The Australian share market is home to a number of quality companies with solid growth prospects.

Two that have been tipped for robust long term growth are listed below. Here’s why analysts think investors should be buying their shares:

Domino’s Pizza Enterprises Ltd (ASX: DMP)

The first growth share to look at is this pizza chain operator. Domino’s has been a highly successful investment over the last 10 years, generating mouth-watering returns for investors.

This has been driven by its strong sales and earnings growth which was underpinned by its store expansion, its investment in technology, and the ongoing popularity of its offering.

The good news is that management isn’t resting on its laurels and continues to target further growth. In fact, the company is aiming to more than double its store footprint 6,650 stores by FY 2033. This compares to 2,949 stores at the end of FY 2021.

Goldman Sachs likes what it sees here and has put a buy rating and $147.00 price target on the company’s shares.

Symbio Holdings Limited (ASX: SYM)

Another ASX growth share that analysts are positive on is Symbio. It is the global communications network and software provider previously known as MNF Group.

Symbio’s communications network and software suite allows some of the world’s leading tech innovators to deliver new-generation communications solutions to their customers. This includes tech giants such as Google, Twilio, and Zoom.

Like Domino’s, it appears well-placed for growth over the long term. This is thanks to favourable tailwinds and its expansion across Asia. In addition, Symbio is sitting on a sizeable cash balance following the asset divestment which prompted the name change. This gives management opportunities to bolster its growth through acquisitions.

Ord Minnett currently has a buy rating and $7.90 price target on Symbio’s shares. Its analysts believe the compnay has a very bright outlook thanks to its large addressable market and strong competitive advantage.

The post 2 quality ASX growth shares tipped as buys appeared first on The Motley Fool Australia.

More reading

• Analysts name 2 exciting ASX growth shares to buy in 2022
• 3 five-star ASX shares to buy in 2022
• Do these two unloved ASX shares offer tasty returns?
• 2 fantastic ASX growth shares Goldman Sachs rates as buys
• Domino’s (ASX:DMP) share price dips despite “important” milestone in Japan

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Symbio Holdings Limited. The Motley Fool Australia owns and has recommended Symbio Holdings Limited. The Motley Fool Australia has recommended Dominos Pizza Enterprises Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

from The Motley Fool Australia https://ift.tt/32Y56XY

At the small end of the Australian share market, there are a number of companies with the potential to grow strongly in the future.

Three that investors may want to get better acquainted with are listed below. Here’s what you need to know about them:

BlueBet Holdings Ltd (ASX: BBT)

The first small cap ASX share to watch is this online sports betting company. Thanks to the increasing popularity of mobile sports betting, BlueBet has been growing at a rapid rate. For example, during the first quarter, the company reported a 63.8% increase in active customers to 39,195 and a 67.4% increase in turnover to $125.9 million. The good news is that management believes it is well positioned to substantially grow its modest market share in Australia and has its eyes on the US market.

Morgans is bullish on BlueBet and has an add rating and $2.60 price target on its shares.

Step One Clothing Limited (ASX: STP)

Another small cap ASX share to watch is Step One. It is a direct-to-consumer online retailer of men’s underwear which raised $81.3 million via an IPO late last year. Some of these funds will be used to support the company’s growth strategies, which include growing Step One’s existing customer base in Australia and the UK and investing in establishing a presence in the enormous US market.

Morgans is positive on Step One despite a recent trading update which fell a touch short of expectations. The broker doesn’t believe its prospects for growth over the long-term are diminished. As a result, its analysts have an add rating and $2.70 price target on its shares

Whispir Ltd (ASX: WSP)

A third and final small cap ASX share to watch is Whispir. It is a software-as-a-service company that provides a communications workflow platform automating interactions between organisations and people. Demand for its offering has been growing strongly over the last couple of years, with a number of blue chips becoming customers. One of those is telco giant Singtel, which is the owner of Optus. Last week it selected Whispir to replace its core SMS notification systems enterprise-wide.

Wilsons is a fan of Whispir and currently has an overweight rating and $4.84 price target on its shares.

The post 3 exciting small cap ASX shares to watch in 2022 appeared first on The Motley Fool Australia.

More reading

• Why Magnis, Pilbara Minerals, Syrah, and Whispir shares are storming higher
• Why is the Whispir (ASX:WSP) share price shooting 8% higher?
• 3 small cap ASX shares to watch in 2022
• Why did the Step One Clothing (ASX:STP) share price plummet 34% today?
• Why did the Step One (ASX:STP) share price rocket 10% today?

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Whispir Ltd. The Motley Fool Australia has recommended BlueBet Holdings Ltd and Whispir Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

from The Motley Fool Australia https://ift.tt/3JHrc1L

Today, the S&P/ASX 200 Index (ASX: XJO) suffered a brutal selloff, mirroring the selling pressure on Wall Street last night. At the end of the session, the benchmark index finished 2.74% lower at 7,358.3 points.

In complete contrast to the Aussie market’s first session of the year, today was a sea of red. Not a single sector was unable to escape a more bearish sentiment across the ASX on Thursday. The effect was further exaggerated for tech investors, with the sector tumbling 6.4% — its worst one-day session since February last year. Meanwhile, shares in the materials sector stayed the sturdiest, despite also falling 1.45%.

However, the question is: which shares delivered the biggest returns to investors on the ASX today? It is a challenging question to pose on such days. Fortunately, there were still a handful of companies that stayed in the green.

Here are the top ten stocks that came through for investors:

Top 10 ASX shares countdown today

Looking at the top 200 listed companies, Latitude Group Holdings Ltd (ASX: LFS) was the biggest gainer today. Shares in the financial services provided rose 1.78% after announcing its intent to acquire the consumer finance business of Humm Group Ltd (ASX: HUM) for $335 million. Find out more about Latitude Group here.

The next biggest gaining ASX share today was Zimplats Holdings Ltd (ASX: ZIM). The platinum group metals mining company moved 1.73% higher despite there being no announcements. Uncover the latest Zimplats details here.

Today’s top 10 biggest gains were made in these ASX shares:

ASX-listed company	Share price	Price change
Latitude Group Holdings Ltd (ASX: LFS)	$2.00	1.78%
Zimplats Holdings Ltd (ASX: ZIM)	$23.50	1.73%
Rio Tinto Ltd (ASX: RIO)	$101.21	0.73%
OZ Minerals Ltd (ASX: OZL)	$28.95	0.59%
Clinuvel Pharmaceuticals Ltd (ASX: CUV)	$26.88	0.41%
Ausnet Services Ltd (ASX: AST)	$2.56	0.39%
Medibank Private Ltd (ASX: MPL)	$3.40	0.30%
Mercury NZ Ltd (ASX: MCY)	$5.95	0.17%
BHP Group Ltd (ASX: BHP)	$42.68	0.12%
Summerset Group Holdings Ltd (ASX: SNZ)	$12.99	0.08%

Our top 10 ASX shares today countdown is a recurring end-of-day summary to ensure you know which companies were making big moves on the day. Check-in at Fool.com.au after the market has closed during weekdays to see which stocks make the countdown.

The post Here are the top 10 ASX shares today appeared first on The Motley Fool Australia.

More reading

• Why BHP, Clinuvel, Latitude, and Peet shares are pushing higher
• ASX 200 (ASX:XJO) midday update: Afterpay sinks again, BHP and Rio rise
• Latitude (ASX:LFS) share price higher on $335m Humm BNPL acquisition
• Humm (ASX:HUM) share price shoots 8% higher after BNPL takeover approach
• ASX 200 tech shares on watch after Nasdaq selloff

Motley Fool contributor Mitchell Lawler 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 recommended Humm Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

from The Motley Fool Australia https://ift.tt/3JLIdrh

While it might have been a blockbuster year for commodity prices in 2021, it was a patchy market for mining and resource shares across the S&P/ASX 200 Index (ASX: XJO).

It turned out not every commodity was hot last year. While lithium prices were going up, iron ore prices were going down. The variety in performance across commodities meant most of the winners during the year were benefitting from attractive supply and demand dynamics.

Unsurprisingly, ASX lithium shares dominated the market — proving to be a lucrative investment for shareholders.

The overall mining and resource sector’s performance was average compared to the index. But, when companies in the sector performed, they performed extremely well. For that reason, some of these ASX 200 shares will be familiar if you’ve read our 5 best performing ASX shares of 2021 coverage.

5 top ASX 200 mining and resource shares in 2021

Liontown Resources Limited (ASX: LTR)

Investors weren’t deterred by the fact Liontown Resources is still a pre-revenue lithium company.

During the 12 months of 2021, the company’s share price latched onto the booming enthusiasm towards the electric battery material. This proved rewarding for shareholders, with shares gaining 388% in the year.

As the demand for lithium-ion batteries continues to grow, Liontown Resources attracted eager eyes with its Kathleen Valley lithium project. The company describes the project as “a world-class lithium deposit with a mineral resource estimate of 156 million tonnes at 1.4% lithium oxide”.

Pilbara Minerals Ltd (ASX: PLS)

The next ASX 200 mining share making the list has been dubbed Macquarie Group Ltd‘s (ASX: MQG) top pick among ASX lithium shares. The Pilbara Minerals share price entered 2021 at 87 cents per share. By the end of the year, it had gained 267% to finish at $3.20.

Unlike Liontown Resources, Pilbara Minerals is already up and running, with the company booking record shipments of spodumene concentrate in 2021. In FY21, the lithium producer recorded $175.8 million in revenue — representing an increase of 109% on the previous year.

Macquarie currently holds a price target of $3.70 on Pilbara Minerals’ shares.

Lynas Rare Earths Ltd (ASX: LYC)

Switching up gears, the next entrant in our best performing ASX 200 mining shares is not a lithium producer. Instead, Lynas Rare Earths is unearthing another crucial element group used in green technology — rare earth elements.

The Lynas share price surged 156% in 2021, giving shareholders something to smile about. Much like the companies mentioned before, this was mostly due to an increase in demand for the underlying commodity. Neodymium and praseodymium (NdPr) prices skyrocketed last year, greatly improving Lynas’ revenue and profitability along with it.

However, two experts have recently tagged the mining company with a hold rating.

Chalice Mining Ltd (ASX: CHN)

Chalice Mining had a blast of a year in 2021. Shares in the mineral explorer enjoyed a 146% increase during a year to remember.

Shareholders willing to stick it out with Chalice basked in the glory of further positive updates in relation to its Julimar project in Western Australia.

On 9 November 2021, the company released its maiden mineral resource estimate for the Gonneville deposit. The estimate came out to be 10 million ounces of palladium, platinum, and gold — making it the largest nickel sulphide discovery in more than 20 years.

Bell Potter remains bullish on the ASX 200 mining share, placing a speculative buy and an $11.73 price target on it.

Allkem Ltd (ASX: AKE)

The last company on the list is lithium carbonate and boron producer, Allkem. This name is a bit of a new one, but its components are more familiar. During the year, the previously ASX-listed lithium companies of Orocobre and Galaxy Resources merged to form Allkem.

Thanks to the increase in lithium prices, this ASX 200 mining share notched up a 132% gain in 2021. Analysts at JP Morgan are convinced there’s more still in the tank of this newly formed lithium giant. Currently, the broker holds an overweight rating on Allkem’s shares.

The post Here are the 5 best performing ASX 200 mining and resource shares of 2021 appeared first on The Motley Fool Australia.

More reading

• Here are the 3 most heavily traded ASX 200 shares this Thursday
• What is JP Morgan saying about ASX lithium shares?
• 6 ASX shares involved with green metals
• These are the 5 best performing ASX shares of 2021
• These 3 ASX 200 shares are topping the volume charts on Wednesday

Motley Fool contributor Mitchell Lawler owns Lynas Corporation Limited and Macquarie Group Limited. 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 recommended Macquarie Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

from The Motley Fool Australia https://ift.tt/3pXcNq1