Morgans views the structural environment as supportive for flows into specialist platforms like Hub24, which should provide resilience through periods of market volatility. Flows from new adviser growth is thought to provide lagged and more stable flows.

The broker prefers Hub24 over Netwealth Group ((NWL)) due to a more compelling valuation when taking into account the growth potential of each company.

The Add rating and $32.85 target are retained.

Sector: Diversified Financials.

Target price is $32.85.Current Price is $27.02. Difference: $5.83 - (brackets indicate current price is over target). If HUB meets the Morgans target it will return approximately 18% (excluding dividends, fees and charges - negative figures indicate an expected loss).

© 2022 Acquisdata Pty Ltd., source FN Arena