Highlights

  • Consensus rating of Buy from 7 analysts: 3 Buy or equivalent, 4 Hold, 0 Sell or equivalent.
  • Mean price target of A$9.06 against a share price of A$5.77 on 8 October 2026, an implied upside of 57.0%.
  • Analyst targets range from A$7.00 to A$12.90.
  • Revenue grew 9% to $134.7 million, and SaaS Revenue growth was 22%.

Objective Corporation (ASX:OCL) carries a consensus analyst rating of Buy. Of the 7 analyst recommendations recorded, 3 are Buy or equivalent, 4 are Hold and 0 are Sell or equivalent. The mean price target is A$9.06, with targets ranging from A$7.00 to A$12.90, against a current share price of A$5.77 (8 October 2026). Objective Corporation Limited is a software company serving government and regulated industries, with Business lines in Information Intelligence, Planning and Building, and Regulatory Solutions.

Company name

Objective Corporation

Ticker

(ASX:OCL)

Exchange

ASX (Australian Securities Exchange)

Current share price

A$5.77

Price date

8 October 2026

Number of analysts

7

Rating consensus

Buy

Consensus price target (mean)

A$9.06

Highest target

A$12.90

Lowest target

A$7.00

Implied upside/downside to mean target

Implied upside of 57.0%

Latest developments

Objective Corporation (ASX:OCL) released its full-year results for the year ended 30 June 2026 on 27 August 2026. Revenue grew 9% to $134.7 million, and SaaS revenue growth was 22%. Adjusted EBITDA rose 11% to $51.5 million, a Margin of 39%, and net profit after tax increased 5% to $37.2 million. Earnings Per Share were 38.9 cents, up 5%, and dividends were 26.0 cents per share, up 18%.

Annualised Recurring Revenue (ARR) was $117.3 million, down 2% from $120.2 million. Research and Development Investment was $33.8 million, up 8%, equal to 30% of software revenue. Cash at balance date was $92.7 million, compared with $99.2 million.

By business line, Information Intelligence sales revenue was $87.9 million, up 5%, with ARR of $80.9 million, down 5%. Planning and Building sales revenue was $18.5 million, up 41%, with ARR of $18.7 million, up 3%. Regulatory Solutions sales revenue was $25.3 million, up 7%, with ARR of $17.6 million, up 4%. The company notes that ARR is a non-IFRS financial measure and is unaudited.

Sector context

Objective sells software to government and regulated industries, where purchasing decisions and conversion to SaaS contracts affect recurring revenue. The company's ARR declined 2% even as revenue and SaaS revenue grew.

Risks and what to watch

ARR declined 2% overall and 5% in the largest business line, Information Intelligence, even as revenue rose, so revenue growth and recurring revenue moved in different directions in FY2026. Revenue growth of 9% compares with a 41% rise in Planning and Building sales revenue from a smaller base. Cash fell $6.5 million over the year while dividends rose. Results depend on government and regulated-sector customer decisions and on conversion to SaaS contracts.

Next milestones

Items to watch include ARR trends in Information Intelligence, SaaS revenue growth, research and development spending, Dividend payments and the half-year result.