Bell Potter trims target to AUD 24.00 for ALS stock

Published on 10/13/2026 at 07:24 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

ALS reported FY26 revenue up 10.70 percent and underlying net profit after tax up 25.80 percent. ALS stock stood at AUD 20.38 on ASX on October 13, 2026.

Key points in brief

Bell Potter trimmed its ALS target to AUD 24.00 while retaining a Buy rating in an October 8, 2026 report.
ALS reported fiscal 2026 revenue growth of 10.70 percent and underlying net profit after tax growth of 25.80 percent.
The stock was last at AUD 20.38 on the ASX on October 13, 2026, with market capitalization of AUD 10.3 billion.
The recent valuation debate centers on exploration growth, digital investment and cyber execution risks.

ALS, AU000000ALQ6, Illustration mit AI erstellt.

Bell Potter trimmed its target for ALS stock to AUD 24.00 while retaining a Buy rating, as Motley Fool Australia reported on October 8, 2026. The broker linked its cautious view to slower exploration growth from fiscal 2028, while describing current exploration activity as buoyant.

Three dated signals shape ALS

On August 20, 2026, ALS reported a record fiscal 2026 result, with revenue growth of 10.70 percent and underlying net profit after tax growth of 25.80 percent, according to ALS Limited.

On September 17, 2026, BlackRock disclosed a 5 percent substantial stake in ALS, according to MarketScreener. On October 8, 2026, Bell Potter retained its Buy rating and set the AUD 24.00 target reported by Motley Fool Australia, making the broker view the latest of the three dated signals.

What does the target imply?

ALS was last at AUD 20.38 on the ASX on October 13, 2026 at 2:59 p.m. AEDT, while market capitalization stood at AUD 10.3 billion. The AUD 24.00 target is AUD 3.62 above that price, an 17.76 percent difference calculated against the ASX price.

The contrast is important: fiscal 2026 delivered 10.70 percent revenue growth and 25.80 percent underlying net profit after tax growth, but Bell Potter identified a possible slowdown in exploration activity from fiscal 2028. That creates a clear split between the companys recent operating record and the brokers longer-range caution.

Digital execution remains the risk

A separate October 5, 2026 analysis by Simply Wall St shifted attention toward cyber security, digital investment and the companys Smart Lab program. Its fair value was reduced from AUD 17.72 to AUD 17.37, while the stated future price-to-earnings multiple moved from 23.39 to 22.09.

For investors, the numbers frame the central issue. ALS has entered fiscal 2027 with double-digit fiscal 2026 revenue growth and stronger underlying profit growth, yet the latest broker view places greater weight on exploration-cycle durability and the cost of technology execution.

ASX price and valuation context

ALS Limited was last at AUD 20.38 on the ASX on October 13, 2026 at 2:59 p.m. AEDT. Its 52-week range was AUD 19.28 to AUD 26.17, and its market capitalization was AUD 10.3 billion.

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