ReadyTech (ASX:RDY) Backed by Buy Recommendations from Shaw, Ord Minnett, and Jefferies

Sonal Goyal

01 September 2025 10:34 AM AEST

ReadyTech (ASX:RDY) Backed by Buy Recommendations from Shaw, Ord Minnett, and Jefferies

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Highlights

Shaw and Partners issued a Buy rating with a target price of AUD 4.20, a 79.49% upside.

Ord Minnett issued a Buy rating with a target price of AUD 3.45, a 47.44% upside.

Jefferies issued a Buy rating with a target price of AUD 3.00, a 28.21% upside.

ReadyTech Holdings Limited (ASX:RDY), a provider of next-generation, cloud-based software solutions for education, workforce, government, and justice sectors, has reported its financial results for the fiscal year ended 30 June 2025 (FY25). The company recorded total revenue of AUD 121.8 million, representing year-on-year growth of 7.1%, with subscription revenue contributing AUD 102.7 million. Recurring revenue accounted for 84.3% of the total, reinforcing its SaaS-driven model.

ReadyTech secured new business wins worth AUD 15.4 million in FY25, with AUD 10.5 million delivered in the second half of the year. The average revenue per new customer rose by 36% to AUD 166,900, underscoring the success of its enterprise-focused strategy. During the year, the company also signed major enterprise contracts valued at AUD 15.4 million, while maintaining a enterprise pipeline of AUD 33.1 million.

In addition to the FY25 performance, analyst firms Shaw and Partners, Ord Minnett, and Jefferies have issued their latest recommendations and target prices for ReadyTech.

Shaw and Partners
Analyst Jules Cooper at Shaw and Partners has issued a Buy recommendation on ReadyTech Holdings. The firm has set a target price of AUD 4.20, which represents an expected upside of approximately 79.49% from the company’s current share price.

Ord Minnett
Analyst Milo Ferris at Ord Minnett has also issued a Buy rating. The target price has been set at AUD 3.45, representing an expected increase of 47.44% relative to the current trading level.

Jefferies
Analyst Wei Sim at Jefferies has maintained a Buy recommendation on ReadyTech Holdings. The target price is AUD 3.00, implying an expected upside of 28.21% from the prevailing market price.

RDY Outlook
ReadyTech has projected FY26 revenue in the range of AUD 132–135 million, supported by AUD 10.5 million of confirmed contract wins in the second half of FY25 and a high-conviction pipeline of AUD 33.1 million for FY26. For FY27, revenue is expected to be between AUD 150–153 million. Cash margins are forecast to be in the mid-teens in FY26, reflecting an additional AUD 2.5 million of targeted investment, before expanding to the late teens in FY27.

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