 | 27.5% | 14.9% |
LGI (LGI) | Morgans | Accumulate | $4.20 | $3.30 | 27.3% | 7.7% |
Santos (STO) | Morgans | Accumulate | $8.65 | $6.80 | 27.2% | 9.4% |
Life360 (360) | Bell Potter | Buy | $47.50 | $37.50 | 26.7% | 7.0% |
Medallion Metals (MM8) | Canaccord Genuity | Speculative Buy | $0.80 | $0.65 | 23.1% | 185.7% |
LGI (LGI) | Canaccord Genuity | Buy | $4.30 | $3.50 | 22.9% | 10.3% |
Newmont Corporation (NEM) | Citi | Buy | $115.00 | $95.00 | 21.1% | 9.1% |
Electro Optic Systems (EOS) | Bell Potter | Buy | $3.75 | $3.10 | 21.0% | -37.6% |
Monadelphous Group (MND) | Citi | Neutral | $19.95 | $16.65 | 19.8% | -1.0% |
Light & Wonder (LNW) | Ord Minnett | Buy | $224.00 | $187.00 | 19.8% | 63.9% |
Life360 (360) | UBS | Buy | $85.00 | $71.00 | 19.7% | 91.4% |
Austal (ASB) | Macquarie | Neutral | $7.05 | $5.90 | 19.5% | 4.4% |
IGO (IGO) | Morgan Stanley | Underweight | $4.10 | $3.45 | 18.8% | -23.6% |
Origin Energy (ORG) | Ord Minnett | Hold | $12.00 | $10.10 | 18.8% | -4.7% |
Astral Resources (AAR) | Canaccord Genuity | Speculative Buy | $0.64 | $0.54 | 18.5% | 287.9% |
Nick Scali (NCK) | Citi | Buy | $24.40 | $20.64 | 18.2% | 7.9% |
BWP Trust (BWP) | Citi | Buy | $4.00 | $3.40 | 17.6% | 11.7% |
Brambles (BXB) | Citi | Neutral | $23.60 | $20.15 | 17.1% | 2.4% |
Nick Scali (NCK) | Jarden | Overweight | $20.68 | $17.71 | 16.8% | -8.6% |
Kinatico (KYP) | Bell Potter | Buy | $0.35 | $0.30 | 16.7% | 20.7% |
LGI (LGI) | Bell Potter | Buy | $4.25 | $3.65 | 16.4% | 9.0% |
Perenti (PRN) | Citi | Buy | $2.20 | $1.90 | 15.8% | 12.5% |
Life360 (360) | Ord Minnett | Accumulate | $45.00 | $39.00 | 15.4% | 1.4% |
Austal (ASB) | Citi | Neutral | $7.00 | $6.10 | 14.8% | 3.7% |
Clarity Pharmaceuticals (CU6) | Bell Potter | Speculative Buy | $5.70 | $5.00 | 14.0% | 57.5% |
Pexa Group (PXA) | JPMorgan | Overweight | $18.20 | $16.00 | 13.8% | 14.9% |
JB HI-FI (JBH) | Morgan Stanley | Underweight | $83.40 | $73.60 | 13.3% | -28.1% |
ARB Corporation (ARB) | UBS | Neutral | $35.00 | $31.00 | 12.9% | -1.5% |
Nick Scali (NCK) | Ord Minnett | Lighten | $18.00 | $16.00 | 12.5% | -20.4% |
Life360 (360) | RBC Capital Markets | Outperform | $45.00 | $40.00 | 12.5% | 1.4% |
Imdex (IMD) | Citi | Neutral | $3.15 | $2.80 | 12.5% | -6.0% |
Kingsgate Consolidated (KCN) | Canaccord Genuity | Speculative Buy | $4.50 | $4.00 | 12.5% | 59.0% |
AMP (AMP) | Jefferies | Buy | $2.02 | $1.80 | 12.2% | 13.8% |
Credit Corp Group (CCP) | Macquarie | Neutral | $18.23 | $16.27 | 12.0% | 9.2% |
Pexa Group (PXA) | CLSA | Outperform | $18.00 | $16.10 | 11.8% | 13.6% |
BHP Group (BHP) | Morgan Stanley | Overweight | $48.35 | $43.50 | 11.1% | 16.5% |
IGO (IGO) | Macquarie | Outperform | $5.00 | $4.50 | 11.1% | -6.9% |
Liontown Resources (LTR) | Barrenjoey | Underweight | $0.50 | $0.45 | 11.1% | -37.5% |
Generation Development (GDG) | Morgan Stanley | Overweight | $6.25 | $5.65 | 10.6% | -2.0% |
Lynas Rare Earths (LYC) | Morgan Stanley | Overweight | $12.15 | $11.00 | 10.5% | -11.8% |
Charter Hall Long Wale Reit (CLW) | JPMorgan | Neutral | $4.30 | $3.90 | 10.3% | -4.0% |
Nick Scali (NCK) | JPMorgan | Overweight | $21.50 | $19.50 | 10.3% | -5.0% |
Nick Scali (NCK) | Macquarie | Outperform | $21.90 | $19.90 | 10.1% | -3.2% |
Commonwealth Bank (CBA) | Citi | Sell | $110.00 | $100.00 | 10.0% | -34.2% |
Neuren Pharmaceuticals (NEU) | Bell Potter | Buy | $22.00 | $20.00 | 10.0% | 33.0% |
Electro Optic Systems (EOS) | Canaccord Genuity | Buy | $3.30 | $3.00 | 10.0% | -45.1% |
Biggest broker target price changes since last update. Target Price Upside/Downside (“TP Upside%”) values in the last column are based on closing prices as on most recent session's close.
Target Price Increases Insights 🧐
Coronado Global Resources (ASX: CRN) 🚀🚀🚀🚀🚀
Macquarie: "Result beat on costs, resulting in increases to earnings/valuation, but we still see a large valuation gap. With a highly geared balance sheet (including prepayments), macro/operational risks could lead to excessive volatility... Our TP increases 64% to $0.18 on an improved near-term earnings outlook".
Electro Optic Systems (ASX: EOS) 🚀🚀🚀🚀🚀
Canaccord Genuity: "Despite being well flagged by the company over the past 12 months, we believe the share price reaction (+35% intraday) aligns with the acceleration in contracting momentum coupled with the entrance into an exciting new growth vertical... [we] lift our DCF-based price target to $4.30 [from] $3.30 on the back of increases in our long-term growth assumptions".
Ticker | Frequency TP Increase | Average TP Change% |
|---|---|---|
CRN | 5 | +52.1% |
EOS | 5 | +37.6% |
LGI | 4 | +23.6% |
MIN | 7 | +16.4% |
360 | 7 | +15.4% |
PLS | 7 | +15.4% |
NCK | 8 | +14.6% |
ORG | 5 | +7.4% |
RMD | 5 | +6.6% |
AMP | 8 | +5.9% |
TARGET PRICE DECREASES > -10% 🪓
Company | Broker | Rating | New TP | Old TP | TP Change% | TP Upside% |
|---|---|---|---|---|---|---|
Coronado Global (CRN) | Argonaut Securities | Buy | $0.30 | $0.70 | -57.1% | 1.7% |
Appen (APX) | Ord Minnett | Buy | $1.65 | $3.30 | -50.0% | 84.4% |
Avita Medical (AVH) | Morgans | Speculative Buy | $2.00 | $3.76 | -46.8% | 15.9% |
James Hardie (JHX) | Jefferies | Buy | $34.00 | $63.00 | -46.0% | -25.6% |
Anteris Technologies (AVR) | Bell Potter | Buy | $10.00 | $15.00 | -33.3% | 70.9% |
Anteris Technologies (AVR) | Bell Potter | Speculative Buy | $10.00 | $15.00 | -33.3% | 70.9% |
Pilbara Minerals (PLS) | E&P | Positive | $2.60 | $3.90 | -33.3% | 20.4% |
Beach Energy (BPT) | Ord Minnett | Hold | $1.20 | $1.75 | -31.4% | -3.2% |
Nufarm (NUF) | Citi | Sell | $2.60 | $3.75 | -30.7% | 2.4% |
Flight Centre Travel (FLT) | Ord Minnett | Buy | $13.02 | $17.61 | -26.1% | -1.0% |
Noumi (NOU) | Bell Potter | Buy | $0.18 | $0.24 | -25.0% | 12.5% |
IGO (IGO) | RBC Capital Markets | Outperform | $4.75 | $6.00 | -20.8% | -11.5% |
Liontown Resources (LTR) | Citi | Sell | $0.40 | $0.50 | -20.0% | -50.0% |
Bluebet (BBT) | Morgans | Buy | $0.38 | $0.47 | -19.1% | 26.7% |
AGL Energy (AGL) | Morgan Stanley | Equal Weight | $9.68 | $11.88 | -18.5% | 6.7% |
Beach Energy (BPT) | Morgans | Hold | $1.16 | $1.35 | -14.1% | -6.5% |
Northern Star (NST) | Goldman Sachs | Buy | $19.00 | $22.10 | -14.0% | 5.6% |
Playside Studios (PLY) | Shaw and Partners | Buy | $0.43 | $0.50 | -14.0% | 115.0% |
Amotiv (AOV) | UBS | Buy | $10.90 | $12.60 | -13.5% | 16.6% |
Experience Co (EXP) | Ord Minnett | Buy | $0.28 | $0.32 | -12.5% | 124.0% |
JB HI-FI (JBH) | Morgan Stanley | Underweight | $73.60 | $83.40 | -11.8% | -36.6% |
GQG Partners (GQG) | UBS | Buy | $2.35 | $2.65 | -11.3% | 32.4% |
Flight Centre Travel (FLT) | RBC Capital Markets | Sector Perform | $16.00 | $18.00 | -11.1% | 21.7% |
Cosol (COS) | Bell Potter | Buy | $0.80 | $0.90 | -11.1% | 32.2% |
AGL Energy (AGL) | Jefferies | Buy | $11.43 | $12.82 | -10.8% | 26.0% |
BHP Group (BHP) | Morgan Stanley | Overweight | $43.50 | $48.35 | -10.0% | 4.8% |
Emerald Resources (EMR) | Barrenjoey | Underweight | $3.60 | $4.00 | -10.0% | 3.4% |
Biggest broker target price changes since last update. Target Price Upside/Downside (“TP Upside%”) values in the last column are based on closing prices as on most recent session's close.
Target Price Decreases Insights 🧐
Flight Centre Travel Group (ASX: FLT) 🪓🪓🪓🪓🪓🪓🪓🪓🪓🪓🪓
UBS: "The current macro uncertainty, together with disruptions relating to the Middle East have created a headwind in 2H25, which we flow through into FY26".
Light & Wonder Inc. (ASX: LNW) 🪓🪓🪓🪓🪓
Citi: "We mostly look through this challenging quarter given the macroeconomic disruptions. The stock is likely to continue to be volatile in the short term given ongoing developments in the litigation between Aristocrat and Light & Wonder. Despite this, we continue to be attracted to the longer-term growth prospects (i.e. iGaming, Grover etc.)".
Ticker | Frequency TP Decrease | Average TP Change% |
|---|---|---|
BPT | 8 | -10.2% |
FLT | 11 | -8.4% |
AGL | 7 | -7.4% |
LNW | 5 | -6.4% |
BGL | 4 | -4.6% |
ASX | 5 | -4.4% |
EDV | 4 | -1.7% |
CPU | 5 | -1.2% |
How to read broker recommendations 🔎
Typically, there are two major components of a broker’s view:
Rating: A call to action, usually along the lines of buy, hold, or sell, but depending on the broker’s ratings system, can be somewhere in between (e.g., accumulate or add is typically between a hold and a buy).
Target Price (TP): The price at which the broker expects the stock will be trading at some point in the future, generally within the next 12 months.
You'll find a full list of daily broker moves after market each day in our Evening Wrap.
