Barrenjoey upgrades Wesfarmers stock to Overweight at AUD 89.00

Published on 10/22/2026 at 10:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

FY26 revenue rose 3.40 percent to AUD 47.27 billion. Wesfarmers stock costs EUR 48.37 on October 22, 2026 at Lang & Schwarz in trading.

Investor facts for October

On October 14, 2026, Barrenjoey moved Wesfarmers to Overweight with an AUD 89.00 target.
Fiscal 2026 revenue rose 3.40 percent to AUD 47.27 billion.
Wesfarmers stock traded at EUR 48.37 at 9:59 a.m. CEST at Lang & Schwarz on October 22, 2026.
The annual meeting is scheduled for October 29, 2026.

Wesfarmers, AU000000WES1, Illustration mit AI erstellt.

Wesfarmers (ISIN AU000000WES1) was trading at EUR 48.37 at Lang & Schwarz on October 22, 2026, at 9:59 a.m. CEST. The latest analyst catalyst came on October 14, 2026, when Barrenjoey upgraded the stock to Overweight and set an AUD 89.00 price target, according to MarketScreener.

Target change sets the tone

Barrenjoey's move adds to a mixed valuation picture. MarketScreener lists a 14-analyst consensus of Hold and an average target of AUD 76.17, while the latest Barrenjoey target stands at AUD 89.00. The rating change therefore gives investors a clear contrast between the bullish individual view and the broader consensus.

What supports the higher target?

Wesfarmers entered fiscal 2027 after revenue increased 3.40 percent from AUD 45.70 billion in fiscal 2025 to AUD 47.27 billion in fiscal 2026. Underlying EBIT rose 7.30 percent to AUD 4.49 billion, and underlying net profit after tax increased from AUD 2.65 billion to AUD 2.87 billion, according to Veye. Bunnings earnings improved 5.00 percent, Kmart earnings grew 6.00 percent and WesCEF earnings rose 18.50 percent to AUD 473.00 million.

Morgans maintained an Accumulate rating after the August 27, 2026 results and raised its target to AUD 85.00 from AUD 81.10. The research house said Wesfarmers was investing for growth while facing value-conscious consumers and higher fiscal 2027 capital expenditure, according to Morgans.

Three dates define the sequence

On August 27, 2026, Wesfarmers reported fiscal 2026 revenue of AUD 47.27 billion. On October 1, 2026, Jarden maintained a Buy rating with an AUD 83.20 target. On October 14, 2026, Barrenjoey upgraded the stock to Overweight with an AUD 89.00 target.

Next corporate date

Wesfarmers' next substantiated event is its annual meeting on October 29, 2026, as listed by Simply Wall St.

Stock trades before the meeting

The euro quotation places Wesfarmers below the AUD 89.00 Barrenjoey target in a separate currency frame, while the company enters the annual-meeting period with fiscal 2026 underlying net profit of AUD 2.87 billion.

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