Highlights:

  • Canaccord Genuity, E&P, and Shaw and Partners reiterate bullish outlook on Iress.
  • Canaccord Genuity and Shaw and Partners maintain ‘Buy’ ratings with target prices of AUD 11.52 and AUD 9.50 per share respectively.
  • E&P continues to rate the stock as ‘Positive’ with a target of AUD 10.01 per share.
  • The average target price across these brokerages stands near AUD 10.33.
  • Iress has confirmed its FY25 guidance and launched a FY26 business efficiency program aimed at delivering a sustainable ~25% Cash EBITDA margin.

Iress Limited (ASX:IRE) has received a series of reaffirmed ‘Buy’ and ‘Positive’ recommendations from leading brokerage firms following its latest business update and FY25 guidance confirmation.

Canaccord Genuity analyst Cameron Halkett maintained a ‘Buy’ rating on Iress, assigning a target price of AUD 11.52 per share. The

Similarly, Shaw and Partners analyst Jack Daley reaffirmed a ‘Buy’ recommendation with a target price of AUD 9.50.

E&P maintained its ‘Positive’ rating on Iress, setting a target price of AUD 10.01 per share.

Across these brokerages, the average target price now stands at approximately AUD 10.33, reflecting an implied upside potential of 8.62% relative to the company’s current share price of around AUD 9.51. As per Refinitiv data, the current consensus recommendation is ‘Buy’ (2.29), with an estimated long-term growth rate of 9.52%.

Iress recently confirmed and narrowed its FY25 guidance, projecting Adjusted EBITDA in the range of AUD 128–132 million and Underlying Profit After Tax (UPAT) between AUD 67–71 million.

Looking ahead, Iress announced a FY26 business efficiency program designed to further enhance operating leverage and deliver sustainable structural efficiencies across the organisation. The initiative targets a Cash EBITDA margin of approximately 25% by the end of FY26, compared to the ~19% expected for FY25.

The company’s transformation follows the divestment of six non-core businesses over the past two years, which has boosted  its balance sheet and sharpened focus on its two global enterprise software units — Wealth and Trading & Market Data. These core segments are supported by new investments in AI-driven solutions, product innovation, and enhanced client engagement platforms.

With multiple brokerages maintaining Buy and Positive ratings, the overall analyst sentiment toward Iress remains optimistic.