Bell Potter cuts Seek stock from Buy to Hold

Published on 10/13/2026 at 05:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Seek stock posted AUD 199.1 million adjusted profit in fiscal 2026, up 28.00 percent. Revenue hit AUD 1.2842 billion, up 17.00 percent in fiscal 2026.

Key points in brief

Bell Potter downgraded SEEK from Buy to Hold on September 22, 2026.
Seek reported fiscal 2026 sales revenue of AUD 1.2842 billion, up 17.00 percent.
Adjusted profit rose 28.00 percent to AUD 199.1 million in fiscal 2026.
SEEK stock stood at AUD 12.82 on the ASX on October 13, 2026, 54.54 percent below its 52-week high.

Seek, AU000000SEK6, Illustration mit AI erstellt.

Bell Potter Securities downgraded SEEK from Buy to Hold on September 22, 2026, according to Fintel. The move followed SEEK's fiscal 2026 results, which showed adjusted profit of AUD 199.1 million, up 28.00 percent, and sales revenue of AUD 1.2842 billion, up 17.00 percent, according to Simply Wall St.

Three signals shaped the stock

On August 12, 2026, SEEK reported fiscal 2026 sales revenue of AUD 1.2842 billion, a 17.00 percent increase. The same report showed EBITDA of AUD 529.9 million, up 15.00 percent, while free cash flow reached AUD 246.0 million, up 21.00 percent, according to Simply Wall St.

On September 1, 2026, the analyst recommendation tally covered 17 ratings, including 4 strong buys, 8 buys and 5 holds. The positive share was 70.60 percent, down from 82.40 percent in the August 1, 2026 tally, according to Fintel.

On September 22, 2026, Bell Potter's change from Buy to Hold supplied the clearest recent analyst signal. Fintel also reported a mean consensus target of AUD 18.89 on September 17, 2026, versus a prior mean of AUD 19.01 on August 28, 2026, a 0.63 percent reduction.

What changed beneath the growth?

The operating figures remained positive, but the composition matters. SEEK's fiscal 2026 statutory result was a loss of AUD 371.3 million, reflecting an AUD 356.0 million impairment of its Zhaopin holding and AUD 201.0 million of losses in the SEEK Growth Fund, according to Simply Wall St.

For fiscal 2027, SEEK guided to revenue of AUD 1.210 billion to AUD 1.280 billion, compared with AUD 1.2842 billion in fiscal 2026. The range points to a flatter revenue outlook even after the 17.00 percent fiscal 2026 increase.

Stock remains below its yearly high

SEEK was quoted at AUD 12.82 on the ASX on October 13, 2026. Its 52-week range was AUD 10.86 to AUD 28.20, placing the stock 54.54 percent below the high; market capitalization was AUD 4.6 billion on the same date.

The next question is whether pricing power can offset weaker advertising volumes. Fiscal 2026 yield growth supported revenue and EBITDA, while the fiscal 2027 revenue range signals that volume and demand remain central to the valuation.

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