Barrenjoey upgrades Wesfarmers stock to Overweight with AUD 89.00 target

Published on 10/27/2026 at 09:33 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

FY26 revenue rose 3.40 percent to AUD 47.30 billion, while net profit fell 1.80 percent to AUD 2.90 billion. The annual meeting is October 29, 2026.

Analyst target and reporting date

Barrenjoey Markets lifted its Wesfarmers rating to Overweight and set an AUD 89.00 target on October 14, 2026.
Jarden set an AUD 83.20 target on October 2, 2026 against FY26 revenue of AUD 47.30 billion.
Wesfarmers stock was trading at EUR 49.56 at 9:29 a.m. CEST at Lang & Schwarz on October 27, 2026.
Wesfarmers had an AUD 89.5 billion market capitalization and an AUD 70.80 to AUD 94.70 52-week range on October 27, 2026.

Wesfarmers, AU000000WES1, Illustration mit AI erstellt.

Wesfarmers stock (ISIN AU000000WES1) was trading at EUR 49.56 at Lang & Schwarz on October 27, 2026 at 9:29 a.m. CEST. The latest broker action came on October 14, 2026, when Barrenjoey Markets upgraded Wesfarmers from Neutral to Overweight and set an AUD 89.00 price target, MarketScreener reported.

Broker targets move higher

The Barrenjoey decision followed an earlier Jarden view. On October 2, 2026, Jarden set an AUD 83.20 target, compared with a share price of AUD 75.77 in the report, while also citing a 3.30 percent dividend yield, Motley Fool Australia wrote. The newer AUD 89.00 target is AUD 5.80 above Jarden's level.

FY26 growth stayed measured

Wesfarmers grew fiscal-year 2026 revenue by 3.40 percent to AUD 47.30 billion, while net profit declined 1.80 percent to AUD 2.90 billion. The same report said earnings per share excluding significant items rose 8.30 percent, giving investors a mixed picture of sales growth and underlying profitability, Motley Fool Australia reported.

What does the target imply?

Against the ASX last price of AUD 78.83 at 4:14 p.m. AEDT on October 27, 2026, Barrenjoey's AUD 89.00 target lies 12.90 percent above the price. Wesfarmers' portfolio spans home improvement, general merchandise, office products, health and wellness, chemicals, fertilizers, industrial distribution and lithium operations, according to its investor center.

Three dated signals for investors

On August 26, 2026, Wesfarmers reported fiscal-year net profit of AUD 2.90 billion, as summarized by MarketWatch. On October 2, 2026, Jarden set its AUD 83.20 target. On October 14, 2026, Barrenjoey raised its rating to Overweight with an AUD 89.00 target.

Upcoming company date

Wesfarmers' annual meeting is scheduled for October 29, 2026. The date is listed in the company's investor information and follows the fiscal-year results that supplied the latest reported revenue and profit comparison.

Stock value and trading context

Wesfarmers had an AUD 89.5 billion market capitalization on October 27, 2026. Its ASX 52-week range was AUD 70.80 to AUD 94.70, placing the quoted AUD 78.83 level below the midpoint of that range and leaving the Barrenjoey target below the upper boundary.

Wesfarmers was trading at EUR 49.56 at Lang & Schwarz on October 27, 2026 at 9:29 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Wesfarmers stock.