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HUB24 Ltd (HUB) $24.83

HUB was the top performing stock on the ASX200 yesterday, a nice for a change for MM as we remain long and bullish the platform provider which keeps delivering operationally but has been hit by the unceremonious and savage rerating of growth stocks across global equity markets. We are looking for a decent bounce by tech stocks, a move that’s tried and failed a few times in recent weeks, perhaps the comments from the Fed this morning could be the catalyst for such a move which if it proves correct we believe could easily see a quick 20% pop by HUB.

HUB
MM’s ideal medium-term target for HUB remains around $30
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HUB24 Ltd (HUB)
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