The Xero Limited (ASX: XRO) share price was a positive performer on Friday.

The cloud accounting platform provider’s shares rose almost 1% to end the week at $91.22.

This latest gain means the Xero share price is now up almost 20% since this time last month.

Though, it is worth noting that its shares are still down materially from their 52-week high of $156.65.

Can the Xero share price climb back beyond $100?

It has been three months since the Xero share price traded above $100.00 but it may not be long until it is beyond this level again.

That’s the view of analysts at Goldman Sachs, who recently reaffirmed their buy rating with a $113.00 price target.

Even after its strong gains over the last 30 days, this still implies potential upside of 24% for investors over the next 12 months.

Why is the broker bullish?

Goldman is bullish on Xero due to its belief that the company can grow its gross profit by an average of 22% per annum between FY 2023 and FY 2025. This is thanks to the stickiness and importance of its software and the low churn levels it is commanding compared to peers. The broker commented:

While noting that the near term remains robust, we do acknowledge the risk of higher churn from SME business challenges and recent price increases. Nevertheless, we see Xero as well-placed to navigate this uncertainty given the stickiness & importance of its software, and lower levels of churn vs. AU overall. We revise FY23-25 GP to reflect FX and higher churn/ARPU growth (price increases).

It is also worth noting that analysts at Citi also see scope for the Xero share price to climb beyond the $100 mark again. Its analysts have a buy rating and $108.00 price target on the company’s shares. Citi commented:

We see Xero’s decision to increase prices in ANZ and UK as an indication of the company’s confidence in its position in its core markets. While the changes would not have a full impact in FY23e, we estimate the changes represent a 8% uplift to group ARPU and represents upside to our ARPU forecasts. An increase in churn is a factor to consider especially given the slowing economic outlook.

The post Is the Xero share price heading back over $100? appeared first on The Motley Fool Australia.

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More reading

• 3 fantastic ASX tech shares experts say are buys
• Here are the top 10 ASX shares today
• ASX 200 midday update: Megaport rockets, Allkem’s update, tech shares rally
• Xero share price rises 8%: Can it keep climbing?
• Why did the Xero share price have such a lousy session 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 positions in and has recommended Xero. The Motley Fool Australia has positions in and has recommended Xero. 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 Index (ASX: XJO) started and ended in the red on Friday despite trading higher for much of the afternoon. As of the market’s close, the index was 0.04% lower at 6,791.50 points.

Its downfall was driven by the S&P/ASX 200 Utilities Index (ASX: XUJ), which was weighed down by the APA Group (ASX: APA) share price. The stock tumbled on news of the company’s expected final dividend.

The S&P/ASX 200 Energy Index (ASX: XEJ) also slumped 1% amid lower oil prices.

The Brent crude oil price fell 2.9% to US$103.86 a barrel overnight while the US Nymex crude oil price dumped 3.5% to US$96.35 a barrel.

It wasn’t all dire, however. Real estate, financials, and information technology ended the day in the green, with the Zip Co Ltd (ASX: ZIP) share price recording its third consecutive major gain.  

At the end of Friday’s trade, three of the ASX 200’s 11 constituents were in the green. But which companies reported the biggest gains of the day? Keep reading to find out.

Top 10 ASX 200 shares countdown

Today’s top performing ASX 200 share was none other than Pointsbet Holdings Ltd (ASX: PBH). Find out what’s been going on with the bookmaker’s stock here.

Today’s biggest gains were made by these ASX 200 shares:

ASX-listed company	Share price	Price change
Pointsbet Holdings Ltd (ASX: PBH)	$3.29	16.25%
Zip Co Ltd (ASX: ZIP)	$0.88	13.55%
EML Payments Ltd (ASX: EML)	$1.195	7.17%
Telix Pharmaceuticals Ltd (ASX: TLX)	$7.09	5.51%
Pendal Group Ltd (ASX: PDL)	$4.75	4.4%
Pinnacle Investment Management Group Ltd (ASX: PNI)	$9.61	4.34%
Megaport Ltd (ASX: MP1)	$8.59	4.25%
City Chic Collective Ltd (ASX: CCX)	$2.58	3.2%
Cochlear Limited (ASX: COH)	$214	3.18%
Australia and New Zealand Banking Group Ltd (ASX: ANZ)	$22.59	3.01%

Our top 10 ASX 200 shares today countdown is a recurring end-of-day summary to ensure you know which companies were making big moves on the day. Check in at Fool.com.au after the market has closed during weekdays to see which stocks make the countdown.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

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More reading

• Brokers name 3 ASX shares to buy today
• Here are the 3 most heavily traded ASX 200 shares on Friday
• Why Brickworks, Ioneer, Telix, and Zip shares are charging higher
• IAG share price drops despite ‘strong momentum’ for FY23
• Up 59% this week: Why is the Zip share price surging another 17% today?

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 Cochlear Ltd., EML Payments, MEGAPORT FPO, PINNACLE FPO, Pointsbet Holdings Ltd, and ZIPCOLTD FPO. The Motley Fool Australia has positions in and has recommended APA Group, EML Payments, and PINNACLE FPO. The Motley Fool Australia has recommended Cochlear Ltd., MEGAPORT FPO, and Pointsbet 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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If you’re searching for growth shares to buy, then it could be worth considering the two listed below.

Here’s why analysts are saying that these ASX growth shares are in the buy zone now:

Readytech Holdings Ltd (ASX: RDY)

The first ASX growth share to look at is enterprise software provider Readytech.

Analysts at Goldman Sachs are very positive on Readytech. This is due to its strong position in defensive market verticals such as higher education and local government. It notes that these are under-served by both large and small enterprise software competitors.

Goldman expects this to allow the company to continue growing organically at a solid rate in the coming years. It also sees opportunities for Readytech to boost its growth with bolt on acquisitions.

The broker commented:

In our view, RDY will continue to grow mid-teens organically while making accretive acquisitions (such as IT Vision), with profitability underpinned by solid software metrics including low churn at ~3% and high LTV/CAC.

RDY serves defensive end markets (e.g. higher education, local government) and has high recurring revenue (>85%) which should protect the company’s earnings profile in an economic downturn.

Goldman Sachs has a buy rating and $4.60 price target on ReadyTech’s shares.

Treasury Wine Estates Ltd (ASX: TWE)

Another ASX growth share that could be in the buy zone is wine giant Treasury Wine.

Analysts at Morgans are very positive on the company. This is due to its strong brands, attractive valuation, and highly regarded management team.

Morgans explained:

TWE owns much loved iconic wine brands, the jewel in the crown being Penfolds. We rate its management team highly. The foundations are now in place for TWE to deliver strong earnings growth from the 2H22 over the next few years. Trading at a material discount to our valuation and other luxury brand owners, TWE is a key pick for us.

Its analysts currently have an add rating and $13.93 price target on the company’s shares.

The post Analysts name 2 stellar ASX growth shares to buy appeared first on The Motley Fool Australia.

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More reading

• Got $1,000? You can buy 85 Treasury Wine shares… or one bottle of Penfolds Grange!
• Analysts have named these top growth shares as buys
• Experts name 2 ASX growth shares for investors to buy now
• Has the Treasury Wines dividend been worthwhile since 2017?
• Broker names 2 blue chip ASX 200 shares to buy this month

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 positions in and has recommended Readytech Holdings Ltd. The Motley Fool Australia has recommended Readytech Holdings Ltd and Treasury Wine Estates Limited. 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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If you’re looking for exchange traded funds (ETFs) to buy, then you might want to look at the three listed below.

Here’s what you need to know about these popular ETFs:

BetaShares Asia Technology Tigers ETF (ASX: ASIA)

If you’re interested in gaining exposure to the Asian tech sector, then the BetaShares Asia Technology Tigers ETF could be worth considering. This ETF tracks the performance of the largest technology companies in Asia (excluding Japan). This means you’ll be buying a slice of tigers such as Alibaba, JD.com, Pinduoduo, Samsung, Taiwan Semiconductor, and Tencent Holdings. And with the ETF falling almost 25% in 2022, now could be an opportune time to make a long term investment.

VanEck Vectors Morningstar Wide Moat ETF (ASX: MOAT)

Investors that are fans of legendary investor Warren Buffett, may want to consider the VanEck Vectors Morningstar Wide Moat ETF. When Buffett invests, he looks for fairly valued companies with sustainable competitive advantages or moats. VanEck has taken that into account and pulled together around 50 attractively priced companies with moats. These include high quality companies such as Alphabet (Google), Boeing, Campbell Soup, Kellogg Co, Microsoft, Philip Morris, and Walt Disney.

Vanguard MSCI Index International Shares ETF (ASX: VGS)

If you’re looking for a way to diversify your portfolio, then the Vanguard MSCI Index International Shares ETF could be the one to do this with. This popular ETF provides investors with easy access to somewhere in the region of 1,500 of the world’s largest listed companies. This provides significant diversity and also allows investors to take part in the long term growth potential of international economies. Among the companies that you’ll be owning a slice of are giants such as Amazon, Apple, Nestle, Nvidia, Procter & Gamble, Tesla, and Visa.

The post 3 popular ASX ETFs for investors to buy appeared first on The Motley Fool Australia.

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More reading

• Is VGS the best international shares ETF on the ASX?
• I think the 16% drop in 2022 makes this Vanguard ETF a buy
• Here are 3 fantastic ETFs for ASX investors to buy now
• Here are 2 top ETFs to boost your portfolio
• 2 top ETFs for ASX growth investors to buy in July

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 positions in and has recommended Vanguard MSCI Index International Shares ETF. The Motley Fool Australia has recommended BetaShares Asia Technology Tigers ETF, VanEck Vectors Morningstar Wide Moat ETF, and Vanguard MSCI Index International Shares ETF. 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 Commonwealth Bank of Australia (ASX: CBA) share price has been on the up-and-up this week.

That’s despite the Finance Sector Union (FSU) having slammed the bank for denying staff paid COVID-19 leave.

According to the union, the bank’s paid pandemic leave was revoked this month despite Australia’s current Omicron wave.

At the time of writing, the CBA share price is $97.97. That’s 0.35% higher than its previous close and 5% higher than it was at the end of last week.

For context, the S&P/ASX 200 Index (ASX: XJO) has lifted 0.24% today and 3% this week.

Let’s take a closer look at criticisms hurled at the banking giant this week.

Union slams CBA for scrapping paid pandemic leave

The CBA share price has outperformed this week despite the FSU labelling the bank’s decision to scrap paid pandemic leave “irresponsible”.

According to the union, CBA staff were told the bank would no longer provide ten days of paid leave to those impacted by COVID-19, saying it was an additional benefit provided during the 2021 and 2022 financial years.

They were told if time off was needed because they or a family member contracted COVID-19 they could use personal or carers leave.

Finance Sector Union national secretary Julia Angrisano said it was “outrageous” that CBA would scrap the initiative before the end of the pandemic, continuing:

Even worse that the CBA pulls the pin on its staff at the same time the Federal and State governments have extended Pandemic Leave Disaster payments for workers without sick leave.

What does the CBA expect to happen here? Have taxpayers pick up the cost? … This is the bank that posted a $2.4 billion dollar third quarter cash profit in May.

The union has called upon the bank and its CEO Matt Comyn to reinstate the leave entitlement.

A spokesperson for CBA said the bank instated paid pandemic leave in 2020 to support staff facing 14-day isolation periods, lengthy lockdowns, and homeschooling. They continued:

Should our people be unwell, or required to care for immediate family or a household member, they have access to a range of different leave options to support them. In the event all these leave options have been exhausted, employees are encouraged to have the conversation with their manager to understand other options that may be available.

CBA share price snapshot

The CBA share price is currently 4.5% lower than it was at the start of 2022. It has also fallen 2% since this time last year.

The post Own CBA shares? Union labels bank ‘irresponsible’ following major COVID change appeared first on The Motley Fool Australia.

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More reading

• How high will the RBA hike rates in 2022? Here’s what the ASX 200 banks are forecasting
• ‘CBA and Westpac are too big’: One fund manager’s take on the future of ASX 200 bank shares
• Should owners of CBA shares be worried about ANZ’s mega deal?
• How to beat the market with ‘boring’ ASX shares: fundie
• Setting the pace: Why ASX 200 bank shares are feeling the pinch on Friday

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 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 has been another busy week for Australia’s top brokers. This has led to the release of a large number of broker notes.

Three broker buy ratings that you might want to know more about are summarised below. Here’s why brokers think these ASX shares are in the buy zone:

Allkem Ltd (ASX: AKE)

According to a note out of Morgans, its analysts have retained their add rating and lifted their price target on this lithium miner’s shares to $16.72. The broker was pleased with Allkem’s fourth quarter update and believes more of the same is coming in FY 2023 thanks to strong lithium prices and production from Naraha and Stage 2 of Olaroz. The Allkem share price is trading at $10.27 on Friday afternoon.

Liontown Resources Limited (ASX: LTR)

A note out of Macquarie reveals that its analysts have retained their outperform rating and $1.85 price target on this lithium developer’s shares. This follows the appointment of Lycopodium Limited (ASX: LYL) to complete the engineering, procurement, construction management (EPCM) and commissioning services for the Kathleen Valley Lithium Project. Macquarie notes that this is an important step to ensuring that things remain on schedule. It expects production to commence in 2024. The Liontown share price is fetching $1.21 this afternoon.

Megaport Ltd (ASX: MP1)

Analysts at Goldman Sachs have retained their buy rating and lifted their price target on this elasticity connectivity provider’s shares to $9.60. This follows a quarterly update which revealed stronger than expected growth and a maiden EBITDA profit. Goldman believes the latter de-risks funding concerns, which should be supportive of its valuation. Looking ahead, the broker now expects 30%+ revenue each year through to and including FY 2025. The Megaport share price is trading at $8.73 on Friday.

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

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• Do these 2 All Ords ASX shares offer a hefty upside?
• Is the Allkem share price dirt cheap? Broker tips 70% upside for investors
• Here are the top 10 ASX shares today
• Why Kelsian, Link, Liontown, and Zip shares are racing higher
• Liontown share price jumps 7% on ‘significant milestone’

Motley Fool contributor James Mickleboro has positions in Allkem Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended MEGAPORT FPO. The Motley Fool Australia has recommended MEGAPORT FPO. 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 Index (ASX: XJO) is experiencing a rather strange end to the trading week this Friday.

At the time of writing, the ASX 200 is still in positive territory, up by 0.03% at almost 6,800 points. But the ASX 200 initially plummetted upon market open this morning before rising to almost 6,820 points and easing off.

But rather than trying to figure all of that out, let’s instead dig deeper into these market moves and take a look at the ASX 200 shares currently topping the share market’s trading volume charts, according to investing.com.

The 3 most traded ASX 200 shares by volume this Friday

Pilbara Minerals Ltd (ASX: PLS)

First up this Friday is a familiar face in Pilbara Minerals. This ASX 200 lithium producer has had a hefty 11 million of its shares trade on the ASX boards so far this Friday. There’s been no news out of Pilbara today.

Thus, this volume is the likely result of the movements of the Pilbara share price itself. This lithium stock has lost a significant 1.17% of its value so far today and is now down to $2.53 a share.

Aurizon Holdings Ltd (ASX: AZJ)

ASX 200 rail freight company Aurizon is next up. So far today, a sizeable 14.19 million Aurizon shares have changed hands. We haven’t heard anything out of this transport share either.

So again, we can probably blame some share price machinations here. And indeed, the Aurizon share price has had a moderate move today. The company has lost 1.15% of its value so far and is down to $3.86 a share.

Zip Co Ltd (ASX: ZIP)

Buy now, pay later (BNPL) share Zip is our third, final and most traded ASX 200 share this Friday. Thus far today, a whopping 35.8 million Zip shares have been bought and paid for on the ASX. We don’t have to look too far for this one.

As my Fool colleague Brooke covered this afternoon, Zip shares have rocketed today. The BNPL share is up an eye-popping 15.48% today at 89.5 cents a share, meaning the company has now gained more than 50% just this week. No wonder so many shares are trading.

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

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More reading

• Why Brickworks, Ioneer, Telix, and Zip shares are charging higher
• IAG share price drops despite ‘strong momentum’ for FY23
• Up 59% this week: Why is the Zip share price surging another 17% today?
• ASX 200 midday update: Brickworks higher, IAG drops on prelim results, Zip rockets
• 5 things to watch on the ASX 200 on Friday

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 recommended Aurizon Holdings Limited. 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 Webjet Limited (ASX: WEB) share price started poorly and continues to slide into the red on Friday.

At the time of writing, the share is swapping hands at $5.09 apiece, more than 5% down on the day.

Meanwhile, travel shares have faced turbulence lately, amid a number of headwinds that could potentially impact the wider sector.

Webjet share price to face headwinds in FY23?

It hasn’t been a good start for Webjet on the chart this financial year. The share trades at 3-month lows after taking a nosedive on two occasions.

First was on 8 June, when it slipped from $6.13 to $5.15 in just over 1 week. It then traded sideways into FY23.

That was, until 20 July, where it’s fallen from $5.45 to the current market price. This price action could certainly impact the outlook for Webjet in FY23.

Moreover, as TMF reported today, ASX travel shares have sold off following a set of weak quarterly earnings from two US airlines overnight.

“This has sparked fears that the travel market recovery may take longer than hoped,” TMF said.

These fears have been compounded by a more downbeat outlook on the macroeconomic front, Morgans says.

“Despite travel demand recovering strongly, in recent months the travel sector globally has derated due to concerns about a weak macro outlook,” the broker said in a recent note.

Meanwhile, 46% of brokers covering the Webjet share price say it’s a buy right now, according to Refinitiv Eikon data.

From this list, the consensus price target is $5.94 apiece, suggesting some more upside if these brokers turn out to be correct.

In the last 12 months, the Webjet share price has held a 4% gain.

The post What’s in store for the Webjet share price in FY23? appeared first on The Motley Fool Australia.

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• Why Accent, Humm, IAG, and Webjet shares are dropping
• Why are Flight Centre, Webjet, and other ASX travel shares sinking today?
• ASX 200 midday update: Brickworks higher, IAG drops on prelim results, Zip rockets
• The Webjet share price is having its best day of July so far. What’s happening?
• Clipped wings: Why ASX 200 travel shares are having trouble getting off the ground today

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 recommended Webjet 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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In late afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is fighting hard to staying in positive territory. At the time of writing, the benchmark index is up 0.1% to 6,800.9 points.

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

Accent Group Ltd (ASX: AX1)

The Accent share price is down 9% to $1.38. Investors have been selling this footwear retailer’s shares following the release of a trading update. Accent advised that it expects to report earnings before interest and tax (EBIT) in the range of $61 million to $63 million in FY 2022. This will be down by approximately 50% from the $124.9 million it reported in FY 2021.

Humm Group Ltd (ASX: HUM)

The Humm share price is down 5% to 48 cents. Investors have been selling Humm’s shares after it confirmed that Sumitomo Mitsui Banking Corporation has lodged a statement of claim in relation to a potential exposure to Forum Finance. Sumitomo Mitsui Banking Corporation is reportedly chasing Humm for ~$34 million. It alleges that the company was negligent in selling it items linked to the Forum Group and misled the bank.

Insurance Australia Group Ltd (ASX: IAG)

The IAG share price is down 2% to $4.18. This follows the release of the insurance giant’s preliminary full-year results. IAG revealed that its insurance profit margin came in at 7.4% in FY 2022. This is down 6.1 percentage points year on year and short of its 10% to 12% guidance. Management blamed this largely on its net natural peril costs of $1,119 million, which were $354 million above the original allowance of $765 million.

Webjet Limited (ASX: WEB)

The Webjet share price is down 5% to $5.09. Investors have been selling Webjet and other ASX travel shares following a poor night for the sector on Wall Street. This was driven by disappointing quarterly updates from two major US airlines.

The post Why Accent, Humm, IAG, and Webjet shares are dropping appeared first on The Motley Fool Australia.

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More reading

• What’s in store for the Webjet share price in FY23?
• Why is the Humm share price slumping 7% on Friday?
• IAG share price drops despite ‘strong momentum’ for FY23
• Why are Flight Centre, Webjet, and other ASX travel shares sinking today?
• ASX 200 midday update: Brickworks higher, IAG drops on prelim results, Zip rockets

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 positions in and has recommended Insurance Australia Group Limited. The Motley Fool Australia has recommended Accent Group, Humm Group Limited, and Webjet 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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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 0.1% to 6,800.9 points.

Four ASX shares that are climbing more than most today are listed below. Here’s why they are charging higher:

Brickworks Limited (ASX: BKW)

The Brickworks share price is up 2.5% to $20.62. Investors have been buying this building products company’s shares after it announced the launch of the Brickworks Manufacturing Trust and provided a trading update. In respect to the latter, Brickworks expects to report record Property earnings and strong earnings growth from its Building Products operations in both Australia and North America in FY 2022.

Ioneer Ltd (ASX: INR)

The Ioneer share price is up 4% to 51.5 cents. This follows news that the company has signed an offtake agreement with auto giant Ford for lithium from its Rhyolite Ridge Project. The agreement will see Ford’s battery-making joint venture BlueOvalSK snapping up a third of the project’s expected average annual lithium output for five years.

Telix Pharmaceuticals Ltd (ASX: TLX)

The Telix share price has continued its ascent with a 7% gain to $7.20. Investors have been buying the radiopharmaceuticals company’s shares this week following the release of a strong quarterly update. Telix reported total revenue of $22.5 million from global sales of its Illuccix product in its first commercial quarter. This is a 10x increase on the previous quarter.

Zip Co Ltd (ASX: ZIP)

The Zip share price is up 15% to 89 cents. This appears to have been driven by a positive reaction from a leading broker to the buy now pay later provider’s fourth quarter update. According to a note out of Ord Minnett, its analysts have put an accumulate rating and 90 cents price target on its shares. The broker believes Zip could be profitable by the end of FY 2024.

The post Why Brickworks, Ioneer, Telix, and Zip shares are charging higher appeared first on The Motley Fool Australia.

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More reading

• Up 59% this week: Why is the Zip share price surging another 17% today?
• ASX 200 midday update: Brickworks higher, IAG drops on prelim results, Zip rockets
• Brickworks share price higher on record earnings, Goodman deal
• Ioneer share price leaps 8% on Ford supply agreement
• Why has the Brickworks share price leapt 10% in a month?

Motley Fool contributor James Mickleboro has positions in TELIXPHARM DEF SET. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Brickworks and ZIPCOLTD FPO. The Motley Fool Australia has positions in and has recommended Brickworks. 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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