Morgans upgrades Hub24 stock to Buy with AUD 86.00 target

Published on 10/25/2026 at 02:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Morgans rates Hub24 stock Buy. First-quarter inflows reached AUD 4.0 billion, down 23.00 percent, and total FUA hit AUD 168.6 billion.

Broker view and platform scale

Morgans upgraded Hub24 stock to Buy with an AUD 86.00 target on October 23, 2026.
Platform net inflows reached AUD 4.0 billion in the first quarter of fiscal year 2027.
Total funds under administration rose 15.00 percent to AUD 168.6 billion by September 30, 2026.
Hub24's next listed earnings release is scheduled for January 18, 2027.

Hub24, AU000000HUB4, Illustration mit AI erstellt.

Hub24 Limited (AU000000HUB4) received a Buy upgrade from Morgans with an AUD 86.00 price target on October 23, 2026, as The Motley Fool Australia reported. The broker's view followed Hub24's first-quarter fiscal year 2027 platform update, which showed slower flows but continued asset growth.

Flows slow as assets expand

Financial Standard reported on October 20, 2026, that platform net inflows fell 23.00 percent year over year to AUD 4.0 billion in the September quarter. The prior-year comparison was AUD 5.2 billion, making the latest figure a clear slowdown in flow momentum.

Total funds under administration reached AUD 168.6 billion on September 30, 2026, up 15.00 percent from the prior corresponding period. Platform funds under administration rose 18.00 percent to AUD 143.7 billion, while 45 new licensee agreements were signed during the quarter, according to The Motley Fool Australia.

What does the target mean?

The AUD 86.00 target places the broker view above Hub24's ASX closing price of AUD 67.21 on October 23, 2026. The same trading reference showed a 52-week range of AUD 58.71 to AUD 117.80, so the stock sat AUD 8.50 above its yearly low and AUD 50.59 below its yearly high.

Three dated signals for investors

On July 30, 2026, Taylor Collison started coverage at Outperform with an AUD 100.00 target, according to MarketScreener. On August 17, 2026, Hub24 announced a fully franked final dividend of AUD 0.42 per share for the six months ended June 30, 2026, as reported by Simply Wall St. The October 20, 2026, first-quarter update then put AUD 168.6 billion of total funds under administration at the center of the investment case.

Next reporting date

The next explicitly listed reporting date is January 18, 2027, for the second-quarter fiscal year 2027 earnings release, according to MarketScreener. That date gives investors the next scheduled checkpoint for whether platform flows stabilize after the first-quarter decline.

ASX context remains important

Hub24 is an Australian financial services company serving advisers and wealth managers through platform, technology, and data products. Its ASX listing closed at AUD 67.21 on October 23, 2026, with a market capitalization of AUD 5.5 billion. The further course of trading is shown by the continuously updated real-time quote of Hub24 stock.