In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) on course for a much-needed gain. At the time of writing, the benchmark index is up 0.3% to 7,029.4 points.
Four ASX shares that are climbing more than most today are listed below. Hereâs why they are rising:
Atlantic Lithium Ltd (ASX: A11)
The Atlantic Lithium share price is up 11% to 45.5 cents. This may have been driven by short sellers closing positions or investors believing that the lithium developerâs shares have been unfairly punished following a short attack. Its shares are still down by over a third since the start of the year.
Life360 Inc (ASX: 360)
The Life360 share price is up 6% to $5.15. This morning, analysts at Goldman Sachs labelled the location technology companyâs shares as “materially undervalued.” The broker has reaffirmed its buy rating and $7.90 price target, which implies material upside from current levels. Goldman highlights the resilience of Life360’s business model and strong growth outlook as reasons to buy.
Neuren Pharmaceuticals Ltd (ASX: NEU)
The Neuren Pharmaceuticals share price is climbing yet again and up over 15% to $11.53. Investors have been scrambling to buy this biotech share this week after its treatment for Rettâs Syndrome was granted US FDA approval. Bell Potter still sees decent upside ahead for its shares. This morning, it retained its speculative buy rating with an improved price target of $13.67.
Whitehaven Coal Ltd (ASX: WHC)
The Whitehaven Coal share price is up 3.5% to $6.99. This could also be down to a bullish broker note. This morning, analysts at Morgans retained their add rating with a $10.35 price target on the coal minerâs shares. It is also forecasting a fully franked 10% dividend yield on top of this.
The post Why Atlantic Lithium, Life360, Neuren, and Whitehaven Coal shares are charging higher appeared first on The Motley Fool Australia.
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More reading
- This ASX 200 tech share is âmaterially undervaluedâ: Goldman Sachs
- This ASX 300 healthcare stock is up 48% in 3 days. Broker says buy
- Analysts warn of future earnings downgrades for ASX 200 coal shares
- 3 ASX 200 coal shares to buy for big gains and huge yields: Morgans
- Why Kingsgate, Neuren, Newcrest, and Pushpay shares are rising today
Motley Fool contributor James Mickleboro has positions in Life360. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Life360. 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.
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