Generation Development Group (ASX:GDG): What Are Analysts Making of FY26?

Sonal Goyal

08 October 2026 05:01 AM AEDT

Generation Development Group (ASX:GDG): What Are Analysts Making of FY26?

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Highlights

Consensus rating of Buy from 9 analysts: 9 Buy or equivalent, 0 Hold, 0 Sell or equivalent.
Mean price target of A$5.44 against a share price of A$2.60 on 8 October 2026, an implied upside of 109.4%.
Analyst targets range from A$3.90 to A$6.50.
Underlying NPAT was $40.7 million, up 21%, and Group Revenue was $178.7 million, up 23%.

Generation Development Group (ASX:GDG) carries a consensus analyst rating of Buy. Of the 9 analyst recommendations recorded, 9 are Buy or equivalent, 0 are Hold and 0 are Sell or equivalent. The mean price target is A$5.44, with targets ranging from A$3.90 to A$6.50, against a current share price of A$2.60 (8 October 2026). Generation Development Group Limited is an Investment and research group that includes Generation Life investment bonds and the Lonsec research and managed accounts businesses.

Company name	Generation Development Group
Ticker	(ASX:GDG)
Exchange	ASX (Australian Securities Exchange)
Current share price	A$2.60
Price date	8 October 2026
Number of analysts	9
Rating consensus	Buy
Consensus price target (mean)	A$5.44
Highest target	A$6.50
Lowest target	A$3.90
Implied upside/downside to mean target	Implied upside of 109.4%

Latest developments

Generation Development Group (ASX:GDG) announced its financial results for the full year ended 30 June 2026 (FY26) on 27 August 2026. Underlying NPAT was $40.7 million, up 21%, and Group revenue was $178.7 million, up 23%. Statutory NPAT was $31.9 million, down 10%. Group funds under management (FUM) were $46.5 billion, up 37%, and record Group net inflows were $9.7 billion, up 19%. Cash and cash equivalents were $97.5 million, up 8%.

Investment Bonds FUM was $5.95 billion, up 35%, and Managed Accounts FUM was $40.5 billion, up 37%. Research coverage reached 2,001 products, up 9%, and iRate subscribers reached 5,629, up 13%. The company referred to record sales and FUM growth at Generation Life, net inflows at Evidentia, completion of the integration of the Lonsec Managed Account Business and expansion of Lonsec Research and Ratings coverage and subscribers.

Risks and what to watch

Statutory NPAT fell 10% while underlying NPAT rose 21%, reflecting items excluded from the underlying measure. FUM-based revenue is sensitive to market movements and net inflows. Investment bond and managed account growth depends on adviser and customer demand, regulation and product competition. The company notes targeted investment in operating expenses as the group scales.

Next milestones

Items to watch include FUM and net inflow trends in the first half of FY27, Generation Life and Evidentia sales, the Lonsec integration and subscriber growth, and the half-year result.

FAQs

Q: What is the consensus analyst rating for Generation Development Group (ASX:GDG)?

A:The consensus rating is Buy, based on 9 analyst recommendations: 9 Buy or equivalent, 0 Hold and 0 Sell or equivalent.

Q: What are the analyst price targets for Generation Development Group (ASX:GDG)?

A:The mean price target is A$5.44, with a highest target of A$6.50 and a lowest target of A$3.90. The share price on 8 October 2026 was A$2.60.

Q: What did Generation Development Group (ASX:GDG) report for FY26?

A:GDG reported underlying NPAT of $40.7 million, Group revenue of $178.7 million, Group FUM of $46.5 billion and record net inflows of $9.7 billion.

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