Why HMC Capital, Select Harvests, Web Travel, and WiseTech shares are pushing higher today

In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to end the week on a positive note. At the time of writing, the benchmark index is up 0.1% to 8,627.7 points.

Four ASX shares that are rising more than most today are listed below. Here’s why they are pushing higher:

HMC Capital Ltd (ASX: HMC)

The HMC Capital share price is up 8% to $3.83. This investment company’s shares have been in fine form this week, rising very strongly. So much so, they are now up 18% since this time last week. A catalyst for this could have been a broker note out of Macquarie Group Ltd (ASX: MQG) earlier in the week. Its analysts have reaffirmed their outperform rating and $4.90 price target on HMC Capital’s shares. This still implies potential upside of approximately 27% for investors over the next 12 months.

Select Harvests Ltd (ASX: SHV)

The Select Harvests share price is up 9% to $4.48. Earlier this week, in response to its results, Bell Potter put a buy rating and $5.80 price target on the almond producer’s shares. It said: “Our Buy rating is unchanged. FY25 results appeared broadly consistent with our expectations and should benefit in FY26e from improved production volumes and elevated almond prices. While costs are lifting (this was anticipated in our forecasts) and there is the scope for this to be mitigated by cost out initiatives. At spot almond prices we would see SHV trading on a FY26e PE of ~9x, with upside to EPS through delivery of cost out initiatives and securing third party processing volumes.”

Web Travel Group Ltd (ASX: WEB)

The Web Travel share price is up 4.5% to $4.79. This may have been driven by the release of a bullish broker note out of UBS this morning. According to the note, the broker has reaffirmed its buy rating and $6.15 price target on its shares. Based on its current share price, this implies potential upside of almost 30% for investors over the next 12 months. The broker was pleased with the company’s recent update, highlighting that it is growing stronger than a key rival. It was also happy to see that Web Travel’s margins have held up better. Though, there is a risk that this rival will try to undercut Web Travel in order to boost its growth.

WiseTech Global Ltd (ASX: WTC)

The WiseTech Global share price is up a further 5.5% to $73.65. This is despite there being no news out of the logistics solutions technology company on Friday. However, it is worth noting that a number of ASX tech shares have been rising strongly this week after being sold off this month amid concerns over an AI bubble. This has seen the S&P/ASX All Technology Index rise by 0.85% at the time of writing. WiseTech Global shares are now up 13% over the past two sessions.

The post Why HMC Capital, Select Harvests, Web Travel, and WiseTech shares are pushing higher today appeared first on The Motley Fool Australia.

More reading

• What’s driving the dramatic drop in ASX 200 tech shares?
• Here are the top 10 ASX 200 shares today
• Why this ASX All Ords stock could return 40% in a year
• Why are WiseTech shares storming higher today?
• Almond grower’s shares up on positive full-year profit result

Motley Fool contributor James Mickleboro has positions in Web Travel Group Limited and WiseTech Global. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended HMC Capital, Macquarie Group, and WiseTech Global. The Motley Fool Australia has positions in and has recommended Macquarie Group and WiseTech Global. The Motley Fool Australia has recommended HMC Capital. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.