Category: Stock Market

The S&P/ASX 200 Index (ASX: XJO) is down around 0.2% at the time of writing on Tuesday afternoon as investors digest the latest interest rate hold decision by the Reserve Bank.

But when market sentiment looks rocky, it’s important to know which ASX 200 shares could drag down the index further.

Here are 4 ASX 200 shares that brokers rate as a sell, and some of them are tipped to fall up to 44% over the next 12 months.

Commonwealth Bank of Australia (ASX: CBA)

CBA shares are down around 0.5% on Tuesday afternoon, to $160.99 a piece. The ASX 200 banking giant’s shares dropped 14% in mid-May after it posted a disappointing third-quarter capital update and investor sentiment seems to have been volatile ever since. Even despite the lower-than-expected financial result, the banking giant still seems to be supported by a flight to quality. But brokers aren’t convinced. With ongoing earnings pressures and expectations that growth will be in the single digits going forward, the experts still see CBA shares as significantly overvalued at the current share price. TradingView data shows that the majority of analysts have a sell or strong sell rating (14 out of 16). They tip a potential 44% downside to a minimum target price of $90, at the time of writing. 

Westpac Banking Corp (ASX: WBC)

Westpac is another ASX 200 bank stock in the spotlight this week. Its shares are also down around 0.3% at the time of writing, to $35.22 each. Westpac posted a solid first-half result in early May, but sentiment is still low and broad bank sector weakness has still pulled the shares lower. The bank’s shares came under even more selling pressure last month after a court ruling weighed on sentiment. Brokers now consider Westpac shares as overvalued. The majority (nine out of 16) have a sell or strong sell rating on the shares. The minimum $29.41 target price implies the shares have the potential to fall another 16% over the next 12 months, at the time of writing. 

Wesfarmers Ltd (ASX: WES)

Wesfarmers shares are down around 2% at the time of writing on Tuesday, to $84.86 a piece. The dip follows a huge 21% rally over the past month. But it looks like many think the shares are now above fair price. The Bunnings and Kmart owner held a strategy day last week but there was no clear trading update. Analysts are concerned that there are no near-term catalysts which could see the stock charge higher. TradingView data shows analysts are divided about the outlook for Wesfarmers shares. The majority still have a hold rating on but several (four out of 14) now rate Wesfarmers as a strong sell. What they do agree on, however, is that there is a downside ahead. The minimum $65.10 target price implies Wesfarmers shares could fall around 23% over the next 12 months, at the time of writing.

Fortescue Ltd (ASX: FMG)

Fortescue shares are slightly lower on Tuesday afternoon, down around 0.1% to $20.79 each. The ASX 200 iron ore miner has had a volatile run this year. Its shares have fluctuated anywhere between $18.96 and $22.99 a piece. The issue is the company is heavily exposed to the price of iron ore, which has also swung wildly over the past 12 months. Iron ore has also faced margin pressure from tightening Chinese steel mill profitability standards. It looks like analysts are concerned that the outlook for Fortescue is just as uncertain as the past 12 months. TradingView data shows the experts are split between a hold and a sell/strong sell rating. Unsurprisingly, the target prices also vary wildly. The minimum $16.16 target price, however, implies a potential downside of up to 22%, at the time of writing.

The post Brokers rate these 4 ASX 200 shares as a sell! appeared first on The Motley Fool Australia.

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• Here’s the dividend forecast out to 2027 for CBA shares
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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 Wesfarmers. The Motley Fool Australia has recommended Wesfarmers. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Dicker Data Ltd (ASX: DDR) shares have extended their recent rally on Tuesday, reaching their highest level in a year.

The Dicker Data share price climbed as high as $11.95 during mid-afternoon trade before easing slightly.

At the time of writing, the ASX tech share is up 1.97% to $11.92.

That takes its one-month gain to around 35%, while shareholders have enjoyed a rise of more than 50% over the past year.

So, what has investors buying Dicker Data shares?

Strong start to FY26

The recent rally followed a strong trading update released at Dicker Data’s annual general meeting (AGM) in late May.

For the first 4 months of FY26, unaudited gross revenue increased 13.4% to $1.27 billion.

Gross operating profit surged 19.3% to $120.9 million, while EBITDA climbed 32% to $58.2 million.

Net profit before tax delivered the biggest increase, jumping 45.5% to $47.3 million.

Management said the result was driven by stronger demand for endpoint products, software, and data centre refresh projects.

Margins also improved as the company sold through older inventory purchased at lower prices.

Tech spending is lifting demand

Dicker Data distributes hardware, software, and cloud products from major global technology vendors to more than 10,000 reseller partners across Australia and New Zealand.

This gives the company exposure to several areas of technology spending without needing to develop the products itself.

Demand is currently being supported by businesses replacing older computers, investing in data centres, and spending more on artificial intelligence (AI) infrastructure.

Software has also become a larger part of the business, with gross software sales increasing 21% during FY25 to around $1.17 billion.

Dicker Data has also added new vendors across cybersecurity, data management, and networking, expanding the range of products available to its reseller partners.

Management expects the strong end-of-financial-year trading period to support momentum through the first half. However, it warned that higher vendor prices and inventory replacement costs could weigh on demand later in the year.

Has the rally gone too far?

The strong trading update helps explain the recent rally, but a 35% rise in one month has also lifted expectations.

Dicker Data shares are now trading above several broker price targets published before the latest rally.

Morgan Stanley upgraded the stock to ‘overweight’ in late May and raised its target to $11.10.

UBS also lifted its valuation to $11.20, while Jarden has a buy rating and an $11 price target.

However, Macquarie is more cautious, with a neutral rating and a target of $10.35.

Only time will tell if Dicker Data shares have more room to run.

The post This ASX tech stock just hit a 52-week high after soaring 35% in a month 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 no position in any of the stocks mentioned. The Motley Fool Australia has positions in and has recommended Dicker Data. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

At 2:30pm AEST, the S&P/ASX 200 Index (ASX: XJO) was down 0.3% at 8,891 points ahead of the Reserve Bank of Australia (RBA)’s latest interest rate decision.

And, as widely expected, the RBA opted to keep the official cash rate on hold at 4.35%.

In the minutes that followed that announcement, investors favoured their buy buttons, sending the ASX 200 up 0.4% and back in the green for the day at 8,915 points.

While the market had widely priced in an RBA interest rate hold today, following three consecutive hikes at each of the central bank’s previous meetings in 2026, confirmation of those expectations was clearly welcomed.

Here’s what the RBA board had to say.

ASX 200 investors relieved on RBA interest rate pause

Sounding a cautionary note, the RBA said:

Inflation picked up materially in the second half of 2025, and information since the beginning of this year confirms that some of the increase reflected greater capacity pressures. The latest data show that headline and underlying inflation are still too high.

Fuelling ongoing inflation and potentially seeing ASX 200 investors endure another interest rate hike later this year, the RBA said, “There are signs that some firms experiencing cost pressures are increasing the prices of their goods and services and others are looking to do so.”

Positively, in terms of inflationary pressures, the RBA noted, “There are signs that growth in consumer spending is slowing as expected and momentum in the housing market has shifted, with housing prices falling in some capital cities.”

The board added that while the unemployment rate was higher than expected in April, other measures of labour market conditions have been more resilient.

Looking at what ASX 200 investors might expect ahead, the board said:

As expected, the disruption to global oil supply is having an impact on inflation. Higher fuel prices have added directly to inflation and there are indications that this is passing through to the prices of other goods and services, so inflation is likely to remain high for some time.

This inflation impulse is in addition to the high inflation recorded around the start of 2026, reflecting capacity pressures in the economy.

What are the experts saying about the RBA interest rate pause?

Commenting on the RBA’s interest rate and inflationary dilemma, Josh Gilbert, lead analyst for APAC at eToro, said:

After three hikes already this year, the board is caught between stubborn prices and a softening economy, and April’s inflation data showed just how little breathing room it has. Trimmed mean inflation ticked up to 3.4% and remains above the top of the RBA’s 2-3% target band, while the headline rate of 4.2% is still well above where the board needs it to be…

With consumer confidence tumbling again last week, households will be hoping this hiking cycle is over for now.

Carl Ang, fixed income research analyst at MFS Investment Management, added:

The RBA baseline is for prolonged stability at the current 4.35% policy rate with risks to the outlook still tilted to the upside. Potential triggers for further tightening include underlying inflation persistence above the RBA’s target as well as growth resilience like labour market stability or a consumer spending rebound…

So, when might ASX 200 investors expect some interest rate relief?

According to Ang:

Looking further ahead, H2 27 seems like the earliest for RBA rate cuts but given recent inflation overshooting any rate reductions are likely to be measured and towards neutral levels likely more than 3.5%.

The post ASX 200 jumps back into the green as RBA keeps interest rates on hold 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 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.

The metals and mining team at Macquarie has given the global copper sector a good look and upgraded its short-term outlook for the copper price.

The analyst team is now expecting prices for the red metal to be 9% stronger this calendar year, an impressive 33% up on their previous estimates for 2027 and 14% up on their 2028 estimates.

These forecasts have flowed through into their price targets for Australia’s major ASX copper miners, with a slew of upgrades announced in a recent research note to clients.

Let’s see which companies they like.

Sandfire Resources Ltd (ASX: SFR)

In terms of pure-play ASX copper companies, Sandfire is Macquarie’s top pick, with the analyst team keen on its diversified operating base, improving balance sheet, and growing pipeline.

Macquarie’s analyst team said:

The key attraction is the combination of established production, low C1 cost performance and near-term free cash flow leverage to copper and by-product prices. Growth optionality is also improving on management’s disciplined approach to M&A.  

Macquarie said the company’s joint venture with Havilah Resources Ltd (ASX: HAV) also added a potential long-life copper-gold development option in South Australia over the medium term.

Macquarie has a price target of $21 per share on Sandfire compared to $20.86 currently.

Capstone Copper Corp (ASX: CSC)

The Macquarie team have an outperform rating on Capstone, saying the company offers a more leveraged exposure through its diversified Americas portfolio.

They said:

We see the key attraction as a combination of operating scale, copper beta and self funded growth, with balance sheet capacity improving; net debt reduced to US$738m at 1QCY26. The main risks remain execution at Mantoverde and Santo Domingo sanctioning (both in the 4QCY36), and input-cost inflation, but we view the risk/reward as attractive given strong growth outlook at an attractive multiple.

Macquarie has an $18 price target on Capstone shares compared to $15.41 currently.

Looking at some other companies in less detail, Macquarie has upped its price target for Aurelia Metals Ltd (ASX: AMI) from 40 cents to 43 cents. That would constitute a 38.7% return if achieved.

For Aeris Resources Ltd (ASX: AIS), Macquarie now has a price target of 73 cents, up from 70 cents. That compares to the current price of 42 cents.

Carnaby Resources Ltd (ASX: CNB) now has a price target of 80 cents, up from 70 cents, compared to 69 cents currently.

And for FireFly Metals Ltd (ASX: FFM), the price target has increased from $2.30 to $2.50, compared to $2.04 currently.

The post Macquarie has upgraded its copper price outlook. Let’s see which ASX shares they like 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 Macquarie Group. The Motley Fool Australia has recommended Macquarie Group. 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 down around 0.5% at the time of writing on Tuesday. The index has pulled back from a spike late last week due to a drop in financial and energy stocks.

But here are six ASX 200 shares that could turn the index around over the next 12 months. And they’re all rated a strong buy by brokers, with upsides of up to 227% ahead.

Goodman Group (ASX: GMG) 

Goodman shares are up around 0.5% to $32.22 at the time of writing on Tuesday. The company owns strategic industrial land in major cities and has been shifting more of its development pipeline toward data centre projects. Despite concerns about property valuations and global growth, Goodman recently confirmed its FY26 guidance. It is targeting at least 9% earnings per security (EPS) growth. The combination has helped drive market interest. TradingView data shows the majority of brokers have a strong buy rating on the ASX 200 shares. They tip a 24% upside to a maximum $40 target price over the next 12 months.

Aristocrat Leisure Ltd (ASX: ALL)

Aristocrat shares are down around 1.7% at the time of writing on Tuesday, at $52.19 a piece. The company has gained a dominant share of the gaming industry and posted a positive first-half result last month. It posted a 6.4% increase in normalised revenue in constant currency, a 14% increase in normalised EBITA in constant currency, and increased its on-market share buyback program by $1 billion. Brokers are incredibly bullish that its share price can keep going higher over the next 12 months. The majority have a strong buy rating on the ASX 200 shares and tip a potential 33% upside to a maximum target price of $69.40 at the time of writing.

Yancoal Australia Ltd (ASX: YAL)

Yancoal shares are flat at the time of writing and trading for $6.07 a piece. The ASX 200 coal stock has outperformed this year, driven by higher-than-expected production figures and demand for metallurgical coal, which is used in steel production. Brokers think the coal miner’s shares can fly even higher in the next 12 months. Again, the majority have a strong buy rating, and they forecast a maximum price target of $14.16, which implies a potential 133% upside ahead.

Evolution Mining Ltd (ASX: EVN)

Evolution shares are up around 1.5% in Tuesday’s trade, to $13.10 a piece. The ASX 200 gold miner’s shares have enjoyed a rebound in the price of gold recently, as expectations that a US-Iran peace agreement would reopen the Strait of Hormuz eased fears of an energy-driven inflation shock. Evolution recently highlighted solid growth in both gold and copper reserves, along with encouraging exploration results. Brokers tip a maximum target price of $19.55 over the next 12 months. This implies a potential 48% upside at the time of writing.

Qantas Airways Ltd (ASX: QAN)

Qantas shares are slightly higher in Tuesday’s trade, up around 0.2% to $9.96 a piece. The ASX 200 airline’s shares were smashed lower earlier this year but have staged an impressive comeback over the past month, on the back of stronger-than-expected travel demand and a weakening oil price, thanks to news of a potential US-Iran peace deal. Brokers tip a maximum $12.80 target price. This implies a potential upside of up to 29% at the time of writing.

Xero Ltd (ASX: XRO) 

Xero shares are down around 1.5% at the time of writing to $72.35 each. It’s been a difficult year for the ASX 200 tech stock after a sector-wide sell-off saw its share price plunge. But the company benefits from an incredibly sticky subscription base and high customer retention rates. This means its revenue is relatively predictable. As a relatively small market player, it also has a lot of growth potential. Most analysts have a strong buy rating on the shares. They tip an upside of up to 227% to a maximum target price of $237.40. 

The post Brokers rate these 6 ASX 200 shares a strong buy, and tip upsides of up to 227% 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 Goodman Group and Xero. The Motley Fool Australia has positions in and has recommended Xero. The Motley Fool Australia has recommended Goodman Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The Goodman Group (ASX: GMG) share price is in focus after announcing a distribution of 15 cents per security for the six months ending 30 June 2026. This payment is scheduled for 26 August 2026 and will be fully unfranked.

What did Goodman Group report?

• Distribution of 15 cents per security, unfranked
• Record date: 30 June 2026
• Ex-dividend date: 29 June 2026
• Payment date: 26 August 2026
• The distribution covers the six-month period ending 30 June 2026

What else do investors need to know?

The company says it will provide more information about the tax components of this distribution on 24 August 2026. Investors should note that this distribution is not franked, so it may have different tax consequences compared to fully franked dividends.

Goodman Group has confirmed that the amount is estimated at this stage, and full details will be announced closer to the payment date. There is no dividend reinvestment plan linked to this particular distribution.

What’s next for Goodman Group?

Investors can look forward to the upcoming tax details and confirmation of the final distribution amount in August. Goodman Group’s ongoing updates will help unit holders plan for the payment date in late August.

As Goodman continues its regular distribution payments, its next move may depend on broader market conditions and operational updates expected in future announcements.

Goodman Group share price snapshot

Over the past 12 months, Goodman Group shares have declined 7%, trailing the S&P/ASX 200 Index (ASX: XJO) which has risen 4% over the same period.

View Original Announcement

The post Goodman Group announces June 2026 distribution appeared first on The Motley Fool Australia.

More reading

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Motley Fool contributor Laura Stewart 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 Goodman Group. The Motley Fool Australia has recommended Goodman Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

S&P/ASX 200 Index (ASX: XJO) shares are down 0.4% to 8,881.5 points on Tuesday.

Let’s check out three shares with new ratings from the experts. 

WiseTech Global Ltd (ASX: WTC)

The WiseTech share price is $37.11, down 3.4% today and down 46% in the calendar year to date (YTD). 

Bell Potter reiterated its buy rating on this ASX 200 tech share but cut its 12-month price target last week.

The broker said: 

WiseTech CEO Zubin Appoo said at the 1HFY26 result in February he was “confident and hopeful” that the company would migrate some of the remaining 5% of customers – representing c.30% of CargoWise revenue – across to CargoWise Value Packs (CVP) this financial year.

As of yet, however, there has been no announcement or indication that one or more of these customers have moved across so we suspect it is proving more difficult or at least more time consuming to achieve this outcome.

As a result we are modestly reducing our CargoWise revenue forecasts in the short to medium term given we expect this transition to provide a boost to revenue with the shift to transaction-based pricing.

We also see some risk that WiseTech may have to provide greater incentives for these customers to shift – such as transitional price
protection (TPP) or additional training – which would also have a negative impact.

Bell Potter reduced its 12-month price target from $78.75 to $71.75.

Ampol Ltd (ASX: ALD)

The Ampol share price is $34.17, up 1.1% today and up 6% YTD. 

Andrew Wielandt from DP Wealth Advisory has hold rating on this ASX 200 energy share. 

Wielandt commented on The Bull:

Ampol is Australia’s biggest petrol and convenience network. It also owns the Lytton oil refinery in Queensland.

The Middle East crisis is positive for the company’s refining margins and earnings growth is expected to continue moving forward. The convenience retail segment provides the benefit of diversification.

A significantly increasing share price in the past 12 months reflects market optimism, so ALD remains a hold at these levels.

Lotus Resources Ltd (ASX: LOT)

The Lotus Resources share price is 59 cents, up 1.2% today and down 72% YTD. 

Lotus Resources is a uranium producer. It is developing the Kayelekera mine in Malawi and the Letlhakane project in Botswana.

Elio D’Amato from EnviroInvest has a sell rating on this ASX uranium share. 

D’Amato explained: 

Uranium plays an important role in reducing global emissions and it’s encouraging the Kayelekera mine is moving towards steady-state production.

However, the latest quarterly report highlighted several operational challenges, including lower-than-expected recoveries, re-agent shortages and the withdrawal of previously reported grade and recovery figures while reconciliation processes are reviewed.

The company remains well funded and believes these issues are manageable.

Even so, in our view, operational uncertainty during a critical production ramp-up phase increases risk and warrants a more cautious approach.

The post Buy, hold, sell: WiseTech, Lotus Resources, Ampol 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 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.

Zip Co Ltd (ASX: ZIP) shares are climbing higher into the green in Tuesday lunchtime trade.

At the time of writing, the buy now, pay later (BNPL) provider’s shares are up around 1% and changing hands at $2.85 a piece. At one point this morning Zip shares climbed as high as $2.92 a piece.

The latest increase means the shares are up around 28% over the past month and have now rebounded an impressive 96% since hitting an annual low in March. 

Zip shares still have a way to go before they’ve recouped the losses shed this year, though. Even after the latest rebound, the shares are still down around 16% for the year-to-date but 7% higher than 12 months ago.

For context, the S&P/ASX 200 Index (ASX: XJO) is around 0.4% lower on Tuesday afternoon, and around 2% higher for the year-to-date.

Why is everyone buying back into Zip shares?

There hasn’t been any recent price-sensitive news out of Zip to explain the increase over the past month.

I think the rebound shows that investors are finally buying back into the growth potential for the ASX 200 tech stock.

Zip’s financial results have been robust over the past few quarters. Its latest third-quarter FY26 results announcement in mid-April showed that growth has finally started to accelerate.

The company reported a 22.4% year-on-year increase in its total translation volume (TTV) and confirmed a 20.2% increase in total income, a higher operating margin of 19.4%, and 3.5% growth of its active customer base.

Zip also upgraded its FY26 group cash EBTDA guidance to at least $260 million, up from previous guidance of around $248.6 million.

The company has been through a major reset over the past few years and is now heavily concentrated on product growth and global expansion, especially in the US. Zip is also pursuing a dual sharemarket listing on the Nasdaq in the US. This could help drive an even opportunity for business expansion in the area.

Late last year, the company also announced that its US segment was expanding its partnership with the programmable financial services business Stripe, a move that caused some investor panic at the time. 

In early February, the company confirmed it is expanding its US presence by launching a new Pay in 2 product. 

What are analysts tipping for the ASX 200 tech stock now?

Market Index data shows that brokers are incredibly bullish about the outlook for Zip shares over the next 12 months. All six brokers have a strong buy rating and they tip an upside of around 36% to a $3.86 average target price, at the time of writing.

TradingView data shows something similar. Out of 12 analysts, 11 have a buy or strong buy rating on the shares. The average target price is $3.82, which implies an upside of around 35% at the time of writing. But some are much more bullish and think Zip shares have the potential to climb up to 91% higher to $5.40 a piece over the next 12 months.

The post Up 96%: What on earth has happened to Zip shares? appeared first on The Motley Fool Australia.

More reading

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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 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.

Do you have space for some new additions in your ASX share portfolio?

If you do, it could be worth considering the three shares listed below that Morgans rates as buys.

Here’s why the broker is bullish on these names:

Judo Capital Holdings Ltd (ASX: JDO)

Morgans thinks this small business lender could be a top ASX share to buy.

In response to its capital relief securitisation transaction, the broker put a buy rating and $2.15 price target on its shares. It said:

JDO announced its second capital relief securitisation transaction backed by SME business loans. The transaction is significant as it shows JDO’s ability to again source and its willingness to utilise capital relief securitisations to support its CET1 capital ratio without the need for equity raisings. Target price of $2.15 per share, with strong double digit earnings growth forecast across FY26-28F. BUY retained, with potential TSR at current prices of c.38% (driven entirely by capital growth).

Nick Scali Limited (ASX: NCK)

Another ASX share that Morgans is bullish on is furniture retailer Nick Scali. It recently initiated coverage on its shares with a buy rating and $17.84 price target.

Morgans likes Nick Scali due to its attractive valuation and positive growth outlook. It said:

We initiate with a BUY and $17.84 PT on Nick Scali. We use an FY28 PER and DCF when setting our price target as we opt to look through near-term consumer weakness, with the current price providing an attractive entry point. High-quality retailer with a long track record. Nick Scali has delivered long-term EPS growth through disciplined store rollout, LFL growth, best-in-class margins, and operating leverage. Strong cash generation and balance sheet.

Structural negative working capital supports high cash conversion, while the low capital intensity of new store rollouts leaves ample cash flow for dividends and property purchases and/or growth ventures. Store rollout optionality. Further Plush and Nick Scali rollout in ANZ and the Nick Scali rollout opportunity in the UK provide an attractive growth leg.

Web Travel Group Ltd (ASX: WEB)

A third ASX share that Morgans is positive on is travel technology company Web Travel. It recently upgraded the WebBeds owner’s shares to a buy rating with a $3.75 price target.

It was pleased with its FY 2026 results and believes the market is seriously undervaluing its shares. 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 Broker names 3 ASX shares to buy now 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 Nick Scali. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Space Exploration Technologies Corp (NASDAQ: SPCX) shares sure did achieve lift-off!

SpaceX shares have rocketed 40% in just two days of trading, closing at US$192.50 overnight.

The largest initial public offering (IPO) in history raised US$75 billion at US$135 per share last Friday.

The IPO made founder Elon Musk, who also founded Tesla Inc (NASDAQ: TSLA), the world’s first trillionaire.

What happened with SpaceX shares?

The stock debuted on the Nasdaq Composite Index (NASDAQ: .IXIC) at midday on Friday (Saturday night Aussie time).

SpaceX shares closed 19.2% higher at US$160.95 on their first part-day of trading.

Overnight, SpaceX shares soared again in their first full trading session, gaining 19.6% to close at US$192.50.

In after hours trading, SpaceX shares are currently 12.1% higher at US$215.80.

SpaceX shares now have a market capitalisation of US$2.52 trillion.

That makes the company the seventh most valuable business in the S&P 500 Index (SP: .INX).

Its worth has already exceeded Tesla, which has a market cap of US$1.54 trillion, and is now in ninth place.

What does SpaceX do?

SpaceX offers rocket launch and satellite internet services.

Starlink is the satellite internet business. It uses thousands of satellites in low-Earth orbit to deliver broadband internet services via subscription.

SpaceX also offers launch services with its Falcon 9 and Falcon Heavy rockets to satellite companies, governments, and space agencies.

The longer-term ambition is to develop Starship, a next-generation rocket and spacecraft system capable of carrying large cargo into space and supporting missions to the Moon and Mars.

The company also owns xAI and is investing in artificial intelligence (AI) infrastructure.

What do the experts think of SpaceX shares?

The first lot of ratings and 12-month share price targets from brokers reveals differing views.

Global brokerage and investment bank Oppenheimer initiated coverage on SpaceX shares with a buy rating.

In an article, analyst Timothy Horan said:

We believe SpaceX represents an opportunity to own a leading AI and connectivity giant, while also capturing the optionality of space economies.

We see its ownership of critical/unique data, LLM capabilities, and control over scarce computer chips and infrastructure as giving it a major cost and service advantage that should enable it to raise the capital required for the build.

We believe the company is the only one with the required capital access, people, manufacturing, data and technology to be a disruptive entrant in connectivity, AI, and space, and to ultimately be a leader in these industries.

In just two days of trading, SpaceX shares have already gone beyond Oppenheimer’s initial 12-month price target of $190.

Independent sell-side research firm, Wolfe Research, also has a buy rating on SpaceX shares. Its 12-month target is $175.

Global independent investment research house, CFRA, reckons retail investors should take their already massive profits and run.

CFRA has a sell rating on SpaceX shares with a $115 target. This implies a potential 40% downside from here.

CFRA refers to “extraordinary risks” in a detailed report by senior analyst, Keith Snyder.

The company said: “SpaceX isn’t just a rocket company – it’s a space industrial, a global telco, and a frontier AI lab all rolled into one.”

The post SpaceX shares rocket 40% in 2 days. How do the experts rate this stock? 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 Tesla. 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.