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ANZ Group Holdings is working with an updated fair value price target of A$36.20, trimmed slightly from A$36.66 in the latest analyst refresh. That adjustment sits against a mixed research backdrop, where one major broker has upgraded its stance while another has moved to Neutral. This leaves you with a more divided set of views to weigh. Read on to see what is driving this evolving narrative and how you might track it from here.

Analyst Price Targets don't always capture the full story. Head over to our Company Report to find new ways to value ANZ Group Holdings.

What Wall Street Has Been Saying

🐂 Bullish Takeaways

JPMorgan recently upgraded ANZ Group, pointing to a more constructive view on the stock compared with its prior stance, which adds support to the updated A$36.20 fair value anchor you are working with.

🐻 Bearish Takeaways

Goldman Sachs shifted ANZ Group to Neutral from Buy with a A$38.14 price target, flagging revenue headwinds as a concern for the outlook. Goldman Sachs also highlighted the current valuation as a key reason for stepping back from a more positive rating, which may help explain why the latest fair value update is only slightly below the earlier A$36.66 mark rather than materially higher.

Do your thoughts align with the Bull or Bear Analysts? Perhaps you think there's more to the story. Head to the Simply Wall St Community to discover more perspectives!ASX:ANZ 1-Year Stock Price Chart

We've flagged 2 risks for ANZ Group Holdings. See which could impact your investment.

How This Changes the Fair Value For ANZ Group Holdings

Fair value is set at A$36.20, trimmed from A$36.66. Revenue growth assumption is 4.53%, up from 3.55%. Net profit margin assumption is 33.62%, compared with 33.64% previously. Future P/E multiple is 17.32x, from 17.04x. Discount rate used is 7.91%, up from 7.78%.

Never Miss an Update: Follow The Narrative

Narratives link a company's story to a financial forecast and fair value, so you can see how business decisions connect to the numbers analysts are using. They update automatically when fresh research or key news comes through, so you are not working off stale assumptions.

Head over to the Simply Wall St Community and follow the Narrative on ANZ Group Holdings to stay up to date on:

How the Suncorp Bank acquisition and Queensland expansion are expected to feed into revenue and net margin assumptions. The shift toward ANZ Plus and Transactive, along with AI driven customer tools and payments platforms, and what that means for efficiency and customer growth forecasts. Key execution and regulatory risks, from technology rollouts and legacy system decommissioning to competition, compliance costs, and integration of Suncorp Bank.

Story Continues

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include ANZ.AX.

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