Sydney, April 1, 2026, 07:27 AEDT
Macquarie Group shares wrapped up March 31 at A$201.93, and broker targets tracked by MarketScreener suggest the price could climb roughly 16% in the coming year. Thirteen analysts, on average, see the stock hitting A$233.70; individual predictions stretch from a bullish A$255 to a more cautious A$205.
The timing is key here: Macquarie wrapped up its fiscal year recently and is on deck to announce full-year numbers May 8. Investors are left guessing if the upbeat trading update back in February held up through a turbulent March. On Tuesday, minutes from the Reserve Bank of Australia revealed policy confusion—with officials divided over a March rate hike and still uncertain about what happens next.
Macquarie’s business stretches beyond standard lending—think asset management, commodities, capital markets, and banking—setting it apart from major players like Commonwealth Bank and Westpac. Back in February, the firm reported stronger profits in its main divisions and called trading conditions “satisfactory.” Reuters
Broker sentiment skews positive, though opinions diverge. Over the past three months, Investing.com tallies eight buys and five holds, with zero sell calls in its latest survey.
Macquarie’s latest update shows the spread. Assets under management climbed 3% on the quarter to A$736.1 billion. Home loans pushed 7% higher, deposits picked up 6%, and the private credit book came in at A$28.9 billion. Chief Executive Shemara Wikramanayake called Macquarie “well-positioned to deliver superior performance in the medium term.” Macquarie
It’s a patchy backdrop. Markets are pricing in a 60% probability of the RBA hiking rates again in May, according to minutes. Last week, Reuters flagged Macquarie Bank pushing out a U.S. dollar debt offering right as Westpac brought its bond to market—proof that funding windows remain accessible for top-tier borrowers.
Volatility doesn’t always cut both ways. In March, Macquarie exited the running for Kuwait’s oil pipeline network, citing the Iran war—making it one of the first investors to walk back from a Gulf deal over the conflict. Still, Martin Bradley, who heads up Macquarie’s infrastructure business for Europe, the Middle East and Africa, insisted the firm “continue to be committed to the region.” The A$500 million operational risk capital overlay set by APRA remains in place on Macquarie Bank; some liquidity restrictions have been relaxed, but the buffer is still there. Earlier this month, Macquarie’s Vikas Dwivedi, global energy strategist, told Reuters the oil fallout could “escalate rapidly” if the Strait of Hormuz stays shut for a third week. Reuters
Looking ahead, May 8 looms as the next key marker. That report is expected to provide the best look so far at whether the firmer tone Macquarie described back in February persisted through to year-end—and if analysts’ mid-A$230 target range is still in play.
