Hub24 Ltd (ASX: HUB) shares are edging higher on Thursday, but investors probably won’t be celebrating just yet.

The Hub24 share price is up 0.26% to $70.38 at the time of writing, but that barely makes a dent in the recent losses.

The shares have fallen almost 20% in the past month and around 27% in 2026.

They are now trading only slightly above their 52-week low of $68.70 and more than 42% below the $122.03 high.

So, has the sell-off gone too far?

Why have Hub24 shares fallen so much?

The sell-off looks pretty harsh when you look at Hub24’s latest financial results.

FY26 revenue rose 23% to $501.1 million, while underlying EBITDA climbed 30% to $211.4 million. Underlying net profit after tax (NPAT) increased 40% to $137.3 million.

Platform funds under administration (FUA) reached $139.5 billion, up 24%, while total FUA grew to $164.3 billion.

Hub24’s platform market share increased from 8.6% to 9.9%, while active advisers rose 11% to 5,649.

While those were solid numbers, what seems to be worrying investors more is the slowdown in inflows heading into FY27.

The company said outflows from discretionary IDPS accounts were still high in August, although superannuation flows were holding up better.

If that weakness hangs around, Hub24 may find it harder to keep FUA growing at the same pace.

What are the brokers saying?

Brokers are still much more positive on Hub24 shares after the recent drop.

According to TipRanks, the average 12-month price target from 13 ranked analysts is $97.18. From the current price of $70.38, that points to potential upside of around 38%.

Most of the targets are sitting in the $90s. Citi has a target of $93.50, Jefferies is at $93.75, Morgans is at $92, RBC Capital has $91, and JPMorgan is at $98.

Jarden has the highest target shown at $101, while Bell Potter is a little more cautious with a $90 target and a hold rating.

Why $70 has my attention

After falling almost 20% in a month, Hub24 shares are starting to look a lot more interesting around these levels.

The stock is still trading on a price-to-earnings (P/E) ratio of around 48, so I wouldn’t call it cheap. And if inflows stay weak, that could put more pressure on the valuation.

Nonetheless, Hub24 is still growing earnings, and winning market share.

Management is also targeting Platform FUA of $186 billion to $200 billion by FY28, excluding PARS.

At around $70, I think the risk-reward looks much better than it did above $120.

The next big update comes on 20 October, when Hub24 releases its first-quarter results.

The post Hub24 shares have fallen 27% in 2026. Could they really rebound 38%? appeared first on The Motley Fool Australia.

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JPMorgan Chase is an advertising partner of Motley Fool Money. Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Hub24, JPMorgan Chase, and Jefferies Financial Group. The Motley Fool Australia has recommended Hub24. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

One small-cap ASX stock is getting plenty of attention on Thursday.

New Zealand King Salmon Investments Ltd (ASX: NZK) shares are up 13.51% to 21 cents at the time of writing.

This comes after the salmon producer released an update before the market opened.

The move has pushed shares close to their 22-cent 52-week high while lifting the company’s market capitalisation to $113 million.

So, what did New Zealand King Salmon tell investors this morning?

Let’s take a closer look.

What’s behind today’s jump?

According to the release, New Zealand King Salmon has lifted its full-year earnings expectations.

The company now expects FY26 pro-forma EBITDA of between NZ$36 million and NZ$39 million.

This is ahead of its previous guidance range of NZ$30 million to NZ$34 million.

Pro-forma EBIT guidance has also moved higher to between NZ$27 million and NZ$30 million, up from NZ$21 million to NZ$25 million.

However, there was another part of the update that caught my attention.

Harvest guidance hasn’t changed, with New Zealand King Salmon still expecting between 5,950 and 6,050 metric tonnes in FY26.

Management said fish performance has been better than expected, while mortality has continued to come in below previous assumptions.

Carrington said better fish performance was flowing through to earnings, but there was still more work to do.

A much better year so far

The upgrade adds to a big turnaround that has already been underway in FY26.

In its half-year result, New Zealand King Salmon reported net profit of NZ$13.8 million, compared with a NZ$20.8 million loss in the previous corresponding period.

That represents a NZ$34.6 million swing from loss to profit.

Pro-forma EBITDA also improved to NZ$17.2 million from NZ$5.7 million.

Lately, the business has been showing better earnings, and management expects that improvement to continue through the rest of FY26.

What should investors watch next?

Today’s upgrade is good news, but investors will get a better look at next year in November.

New Zealand King Salmon is aiming to lift harvest volumes to between 7,200 and 7,600 tonnes in FY27, before targeting 8,500 to 9,100 tonnes in FY28.

The catch is that costs are moving higher as well.

Management said higher feed prices and wellboat expenses are starting to come through this year, with the full impact expected in FY27.

Management plans to provide FY27 guidance alongside its FY26 results in November.

If volumes keep growing while fish performance remains strong, the business could still have room to improve despite those extra costs.

The post Guess which ASX stock is rocketing 14% today? appeared first on The Motley Fool Australia.

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• How much superannuation would I want if I planned to retire at 60?
• Hub24 shares have fallen 27% in 2026. Could they really rebound 38%?
• Should I buy Rio Tinto shares for passive income?
• Netwealth Group vs HUB24: Which financial platform is better from an investor’s perspective?

Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Rio Tinto Ltd (ASX: RIO) shares have long been a popular choice with Australian income investors.

The mining giant has returned substantial amounts of cash to shareholders over the years.

At around $166.25 today, are Rio Tinto shares still worth considering for passive income?

Why miners can work for income investors

Rio Tinto and BHP Group Ltd (ASX: BHP) are regular fixtures in many income portfolios for good reason.

Both companies own large, long-life mining operations that can generate enormous amounts of cash when commodity markets are supportive.

For Rio Tinto, iron ore remains a key part of the business. Its Pilbara operations produce huge volumes and have historically generated substantial profits.

That cash can then be used to fund new projects, strengthen the balance sheet, and pay dividends to shareholders.

I also like that Rio Tinto is building out its exposure to copper. That gives the company another potential source of earnings as demand grows from areas such as electrification, power networks, and renewable energy infrastructure.

For income investors, I think that mix works well. Rio Tinto has major assets generating cash today while still investing for the future.

What could the dividend look like?

For passive income investors, Rio Tinto’s dividend is one of the main reasons to consider the shares.

According to consensus forecasts, the miner is expected to pay fully franked dividends of $6.34 per share in FY26 and $6.62 per share in FY27.

At the current Rio Tinto share price, that works out to be prospective dividend yields of around 3.8% and 4%, respectively.

Those yields may not jump off the page, but I think they are attractive when combined with the potential benefit of franking credits.

For me, the bigger point is that investors are getting a reasonable level of income from a company I would also be comfortable owning for the long term.

What does the valuation look like?

Consensus forecasts are for earnings per share of $12.07 in FY26 and $12.04 in FY27.

At the current share price, Rio Tinto is therefore trading on a PE ratio of around 14 times forecast earnings.

I think that is a reasonable valuation for a business of this scale, particularly when the dividend is also part of the return.

Of course, Rio Tinto’s earnings will always move with commodity prices.

Iron ore weakness could put pressure on profits and dividends, while stronger prices could have the opposite effect.

That variability is simply part of owning a large miner.

I would not rely on the dividend alone

Rio Tinto is not the type of income share where I would expect the dividend to rise neatly every year.

The payout can move significantly depending on profits and commodity markets.

For that reason, I would see Rio Tinto as one part of a broader passive income portfolio rather than relying on it to provide a fixed amount every year.

That would still leave plenty of room for the company to make a meaningful contribution when conditions are favourable.

Foolish takeaway

Yes, I would buy Rio Tinto shares for passive income.

The prospective yield is solid, the dividends are expected to be fully franked, and the valuation looks reasonable.

I also like that Rio Tinto can offer more than income alone, with its existing assets and growing copper exposure giving the business opportunities to create value over the years ahead.

The post Should I buy Rio Tinto shares for passive income? appeared first on The Motley Fool Australia.

More reading

• BHP vs Rio Tinto: What’s the better buy?
• ASX 200 drops again as selling continues
• $10,00 invested in Rio Tinto and Fortescue shares 3 years ago is now worth…
• Down almost 10%! Why are ASX copper shares tanking?
• Iron ore is back below US$100. Are BHP and Rio Tinto shares still buys?

Motley Fool contributor Grace Alvino has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.