Wesfarmers stock: On the ASX, Wesfarmers stock gains 3.76 percent
Published on 10/23/2026 at 15:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSPrice and targets
- Wesfarmers stock gained 3.76 percent on October 23, 2026.
- Barrenjoey upgraded Wesfarmers to Overweight and set an AUD 89.00 target on October 14, 2026.
- Wesfarmers stock costs AUD 80.29 on the ASX on October 23, 2026, 10.84 percent below the target.
- FY26 revenue rose 3.40 percent to AUD 47.27 billion.
Wesfarmers (AU000000WES1) gained 3.76 percent on the ASX to AUD 80.29 on October 23, 2026, at 4:14 p.m. AEDT, compared with the prior close of AUD 77.38. The move gives the stock report its strongest signal, while a recent broker upgrade provides the main valuation reference.
Wesfarmers posted FY26 revenue of AUD 47.27 billion, up 3.40 percent from AUD 45.70 billion in FY25, according to Veye on September 28, 2026. The figure keeps the retail businesses at the center of the investment case, even as the share price remains below its annual high.
Broker target stays above price
Barrenjoey upgraded Wesfarmers to Overweight from Neutral and set an AUD 89.00 price target on October 14, 2026, as reported by MarketScreener. The target lies 10.84 percent above the ASX price of AUD 80.29.
Ord Minnett also assigned a Buy rating and an AUD 89.00 target on October 14, 2026, according to Business Insider. The repeated target level creates a clear comparison, but it remains an analyst estimate rather than a company commitment.
Price position and valuation
Wesfarmers traded between AUD 70.80 and AUD 94.70 over the 52 weeks to October 23, 2026. At AUD 80.29, the stock stood 15.26 percent below the high and 13.41 percent above the low. Its market capitalization was AUD 91.2 billion, and its price-to-earnings ratio was 31.74 on the same date.
Comparison with peers
Wesfarmers: up 3.76 percent, price-to-earnings ratio 31.74, market capitalization AUD 91.2 billion.
Coles Group (ASX, AUD): up 0.16 percent, price-to-earnings ratio 30.31, market capitalization AUD 33.0 billion.
Woolworths Group (ASX, AUD): up 0.10 percent, price-to-earnings ratio 45.38, market capitalization AUD 50.9 billion.
What comes next
Wesfarmers reported its FY26 results on August 26, 2026, with the next reporting date listed as August 2027 in the annual reporting cycle. The latest full-year comparison remains the key operating reference: revenue increased 3.40 percent, while the share price is 10.84 percent below the Barrenjoey target.
Stock remains below its target
For investors, the current setup combines a 3.76 percent daily gain with a target that is 10.84 percent above the ASX price. That gap is measurable, but it depends on future execution across Wesfarmers' retail and industrial operations.
Market context: Market report S&P/ASX 200.
