ALS stock falls 2.66 percent and Bell Potter cuts its target

Published on 10/08/2026 at 05:59 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Bell Potter set a AUD 24.00 target for ALS on October 7, 2026, after a 7.7 percent cut. The ASX quote stood at AUD 20.53 on October 8, 2026, with a 52-week span of AUD 19.28 to AUD 26.17.

ALS, AU000000ALQ6, Illustration mit AI erstellt.

ALS stock (ISIN AU000000ALQ6) fell 2.66 percent to AUD 20.53 on the ASX on October 8, 2026, at 2:38 p.m. AEDT. The move came as Bell Potter cut its price target to AUD 24.00, a 7.7 percent reduction, on October 7, 2026, according to TradingView.

Bell Potter lowers its target

The revised AUD 24.00 target remains above the October 8 trading price of AUD 20.53, leaving a 16.9 percent difference based on the two quoted values. Bell Potter's Buy rating was reported alongside the target reduction, making the change a more cautious valuation signal rather than a change in the firm's stated rating.

The target revision follows a strong fiscal 2026 operating base. According to Reuters, ALS generated AUD 3,320.1 million of revenue in fiscal 2026, up from AUD 2,999.4 million in fiscal 2025, while net income rose to AUD 318.7 million from AUD 256.2 million.

Revenue growth meets a valuation reset

Revenue therefore increased 10.7 percent year over year, while net income advanced 24.4 percent on the same annual basis. That combination gives the target cut a clear investor tension: operating figures improved, but the latest Bell Potter valuation is lower.

ALS operates testing, measurement and inspection businesses across Commodities and Life Sciences. The company says its activities serve mining, environmental, food, pharmaceutical and other industrial customers through a global testing network, according to its investor-relations page.

Stock remains below its yearly high

At AUD 20.53, ALS stock was 21.5 percent below its 52-week high of AUD 26.17 and 6.5 percent above its 52-week low of AUD 19.28 on October 8, 2026. The session range was AUD 20.39 to AUD 20.94, with volume of 690,921 shares and a market capitalization of AUD 10.4 billion.

MarketScreener lists an Outperform consensus from 13 analysts, with an average target of AUD 24.28 and a 16.41 percent spread above its displayed reference price, according to MarketScreener. The consensus target is AUD 3.75 above the October 8 quote, while Bell Potter's new target is AUD 3.47 higher.

ALS stock trades at AUD 20.53

ALS stock was last at AUD 20.53 on the ASX on October 8, 2026, at 2:38 p.m. AEDT, down 2.66 percent from the prior close of AUD 21.09. The next earnings release is listed for November 23, 2026, according to MarketScreener.