BRAVURA SOLUTIONS LIMITED (BVS)
Share Price Analysis and Chart

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12/02/2026

3

Neutral

$2.28

12.87%

Bravura Solutions' 1H26 result was in line with Macquarie, following upgraded FY26 guidance from 9 February. Client activity and Europe-Middle East-Africa (EMEA) performance were the key positives in the period.

FY26 guidance represents sales growth of 9%, the broker notes, supported by project activity and EMEA, and 25% margins, expanding by some 8% year on year, with cost stabilisation.

Bravura will assess M&A capital allocation, with options required to be closely linked to its value chain and immediately accretive. Macquarie sees the stock as fairly valued and retains Neutral. Target cut to $2.28 from $3.02 on AI threat.

FORECAST
Macquarie forecasts a full year FY26 dividend of 14.60 cents and EPS of 11.60 cents.
Macquarie forecasts a full year FY27 dividend of 8.50 cents and EPS of 12.10 cents.

18/02/2026

1

Upgrade to Buy from Hold

$2.73

35.15%

Canaccord Genuity, on further contemplation of the Bravura Solutions first half results, upgrades to Buy from Hold and raises the target to $2.73 from $2.00.

Strong cost discipline and improved customer sentiment are  paving the way for a stronger FY26-27 than the broker had expected and revenue estimates are upgraded by 5-6% while cash EBITDA is raised 19-31% across the forecast period.

Earlier, Canaccord Genuity noted Bravura Solutions posted a strong beat across all major revenue and earnings lines, supported by lower cash earnings.

The key for the shares to trade higher should be be the new CEO's commentary on costs into 2H26, noting some further small headcount reductions seen over the half.

FORECAST
Canaccord Genuity forecasts a full year FY26 dividend of 9.20 cents and EPS of 11.30 cents.
Canaccord Genuity forecasts a full year FY27 dividend of 7.50 cents and EPS of 11.60 cents.