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The latest update is out from OFX Group Ltd. ( (AU:OFX) ).
OFX Group Ltd has reported a 15.6% growth in new transacting corporate clients in the second quarter of FY26, driven by its new go-to-market strategy and the successful rollout of its New Client Platform (NCP) across major markets. Despite facing challenges from macroeconomic uncertainties that have impacted net operating income and transaction values, the company is seeing positive engagement from its corporate clients, particularly those migrated to the NCP. The transition to OFX 2.0 is showing promising results, with increased adoption of new products and higher account balances, positioning the company for future growth.
The most recent analyst rating on (AU:OFX) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on OFX Group Ltd. stock, see the AU:OFX Stock Forecast page.
More about OFX Group Ltd.
OFX Group Ltd is a financial services company operating in the foreign exchange and international payments industry. The company provides a platform for corporate clients to manage their financial operations, focusing on simplifying transactions and offering a range of products and services to enhance client engagement across various global markets.
Average Trading Volume: 689,313
Technical Sentiment Signal: Sell
Current Market Cap: A$190M
See more insights into OFX stock on TipRanks’ Stock Analysis page.