Highlights

  • Consensus rating of Buy from 13 analysts: 9 Buy or equivalent, 4 Hold, 0 Sell or equivalent.
  • Mean price target of A$18.45 against a share price of A$12.22 on 8 October 2026, an implied upside of 51.0%.
  • Analyst targets range from A$13.00 to A$26.40.
  • Sales Revenue was $1,284 million, up 17%, and net revenue was $1,199 million, up 10%.

SEEK (ASX:SEK) carries a consensus analyst rating of Buy. Of the 13 analyst recommendations recorded, 9 are Buy or equivalent, 4 are Hold and 0 are Sell or equivalent. The mean price target is A$18.45, with targets ranging from A$13.00 to A$26.40, against a current share price of A$12.22 (8 October 2026). SEEK Limited operates online employment marketplaces across Australia, New Zealand and Asia.

Company name

SEEK

Ticker

(ASX:SEK)

Exchange

ASX (Australian Securities Exchange)

Current share price

A$12.22

Price date

8 October 2026

Number of analysts

13

Rating consensus

Buy

Consensus price target (mean)

A$18.45

Highest target

A$26.40

Lowest target

A$13.00

Implied upside/downside to mean target

Implied upside of 51.0%

Latest developments

SEEK (ASX:SEK) released its FY2026 full year results on 12 August 2026. Sales revenue was $1,284 million, up 17%, and net revenue was $1,199 million, up 10%. EBITDA was $530 million, up 15%, with the EBITDA Margin up to 44%. Adjusted profit was $199 million, up 28%, and adjusted Earnings Per Share were 56 cents, up 28%. The reported result was a loss of $307 million. Free Cash Flow was $246 million, up 21%.

The company reported Yield growth of 18% across APAC, its sixth consecutive year of double-digit yield growth, and revenue growth of 10% against total cost growth of 8%, the fourth consecutive half of operating leverage. It said Placement share was stable across Australia and Asia, and that this was achieved despite lower paid ad volumes. Total expenditure was $821 million, up 8%, of which operating expenditure was $669 million, up 6%, and Capital Expenditure was $152 million, up 17%.

The Board determined a final Dividend of 25 cents per share, fully franked, representing 100% of cash profit less capex. This brings the FY2026 dividend to a record 52 cents per share, fully franked, up 13%. SEEK also announced an upgrade to its medium-term goals, referring to its Investment in Platform Unification and AI capability.

Risks and what to watch

The reported result was a $307 million loss, compared with adjusted profit of $199 million, so the adjusted measures exclude significant items. The company notes a slightly lower Volume environment and lower paid ad volumes, and its growth relies on yield increases. Revenue growth depends on employment market conditions and advertiser demand, and the medium-term goals depend on execution of its platform and AI investment.

Next milestones

Items to watch include payment of the 25 cent final dividend, paid ad volume trends, yield growth against the upgraded medium-term goals, the continuing pace of operating leverage, and the half-year result.