Barrenjoey upgrades Wesfarmers to Overweight: AUD 89.00 target for Wesfarmers stock

Published on 10/26/2026 at 09:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Quarterly revenue reached AUD 23 billion for the quarter ending June 30, 2026. Wesfarmers stock costs EUR 49.65 on October 26, 2026, while its ASX range is AUD 70.80 to AUD 94.70.

Analyst upgrade and operating results

Barrenjoey Markets upgraded Wesfarmers to Overweight with an AUD 89.00 target on October 14, 2026.
Quarterly revenue reached AUD 23 billion for the period ending June 30, 2026, versus AUD 22.14 billion a year earlier.
Wesfarmers stock trades at EUR 49.65 at 9:38 a.m. CET at Lang & Schwarz on October 26, 2026.

Wesfarmers, AU000000WES1, Illustration mit AI erstellt.

Wesfarmers (ISIN AU000000WES1) was trading at EUR 49.65 at Lang & Schwarz on October 26, 2026 at 9:38 a.m. CET. The latest analyst action came on October 14, 2026, when Barrenjoey Markets upgraded the company to Overweight and set an AUD 89.00 price target, as reported by MarketScreener.

Three analyst steps since October

The recent sequence shows a progressively higher published target. On October 1, 2026, Jarden maintained a Buy rating with an AUD 83.20 target, according to Markets Insider. On October 5, 2026, Macquarie maintained Buy with an AUD 85.00 target, according to Markets Insider. Barrenjoey's October 14, 2026 upgrade to Overweight and AUD 89.00 target was the latest step.

What does the target mean for valuation?

The AUD 89.00 target stands 12.62 percent above the AUD 79.03 ASX price reported for October 26, 2026. That gap is narrower than the company's full AUD 70.80 to AUD 94.70 52-week range, placing the target below the annual high while keeping it above the latest market level.

Revenue grew while profit fell

Wesfarmers reported quarterly revenue of AUD 23 billion for the period ending June 30, 2026, compared with AUD 22.14 billion in the prior-year period. Net profit was AUD 1.27 billion, down from AUD 1.46 billion a year earlier, according to Markets Insider. The contrast gives the analyst upgrade a more demanding backdrop: revenue expanded, but earnings conversion weakened in the reported quarter.

Stock level for German investors

The stock's primary listing is on the ASX, where the October 26, 2026 quote was AUD 79.03 at 4:10 p.m. AEDT and the market capitalization was AUD 89.7 billion. Wesfarmers operates retail, industrial, chemicals, energy, fertilizer and health businesses, with Bunnings, Kmart and Officeworks among its major operations.

Wesfarmers was trading at EUR 49.65 at Lang & Schwarz on October 26, 2026 at 9:38 a.m. CET.

The further course of trading is shown by the continuously updated real-time quote of Wesfarmers stock.