07-05-2025
Accent Group Ltd (AX1) Gets a Buy from Morgan Stanley
In a report released today, Joseph Michael from Morgan Stanley maintained a Buy rating on Accent Group Ltd (AX1 – Research Report), with a price target of A$2.50. The company's shares opened today at A$1.85.
Protect Your Portfolio Against Market Uncertainty
Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
According to TipRanks, Michael is a 4-star analyst with an average return of 12.1% and a 51.90% success rate.
Currently, the analyst consensus on Accent Group Ltd is a Moderate Buy with an average price target of A$2.38.
Based on Accent Group Ltd's latest earnings release for the quarter ending December 29, the company reported a quarterly revenue of A$775.96 million and a net profit of A$47.18 million. In comparison, last year the company earned a revenue of A$739.1 million and had a net profit of A$42.24 million
