UBS upgrades Netwealth stock to Buy at AUD 22.00

Published on 10/14/2026 at 06:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Fiscal 2026 income rose 20.60 percent to AUD 391.10 million. For Netwealth stock, FY27 flows are guided at AUD 18.00-20.00 billion.

Analyst upgrade and reporting dates

UBS analyst Kieren Chidgey set a AUD 22.00 target for Netwealth on October 12, 2026.
Fiscal 2026 total income reached AUD 391.10 million, up 20.60 percent.
Netwealth's September quarter trading update is scheduled for October 15, 2026.

Netwealth, AU000000NWL7, Illustration mit AI erstellt.

UBS analyst Kieren Chidgey upgraded Netwealth Group Ltd to Buy and set a AUD 22.00 price target on October 12, 2026, according to The Globe and Mail. The call gives Netwealth stock a fresh analyst benchmark before the platform operator's next trading update.

Three dated milestones

On August 26, 2026, Netwealth reported fiscal 2026 results with total income of AUD 391.10 million and adjusted net profit after tax of AUD 135.40 million, according to Kapitales Research. Funds under administration rose 20.30 percent to AUD 135.70 billion, while the statutory net profit attributable to members was AUD 60.60 million after AUD 105.20 million of First Guardian-related expenses.

On October 2, 2026, Bell Potter retained its Buy rating but cut its target from AUD 30.00 to AUD 25.00. Motley Fool Australia reported that the broker expected first-quarter net inflows of AUD 3.20 billion against consensus of AUD 3.50 billion.

What does the flow outlook imply?

Netwealth's fiscal 2027 guidance calls for funds-under-administration net flows of AUD 18.00 billion to AUD 20.00 billion, while Bell Potter's first-quarter estimate sits below consensus. That gap makes adviser and client flows the key operating test for the next update, especially after the broker cited weaker equity markets and a one-off institutional outflow of AUD 0.60 billion.

Next dates for shareholders

Netwealth's September quarter trading update is scheduled for October 15, 2026, followed by the annual general meeting on November 11, 2026, according to the company's Shareholder Centre. The company had a market capitalization of AUD 4.1 billion on October 14, 2026, and trades on the ASX under the ticker NWL.

Market context: Market report S&P ASX 200.