Category: Stock Market

Many of Australia’s top brokers have been busy adjusting their financial models and recommendations again. This has led to the release of a number of broker notes this week.

Three ASX shares that brokers have named as buys this week are listed below. Here’s why their analysts are feeling bullish on them right now:

CAR Group Limited (ASX: CAR)

According to a note out of Bell Potter, its analysts have retained their buy rating and $42.20 price target on this auto listings company’s shares. It notes that the CAR Group share price has been caught up in tech sector volatility recently, dragging it down to an attractive level. Bell Potter highlights that its shares trade at a significant discount to fellow ASX-listed classifieds platforms. Outside this, it likes the carsales.com.au owner due to its ability to generate cash flows that support growth investments and shareholder returns simultaneously. The CAR Group share price is trading at $31.89 on Wednesday afternoon.

Coles Group Ltd (ASX: COL)

A note out of Macquarie reveals that its analysts have retained their outperform rating and $26.10 price target on this supermarket giant’s shares. The broker has been out visiting Coles’ food manufacturing facilities. It notes that the company has the capacity to manufacture 970 tonnes of cooked products and 1.5 million meals a week. Coles has called out ready-made meals as a key growth area in the future. Speaking of growth, Macquarie believes that its supply chain investment, operational execution, and market share gains will help support an earnings per share compound annual growth rate of 10% over the next three years. The Coles share price is fetching $21.76 at the time of writing.

Megaport Ltd (ASX: MP1)

Another note out of Macquarie reveals that its analysts have retained their outperform rating on this network solutions company’s shares with an improved price target of $21.70. Macquarie notes that the recent acquisition of Latitude expands the immediate addressable share of customer wallet. It points out that customers already consume compute products, but Megaport has not historically sold compute. Latitude’s product offering is highly complementary to the existing product set and offers a direct position in a large and fast-growing end market. Stripe, Mercado Livre, and Grok are new customer wins. It estimates that Bare Metal as a Service (BMaaS) is a large, end market currently worth US$15 billion, but growing rapidly. Combined with the stabilisation of core revenue, Macquarie believes Megaport is well-placed for long term growth. The Megaport share price is trading at $13.62 today.

The post Top brokers name 3 ASX shares to buy today appeared first on The Motley Fool Australia.

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

Megaport Ltd (ASX: MP1) shares are 1.58% higher in lunchtime trade on Wednesday. At the time of writing, the shares are changing hands for $13.50 a piece. 

The software-defined network (SDN) service provider’s shares are 23.8% lower than their 3.5-year peak early last month. But they’re still up an impressive 81.4% for the year to date.

Megaport completed an institutional placement in mid-November, just a day after it revealed that it was raising $220 million to fund the acquisition of Latitude.sh for US$150 million in cash and scrip. 

The company has suffered amid the tech-sector-wide investor sell-off, but analysts are still bullish on the outlook for the stock over the next 12 months.

In a new note to investors, analysts at Macquarie Group Ltd (ASX: MQG) have revealed their latest expectations for the shares.

Huge upside ahead for Megaport shares

In its note, the broker has confirmed its outperform rating on Megaport shares. Its analysts have also hiked its 12-month target price up to $21.70, up from $18.50 previously.

At the time of writing, this implies a huge potential 60.7% upside for investors over the next 12 months.

Last month, Megaport said it had acquired Latitude.sh, a global Compute as a Service platform. 

Macquarie said it has revised its EPS earnings and EBITDA number to incorporate Latitude numbers. The broker said its increased target price reflects these EPS earnings changes.

“We revise FY26/27/28/29E EPS by n.m/n.m/+212%/+163%. The law of small numbers is at play, with EBITDA changes more meaningful at +9%/+101%/+106%/+108%. With the $200m placement now complete, our earnings changes reflect the incorporation of Latitude numbers. We assume the initial A$132m capex is spread over FY26 & FY27, with further growth reinvestment presenting downside to these numbers,” the broker said in its note.

“Top line is stabilised, Latitude adds a new growth driver in a fast-growing end market. Reinvestment in growth will drive further top-line acceleration out of FY26. Product roadmap suggests MP1 will move more into software with edge compute, driving higher long-term margins. Retain Outperform,” the broker added.

What else did the broker have to say?

While customers already consume compute products, Megaport has not historically offered compute solutions. This means Latitude’s product is highly complementary to Megaport’s existing offerings and provides a direct entry into a large, fast-growing end market. Early traction is evident with new customer wins, including Stripe, Mercado Livre, and Grok. Latitude also strengthens exposure to blockchain applications.

Macquarie also commented that Latitude CPU (central processing units) are strong. All Latitude SKUs are expected to achieve positive internal rates of return within the first one to two years, even after factoring in a 3–6 month ramp period.

“Industry conversations confirm CPU useful lives are 6-7 years, with examples of operation beyond this time. We understand Latitude currently assumes an accounting useful life of 5 years, slightly longer than a tax useful life of 4 years. This leads to a minor tax shield on CPU capex,” the broker said.

The post Megaport shares tipped to jump another 60%: Here’s why appeared first on The Motley Fool Australia.

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• Here are the top 10 ASX 200 shares today
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• ASX 200 tech shares fight back after 10 weeks of decline

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 Macquarie Group and Megaport. The Motley Fool Australia has positions in and 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.

Bapcor Ltd (ASX: BAP) shares have hit a 12-month low following a trading update this week which said the company’s performance had been “below expectations”.

But Macquarie analysts believe there is still money to be made buying Bapcor shares at these levels, with their 12-month price target on the stock indicating a total return of almost 15%.

Tough start to the year

Bapcor said on Tuesday that its trading performance in October and November was “below expectation mainly in the trade segment”.

The company went on to say:

Revenue declined in tools and equipment versus the prior corresponding periods though parts revenue has grown modestly. Trade is also investing in pricing across specific parts categories to regain market share. The price reductions have adversely impacted margins in the short term but are expected to drive volume growth in the future.

Bapcor updated its guidance for the first half to be a loss in the range of $5 million to $8 million, including about $13 million in non-recurring items.

The company also updated its full-year guidance, saying net profit was expected to be in the range of $31 million to $36 million, and excluding the non-recurring ietms from the first half, would be in the range of $44 million to $49 million.

Bapcor delivered a full-year net profit of $28.1 million for FY25, which was up 117% on the previous year due to lower significant items.

Working on a turnaround

The company’s Chief Executive Angus McKay said on Tuesday the weaker operational result for October and November was disappointing.

Although the turnaround of the business is more challenging and taking longer than expected we are committed to doing the difficult work that will result in a stronger, more sustainable company. I am excited by the appointment of Craig Magill and Dean Austin to Key EGM roles in the trade and retail segments respectively. Craig has significant Bapcor and automotive experience and Dean brings extensive retailing and merchandising experience.

Shares still good value

Macquarie said in a research note sent to clients this week that the downgrade was a 17% reduction from previous expectations, and it has a neutral rating on Bapcor shares.

That said, Macquarie still has a 12-month price target of $2.05 on the shares, and once dividends are factored in, was forecasting a total shareholder return of 14.7% for Bapcor shares.

The updated price target was a steep 29% discount to Macquarie’s previous price target on the shares however.

The research note also said:

Delivering revised FY26 guidance is critical to provide confidence in the underlying earnings base and alleviate any balance sheet concerns, stabilisation of revenue, earnings and market share in the trade segment.

Bapcor shares hit a 12-month low of $1.80 on Wednesday before recovering slightly to be 1.2% lower at $1.82.

Bacpor was valued at $627.9 million at the close of trade on Tuesday.

The post Trading near 12-month lows, are Bapcor shares worth a look? 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 positions in and 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.

S&P/ASX 200 Index (ASX: XJO) dividend stock Dalrymple Bay Infrastructure Ltd (ASX: DBI) is charging higher today.

Shares in the infrastructure company – which owns the Dalrymple Bay Coal Terminal (DBCT) in Queensland – closed yesterday trading for $4.54. In early afternoon trade on Wednesday, shares are changing hands for $4.77 apiece, up 5.1%.

For some context, the ASX 200 is down 0.2% at this same time.

Today’s outperformance is nothing new for the ASX 200 dividend stock, with the Dalrymple Bay share price now up 40.3% since this time last year.

Atop this benchmark smashing share price gain, Dalrymple Bay shares trade on a partly franked 4.9% trailing dividend yield. And the stock has added appeal for many passive income investors as it makes quarterly dividend payouts.

And looking ahead, analysts at Macquarie Group Ltd (ASX: MQG) expect Dalrymple’s dividend yield to increase to 5.5% in 2026 and then to 6.1% in 2027. And that’s atop of further forecast share price gains.

Here’s why.

ASX 200 dividend stock tipped to keep on giving

Dalrymple Bay shares closed up 1.6% yesterday after the company announced that it had successfully secured $1.07 billion of new loan facilities.

With the new facilities reducing the company’s exposure to previously existing more expensive and less flexible debt, the ASX 200 dividend stock expects to save around $75 million in interest costs through to 2030.

“This refinance is strongly cashflow accretive to DBI and reaching financial close on these new facilities was a key part of our capital allocation review process,” Dalrymple Bay CEO Michael Riches said.

“DBI maintains substantial debt capacity to fund its committed NECAP [Non-Expansionary Capital Expenditure] projects, now at a significantly lower cost and this refinance creates greater flexibility and options,” he added.

Commenting on the benefits of the new funding arrangement, Macquarie said:

Upside from the transaction is: No longer is debt risk margins +350bps for additional borrowing. The risk premium has dropped to 150-200bps. Whilst the current debt has locked much of this, all future NECAP financing cost is materially cheaper, lifting the long-term value of DBI.

Macquarie reiterated its outperform rating on the ASX 200 dividend stock. According to the broker:

We think DBI is a unique investment with dividend growth of 5% and a valuation EV/EBITDA multiple of 13x, which is below comparable port multiples. Main upside event is 8X development, and medium-term repricing to capture more of the difference between NQXT [North Queensland Export Terminal] and DBCT [Dalrymple Bay Coal Terminal].

Macquarie increased its price target for Dalrymple Bay shares to $5.33 (up from the prior $4.91), which it said reflects lower funding costs.

That represents a potential upside of 11.7% from current levels. And it doesn’t include those upcoming dividends.

The post Up 40% in a year, why Macquarie expects this ASX 200 dividend stock to keep outperforming in 2026 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 positions in and has recommended Macquarie Group. The Motley Fool Australia has positions in and 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 Coles Group Ltd (ASX: COL) share price is down 0.41% to $21.70 at the time of writing on Wednesday morning. Today’s drop means the supermarket giant’s shares have fallen 10% from their all-time peak in early-September. For the year-to-date the shares are still 15% higher.

The Coles share price spiked in late-August and early-September on the back of a robust FY25 result. It also posted a strong quarterly update in late October, where it reported a 3.9% increase in group sales and quarterly results generally in line with analyst expectations. 

Now, in a new note to investors, analysts at Macquarie Group Ltd (ASX: MQG) said toured Coles food manufacturing facilities and discussed read-made meal strategy plans with management. Following the tour, here’s the broker’s latest outlook for the stock.

Robust upside ahead for Coles shares

In the investor note, Macquarie confirmed its outperform rating and $26.10 target price on Coles shares. At the time of writing this implies a potential 20.3% upside for investors over the next 12 months.

“We remain attracted to ongoing execution, benefits from supply chain investment and strong earnings growth outlook, with ~10% EPS CAGR over the next three years driving returns,” the broker said in its note.

What did Macquarie think of the Coles food manufacturing facilities tour?

The broker said the tour of Coles’ facilities in NSW showcased the supermarket giant’s vertically integrated fresh food production sites. 

The sites are indicative of a focus on vertical integration, supply chain efficiency and private label, Macquarie explained. It added that benefits include customer satisfaction and cost efficiency.

The broker also noted that there were key takeaways for key assets Retail Ready Operations Australia (meat), Fresh Milk Co (Milk), and Chef Fresh (Convenience Meals).

“The facility processes both red and white meat, partnering exclusively with trusted livestock producers. Further, it operates 24/7 processing 5,500 tonnes of product per month, covering >80 SKUs. The facility supplies >600 stores, giving supply surety and improving shelf life of retail ready meat products,” the broker said of Coles’ Retail Ready Operations.

When discussing the Coles Fresh Milk Co, Macquarie said:

The NSW site was acquired in 2024 from Saputo, operating five days per week for 16 hours per day. ~200m litres of milk are processed every year from two facilities, including a second in VIC, with capacity to process up to ~450m litres. The level of automation was a standout in the facility, with almost zero manual handling of milk between supplier delivery and distribution.

Meanwhile, regarding Chef Fresh, the broker said:

The site has the capacity to manufacture 970 tonnes of cooked products and 1.5m meals a week. It produces >100 SKUs across Coles Finest, PerFORM, Coles Kitchen and Nature’s Kitchen. Chef Fresh supplies ~90% of private label convenience meals. Further, COL called out ready-made meals as a key growth area.

The post How much upside does Macquarie predict for Coles shares? 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 Macquarie Group. The Motley Fool Australia has positions in and 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.

ASX All Ords stock Dateline Resources Ltd (ASX: DTR) came under pressure yesterday after the company moved to address media speculation surrounding potential Rare Earth Elements (REE) tenements in the United States.

The Dateline share price closed down a sizeable 12.24% to 21.5 cents.

What sparked all this?

The situation began after an announcement from US1 Critical Minerals (ASX: USC), formerly Gladiator Resources, which stated that legal proceedings had been launched against Dateline’s CEO, Stephen Baghdadi.

The implication was that USC was trying to gain control of certain promising REE tenements in the United States and that Stephen Baghdadi or the ASX All Ords stock may have been involved in some way.

Without doubt, the news created some investors to worry with the Dateline share price plummeting on the news. Dateline has now stepped in with this announcement to set the record straight.

Dateline pushes back on the claims

According to the release, Dateline said that while Stephen Baghdadi has indeed been pursuing additional REE opportunities following the Colosseum Gold–REE project, there are no arrangements of any kind between its CEO, or related entities and USC/Gladiator.

Dateline also made it clear that if it does secure more prospective REE tenements, those assets will be developed for the benefit of Dateline shareholders only.

The company firmly rejected any suggestion that the tenements would be transferred to another party, and said any legal claims against the company or its CEO will be vigorously defended.

Chairman backs the CEO

Chairman Mark Johnson also came out swinging, crediting Stephen Baghdadi and his team for an exceptional year. He said:

Dateline’s exceptional year is owed to the outstanding efforts of our Managing Director, Mr Stephen Baghdadi and the team that he has assembled. Mr Baghdadi identified and negotiated the Colosseum opportunity and managed government and regulatory engagements in the highest levels of the Federal Government through to state, county and local authorities. His efforts have yielded significant value to Dateline.

Foolish takeaway

These kinds of disputes aren’t unusual when companies are operating in competitive spaces like Rare Earths, especially where new discoveries can quickly attract attention.

Today’s sell-off shows the market reacting to uncertainty, but Dateline’s response aims to settle the speculation and reassure shareholders that the company remains focused on developing its REE opportunities.

The post Why this ASX All Ords stock came under pressure yesterday after addressing media speculation 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 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 price of silver has broken the US$60 per ounce mark for the first time, sending the share price of Australian silver companies soaring.

The Australian was reporting on Wednesday morning that the price of silver futures closed up 4.1% in overnight trading to US$60.17, with the price more than doubling over the past year.

Among Australian shares, Andean Silver Ltd (ASX: ASL) was 14.9% higher at $2.15, Silver Mines Ltd (ASX: SVL) was 5.3% higher at 20 cents, and Mithril Silver and Gold Ltd (ASX: MTH) was 5.2% higher at 51 cents.

Shares in Unico Silver Ltd (ASX: USL) were also sharply higher at 67.5 cents, up 10.7%.

Support looking strong

Minelife analyst Gavin Wendt said in a note to clients in recent days that silver has had a strong couple of weeks, with strong inflows into exchange-traded funds adding more impetus to the price rally.

As he said:

Total additions to silver-backed exchange-traded funds (ETFs) in the four days through Thursday were already the highest for any full week since July, a strong indicator of investor appetite despite signals silver’s gains may be overdone.

Mr Wendt said on a fundamental basis, the support for silver would remain strong.

Silver prices have roughly doubled this year, outpacing a 60% rise in gold. The rally has accelerated in the last two months, in part thanks to a historic squeeze in London. While that crunch has eased in recent weeks as more metal was shipped to the world’s biggest silver trading hub, other markets are now seeing supply constraints. Chinese inventories are near their lowest in a decade.

Rates move a positive

Mr Wendt said speculation that US interest rates would be heading lower was also a positive for silver, as a lower interest rate environment tended to support the prices of precious metals.

He also said Citigroup analysts were predicting possible further gains.

Silver could rise to US$62 an ounce in the coming three months ‘on the back of Fed cuts, robust investment demand, and physical deficit,’ Citigroup Inc. analysts including Max Layton wrote in a note.

Mr Wendt said global demand for silver, which was used in a wide variety of industrial processes, had outstripped output from mines for the past five years.

Not just valued as an investment asset, silver also has many useful real-world properties that make it a component in a range of products, such as circuit boards, solar panels and coatings for medical devices.

The post Silver price hits new record, firing up Aussie shares 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.

The Abacus Storage King (ASX: ASK) share price is in focus today after the company announced a fully paid interim distribution of 3.1 cents per security, with 25% of the payment franked.

What did Abacus Storage King report?

• Declared a fully paid interim distribution of 3.1 cents per security for the half-year to 31 December 2025
• Payment will be partially franked, with 25% franked and 75% unfranked
• Key dates: ex‑date on 30 December 2025, record date on 31 December 2025
• Payment scheduled for 27 February 2026
• Applies to holders of fully paid ordinary/stapled securities (ASX:ASK)

What else do investors need to know?

Abacus Storage King’s latest distribution covers the second half of 2025, maintaining its commitment to regular income returns for securityholders. With 25% of the payout franked at a 30% corporate tax rate, investors seeking tax-effective income may find this distribution appealing.

There is no dividend reinvestment plan (DRP) offered for this distribution. The company has not announced any changes to its tax component details, and there is no conduit foreign income attached to this payment.

What’s next for Abacus Storage King?

Investors can expect payment of the 3.1 cent interim distribution on 27 February 2026, while the record date is set for the end of December. Looking ahead, Abacus Storage King continues to focus on delivering consistent distributions, reflecting its income-oriented investment strategy.

Future updates, including further results or guidance, may provide more insight on the group’s earnings profile and payout outlook for the upcoming periods.

Abacus Storage King share price snapshot

Over the past 12 months, Abacus Storage King shares have risen 29%, outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 2% over the same period.

View Original Announcement

The post Abacus Storage King declares partially franked December 2025 dividend appeared first on The Motley Fool Australia.

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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 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. 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 300 Index (ASX: XKO) tech share Tyro Payments Ltd (ASX: TYR) is marching higher today.

Shares in the payments company closed yesterday trading for $1.005. In late morning trade on Wednesday, shares are changing hands for 1.012 apiece, up 0.7%.

For some context, the ASX 300 is just about flat at this same time.

Today’s outperformance is par for the course this year, with the Tyro share price up 21.2% in 2025, racing ahead of the 4.9% year-to-date gains posted by the benchmark index.

And looking ahead, Family Financial Solutions’ Jabin Hallihan expects more outperformance from the ASX 300 tech share (courtesy of The Bull).

Here’s why.

Should you buy Tyro Payments shares today?

“Tyro provides electronic payment solutions and banking services to Australian businesses,” Hallihan said.

Citing the first reason he has a buy recommendation on the ASX 300 tech share, he said, “The company reaffirmed fiscal 2026 guidance for normalised gross profit of between $230 million and $240 million and an EBITDA margin of between 28.5% and 30%.”

As for the second reason, Hallihan noted, “Tyro is launching a new banking platform to boost merchant adoption.”

And the company has strong growth potential.

“Tyro’s modern technology and strong performance support growth,” Hallihan said.

And the fourth reason is that Tyro shares are trading more than 28% below Family Financial’s fair value estimate.

“Shares remain below our fair value estimate of $1.30, so we recommend accumulating the stock. The shares were trading at $1.037 on December 4,” Hallihan concluded.

What’s the latest from the ASX 300 tech share?

Tyro Payments shares closed up 2% on 26 November, the day the company held its annual general meeting (AGM).

“We have made good progress against our strategic initiatives and in making Tyro a more profitable business,” Tyro CEO Jon Davey said on the day.

Davey added:

In FY25, we increased our gross profit to $220.1 million, representing growth of 4.4% and we improved our EBITDA margin to 28.0%.

Today we are reaffirming our FY26 guidance, which is to generate between $230 million and $240 million of gross profit and an EBITDA margin of between 28.5% and 30%.

Looking to the growth opportunities for the ASX 300 tech share, Tyro chair Fiona Pak-Poy said, “We are exploring opportunities across three categories.”

She continued:

The first is building greater payments scale, as the transaction with SmartPay offered.

The second is acquiring payments capabilities or software in support of our omnichannel offering, much like Medipass has done for Tyro Health.

The third category is banking, and we will explore opportunities to grow our banking book where there is strong payments overlap.

The post 4 reasons to buy this ASX 300 tech share today 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 recommended Tyro Payments. 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 S&P/ASX 200 Index (ASX: XJO) is on course to record another small decline. In afternoon trade, the benchmark index is down 0.1% to 8,575.2 points.

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

4DMedical Ltd (ASX: 4DX)

The 4DMedical share price is up 4.5% to $2.15. Investors have been buying the respiratory imaging technology company’s shares after it entered into a commercial agreement with the University of Miami. This has seen the leading academic medical centre commence clinical use of 4DMedical’s CT:VQ product under a structured launch framework. The CT:VQ solution is designed to set new benchmarks in cardiothoracic imaging by combining ventilation and perfusion analysis. 4DMedical’s CEO and founder, Andreas Fouras, said: “I am very pleased to see CT:VQ deployed at the University of Miami. The immediate transition from strong RSNA engagement to commercial operations demonstrates the significant momentum we are seeing from clinicians seeking a contrast-free, high-resolution alternative to nuclear medicine VQ scans.”

Megaport Ltd (ASX: MP1)

The Megaport share price is up 1.5% to $13.50. This may have been driven by a broker note out of Macquarie Group Ltd (ASX: MQG). This morning, the broker retained its outperform rating with an improved price target of $21.70. It said: “Top line is stabilised, Latitude adds a new growth driver in a fast-growing end market. Reinvestment in growth will drive further top-line acceleration out of FY26. Product roadmap suggests MP1 will move more into software with edge compute, driving higher long-term margins. Retain Outperform.”

Meteoric Resources NL (ASX: MEI)

The Meteoric Resources share price is up 4.5% to 15.7 cents. This follows news that the rare earths developer has produced its first batch of mixed rare earth carbonate (MREC) from its recently constructed pilot plant for the Caldeira Rare Earth Project in Brazil. Meteoric Resources’ managing director, Stuart Gale, said: “It’s great to deliver our first batch of MREC from the Caldeira Project. The team have done an excellent job in the development of the Pilot Plant – from acquisition of key equipment, recruitment of operators, construction and commissioning. This now places Meteoric in a small group of global companies with the ability to independently and consistently produce MREC product.”

Ramelius Resources Ltd (ASX: RMS)

The Ramelius Resources share price is up 6% to $3.59. This morning, this gold miner revealed that it plans to undertake a $250 million share buyback. Ramelius’ managing director, Mark Zeptner, said: “At the time of the release of our 5-Year Growth Pathway to 500koz, the Ramelius Board gave clear direction to management that we need to “maintain and grow” shareholder returns. We are demonstrating this today in the form of a A$250 million share buyback program and an increase in the minimum dividend payable.”

The post Why 4DMedical, Megaport, Meteoric Resources, and Ramelius shares are racing higher today appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has positions in Megaport. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Macquarie Group and Megaport. The Motley Fool Australia has positions in and 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.