S&P/ASX 200 Index (ASX: XJO) shares are 0.2% higher at 9,073.3 points on Thursday.

As earnings season continues, Morgans has updated its ratings and 12-month price targets following company reports.

Let’s take a look at the broker’s assessment of these ASX shares post-results.

SRG Global Ltd (ASX: SRG)

The SRG Global share price is $3.99, down 2.8% today and up 115% over 12 months. 

Over the past month, this ASX 200 industrial share has risen 13%.

Morgans kept a buy rating on this ASX 200 industrial share after reviewing the company’s FY26 report.

SRG delivered a strong FY26 with EPSA growth of +30%, largely consistent with its 5-year EPSA CAGR of +32%.

FY27 guidance was upgraded, and the momentum looks set to continue.

Organic growth is strong (2H EBITA +19%) and the order book has risen sharply (+20% in 6 months), providing robust visibility into FY27 and beyond.

Although SRG has re-rated, earnings momentum via organic and inorganic growth could see the company continue to compound +30% EPS growth over the next 3 years.

The broker raised its share price target from $4.20 to $4.70.

This implies a potential 15% upside from here.

Cochlear Ltd (ASX: COH)

The Cochlear share price is $137.26, down 0.1% today and down 55% over 12 months. 

Over the past month, this ASX 200 healthcare share has increased 15%.

Morgans retained a hold rating on this healthcare heavyweight share after its FY26 report.

FY26 result was mixed, with underlying NPAT of A$322m, 6% above our forecast, despite revenue of A$2,348m being broadly in line.

The result benefited from a stronger 2H, particularly Services and cochlear implant (CI) volumes, although margins remained under pressure.

Notably, Nexa adoption has been solid, capturing >95% of developed-market (DM) implants, but has yet to translate into an acceleration in underlying market growth.

FY27 NPAT guidance of A$330-350m implies only modest growth and not yet a material earnings inflection.

Morgans has a share price target of $138.42, which implies just 1% growth ahead.

National Australia Bank Ltd (ASX: NAB)

The NAB share price is $38.33, down 1.5% today and down 9% over 12 months. 

Over the past month, this ASX 200 bank share has fallen 3%.

Morgans maintained a trim rating on the ASX 200 bank share after NAB’s 3Q FY26 update.

The broker said:

3Q26 cash profit growth trailed 2H26 consensus expectations, driven by slower revenue growth (particularly the relatively higher quality net interest income).

No change to FY26F EPS, but FY27/28F moderated on lower net interest income growth outlook.

DCF valuation declines -3% to $35.19/sh.

TRIM retained. Potential TSR c.-5% at current prices (including c.4.4% yield).

Morgans has a 12-month target of $35.19 on NAB shares.

This implies a potential 8% downside ahead.

The post Buy, hold, sell: SRG Global, Cochlear, NAB shares appeared first on The Motley Fool Australia.

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Motley Fool contributor Bronwyn Allen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Cochlear. The Motley Fool Australia has recommended Cochlear and Srg Global. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

S&P/ASX 200 Index (ASX: XJO) shares are 0.2% higher at 9,075.1 points on Thursday.

As earnings season continues, three experts give us their views on three ASX shares.

Let’s check them out. 

Hub24 Ltd (ASX: HUB)

The Hub24 share price is $76.47, down 4.1% today and down 27% over 12 months. 

Morgans has an accumulate rating on this ASX 200 financial share after reviewing the company’s FY26 report.

The broker said: 

HUB’s FY26 Group result was largely in line with expectations with underlying EBITDA of A$211.4m, up 30% on pcp, consistent with MorgansF/Consensus A$212m, and underlying NPAT of A$137.3m slightly ahead of MorgansF A$131.9m.

Platform EBITDA however fell short of expectations due to slower revenue momentum in 2H26, which was outpaced by 2H26 Platform Opex growth.

HUB’s FY28 FUA target of A$186-200bn points to FY28 net flows of ~A$18-19bn, however momentum through to Aug’26 appears to be running behind this due to elevated discretionary gross outflows.

Whilst the timing of this roll-off remains uncertain, we see this as a near-term headwind and likely to abate, although it does suggest FY27 flows will track lower than FY26 (particularly vs. 1H26).

Car Group Ltd (ASX: CAR)

The Car share price is $28.40, down 2.1% today and down 31% over 12 months. 

On The Bull this week, Tom Fairchild from Lazarus Capital Partners gives Car shares a hold rating.

After reviewing Car Group’s FY26 report, Fairchild said: 

This global digital car market business enjoys first mover advantage.

Investors reacted positively to the company’s full year results. Reported revenue of $A1.253 billion was up 6 per cent on the prior corresponding period. Reported net profit after tax of $A314 million was up 14 per cent.

The company expects to generate high single digit revenue growth in Australia in fiscal year 2027 and double digit revenue growth in constant currency in North America and Latin America.

The company is resilient through economic cycles and offers excellent brand value.

Baby Bunting Group Ltd (ASX: BBN)

The Baby Bunting share price is $1.30, up 3.4% today and down 47% over 12 months. 

Andrew Wielandt from DP Wealth Advisory has a sell rating on this ASX consumer discretionary share. 

Wielandt said: 

In June 2026, the specialty baby retailer downgraded full year guidance, citing softer trading in the fourth quarter of 2026.

Three interest rate rises in the second half of 2026 and higher fuel prices weighed on consumer spending and lifted distribution costs.

Also, the company is up against fierce competition.

Given industry and retail trends, I expect BBN to face challenging times moving forward, at least in the short term.

The post Buy, hold, sell: Car Group, Baby Bunting, Hub24 shares appeared first on The Motley Fool Australia.

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• 2 ASX shares highly recommended to buy: Experts

Motley Fool contributor Bronwyn Allen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Hub24. The Motley Fool Australia has recommended CAR Group Ltd and Hub24. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

IDP Education Ltd (ASX: IEL) shares have crashed 24% to an all-time low of $1.64 in Thursday afternoon trade.

At one point earlier this morning, the shares dropped as low as $1.55 a piece.

The global education company’s shares are now down 71% for the year-to-date and 65% lower than 12 months ago.

What happened today?

It looks like the catalyst for today’s sell-off is IDP’s FY26 results update, which the company posted to the ASX ahead of the market open this morning.

The company posted a steep decline in NPAT, down 74% from last year. It also announced a 11% decline in revenue and an 18% decline in adjusted NPAT.

IDP said its earnings decline was caused by weaker international student demand. This is mostly a result of ongoing policy changes and tighter migration settings in key markets. 

Student Placement volumes tumbled by 27% and IELTS English Language Testing volumes dropped by 8%. 

But it’s not all bad news. Despite the headwinds, IDP still delivered a $32 million underlying reduction in overhead costs, exceeding its transformation target. It also continued to generate strong cash flow, bringing net debt down by 29% to $118.6 million.

IDP also launched a share buy-back program of up to $50 million, suggesting confidence in its transformation strategy. 

But looking ahead to FY27, the company said it expects challenging market conditions to persist, with tighter migration and student visa policies continuing to weigh on volumes.

The company’s shares also crashed in late 2025. And its dismal performance led to the stock being removed from the S&P/ASX 200 Index (ASX: XJO) amid a reshuffle in September last year. IDP Education is now among the worst-performing shares in the All Ordinaries Index (ASX: XAO) over the past 12 months. 

Investors are clearly disappointed with the update, and many have decided to sell up their shares ahead of a further downturn.

So, what can we expect next from IDP shares?

Is it time to buy in the dip? Or is more downside coming?

Some analysts said they think visa caps and declines in student volume may have bottomed out, particularly in key markets like Canada and Australia. 

This suggests student placement volume could start rebounding, and it could lift revenue and the company’s share price.

But there isn’t much evidence of this translating to higher revenue just yet. I think we could see some adjustments to analysts and broker forecasts in the coming days as they digest the latest update.

But at the time of writing, Market Index data shows the majority of brokers have a buy rating on the ASX education shares. The $4 average target price is unchanged, which implies the shares have the potential to jump 140% higher, at the time of writing.

The post IDP shares crash 24% to historic low on Thursday: What happened? appeared first on The Motley Fool Australia.

More reading

• IDP Education posts steep FY26 profit drop but stays on transformation track
• These 2 oversold ASX shares look super cheap right now

Motley Fool contributor Samantha Menzies 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 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.