Bell Potter downgrades Seek stock from Buy to Hold

Published on 10/02/2026 at 13:53 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

FY26 sales revenue rose 17.00 percent to AUD 1.28 billion. Seek stock costs EUR 7.38 on October 2, 2026 after EUR 7.28, plus 1.37 percent.

Seek, AU000000SEK6, Illustration mit AI erstellt.

Seek (AU000000SEK6) was trading at EUR 7.38 at Lang & Schwarz on October 2, 2026 at 1:42 p.m. CEST, up 1.37 percent versus the prior close of EUR 7.28. The latest analyst signal came on September 22, 2026, when Bell Potter Securities downgraded Seek from Buy to Hold, as Fintel reported.

Rating pressure follows fiscal 2026 growth

Seek's fiscal 2026 sales revenue reached AUD 1.28 billion, an increase of 17.00 percent, while adjusted profit rose 28.00 percent to AUD 199.10 million. Those figures were reported in a September 27 analysis by Simply Wall St.

The same fiscal 2026 review recorded a statutory loss of AUD 371.30 million, setting the adjusted profit improvement against substantial balance-sheet charges. For investors, the contrast matters because the operating gains did not translate into a positive statutory result.

Fiscal 2027 outlook stays restrained

Seek's fiscal 2027 guidance calls for revenue of AUD 1.21 billion to AUD 1.28 billion, compared with fiscal 2026 sales revenue of AUD 1.28 billion. The guidance range therefore places the midpoint below the prior year's reported sales figure, despite the 17.00 percent fiscal 2026 increase.

The fiscal 2026 analysis also cited adjusted profit guidance of AUD 185.00 million to AUD 215.00 million for fiscal 2027. That range sits below the fiscal 2026 adjusted profit of AUD 199.10 million at its lower end and above it at the upper end, leaving volume trends and pricing power as central variables.

Seek remains listed on the ASX

SEEK's investor center identifies the company as listed on the Australian Securities Exchange under symbol SEK, while master data from Global Banking and Finance Review assigns the security to the Communication Services sector and confirms ISIN AU000000SEK6. The primary listing is in AUD, while the reference quote for this article is the euro price from Lang & Schwarz.

Stock gains 1.37 percent in trading

Seek was trading at EUR 7.38 at Lang & Schwarz on October 2, 2026 at 1:42 p.m. CEST, plus 1.37 percent versus the Lang & Schwarz prior close of EUR 7.28 on October 1, 2026. The primary-exchange quote was AUD 11.95 on October 2, 2026 at 6:13 a.m. UTC, with market capitalization of AUD 4.3 billion and a 52-week range of AUD 10.86 to AUD 28.82.