Macquarie maintains Buy for Wesfarmers stock at AUD 85.00 target

Published on 10/09/2026 at 11:33 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Fiscal 2026 revenue rose 3.40 percent to AUD 47.27 billion. Wesfarmers stock was EUR 48.05 on October 9, 2026 versus EUR 47.17, plus 1.87 percent.

Key points in brief

Macquarie maintained a Buy rating and set an AUD 85.00 price target on October 5, 2026.
Wesfarmers reported fiscal 2026 revenue of AUD 47.27 billion, up 3.40 percent year over year.
The Lang & Schwarz quote was EUR 48.05 on October 9, 2026, up 1.87 percent from EUR 47.17.
The company expects AUD 1.3 billion to AUD 1.5 billion in fiscal 2027 capital expenditure.

Wesfarmers, AU000000WES1, Illustration mit AI erstellt.

Wesfarmers (ISIN AU000000WES1) was trading at EUR 48.05 at Lang & Schwarz on October 9, 2026 at 11:29 a.m. CEST, up 1.87 percent versus the prior close of EUR 47.17. The latest broker signal came from Macquarie, which maintained a Buy rating and set an AUD 85.00 price target on October 5, 2026, according to Markets Insider.

Three dated milestones shape the story

On July 22, 2026, Wesfarmers and SQM approved an expansion of Mt Holland that is designed to double spodumene concentrate output to 760,000 tonnes per year, with Wesfarmers' capital spending listed at AUD 645 million to AUD 715 million by ChemXplore. On August 27, 2026, the company reported fiscal 2026 net profit after tax of AUD 2.90 billion, an 8.30 percent increase excluding significant items in the prior year, according to Yahoo Finance. On October 5, 2026, Macquarie maintained its Buy rating and set the AUD 85.00 target, as reported by Markets Insider.

Revenue growth meets a heavier investment plan

Wesfarmers' fiscal 2026 revenue rose 3.40 percent from AUD 45.70 billion to AUD 47.27 billion, while underlying operating profit increased 7.30 percent to AUD 4.49 billion, according to Veye. The comparison matters because earnings growth exceeded revenue growth, with Wesfarmers also reporting a fiscal 2026 dividend of AUD 2.22 per share, up 7.80 percent, in the results call carried by Yahoo Finance.

What does fiscal 2027 spending mean?

Management expects net capital expenditure of AUD 1.30 billion to AUD 1.50 billion in fiscal 2027, including AUD 200.00 million for the Mt Holland mine and concentrator expansion, according to the August 27 results call on Yahoo Finance. That allocation gives the lithium project a measurable role in the next investment cycle, while the company is also funding new stores, refurbishments and supply-chain capacity.

Next dates for Wesfarmers

Wesfarmers plans to open a second K Home store in November 2026, providing another operating data point for the format, according to the results call on Yahoo Finance. The next earnings report is scheduled for February 17, 2027, according to TradingView.

Stock quote and valuation context

Wesfarmers carried an AUD 87.8 billion market capitalization on October 9, 2026. Its 52-week ASX range was AUD 70.80 to AUD 94.70, placing the latest AUD 77.35 primary-market quote below the midpoint, while the Lang & Schwarz euro quote moved from EUR 47.17 to EUR 48.05 on the same date. The reference price for German investors remains the euro quotation from Lang & Schwarz.

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