Praemium Bull Says Client Wins are Moving the Needle
Dow Jones
Jul 23
0033 GMT - Praemium's bull at Bell Potter says new client wins are starting to move the needle at the Australian wealth platform provider. Analyst Hayden Nicholson says Praemium called out the new client wins for the first time in its most recent quarterly update, and draws attention to strong demand and multiyear contract renewals seen by the company. Net inflows of 316 million Australian dollars fell short of expectations for A$628 million, but Nicholson still considers the fourth-quarter result a strong one. He reiterates his target price of A$1.20 and keeps a buy rating on the stock, which is down 1.4% at A$0.70. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
July 22, 2026 20:33 ET (00:33 GMT)
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