Bell Potter cut target for Imdex stock to AUD 3.80
Published on 10/13/2026 at 03:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey points in brief
- Bell Potter cut Imdex's target from AUD 4.00 to AUD 3.80 on October 8, 2026.
- Fiscal 2026 revenue reached AUD 520.09 million, up 20.56 percent year over year.
- Imdex's annual general meeting is scheduled for October 16, 2026, in Perth.
- The Lang & Schwarz quote stood at EUR 2.09 on October 12, 2026.
Bell Potter cut its Imdex target from AUD 4.00 to AUD 3.80 on October 8, 2026, according to FNArena. The Hold rating stayed in place, making the revised target the latest dated broker signal for Imdex stock.
Three broker signals shape the stock
On August 18, 2026, Macquarie set an AUD 5.00 target after Imdex reported fiscal 2026 revenue growth of 21 percent, according to FNArena. On August 19, 2026, Ord Minnett upgraded the stock to Buy and set an AUD 4.50 target after record fiscal 2026 revenue and earnings, the same FNArena report said.
Bell Potter's October 8, 2026 target cut brought the visible broker range down from AUD 5.00 to AUD 3.80. The sequence gives investors a clear comparison: the latest target is AUD 1.20 below Macquarie's August target and AUD 0.70 below Ord Minnett's target.
Fiscal 2026 delivered double-digit growth
Imdex reported fiscal 2026 revenue of AUD 520.09 million, compared with AUD 431.40 million in fiscal 2025, a 20.56 percent increase, according to Investing.com. The same financial summary lists fiscal 2026 operating income at AUD 84.15 million and net income at AUD 79.44 million, placing the target cut against a year of higher reported revenue and profit.
Imdex develops drilling optimization products, sensors, software and data services for mining companies. Its investor-relations description says the technology is designed to help customers find, define and mine orebodies with greater speed and precision, while its AMC and REFLEX offerings cover drilling and geoscience workflows, according to Imdex.
What does the target cut change?
At AUD 3.25 on the ASX at 12:21 p.m. AEDT on October 13, 2026, the latest broker target of AUD 3.80 stood 16.92 percent above the quoted share price. The calculation uses the same AUD currency and shows that the revised target still sits above the market quote, even after Bell Potter reduced it.
Annual meeting comes next
Imdex's annual general meeting is scheduled for October 16, 2026, in Perth, according to TipRanks. The meeting places the broker revisions alongside a near-term corporate date and gives shareholders a formal setting to review the company's strategy and operating performance.
Euro quote remains dated
The Lang & Schwarz quote stood at EUR 2.09 on October 12, 2026 at 11:00 p.m. CEST. On the ASX, the stock was quoted at AUD 3.25 on October 13, 2026 at 12:21 p.m. AEDT, while the one-year range was AUD 3.00 to AUD 4.59 and market capitalization was AUD 1.7 billion as of that date.
The further course of trading is shown by the continuously updated real-time quote of Imdex stock.
Imdex stock facts
- Company: Imdex Limited
- ISIN: AU000000IMD5
- Ticker: IMD
- Primary exchange: ASX
- Last price Lang & Schwarz (as of October 12, 2026, 11:00 p.m. CEST): EUR 2.09
- Market capitalization: AUD 1.7 billion (as of October 13, 2026)
- 52-week range: AUD 3.00-4.59 (as of October 13, 2026)
- Sector / Industry: Industrials / Industrial - Machinery
Market context: Market report S&P ASX 200.
