The Northern Star Resources Ltd (ASX: NST) share price had a difficult time towards the end of FY22.

The gold miner finished the year down 32% last financial year and the trend has continued into FY23.

At the time of writing, Northern Star shares are up 1.62% on the day at $6.91 apiece.

What’s in store for Northern Star in FY23?

The price of gold continues to be a talking point for miners such as Northern Star. The yellow metal is now down more than 4% for the month and 6% over the last 12 months.

Its outlook looks choppy too, according to SPI Asset Management’s Stephen Innes. Speaking to Reuters, he said investors are “teetering on the edge of their seats ahead of US CPI”.

With the market convinced of another interest rate hike at the US Federal Reserve’s July meeting, “it feels like long positions in gold are still swimming upstream,” he added.

Meanwhile, 15 analysts covering Northern Star Resources have it rated as a buy right now, according to Refinitiv Eikon data.

In fact, there are no sell ratings for the company on the list.

The consensus price target is $12.25 per share, implying a return potential of 77% at the time of writing.

Certainly, analysts are bullish on the share and are expecting big things from it in FY23. As for the market, it continues to punish Northern Star with the stock trading near its 52-week lows during Wednesday’s session.

The company’s share price trajectory over the past year is illustrated below.

The post What’s the outlook for Northern Star share price in FY23? appeared first on The Motley Fool Australia.

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More reading

• 5 things to watch on the ASX 200 on Wednesday
• Down 23% in June, can the Northern Star Resource share price go up in July?
• Is this a good time to go digging for ASX 200 mining shares for FY23?
• 5 things to watch on the ASX 200 on Monday
• Why did the Northern Star share price lose its shine in FY22?

Motley Fool contributor Zach Bristow 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.

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In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record a small gain. At the time of writing, the benchmark index is up slightly to 6,612 points.

Four ASX shares that have failed to follow the market higher today are listed below. Here’s why they are dropping:

Galileo Mining Ltd (ASX: GAL)

The Galileo Mining share price is down 4.5% to $1.17. This is despite the mineral exploration company releasing positive drilling results from the Callisto discovery. However, it is worth noting that this morning the company issued 17 million shares to institutional and sophisticated investors following its recent $20.4 million capital raising. Some of these could have been sold today.

Platinum Asset Management Ltd (ASX: PTM)

The Platinum share price is down over 2% to $1.71. Investors have been selling this fund manager’s shares following the release of its latest funds under management update. That update revealed that its funds under management dropped to $18.2 billion at the end of June.

Sezzle Inc (ASX: SZL)

The Sezzle share price has fallen a further 16% to 21.5 cents. Investors have been selling this buy now pay later (BNPL) provider’s shares this week after its merger with Zip Co Ltd (ASX: ZIP) was terminated. This latest decline means that Sezzle’s market capitalisation has now dropped to almost $40 million. A far cry from its ~$2 billion peak.

Woodside Energy Group Ltd (ASX: WDS)

The Woodside share price is down 2.5% to $30.20. Investors have been selling Woodside and other energy shares on Wednesday after oil prices tumbled overnight. Traders were selling down oil prices amid concerns over demand. The S&P/ASX 200 Energy index is down 1.6% in afternoon trade.

The post Why Galileo Mining, Platinum, Sezzle, and Woodside shares are dropping appeared first on The Motley Fool Australia.

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• Sezzle shares plunge another 16%, now down 60% in a week
• These were the 5 top performing ASX energy shares of FY22
• Why are Beach, Santos and Woodside share prices tumbling today?
• ASX 200 midday update: ANZ confirms MYOB talks, energy shares fall
• Why are ASX 200 energy shares underperforming today?

Motley Fool contributor James Mickleboro 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.

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Financial year 2022 (FY22) was a rough one for ASX financial technology (better known as fintech) shares. Many of the market’s favourites recorded notable tumbles last financial year.

Here’s how some of the most renowned ASX fintech shares performed in FY22:

• Block Inc (ASX: SQ2) fell 49%
• EML Payments Ltd (ASX: EML) fell 64%
• Hub24 Ltd (ASX: HUB) fell 25%
• Netwealth Group Ltd (ASX: NWL) fell 27%
• Tyro Payments Ltd (ASX: TYR) fell 84%

Meanwhile, some ASX buy now, pay later (BNPL) shares, which arguably fall into the category, tumbled more than 90% in FY22.

So, what weighed on ASX fintech shares in FY22? Let’s take a look.

What dragged on ASX fintech shares in FY22?

ASX fintech shares had a rough ride in FY22 as inflation rose and interest rates were hiked.

Those macroeconomic movements can have multiple effects on fintech companies.

Firstly, they increase both their costs of doing business and the cost of debts. Higher inflation and rates also put pressure on consumers, who in turn often reduce spending.

On top of that, rising inflation commonly impacts the valuation of fintechs – and tech stocks in general.

Many tech stocks’ valuations are based on assumed future cash flows. Therefore, inflation and interest rate hikes can pose greater risks to tech stocks.

And of course, some of these tech names pushed through a number of shakeups in FY22.

Most notably was Afterpay’s delisting and Block’s entrance to the ASX. The latter snapped up the former market darling in an all-scrip deal, finalised in early February.

In addition, Hub24 acquired formerly ASX-listed Class. Meantime, the Tyro share price tumbled when its CEO jumped ship in FY22.

The post FY22 was a lousy period for ASX fintech shares. Here’s why appeared first on The Motley Fool Australia.

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• Is FY23 going to be a winning year for ASX fintech shares?
• $264 million! The 10 highest-paid CEOs on the ASX
• These were the best (and worst) performing ASX 200 sectors of FY22
• Why Costa, Domino’s, EML, and Novonix shares are dropping
• Here are the 3 most heavily traded ASX 200 shares on Monday

Motley Fool contributor Brooke Cooper 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 Block, Inc., EML Payments, Hub24 Ltd, Netwealth, and Tyro Payments. The Motley Fool Australia has positions in and has recommended Block, Inc., EML Payments, Hub24 Ltd, and Netwealth. The Motley Fool Australia has recommended Tyro Payments. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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It’s been another incredibly bumpy ride for the S&P/ASX 200 Index (ASX: XJO) so far this Wednesday. At the time of writing, the ASX 200 index is up by just 0.01% at slightly over 6,600 points. 

But rather than trying to figure all of that out, let’s instead check out the shares that are currently topping the ASX 200’s share trading volume charts, according to investing.com.

The 3 most traded ASX 200 shares by volume this Wednesday

Tabcorp Holdings Limited (ASX: TAH)

Our first share to take a glance at today is ASX 200 gaming company Tabcorp. So far this Wednesday, a hefty 14.57 million Tabcorp shares have changed owners. This one is rather hard to explain. There hasn’t been any fresh news out from the company itself.

So we can probably pin this elevated trading volume on the gyrations of the Tabcorp share price itself. So far today, Tabcorp shares have swung from losses to gains and back to losses again, alongside the broader market. As it currently stands, the gaming company is down by 0.5% at $1 a share.

South32 Ltd (ASX: S32)

Next up we have none other than diversified ASX 200 mining company South32. South32 has seen a notable 16.1 million shares bought and sold on the markets today.

This appears to be the result of the company’s substantial backwards step we are witnessing. South32 has lost 1.7% of its value today and is back down to $3.49 a share. It’s probably this noticeable drop that has elicited so many shares to bounce around the ASX this Wednesday.

Pilbara Minerals Ltd (ASX: PLS)

Our third, final and most traded is ASX 200 lithium stock Pilbara Minerals. In PIlbara’s case, we have a sizeable 16.71 million shares that have changed hands as it currently stands. We haven’t had any news out of Pilbara either.

However, this company has had a shot in the arm when it comes to its share price, which is the likely cause of this volume. Pilbara shares have rocketed a pleasing 4.91% so far this Wednesday to $2.35.

The post Here are the 3 most heavily traded ASX 200 shares on Wednesday appeared first on The Motley Fool Australia.

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More reading

• Why has the Aristocrat share price increased 17% in two months?
• ASX 200 midday update: ANZ confirms MYOB talks, energy shares fall
• South32 share price backtracks amid sale of royalties
• 5 things to watch on the ASX 200 on Wednesday
• What are experts predicting will be the best-performing ASX sectors in FY23?

Motley Fool contributor Sebastian Bowen 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.

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The Althea Group Holdings Ltd (ASX: AGH) share price is up 5.25% today and up 21.25% over the past four days, as the nano-cap grabs the attention of ASX investors again.

Althea is an ASX cannabis share. The company is focused on the manufacturing, sales, and distribution of cannabis-based medicines and recreational products around the world.

The share price jump follows Althea announcing a record result in its quarterly activities and cash flow report.

Althea share price rockets on record sales result

The company reported the following results for the three months to 30 June:

• Record quarter with $6.5 million in receipts, up 130% on the previous corresponding period (pcp)
• Net cash used for operating activities decreased by 50% during the quarter
• $22 million in receipts for FY22, up 113% on FY21
• $6.6 million cash on hand and no debt

In its statement, Althea said the FY22 result was achieved despite “serious macro headwinds throughout the year”. This included prolonged COVID-19 restrictions — which prevented the sales team from calling on doctors — related staff impacts, and the floods in Queensland and northern NSW.

What happened in the June quarter?

Althea has two business divisions — recreational cannabis (through the wholly-owned subsidiary company Peak Processing Solutions) and pharmaceutical cannabis (Althea).

In June, the recreational division achieved a record $3.6 million in receipts. The global medicines-based pharma business bought in $2.9 million.

Althea said increased sales and strict cost controls led to a 50% reduction in the net cash used for operating activities during the quarter. Costs went down to an all-time low of $1.1 million.

What did management say?

Althea CEO Joshua Fegan said:

Both the quarterly and FY2022 results were the best yet for AGH. [..]. we are very pleased to now be approaching a cash flow positive position.

Peak is proving to be one of the most promising recreational cannabis businesses in North America, quickly establishing itself as the leading supplier of cannabis beverages in Canada within a year of commencing operations.

Althea managed to grow in all territories despite sub-optimal trading conditions over the last 12 months, with our sales team’s access to doctors limited due to COVID-19 restrictions, impacting sales.

Althea continues to see very strong underlying demand for its cannabis-based medicines and aims this financial year to return to pre COVID-19 growth rates.

What’s next for Althea?

Althea has a range of new products set for launch during the first quarter of FY23.

The company anticipates a “significantly higher level of sales activity across all territories in FY2023
as market access returns to pre-COVID-19 levels”.

Althea has been investing in purchasing stock to ensure it can supply any increase in sales orders.

Althea is scaling its operations in the United Kingdom and Germany. It received product approval in Ireland in May.

The company is also cutting costs. It is currently finalising its annual review of operating expenditure and has identified approximately $1 million in annualised savings, mainly from corporate overheads.

Althea said these cost savings would be implemented in the current quarter.

The Althea share price has fallen 71% over the past 12 months. This compares with an 11% fall in the S&P/ASX All Ordinaries Index (ASX: XAO).

The post Why is the Althea share price up 20% in 4 days? appeared first on The Motley Fool Australia.

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More reading

• Why Althea, AnteoTech, New Hope, and Omni Bridgeway shares are pushing higher

Motley Fool contributor Bronwyn Allen has positions in Althea Group Holdings 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 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.

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It’s going from bad to worse for the Sezzle Inc (ASX: SZL) share price this Wednesday. Sezzle shares have collapsed by another 15.7% so far this Wednesday and are now trading at 22 cents a share. That’s despite the All Ordinaries Index (ASX: XAO) having a day of mild gains so far today.

This latest plunge now puts the Sezzle share price down a painful 59.8% over the past five trading days alone. Yet, a week ago, Sezzle shares were over 50 cents each, a far cry from the 22 cents we see today (a new all-time low). Sezzle is now down a devastating 92.95% in 2022 thus far and more than 98% down from the all-time high of over $11 a share that we saw back in 2020.

So what on earth is going on with the Sezzle share price to elicit such a savage selloff from the market?

Why have Sezzle shares fallen another 16% today?

Well, it appears that it was the news we heard yesterday that is continuing to punish the Sezzle share price today. Yesterday, we learned that the deal between Sezzle and its fellow buy now, pay later (BNPL) share Zip Co Ltd (ASX: ZIP) has collapsed.

This deal, first gazetted back in February, would have seen Zip acquire Sezzle in full. It was to be an all-scrip deal worth almost $500 million at the time. This would have seen Sezzle shareholders receive 0.98 Zip shares for every Sezzle share owned.

However, both the Sezzle and Zip share prices have been in freefall ever since the deal was announced. As such, it had become increasingly clear that it would be difficult to implement on its original terms.

This all came to a head yesterday when both companies announced that the deal was off. Zip shares have responded very positively, up more than 7% since the deal was announced. But it has been Sezzle that has copped the worst of ASX investors’ disappointment.

So it’s likely that it is the continuing fallout from this merger deal falling through that is behind the savage day Sezzle shares have copped this Wednesday.

At the current Sezzle share price, this ASX BNPL share has a market capitalisation of $45 million.

The post Sezzle shares plunge another 16%, now down 60% in a week appeared first on The Motley Fool Australia.

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More reading

• Here’s a look at the 5 best ASX All Ords tech shares in FY22
• ASX 200 midday update: ANZ confirms MYOB talks, energy shares fall
• Are falling BNPL shares pushing the ASX banks higher today?
• Outlook for Zip share price ‘uncertain’ following scrapped merger: UBS
• Why Allkem, Kogan, Metcash, and Sezzle shares are sinking

Motley Fool contributor Sebastian Bowen 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 ZIPCOLTD FPO. 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.

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Despite rebounding over the past couple of weeks, the Harvey Norman Holdings Limited (ASX: HVN) share price has fallen 20% this year.

This comes despite the company not releasing any announcements to the ASX since half year results in late February.

At the time of writing, the multi-national retailer’s shares are swapping hands for $3.91, up 1.56% for the day.

What’s dragging down Harvey Norman shares?

Investors have sent the Harvey Norman share price into freefall since March amid the gloomy outlook on the global economy.

With inflation levels soaring, this led the Reserve Bank of Australia (RBA) to significant ramp up interest rates.

In the March quarter, inflation rose by 5.1% which was the fastest annual pace over the past two decades.

Evidently, this affects consumer spending habits on discretionary items as the cost of debt gets more expensive.

It’s worth noting that the S&P/ASX 200 Consumer Discretionary (ASX: XDJ) index also backtracked 20% in 2022.

What do the brokers think?

Given that the Harvey Norman share price is trading 10% off its 52-week low of $3.53, is this a bargain?

As reported by ANZ Share Investing, Macquarie cut its outlook to neutral from outperform for the multi-national retailer’s shares.

In addition, the broker slashed its price target by 31% to $4.40 apiece.

This implies an upside of almost 12.5% based on today’s price.

JP Morgan also refreshed its rating on Harvey Norman shares by dropping its 12-month price target by 20% to $4.50.

It appears that despite the price reduction, both brokers believe that the current share price is undervalued.

Harvey Norman share price snapshot

Market volatility on the ASX has led the Harvey Norman share price to sink 26% over the last 12 months. These losses have mostly come from the past three months.

On valuation grounds, Harvey Norman commands a market capitalisation of roughly $4.80 billion.

The post Down 20% in 2022. Is the Harvey Norman share price in bargain territory? appeared first on The Motley Fool Australia.

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• Leading brokers name 3 ASX shares to buy today
• Here are 2 ASX 200 dividend shares analysts rate as buys
• Why are ASX 200 retail shares getting bought up today?
• How did ASX 200 retail shares perform in June?
• Embattled ASX 200 retail shares primed for a comeback: experts

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

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The S&P/ASX 200 Materials Index (ASX: XMJ) is 0.45% in the red today, but this ASX materials share is outperforming the index.

The Revolver Resources Holdings Ltd (ASX: RRR) share price is soaring 18.87% and is trading at 31.5 cents.

Let’s take a look at why this ASX materials share is having a good day?

Why is this ASX materials share going up?

Revolver Resources is exploring and developing copper projects in Queensland, Australia. This includes the Osprey and Dianne projects.

In today’s news, Revolver advised it has discovered a new “exciting” electromagnetic (EM) anomaly. This was found directly under the high grade copper zone at the Dianne project.

The Dianne mine is about 260km from Cairns. Exploration so far has identified high grade copper, along with zinc, silver, gold and cobalt.

Revolver described the new EM anomaly announced today as major and “potentially signicant”.

More specialist geophysics work will take place to help define the depth and type of anomaly. This will help guide further exploration activities.

Commenting on the news, managing director Pat Williams said:

We are building on the geological knowledge obtained from the phase 1 drill program by adding incremental state-of-the-art exploration activities.

Revolver share price snapshot

This ASX materials share has lost nearly 32% year to date, however, it has soared nearly 58% in a year.

For perspective, the ASX materials index has lost nearly 18% in a year and 13% year to date.

Revolver has a market capitalisation of about $26.7 million based on the current share price.

The post Guess which ASX materials share is beating the index to soar 19% today? appeared first on The Motley Fool Australia.

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• Analyst names 3 reasons to be bullish on the BHP share price
• Why has the Aristocrat share price increased 17% in two months?
• Here’s a look at the 5 best ASX All Ords tech shares in FY22
• These were the 5 top performing ASX energy shares of FY22
• 3 ways to handle a bear market like Warren Buffett

Motley Fool contributor Monica O’Shea 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.

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The BHP Group Ltd (ASX: BHP) share price has been having a tough time of late.

Since this time last month, the mining giant’s shares have tumbled 16% to $37.07.

This leaves the BHP share price trading within touching distance of its 52-week low of $35.56.

Broker says BHP share price is great value

One leading broker that is sticking with the company is Goldman Sachs. This morning the broker retained its buy rating with a trimmed price target of $42.90.

Based on the current BHP share price, this implies potential upside of almost 16% for investors over the next 12 months.

Goldman is also forecasting some big dividend yields in the near term, which make the potential return even more attractive. Its analysts expect fully franked yields of approximately 14% and 8% in FY 2022 and FY 2023, respectively.

Three reason to buy

Goldman’s bullish view is predicated on three key reasons. The first is the premium valuation of the BHP share price. The broker believes the Big Australian’s shares deserve to trade at a premium due to its quality. It explained:

Relative valuation: BHP to continue trading at a premium to global mining peers (~0.5x premium to global mining peers over 10-yrs) which we believe can be maintained.

It is also positive due to the company’s positive growth opportunities in copper.

~US$20bn copper pipeline to drive production growth and value: BHP’s major opportunity (and challenge) is offsetting copper reserve depletion and grade decline through investing in copper reserves/resources (largest globally).

Finally, the broker highlights its strong free cash flow as another reason to be positive on BHP. It said:

Attractive FCF and capital returns outlook: BHP is trading on an attractive FCF/DPS yield of c. 9%/8% over the next 12-m. BHP’s minerals capex increasing to US$8-9bn by mid-decade (but below peer RIO at US$9-10bn)

The post Analysts name 3 reasons to be bullish on the BHP share price appeared first on The Motley Fool Australia.

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• $264 million! The 10 highest-paid CEOs on the ASX
• Investors were seeking out ASX shares in June. Here’s why
• Where is the BHP dividend heading through to FY25?
• ASX 200 mining shares glide lower as expert reduces commodity targets
• Here’s a look at what might happen to BHP shares in FY2023

Motley Fool contributor James Mickleboro 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.

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Something is going on with the Aristocrat Leisure Limited (ASX: ALL) share price.

Over the past two months, the S&P/ASX 200 Index (ASX: XJO) has gone down by 4.8%. Yet this ASX 200 constituent — in the perceived risky category of consumer discretionary, no less — has surged 16.7%.

In an environment of growing inflation and interest rates, why is an ASX consumer discretionary share on the rise?

Is value driving the Aristocrat share price?

The first potential driver is simple value. Aristocrat hit a 52-week low of $30.46 on 12 May. That appears to be when investors decided it was in the buy basket.

Aristocrat’s 52-week high is $49.65 (reached in November). So, based on today’s share price of $35.69 at the time of writing, there’s about a 40% potential upside available if Aristocrat should retrace to this high.

A $500 million share buyback program currently underway has also given investors more value.

Buybacks are good for shareholders because they result in future earnings being distributed across a smaller pool of shares. Ta-dah! That’s quick and easy earnings per share (EPS) growth.

And it’s not a one-off either. Aristocrat is adding an on-market buyback program, on an opportunistic basis, to its existing dividend policy.

On the day of the announcement, Aristocrat CEO Trevor Croker said:

Aristocrat’s exceptionally robust balance sheet and consistently strong cash flow generation enables us to reinvest in the business, retain our capacity to pursue acquisitions, and return cash via dividends and share buy-backs. We will continue to actively assess growth opportunities, including strategic acquisitions and investment in organic initiatives.

Are our bad habits supporting the share price?

Here’s the truth of the matter. We mere mortals tend to keep doing certain things no matter what the economy is doing — namely smoking, drinking, and gambling.

International research shows that while we might cut back in some ways, people will consume “affordable indulgences to offset their economic woes”. And gambling is part of that trend, other research shows.

That’s not a recommendation, by the way.

But does this human behaviour also partly explain why the Aristocrat share price is rising?

Perhaps investors feel they can count on Aristocrat’s customers to continue using their products and services more than those of other consumer discretionary businesses.

What about company news?

Aristocrat owns a portfolio of world-class poker machines and mobile games.

As we reported earlier this month, Aristocrat has been growing strongly in recent years. It’s gaining market share through its pokies division and its digital business, Pixel United.

Pixel United is generating significant and increasing annual recurring revenue (ARR) from its hugely popular games. 

Aristocrat is also expanding into the potentially lucrative real money gaming (RMG) market.

RMG comprises i-Gaming (tables and slots), online sports betting, and i-Lotteries.

Aristocrat says its $1.3 billion capital raising in October and continued strong business performance and cash flow “provides opportunity to invest strongly in growth initiatives, including a ‘build and buy’ strategy to scale in online RMG”.

Aristocrat recently tried to acquire United Kingdom RMG company Playtech PLC but the deal didn’t get enough shareholder support.

But Aristocrat has other RMG strategies. In a recent presentation, the company outlined how it will go about its goal “to be the leading gaming platform for the global online RMG industry”.

What are the experts saying about the Aristocrat share price?

As my Fool colleague James reported yesterday, top broker Morgans has an add rating on Aristocrat shares with a price target of $43.

The broker said:

It has delivered revenue growth of 17% pa over the past five years and 80% of revenue in FY21 was recurring. We expect ALL to continue to take market share in all its product segments.

Demand for its gaming machines and digital games is resilient to economic cycles. […] With $3.3bn of currently available liquidity, ALL has significant funding capacity for growth, even after the buyback.

Last week, we reported that Citi has a buy rating on Aristocrat shares with a price target of $41.

The post Why has the Aristocrat share price increased 17% in two months? appeared first on The Motley Fool Australia.

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Citigroup is an advertising partner of The Ascent, a Motley Fool company. 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 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.

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