Citi keeps Hold on Westpac stock with A$36.10 target

Published on 10/12/2026 at 10:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Citi kept Hold and set an A$36.10 target on October 11, 2026. Westpac stock costs EUR 21.49 on October 12, 2026, with AUD 118.3 billion market value.

Key points in brief

Citi maintained a Hold rating on Westpac Banking and set a A$36.10 price target on October 11, 2026.
Westpac reported first-half 2026 revenue of AUD 10.9 billion, up 2.90 percent year over year.
Westpac stock was at EUR 21.49 at Lang & Schwarz on October 12, 2026 at 10:01 a.m. CEST.
Westpac plans to announce fiscal 2026 results on November 2, 2026, and hold its annual meeting on December 16, 2026.

Westpac, AU000000WBC1, Illustration mit AI erstellt.

Westpac Banking stock was at EUR 21.49 at Lang & Schwarz on October 12, 2026 at 10:01 a.m. CEST. In a report dated October 11, 2026, Citi analyst Thomas Strong maintained a Hold rating and set an A$36.10 price target, according to Markets Insider.

Citi target sets the tone

The Citi view puts the target alongside a consensus price target of A$34.07, also reported by Markets Insider. That combination points to a cautious analyst backdrop as Westpac approaches its fiscal 2026 results, while the Citi target remains above the consensus figure by A$2.03.

The latest reported operating picture comes from the first half of 2026. Westpac generated AUD 10.9 billion in revenue, up 2.90 percent from the first half of 2025, while net income reached AUD 3.41 billion, also up 2.90 percent, according to Simply Wall St. Earnings per share rose to AUD 1.00 from AUD 0.97 in the first half of 2025, while the profit margin was 31 percent.

Three milestones shape the setup

Westpac paid an interim ordinary dividend of AUD 0.77 per share on June 26, 2026, according to its Westpac investor centre. The bank then held its Data, Digital and AI update on September 15, 2026, before Citi published its A$36.10 target on October 11, 2026.

What dates matter for Westpac?

Westpac's next scheduled corporate event is its fiscal 2026 results announcement on November 2, 2026. Its annual general meeting is scheduled for December 16, 2026, according to the company's investor centre.

Westpac stock stays in a wide range

The ASX listing uses ticker WBC and trades in AUD, with a market capitalization of AUD 118.3 billion as of October 12, 2026. The 52-week range is AUD 33.46 to AUD 43.32, putting the latest ASX reference price of AUD 34.63 above the yearly low and below the yearly high.

Westpac Banking provides consumer, business and institutional banking, wealth and financial services across Australia, New Zealand and other international markets. The bank's upcoming results will provide the next quantified test of the 31 percent first-half profit margin and the 2.90 percent revenue growth recorded for the first half of 2026.

The further course of trading is shown by the continuously updated real-time quote of Westpac stock.