Macquarie keeps AUD 94.00 target for JB Hi-Fi stock on September 18

Published on 10/17/2026 at 20:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Fiscal year 2026 revenue rose 4.80 percent to AUD 11.06 billion. JB Hi-Fi stock closed at AUD 71.41 on October 15, 2026, down 0.83 percent on the ASX.

Analyst target and trading date

Macquarie maintained a Buy rating and an AUD 94.00 target on September 18, 2026.
Fiscal year 2026 revenue reached AUD 11.06 billion after rising 4.80 percent.
JB Hi-Fi stock closed at AUD 71.41 on October 15, 2026, down 0.83 percent on the ASX.
The annual meeting is scheduled for October 29, 2026.

JB Hi-Fi, AU000000JBH7, Illustration mit AI erstellt.

Macquarie maintained a Buy rating and an AUD 94.00 price target for JB Hi-Fi Limited in a report dated September 18, 2026, according to The Globe and Mail. Against the ASX closing price of AUD 71.41 on October 15, 2026, that target is 31.64 percent higher. JB Hi-Fi stock closed at AUD 71.41 on October 15, 2026, down 0.83 percent on the ASX.

Revenue reached AUD 11.06 billion

JB Hi-Fi reported fiscal year 2026 revenue of AUD 11.06 billion, up 4.80 percent from fiscal year 2025. Net income reached AUD 489.90 million, a 5.90 percent increase, while earnings per share rose to AUD 4.48 from AUD 4.23. These reported figures were carried by Simply Wall St in its fiscal year 2026 earnings update.

ASX price stays below target

The latest completed ASX session put the stock 24.03 percent below Macquarie's AUD 94.00 target, using the October 15, 2026 closing price. That gap places the analyst view well above the market level, but the target remains an external estimate rather than a company forecast.

The share price also needs to be read alongside earnings quality. Fiscal year 2026 revenue growth of 4.80 percent was accompanied by 5.90 percent net income growth, while the reported profit margin was 4.40 percent. The combination gives investors a concrete comparison between sales expansion and bottom-line growth.

Annual meeting set for October 29

JB Hi-Fi's next scheduled corporate date is its annual meeting on October 29, 2026, as listed by Simply Wall St. The meeting follows the fiscal year 2026 results and gives shareholders the next dated corporate event in the calendar.

Price and target in perspective

JB Hi-Fi operates consumer electronics, appliance and home entertainment brands across Australia and New Zealand. Its investor-relations page describes a group with more than 340 stores and online operations serving retail, commercial, insurance and education customers.

The last completed ASX session ended at AUD 71.41 on October 15, 2026, with the stock down 0.83 percent on the day. The price was below Macquarie's AUD 94.00 target, while fiscal year 2026 revenue and net income both increased from the prior year.