Looking for some small cap shares to add to your watchlist? Then have a look at the three listed below.

Here’s why they could be worth getting better acquainted with:

Bigtincan Holdings Ltd (ASX: BTH)

The first small cap to watch is Bigtincan. It is a provider of enterprise mobility software that helps sales and service teams increase their sales win rates, reduce expenditures, and improve customer satisfaction through improved mobile worker productivity.  It has a number of blue chip clients such as Australia and New Zealand Banking Group (ASX: ANZ) and sports giant Nike. Morgan Stanley is a fan of Bigtincan. It has an overweight rating and $2.10 price target on its shares.

MoneyMe Ltd (ASX: MME)

Another small cap ASX share to watch is MoneyMe. It is a fintech that uses technology and artificial intelligence to deliver highly automated credit products and customer experiences. MoneyMe notes that it originates loans through a diversified mix of credit products and distribution channels to create significant scale and long-term customer advantages. This includes through the SocietyOne business, which MoneyMe recently acquired for $132 million. Morgans is positive on the company’s future. It has an add rating and $2.35 price target on its shares.

Serko Ltd (ASX: SKO)

A final small cap to watch is Serko. It is an online travel booking and expense management provider with a number of quality solutions which have significant market opportunities. It also has a game-changing deal with travel booking giant Booking.com which is beginning to take shape now COVID headwinds are easing. Last week, Citi initiated coverage on Serko with a buy rating and $5.75 price target.

The post 3 small cap ASX shares brokers rate as buys appeared first on The Motley Fool Australia.

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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 BIGTINCAN FPO and Serko Ltd. The Motley Fool Australia owns and has recommended BIGTINCAN FPO. The Motley Fool Australia has recommended Serko Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Once again, a large number of broker notes hit the wires last week. Some of these notes were positive and some were bearish.

Three sell ratings that investors might want to hear about are summarised below. Here’s why top brokers think investors ought to sell these shares next week:

A2 Milk Company Ltd (ASX: A2M)

According to a note out of Citi, its analysts have downgraded this struggling infant formula company’s shares to a sell rating and slashed their price target on them to $4.80. Citi has a number of concerns which it appears to believe have shifted the risks to the downside. These include supply disruption in China following lockdowns, weak pricing on Chinese ecommerce reseller platforms, and delays with its SAMR re-registration. Citi notes that the latter is far from guaranteed and could materially impact its sales should it not be granted. The A2 Milk share price is trading at $5.04 on Sunday.

IGO Ltd (ASX: IGO)

A note out of UBS reveals that its analysts have initiated coverage on this battery materials miner’s shares with a sell rating and $12.65 price target. Although UBS notes that IGO provides investors with exposure to an attractive area of the resources sector, it isn’t enough for a more positive rating. This is due to concerns over its current valuation. In addition, UBS fears that current lithium and nickel prices are unsustainable. The IGO share price was fetching $13.68 at Friday’s close.

Magellan Financial Group Ltd (ASX: MFG)

Analysts at Macquarie have retained their underperform rating but lifted their price target on this fund manager’s shares to $13.25. This follows the release of Magellan’s latest funds under management update. While Macquarie was pleased to see Magellan’s fund outflows slow, it thinks it may be too soon to get excited. The broker isn’t expecting the outflows to stop any time soon. Particularly given the poor investment performance of its funds. The Magellan share price ended the week at $16.95.

The post Top brokers name 3 ASX shares to sell next week appeared first on The Motley Fool Australia.

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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. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended A2 Milk and Macquarie Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Transurban Group (ASX: TCL) share price has been an unrewarding investment for some shareholders since 2019. Notably, those who bought just prior to the pandemic have yet to revisit those pre-COVID highs yet. However, March provided some reinvigoration for investors of the toll-road operator.

Looking back at the month past, the Transurban share price has come out the other side of March 7.2% better off. To put things into perspective, this was an outperformance of the S&P/ASX 200 Index (ASX: XJO), which notched up a gain of 5.7%.

So, what happened during Transurban’s best performance in a calendar month since May 2020?

Brokers go bullish as traffic recovery looms

When a share outperforms the benchmark index, it is normally an indication there’s some positive news floating around. Yet, a lack of price-sensitive announcements during March suggests the catalyst laid elsewhere.

Instead of big flashy news, it appears shareholders were treated to an improvement in broker sentiment towards the Transurban share price. Namely, notes released by Morgans and Macquarie.

Firstly, Morgans believe the toll operator is set to catch a tailwind as traffic volumes improve. With exposure to drivers such as population growth, employment growth, and urbanisation, the broker is expecting a bounce-back in dividends per share.

Meanwhile, Macquarie dispersed the notion that higher fuel prices would hurt Transurban. According to the broker’s research, historical fuel price increases resulted in either steady or higher traffic volumes.

What could the Transurban share price be worth?

Both brokers hold price targets above the current Transurban share price. Specifically, Morgans holds a $14.29 target, while Macquarie is a slightly higher $14.96.

Shares in the company closed on Friday at $13.64, representing a potential upside of 4.7% to 9.7%.

The post Why did the Transurban share price have such a good run in March? appeared first on The Motley Fool Australia.

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Motley Fool contributor Mitchell Lawler owns 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.

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Last week saw a number of broker notes hitting the wires once again. Three buy ratings that investors might want to be aware of are summarised below.

Here’s why brokers think investors ought to buy them next week:

Allkem Ltd (ASX: AKE)

According to a note out of Morgans, its analysts have retained their add rating and lifted their price target on this lithium miner’s shares by 9% to $16.65. This follows the release of a lithium pricing update from Allkem. In response to the update, Morgans has lifted its revenue estimates. In addition, the broker notes that should the lithium market continue to remain strong, the company has a large amount of untapped growth potential. The Allkem share price ended the week at $13.09.

Aristocrat Leisure Limited (ASX: ALL)

A note out of Citi reveals that its analysts have initiated coverage on this gaming technology company’s shares with a buy rating and $44.00 price target. It believes Aristocrat represents a compelling long-term growth story. This is due to its exposure to ongoing growth in mobile game penetration and potential to grow into new markets. The Aristocrat share price was fetching $33.40 at Friday’s close.

Iluka Resources Limited (ASX: ILU)

Analysts at Macquarie have retained their outperform rating and lifted their price target on this mineral sands and rare earths company’s shares to $14.00. This follows news that Iluka’s board has approved phase three of the Eneabba Rare Earths Refinery. Macquarie is very positive on the decision, particularly given its risk-sharing agreement with the Australian government. The Iluka share price ended the week at $12.37.

The post Top brokers name 3 ASX shares to buy next week appeared first on The Motley Fool Australia.

More reading

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Motley Fool contributor James Mickleboro owns Allkem 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 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 Bruce Jackson.

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