Buy, hold, sell: TechnologyOne, Telstra, and Woodside shares

Two male ASX investors and executives wearing dark coloured suits sit at a table holding their mobile phones discussing the highest trading ASX 200 shares today

There are a lot of ASX shares to choose from on the local market.

To narrow things down, let’s see what analysts are saying about three big names, courtesy of The Bull.

Are they buys, holds, or sells this week? Let’s find out:

TechnologyOne Ltd (ASX: TNE)

The team at Catapult Wealth is bullish on this enterprise software provider ahead of its half-year results this month. It has named TechnologyOne shares as a buy.

Catapult Wealth highlights that artificial intelligence (AI) is helping drive growth, not disrupt its business. It said:

TNE delivers software-as-a-service (SaaS) solutions to government and business. The company is emerging as one of the first SaaS names to flag a discrete artificial intelligence revenue stream, embedding AI across all 20 products. Recent updates point to accelerating momentum. We expect upcoming half year results on May 19 to beat expectations on new customer wins and AI product rollouts. Expansion in the UK remains a key long term growth opportunity.

Telstra Group Ltd (ASX: TLS)

Catapult Wealth thinks that Telstra shares could be fully valued now. As a result, it has put a hold rating on the telco giant.

It also highlights uncertainty around spectrum licence fees as a reason to be cautious, saying:

The telecommunications giant recently reaffirmed its 2026 fiscal year outlook, guiding to cash earnings per share growth amid maintaining capital discipline as it progresses its on-market share buy-back of up to $1.25 billion. Mobile price rises are expected to support revenue growth in full year 2026. However, regulatory uncertainty around proposed higher spectrum licence fees remain a medium term headwind. Investors can expect a fully franked dividend of 21 cents a share for full year 2026, but near‑term upside appears limited, in our view.

Woodside Energy Group Ltd (ASX: WDS)

Sanlam Private Wealth has named Woodside shares as a sell this week.

It thinks investors should consider taking advantage of recent strength to cash in some gains. It said:

The energy company produced a record 198.8 million barrels of oil equivalent in full year 2025. However production was offset by lower realised prices. Consequently, net profit after tax of $2.718 billion was down 24 per cent on the prior corresponding period. Full year fully franked dividends were down 8 per cent. In our view, relying on dividends carries risk if commodity prices or production fall. Investors may want to take advantage of elevated crude oil prices to cash in some gains.

The post Buy, hold, sell: TechnologyOne, Telstra, and Woodside shares appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has positions in Technology One and Woodside Energy Group Ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Technology One. The Motley Fool Australia has positions in and has recommended Telstra Group. The Motley Fool Australia has recommended Technology One. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.