Morgans sets AUD 35.67 target for National Australia Bank stock

National Australia Bank (AU000000NAB4) received an AUD 35.67 price target from Morgans Financial on October 26, 2026, putting the target 13.00 percent below the ASX price of AUD 41.00. The target was reported by MarketScreener. NAB stock was trading at EUR 25.68 at Lang & Schwarz on October 26, 2026 at 3:35 p.m. CEST.

Third-quarter earnings provide context

NAB reported third-quarter net profit of AUD 1.81 billion on August 17, 2026, an increase of 9 percent from the comparable period. Underlying profit rose 6 percent to AUD 2.90 billion, cash earnings increased 4 percent to AUD 1.83 billion, and net operating income climbed 5 percent to AUD 5.50 billion, according to RTTNews. The figures give the target discussion a recent earnings reference rather than relying only on valuation.

ASX price remains below the target

The ASX price of AUD 41.00 on October 26, 2026 was 13.00 percent above Morgans Financial's AUD 35.67 target. NAB's 52-week range was AUD 35.48 to AUD 49.45, while its market capitalization stood at AUD 127.6 billion. The stock's price-to-earnings ratio was 21.35, and the trailing dividend yield was 0.04 percent.

When are NAB results due?

NAB's shareholder center lists November 5, 2026 for the 2026 full-year results announcement and records an interim dividend of AUD 0.85 per ordinary share. The same page dates the third-quarter trading update to August 17, 2026, providing the next formal reporting milestone for investors. The bank is listed on the ASX under the ticker NAB, and its shares are included in the ASX 200.

How does NAB compare?

National Australia Bank: down 0.75 percent, P/E 21.35, market capitalization AUD 127.6 billion.

Commonwealth Bank of Australia (ASX, AUD): down 0.49 percent, P/E 25.11, market capitalization AUD 272.8 billion.

Westpac Banking Corporation (ASX, AUD): down 0.71 percent, P/E 18.00, market capitalization AUD 124.7 billion.

Target and price in perspective

The analyst target, recent earnings and November reporting date provide three concrete reference points for NAB. The euro quotation was below the latest Australian-market price because the two figures use different currencies and venues. NAB's current position is therefore best read through the dated target, earnings period and upcoming results date.

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

Market context: Market report S&P/ASX 200.

More news and analyses on National Australia Bank stock