RBC set AUD 1.25 target for Tabcorp stock
Published on 10/13/2026 at 00:08 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey points in brief
- RBC initiated coverage with an AUD 1.25 price target for Tabcorp on September 23, 2026.
- Tabcorp reported FY2026 revenue of AUD 2.64 billion, up 0.80 percent, and EBITDA of AUD 431.70 million, up 10.30 percent.
- The latest ASX quote was AUD 0.86 on October 12, 2026, with a 52-week range of AUD 0.66 to AUD 1.19.
- Revised TAB account terms are scheduled to take effect on October 30, 2026.
RBC set an AUD 1.25 price target for Tabcorp stock in a research note dated September 23, 2026, initiating coverage with an Outperform rating, as Motley Fool Australia reported. The target gives the analyst view a concrete benchmark while Tabcorp continues its operational turnaround.
Three milestones shape the turnaround
On August 10, 2026, Tabcorp signed a binding scheme implementation deed to acquire BetMakers Technology Group, with planned annual cost synergies of AUD 30.00 million by the end of year two, according to Kapitales Research.
On August 26, 2026, Tabcorp reported fiscal 2026 revenue of AUD 2.64 billion, up 0.80 percent, while EBITDA rose 10.30 percent to AUD 431.70 million. The company also declared total fiscal 2026 dividends of AUD 0.03 per share, up 50.00 percent from the prior year, as Yahoo Finance reported from the earnings call.
On October 30, 2026, revised TAB account terms are scheduled to take effect. The changes include restrictions on overseas access and expanded powers around identity checks, bet voiding and delayed withdrawals, according to RaceHub.
What does the target imply?
RBC's AUD 1.25 target stands 45.35 percent above the latest AUD 0.86 ASX quote. That comparison is not a forecast by this article; it shows the gap between the September analyst benchmark and the October market level.
The earnings mix gives the target a measurable operating foundation. EBITDA growth of 10.30 percent outpaced revenue growth of 0.80 percent in fiscal 2026, while the company said its EBITDA margin improved by 140 basis points to 16.40 percent.
ASX quote remains below yearly high
Tabcorp was last quoted at AUD 0.86 on the ASX on October 12, 2026 at 4:10 p.m. AEDT. Its 52-week range was AUD 0.66 to AUD 1.19, placing the quote 27.73 percent below the high.
The company has also described further investment in fiscal 2027, including up to AUD 160.00 million of capital expenditure and AUD 65.00 million for new electronic betting terminals. The next dated company item is October 30, 2026, when the revised TAB terms take effect, according to RaceHub.
The further course of trading is shown by the continuously updated real-time quote of Tabcorp stock.
Tabcorp market facts
- Company: Tabcorp Holdings Limited
- ISIN: AU000000TAH8
- Ticker: TAH
- Primary exchange: ASX
- Market capitalization: AUD 2.0 billion (as of October 12, 2026)
- 52-week range: AUD 0.66-AUD 1.19 (as of October 12, 2026)
- Sector / Industry: Consumer discretionary / wagering, media and integrity services
- Index membership: S&P/ASX 200
Market context: Market report S&P/ASX 200.
