The S&P/ASX 200 Index (ASX: XJO) is on form again on Wednesday. In afternoon trade, the benchmark index is up 0.3% to 7,275.6 points.
Four ASX shares that are climbing more than most today are listed below. Hereâs why they are charging higher:
Ainsworth Game Technology Limited (ASX: AGI)
The Ainsworth Game Technology share price is up 6.5% to $1.28. This morning, analysts at Macquarie responded to the gaming technology companyâs recent trading update by putting an outperform rating and $1.40 price target on its shares. Macquarie was pleased with its forecast of $18 million in profit before tax pre-currency and one-offs for the six months ending 31 December 2022.
Life360 Inc (ASX: 360)
The Life360 share price is up 5.5% to $6.38. This appears to have been driven by a broker note out of Bell Potter this morning. According to the note, the broker has retained its buy rating and $9.00 price target on this location technology companyâs shares. Bell Potter continues to believe that Life360 will deliver on its guidance in FY 2022.
Temple & Webster Group Ltd (ASX: TPW)
The Temple & Webster share price is up 12% to $5.19. This follows the release of the online furniture and homewares retailer’s trading update at its annual general meeting. While Temple & Websterâs revenue is down 14% for the four months to 27 November, it revealed that month to date revenue is flat. Management believes that this positions the company for a return to double digit growth during FY 2023.
Whitehaven Coal Ltd (ASX: WHC)
The Whitehaven Coal share price is up 9% to $10.11. Investors have been buying this coal minerâs shares following a rise in the coal price and the release of a couple of bullish broker notes. One of those notes came from Bell Potter, which has upgraded Whitehaven Coalâs shares to a buy rating with an improved price target of $11.00.
The post Why Ainsworth, Life360, Temple & Webster, and Whitehaven Coal are charging higher appeared first on The Motley Fool Australia.
FREE Investing Guide for Beginners
Despite what some people may say – we believe investing in shares doesn’t have to be overwhelming or complicated…
For over a decade, we’ve been helping everyday Aussies get started on their journey.
And to help even more people cut through some of the confusion “experts’” seem to want to perpetuate – we’ve created a brand-new “how to” guide.
Yes, Claim my FREE copy!
*Returns as of November 7 2022
(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}
setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()
More reading
- Why are ASX 200 coal shares burning brighter on Wednesday?
- Top brokers name 3 ASX shares to buy today
- Why is the Whitehaven share price surging 7% on Wednesday?
- Temple & Webster share price rockets 15% on ‘good sign’
- Broker says this ASX 200 coal share could offer a market-beating 29% return in 2023
Motley Fool contributor James Mickleboro has positions in Life360, Inc. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Life360, Inc. and Temple & Webster Group Ltd. The Motley Fool Australia has recommended Temple & Webster Group Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
from The Motley Fool Australia https://ift.tt/iW5R90v
Leave a Reply