Category: Stock Market

Champion Iron Ltd (ASX: CIA) shares are sliding on Thursday after the iron ore producer released its fourth-quarter results.

The Champion Iron share price is down 3.39% to $4.84 at the time of writing.

It has been a mixed ride for shareholders. Champion Iron shares are down about 20% in 2026, despite still being up around 14% over the past year.

Here’s what happened in the 3 months ended 31 March.

Production lifts despite rail disruption

According to the release, Champion Iron produced 3.4 million wet metric tonnes (wmt) of high-purity 66.2% iron ore concentrate during the quarter.

That was up 8% from the same period last year.

The company said the result reflected stronger productivity and improved iron recovery at its Bloom Lake operations in Canada.

Sales volumes were also solid, coming in at 3.5 million dry metric tonnes (dmt). That was broadly in line with the prior corresponding period.

The miner said this was achieved despite rail service disruption caused by a third-party train derailment in late December.

This affected operations through part of the quarter, although rail service later resumed.

Champion also said its direct reduction pellet feed project remains on schedule.

The project is designed to upgrade about half of Bloom Lake’s capacity to produce higher-grade material.

Initial production tests were completed in March, with commercial production expected by the end of the June quarter.

Profit takes a hit

The weaker share price reaction appears to be coming from the financial side of the result.

Revenue fell to US$414.5 million for the quarter, down from US$425.3 million a year earlier.

Earnings also moved lower. Champion Iron reported EBITDA of US$114.3 million, compared with US$127.4 million in the prior corresponding period.

Net income fell, dropping to US$23.2 million from US$39.1 million.

Costs are also receiving attention.

Champion reported a C1 cash cost of US$82.7 per dmt, up from US$80 a year earlier.

Its all-in sustaining cost (AISC) rose to US$96.9 per dmt, compared with US$93.1 last year.

The company pointed to higher freight and other costs, including pressure from the C3 freight index.

It also said the lower EBITDA and margin were mainly driven by a stronger Canadian dollar against the US dollar.

Champion’s average realised selling price was US$120.0 per dmt, slightly below the P65 index average of US$120.8 over the period.

Cash and dividends stay in focus

The company ended March with US$296.8 million in cash and cash equivalents.

It also had US$515.5 million in available loans and total cash, working capital, and available credit facilities of more than US$1 billion.

Champion Iron also announced a revised dividend policy.

Under the new framework, future dividends are expected to equal 30% to 40% of free cash flow.

Despite this, no dividend was declared for the March half.

Management said this reflected a focus on preserving liquidity during volatile macroeconomic conditions.

The post Warning: Champion Iron shares slide as profits take a hit appeared first on The Motley Fool Australia.

More reading

• Buy, hold, sell: Mineral Resources, Fortescue, Champion Iron shares
• Champion Iron announces production gains and new growth projects

Motley Fool contributor Aaron Teboneras 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.

Hub24 Ltd (ASX: HUB) is not the loudest growth share on the ASX.

It is not selling products to consumers, building artificial intelligence (AI) models, or chasing a glamorous global market. But I think it is one of the best ASX 200 growth shares to buy for the long term.

The reason is simple. Hub24 sits in the middle of a wealth management industry that is still changing.

A strong position in a large market

Hub24 provides investment platform technology used by financial advisers and their clients.

That may sound niche, but I think it is a very attractive part of the market.

Financial advice is becoming more complex. Clients can have superannuation, pensions, managed accounts, tax needs, estate planning considerations, and investment portfolios that need to be managed across different life stages.

Advisers need systems that make that work easier.

That is where Hub24 has built its position. Its platform helps advisers manage client money, administration, reporting, and investment choices more efficiently.

I like that because once a platform becomes part of an advice practice’s daily operations, it can become very sticky. Advisers do not want clunky technology, poor service, or unnecessary admin slowing them down. If Hub24 keeps delivering a better experience, it can keep winning share.

It still has room to grow

One of the big reasons I like Hub24 is that it is already large, but not close to being finished.

In its latest update, Hub24 said total funds under administration reached $151.7 billion at 31 March 2026, up 22% on the prior corresponding period. Platform funds under administration reached $127.8 billion, up 25%.

That is already a substantial business.

But the company also noted that its platform market share was 9.7% at 31 December, up from 8.3% a year earlier. This means it ranked as the sixth-largest platform by funds under administration.

That tells me two things.

First, Hub24 is clearly gaining ground. Second, there is still a lot of market share available to win from incumbents.

This is the part of the story I find most compelling. Hub24 does not need to invent a new industry to grow. It needs to keep attracting advisers, winning flows, and improving its platform in a market where many older providers may still be vulnerable to better technology and service.

Why I’d buy this ASX 200 growth share

I think Hub24 has several traits I like in a growth share.

It operates in a large market, has a strong reputation, benefits from structural changes in wealth management, and still has meaningful market share to win.

There are risks to consider. Competition remains strong, and platform businesses can be sensitive to market falls because funds under administration are linked to asset values. Valuation is also important, particularly for a high-quality growth stock.

But I think Hub24’s growth runway and current valuation remain attractive.

Foolish takeaway

Some growth shares need a dramatic breakthrough to justify investor optimism.

Hub24’s opportunity looks different. The company is already doing the thing it needs to do: winning advisers, attracting flows, and taking share in a market that still has plenty of room for better technology.

That does not mean the share price is guaranteed to move higher. But if Hub24 keeps strengthening its position over the next few years, I think it could become a much larger and more valuable ASX 200 business.

The post Why I think this could be one of the best ASX 200 growth shares to buy appeared first on The Motley Fool Australia.

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Motley Fool contributor Grace Alvino has positions in Hub24. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Hub24. The Motley Fool Australia has recommended Hub24. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

CSL Ltd (ASX: CSL) shares are down again during Thursday lunchtime trade.

At the time of writing, the shares are down around 1% to $98.03 a piece.

May wasn’t a good month for the CSL share price. Today’s slump means the biotech stock has now fallen around 24% over the past month alone, and is just over 60% lower than a year ago.

Now the question is, have CSL shares now hit the bottom? Or will they tumble even lower in June?

What happened to CSL shares in May?

CSL shares suffered their biggest-ever one-day crash in early-May after the company lowered its FY26 outlook after interim CEO Gordon Naylor completed his 90-day review.

The company now expects FY26 revenue of around US$15.2 billion on a constant currency basis. It also expects NPATA of about US$3.1 billion, excluding restructuring costs and impairments.

The downgrade has come about following several issues. 

CSL noted that in US immunoglobulin, demand is still growing but normalisation of channel inventory is expected to cause a revenue impact of approximately US$300 million. 

In China, the company expects a US$200 million impact from a decline in the market value of albumin. 

Meanwhile a further US$150 million impact from the Middle East conflict, revised HEMGENIX growth, and competition in iron.

Investors were spooked by the downgrade, and it highlighted that the business is facing several issues all at once. 

At the same time, there has also been a broad market rotation away from healthcare-related stocks in 2026. 

ASX healthcare shares have lagged behind most other sectors on the index so far this year as investors reposition themselves towards ASX energy stocks, resources, and defensive assets. 

Should I buy the shares in June?

The good news is that CSL has said its growth initiatives are working. However the company added that the financial benefits will take longer than previously expected.

At the time of writing, analysts consensus is for an upside ahead of the next 12 months, but it’s clear that investors can’t expect the shares to return to previous levels.

I can’t see that the increase will start filtering through as early as the next few months, so some patience is needed. In fact, I’m expecting more downside ahead before the shares start to rebound.

What is clear is that the market needs to readjust its expectations for CSL shares going forward. 

TradingView data shows that sentiment is evenly split. Nine out of 18 analysts have a buy or strong buy rating on the stock, and the other nine rate the shares as a hold.

The average $147.55 target price implies a potential 51% upside at the time of writing. 

That increase would take us back to the valuation the shares were trading at in February this year, which is a far cry from the $300-level see through 2020 to 2024.

The post Should I buy CSL shares in June? appeared first on The Motley Fool Australia.

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• After CSL’s 60% share price crash, insiders are starting to buy
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• Under $100, are CSL shares finally too cheap to ignore?

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 positions in and has recommended CSL. The Motley Fool Australia has recommended CSL. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The S&P/ASX 200 Index (ASX: XJO) is on course to record a disappointing decline. In afternoon trade, the benchmark index is down 1.05% to 8,627.3 points.

Four ASX shares that are not letting that hold them back are listed below. Here’s why they are rising:

Galan Lithium Ltd (ASX: GLN)

The Galan Lithium share price is up 8.5% to 47.2 cents. Investors have been buying this lithium developer’s shares following the release of an update on its Hombre Muerto West (HMW) project. Management advised that it has completed wet plant commissioning and produced its first processed lithium chloride brine at HMW. This processed brine has now been discharged into the final evaporation ponds. Galan’s managing director, Juan Pablo Vargas de la Vega, said: “The significance of the successful commissioning of the HMW plant cannot be overstated. The HMW mining operations have now been completely de-risked from start to finish and in just a few months we expect to have lithium chloride concentrate ready for sales.”

Life360 Inc (ASX: 360)

The Life360 share price is up 1.5% to $19.21. The release of a broker note out of Bell Potter this week has given this location technology company’s shares a boost. According to the note, Bell Potter has retained its buy rating on Life360’s shares with an improved price target of $33.00. It said: “We expect similarly strong paying circle growth in each of Q2, Q3 and Q4 and, given this is the key driver of revenue growth, we believe market focus will shift to this positive rather than the negative of any weakness in MAU growth.”

Select Harvests Ltd (ASX: SHV)

The Select Harvests share price is up 7.5% to $3.89. Investors have been buying the almond producer’s shares following the release of its half-year results. Select Harvests reported an underlying net profit of $29.1 million. This was up 33% from $21.9 million during the prior corresponding period. The company’s managing director, David Surveyor, said: “Underlying NPAT is up 33% in the first half. The earnings profile of the Company has changed and in the second half we will see the benefits of increased external grower volumes and value-added sales contributing to the profitability of what is expected to be a meaningfully improved FY2026 result.”

SiteMinder Ltd (ASX: SDR)

The SiteMinder share price is up 8% to $3.27. This morning, this hotel technology company announced the launch of SiteMinder Powered. This allows selected hospitality technology companies to integrate SiteMinder’s distribution engine directly within their own platforms. SiteMinder’s CEO, Sankar Narayan, commented: “SiteMinder Powered is a natural evolution of our platform, especially at this time when we are witnessing AI reshaping how hoteliers work. Over time, we expect more agentic workflows to operate seamlessly across connected hospitality platforms – and, as those workflows become more automated, the infrastructure connecting hotel systems, distribution channels and commerce capabilities becomes more valuable.”

The post Why Galan Lithium, Life360, Select Harvests, and Siteminder shares are storming higher appeared first on The Motley Fool Australia.

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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 and SiteMinder. The Motley Fool Australia has positions in and has recommended Life360 and SiteMinder. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Select Harvests Ltd (ASX: SHV) shares are up more than 10% after the company announced a jump in first-half underlying net profit and a new share buyback.

On a growth path

The company said in a statement to the ASX that it had delivered underlying net profit of $29.1 million in the first half, up from $21.9 million from the previous corresponding period.

The almond grower said it expected its 2026 almond crop to come in at 29,500 tonnes, with a forecast range of 28,000 to 31,000 tonnes, up from 24,903 tonnes for FY25.

Select Harvests also said the almond price had held up, with a price of $10.21 per kilogram achieved in the first half compared with $10.18 previously.

The company’s Managing Director David Surveyor said regarding the results:

Underlying NPAT is up 33% in the first half. The earnings profile of the Company has changed and in the second half we will see the benefits of increased external grower volumes and value-added sales contributing to the profitability of what is expected to be a meaningfully improved FY2026 result. The Company is successfully delivering its strategy, and this is reflected in our financial performance. The Board has therefore declared a fully franked interim dividend of 3.5 cents per share and announced an on-market share buy-back of up to 10% of issued capital.

Select Harvests said the 2026 crop was going to be among the biggest in the company’s history due to investments in both farming and processing practices.

The company added:

In terms of growth the Company has effectively doubled in size over the last three years. The Board has now set the next series of targets with the aim of increasing Select Harvests to 65,000MT and $700m revenue by 2030 based on confidence in our strategy and people.

The company said sales for the half were $45.5 million lower than for the same period the previous year, coming in at $59 million, however this was caused by a lower carryover crop and the impact of a late 2026 harvest due to wet weather.

The company said 2026 revenues “will grow materially driven by growth in Select Harvests crop size and external grower volumes”.

Expanding into new markets

The company said re sales:

In terms of global markets, the Company continues to grow its customer base, particularly in China and India allowing for an improved sales profile and diversification as we add more direct customers, consistent with our strategy. Access to the Middle East markets remains challenging with the disruption to supply chains, however we have successfully redirected supply to other markets.

The company said its board did not believe the share price reflected the value of the company, and hence it would conduct a buyback starting no earlier than 14 days from the announcement.

Select Harvests shares were trading 11.1% higher at $4.02. The company is valued at $514.43 million.  

The post This company has just announced a buyback, and the shares are surging appeared first on The Motley Fool Australia.

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Motley Fool contributor Cameron England 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.

If you’re buying Rio Tinto Ltd (ASX: RIO), BHP Group Ltd (ASX: BHP), or Fortescue Ltd (ASX: FMG) shares, then you’ll know the importance of the prevailing iron ore price.

While the S&P/ASX 200 Index (ASX: XJO) mining giants are increasing their exposure to copper, iron ore will remain a core revenue earner for the foreseeable future.

And the iron ore price has continued to defy bearish analyst expectations of a retrace to US$90 or even US$80 per tonne.

Indeed, the industrial metal topped US$111 per tonne earlier this month and is currently trading north of US$109 per tonne.

Adding in the surging copper price, and we’ve seen two of three ASX 200 mining stocks smash the benchmark performance this year. (Fortescue shares have struggled this calendar year, in part due to concerns over the miner’s ambitious green energy expenditures.)

In 2026, the ASX 200 is down 0.9%.

Over this same time:

• BHP shares are up 34.2%
• Fortescue shares are down 1.0%
• Rio Tinto shares are up 25.8%

Which brings us back to…

Why CMRG matters for BHP, Rio Tinto, and Fortescue shares

If you’re not familiar with the acronym, CMRG stands for the China Mineral Resources Group.

Formed in 2022, the company – which represents the majority of China’s steel mills – is backed by the Chinese government. The aim is to increase the nation’s bargaining power over global iron ore prices by centralising purchasing negotiations.

As you may recall, earlier this year, BHP was locked in negotiations with CMRG for a number of months over potentially lower iron ore prices and increased use of renminbi in purchase contracts.

Those negotiations concluded last month.

And BHP, Rio Tinto, and Fortescue shares could suffer a hit to their future earnings if CMRG succeeds in gaining greater influence on global iron ore pricing.

That’s according to Tim Day, BHP’s Western Australian iron ore asset president, who warned that CMRG will continue to push for lower iron ore prices, thereby increasing the profitability of Chinese steel mills, in future negotiations.

Speaking at The Australian Financial Review Mining Summit in Perth, Day said:

We’re through it now, which is the good part, but it will be on again next year … and it is getting more complex [and] will just continue from here.

What does that kind of mean for the Australian iron ore industry in particular? You will see over time that this will continue to play that way, and the power and size of China just have that impact.

The post Buying Rio Tinto, BHP or Fortescue shares? Here’s why CMRG matters appeared first on The Motley Fool Australia.

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Motley Fool contributor Bernd Struben 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 recommended BHP Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The CSL Ltd (ASX: CSL) share price fall has become too big for investors to ignore.

The biotech giant is down another 1.46% to $97.81 on Thursday, taking its one-month decline to about 26%.

Over the past year, the damage is even more severe. CSL shares have fallen roughly 60% since this time last year.

That’s a rare fall for a business long viewed as one of the ASX’s highest-quality healthcare names.

Now, after months of bad news, investors have been given a small but interesting signal from inside the company.

Let’s take a closer look.

Naylor buys after the sell-off

According to the company’s change of director’s interest notice, interim Chief Executive Gordon Naylor bought 1,100 CSL shares on 26 May.

The shares were acquired on-market for $107,800.

It is Naylor’s first on-market share purchase since taking the top job, and it comes after a heavy fall in the CSL share price.

On its own, the purchase isn’t huge for a company of CSL’s size. But after a string of disappointing updates, it’s the kind of move investors are likely to notice.

CSL has just gone through one of the roughest periods in its recent history. The company has cut its outlook, and investors have kept selling after years of weaker share price performance.

While insider buying doesn’t guarantee a turnaround, a senior executive buying shares after a major sell-off can still give investors a reason to look again.

Another director has been buying too

Naylor is not the only CSL director to recently buy shares.

A separate notice shows Non-Executive Director Alison Watkins acquired 2,540 shares on-market earlier this month for $250,595.

Again, the purchase does not change the issues CSL is dealing with. The company still needs to rebuild confidence after a steep share price fall and a difficult run of updates.

But a second director purchase does make the buying much harder to ignore.

What investors are watching next

CSL still has plenty to prove.

The company remains a global healthcare giant, with operations across plasma therapies, vaccines, iron deficiency, nephrology, and other speciality areas.

But the market has stopped giving the stock the benefit of the doubt.

The next few updates will need to show that earnings pressure is stabilising, cash generation remains sound, and the board has a clear leadership plan.

Naylor’s share purchase may get investors looking again. But CSL still needs to prove the worst of the earnings pressure is behind it.

The post After CSL’s 60% share price crash, insiders are starting to buy appeared first on The Motley Fool Australia.

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Motley Fool contributor Aaron Teboneras 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 CSL. The Motley Fool Australia has recommended CSL. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

WiseTech Global (ASX: WTC) shares have fallen further into the red on Thursday.

At the time of writing, the shares are down around 2% to $36.35 each.

Today’s slide means the beaten-down tech stock is now down close to 47% for the year to date and has crashed just over 66% inside 12 months.

For context, the S&P/ASX 200 Index (ASX: XJO) is down around 1% this morning but is just over 3% higher than a year ago.

What on earth happened to WiseTech shares?

It’s been a bloodbath for WiseTech shares over the past year, with the tech company hit by multiple and consecutive headwinds which sent its share price tumbling. 

WiseTech was caught up in a tech-sector wide sell-off in late-2025 and early-2026 after investors became concerned about the implications of AI on traditional software models. 

Shortly later, concerns about conflict in the Middle East spooked investors further. Global sharemarket uncertainty saw investors turn their back on high-growth technology stocks like WiseTech and rotate towards more stable assets instead.

Can the tech stock turn its share price around?

WiseTech certainly has a lot of potential.

The company’s CargoWise platform is deeply embedded in the global logistics industry. That means it’s difficult to replace and gives WiseTech a strong competitive advantage in the market.

Investors are also optimistic about the company’s potential to expand further into the global trade market.

And this market dominance was represented in its latest results.

The company’s most recent market update was back in February when it reported its half-year FY26 results and reaffirmed its FY26 guidance.

Highlights from the first half included a 76% year-on-year revenue boost and a 31% increase in reported EBITDA.

On the bottom line, WiseTech reported a 2% increase in underlying NPAT.

The company also recently reaffirmed full-year revenue guidance of between US$1.39 billion and US$1.44 billion. That would represent growth of 79% to 85% for the year. Meanwhile, management forecasts full-year EBITDA in the range of US$550 to US$585 million, up 44% to 53% from FY25.

CEO Zubin Appoo also commented that AI is strengthening the company’s advantage in the market, unlocking efficiency gains and adding value to customers.

The potential for AI to automate manual logistics processes and reduce errors could make WiseTech’s CargoWise platform even more valuable over time.

Where do brokers expect WiseTech shares to go next?

Market Index data shows brokers have a strong buy consensus on WiseTech shares. They tip a potential 123% upside over the next 12 months to an average $81.64 target price, at the time of writing.

The team at Dolphin Partners Financial Services recently named the ASX tech stock as a buy. The broker said it thinks the shares are trading at a deep discount to broker valuations following significant share price weakness.

Bell Potter also has a buy rating on the shares and said it is eagerly awaiting the FY26 results in August. The broker added that, depending on the FY26 results, WiseTech’s FY27 forecast could even prove to be conservative and has the potential to drive renewed confidence and push up its share price. 

The post WiseTech shares crash 66% in 12 months. What’s next? appeared first on The Motley Fool Australia.

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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 positions in and has recommended WiseTech Global. The Motley Fool Australia has positions in and has recommended WiseTech Global. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Shares in ASX tech company SiteMinder Ltd (ASX: SDR) are charging higher after it announced the launch of a new technology offering.

Easier integration

The hotel commerce platform provider said in a statement to the ASX that it had launched SiteMinder Powered, “enabling, for the first time, selected hospitality technology companies to integrate SiteMinder’s distribution engine directly within their own platforms”.

The company added:

The capability expands how hotels can access SiteMinder’s hotel commerce capabilities at an infrastructure level. While many hotels will continue to use the full SiteMinder platform directly, others will soon be able to access SiteMinder-powered capabilities through the hospitality software systems they already use every day.

SiteMinder said its inaugural partner for the new product was Mews – a hospitality operating system and a long-time partner of SiteMinder.

SiteMinder said regarding the partnership:

Under the new model, Mews will integrate SiteMinder’s distribution engine natively into its platform and make it available to users as ‘Mews Channel Manager – Powered by SiteMinder’. SiteMinder’s Channels Plus, Demand Plus and Dynamic Revenue Plus products will also be included. For hoteliers, the integrated experience has been designed to provide a Mews-native hotel commerce workflow powered by SiteMinder’s distribution engine, which facilitates the movement of rates, availability, inventory, restrictions, reservations and other content across the global hotel demand ecosystem.

SiteMinder Managing Director Sankar Naryan said the new product was a natural evolution of the company’s platform.

He said further:

Over time, we expect more agentic workflows to operate seamlessly across connected hospitality platforms – and, as those workflows become more automated, the infrastructure connecting hotel systems, distribution channels and commerce capabilities becomes more valuable. SiteMinder’s distribution engine has powered hotel commerce for twenty years and today moves over 300 million room nights annually through one of the world’s largest hotel demand ecosystems. Through SiteMinder Powered, we are expanding how that infrastructure is delivered across the hospitality ecosystem, starting with Mews.

Shares piling on the gains

SiteMinder shares were 11.3% higher at $3.36 on the news on Thursday morning. The shares have traded in a wide range over the past 12 months – as high as $7.96 and as low as $2.60.

RBC Capital Markets said in a note to their clients that the new development was neutral for the share price outlook. The broker has a price target of $7 on SiteMinder shares.

RBC said it was positive that Mews had chosen to partner with SiteMinder, and Mews would be incentivised to upsell SiteMinder products under the arrangement.  

SiteMinder is valued at $854.9 million.

The post Why is this ASX tech company surging more than 10% today? appeared first on The Motley Fool Australia.

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Motley Fool contributor Cameron England 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 SiteMinder. The Motley Fool Australia has positions in and has recommended SiteMinder. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

If you are in the market for some new additions to your portfolio, then it could pay to listen to what analysts at Morgans are saying.

This morning, the broker named three ASX shares as buys. Here’s what it is recommending to clients:

Eagers Automotive Ltd (ASX: APE)

Morgans remains positive on this auto retailer despite the release of a mixed trading update this week.

In response, the broker has retained its buy rating with a reduced price target of $27.25. It said:

APE delivered a mixed AGM update. Key OEM supply constraints tempered 1H26 expectations, with ANZ 1H26 PBT guided flat/slightly ahead yoy (7-11% below cons), while record order intake (>29% ahead of deliveries YTD) and ANZ/CAD acquisition contributions support a robust 2H outlook. We expect guidance may prove conservative, with the group yet to work through the peak May/June trading period (~50% of 1H profit) and supply conditions remaining constrained across key OEMs.

Despite some near-term earnings uncertainty, we continue to view a meaningful structural opportunity across consolidation (AUS/CAD), strategic alliances (Mitsubishi Corporation), used vehicles (EA123) and ongoing NEV leadership. We see recent share price pressure (~18x FY27F PE) as an attractive entry point given the earnings trajectory ahead (CY27F EPS growth ~19%).

Nufarm Ltd (ASX: NUF)

Another ASX share that Morgans is positive on is agricultural chemicals company Nufarm.

It was pleased with its half-year results and highlights that the company is on track to deliver strong earnings growth in FY 2026.

As a result, the broker has reiterated its buy rating with a $4.15 price target. It said:

NUF’s 1H26 result was at the higher end of guidance with the company reporting strong earnings growth. Seed Technologies reported a particularly strong result. NUF is on track to deliver strong underlying EBITDA growth in FY26. Pleasingly, the company upgraded its Seed Technology guidance. NUF is our key pick of the ag and chemical sector. The company is materially undervalued and we reiterate our BUY rating with a new price target of A$4.15.

Web Travel Group Ltd (ASX: WEB)

This travel technology company delivered an FY 2026 result ahead of expectations this week.

And while FY 2027 will be impacted by the Middle East conflict, Morgans remains positive.

So much so, it has upgraded this ASX share to a buy rating with a $3.75 price target. It explains:

Given the Middle East conflict affected trading in March, WEB’s FY26 result came in at the lower end of guidance, albeit better than consensus, proving its resilience. Unsurprisingly, WEB’s FY27 update showed that trading has slowed materially given the conflict. Adverse FX has been another headwind. Given the uncertainty, WEB did not provide any formal FY27 earnings guidance. We have made significant downgrades to our forecasts. We assume that the conflict and a subdued consumer environment impacts WEB’s 1H27 (seasonally stronger half), followed by a recovery in the 2H27.

After material share price weakness, we upgrade WEB to a BUY rating. The company is worth materially more than the current share price. We know from past economic and geopolitical events, that after a downturn, travel demand rebounds and so will its earnings and share price.

The post Morgans says these ASX 200 shares are buys appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has positions in Web Travel Group Limited. 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 recommended Eagers Automotive Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.