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REAL-TIME GLOBAL RESEARCH

Hub24 Ltd | Asia Pacific: Research Tactical Idea

Published: 2026-10-16Institution: Morgan StanleyCompany / ticker: HUB.AXPages: 8Original language: English

Key takeaways

Price target15,
PriceA$121.00
  • We believe the share price will rise in absolute terms over the next 15 days.
  • This is because of an earnings release.
  • Our recent channel checks suggest that Investor Directed Portfolio Service (IDPS) inflows have moderated relative to superannuation, as advisors navigate tax and budget implications and clients await greater clarity on t

Figures are read from the report's first page; the summary is built from the report's own key-takeaway sentences. No model-generated text.

Research evidence excerpt

We believe the share price will rise in absolute terms over the next 15 days.

This is because of an earnings release. Our recent channel checks suggest that Investor Directed Portfolio Service (IDPS) inflows have moderated relative to superannuation, as advisors navigate tax and budget implications and clients await greater clarity on the macro environment. This is consistent with NWL's softer 1Q27 net inflows reported on 15 October, which saw the stock fall c.8%, with HUB also declining c.5% (vs. ASX 200 Financials +2.2%). Importantly, NWL's super inflows remained resilient, growing +16.8% vs. pcp. Given HUB's greater exposure to super, relative to NWL, we expect its net inflows to be more resilient in the near term and view the recent share price weakness as overdone.

Hub24 Ltd (HUB.AX, HUB AU)

Australia Emerging Companies | Australia

We estimate that there is about a 70% to 80% (or "very likely") probability for the scenario.

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