I think there are a number of investments that now look particularly attractive due to the recent market volatility. I’ve got my eye on some top exchange-traded funds (ETFs).

When the share market drops considerably, it can be difficult to know which shares to choose.

The main benefit of an ETF is that investors can buy a whole group of attractively-priced businesses at the same time. I like diversification, and I also like buying great businesses.

Here are two that I think give investors exposure to a great group of companies.

Betashares Nasdaq 100 ETF (ASX: NDQ)

This ETF aims to track the performance of the 100 largest businesses on the tech-heavy NASDAQ stock exchange in the United States.

The Betashares Nasdaq 100 ETF has many of the world’s biggest tech companies in its portfolio. These include Apple, Microsoft, Amazon.com, Alphabet, Meta Platforms, and Nvidia.

But it’s not just the giants in there. There are plenty of other attractive, quality businesses in the portfolio including Broadcom, Adobe, Costco, Cisco Systems, Advanced Micro Devices, Qualcomm, and Texas Instruments.

One of the main things I like about these holdings is that many of them are the best at what they do in the Western world, or perhaps the whole world. I think this ETF’s holdings are high quality.

The annual management fee seems reasonable to me at 0.48%. While it’s not as cheap as some other ETFs, I think the net returns of the NDQ ETF will be great over the long term because of the strength of the underlying holdings. Plus, it’s a cheaper fee than many active fund managers charge.

Over the five years to April 2022, the average net return of the Betashares Nasdaq 100 ETF was 19.76% per annum. That compares to an average net return per annum of 14.1% from the Vanguard US Total Market Shares Index ETF (ASX: VTS) over the same period. The VTS ETF has an annual fee of 0.03%.

Vanguard aims to keep its fees as low as possible for investors. It isn’t looking to make a profit, unlike BetaShares.

The Betashares Nasdaq 100 ETF share price has fallen by almost 23% in 2022.

Betashares Global Cybersecurity ETF (ASX: HACK)

This is another ETF, but it’s focused on a particular industry. As you may have already guessed, it’s all about the global cybersecurity sector.

The HACK ETF has about 40 positions. While most (87%) of the portfolio is invested in US businesses, the underlying earnings come from across the world.

Sadly, cybercrime continues to rise. Indeed, there are predictions that cybercrime costs could more than triple between 2015 to 2025.

The businesses in this ETF’s portfolio are at the forefront of defending against the bad guys. Some of the biggest names in the portfolio include Crowdstrike, Cisco Systems, Zscaler, VMware, Mandiant, Booz Allen Hamilton, Leidos, Sailpoint Technologies and Akamai Technologies.

I think the HACK ETF has an attractive earnings growth outlook. BetaShares outlines that, according to Statista, the projected size of the global cybersecurity market is expected to rise to US$223.68 billion in 2022 (up approximately 10% from 2021) and then further increase to US$248.26 billion in 2023.

Cybersecurity is also very important for businesses, governments, and organisations – I’d guess it’s the last thing that would be cut from expenditure, so I believe that might make the HACK ETF more defensive than ETFs with cyclical stocks.

The Betashares Global Cybersecurity ETF share price has dropped by almost 17% in 2022. So, I think it looks even more attractive now.

The post 2 great ETFs I’d buy in June 2022 appeared first on The Motley Fool Australia.

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• Are these 2 sold-off ASX growth shares now cheap bargains?

John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool’s board of directors. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. Motley Fool contributor Tristan Harrison 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 Adobe Inc., Advanced Micro Devices, Alphabet (A shares), Alphabet (C shares), Amazon, Apple, BETA CYBER ETF UNITS, BETANASDAQ ETF UNITS, Cisco Systems, CrowdStrike Holdings, Inc., Meta Platforms, Inc., Microsoft, Nvidia, and Qualcomm. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended VMware and has recommended the following options: long January 2024 $420 calls on Adobe Inc., long March 2023 $120 calls on Apple, short January 2024 $430 calls on Adobe Inc., and short March 2023 $130 calls on Apple. The Motley Fool Australia has positions in and has recommended BETA CYBER ETF UNITS and BETANASDAQ ETF UNITS. The Motley Fool Australia has recommended Adobe Inc., Alphabet (A shares), Alphabet (C shares), Amazon, Apple, CrowdStrike Holdings, Inc., Meta Platforms, Inc., and Nvidia. 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 Breville Group Ltd (ASX: BRG) share price has been distinctly off the boil for months. It’s drifted down from a 52-week high of $33.61 in August 2021 to a 52-week low of $19.74 last week. Since the start of the year, shares in the global home kitchen appliances giant have lost 36% of their value.

Now, a trio of brokers are tipping the Breville share price to rise by at least 50% over the next year.

Can the Breville share price go to $30-plus in a year?

Morgans has given Breville an add rating with a share price target of $32. UBS agrees that Breville is a buy, but it has a more ambitious price target of $34. Macquarie is the most bullish, tipping the Breville share price to rise to $34.80.

Morgans says favourable industry tailwinds combined with Breville’s ongoing global expansion and heavy investment in research and development position the company for strong ongoing growth.

In a note to clients in May, Morgans said Breville was “positioned to deliver double-digit sales growth consistently over the next few years as it grows its market share, notably in geographies into which it has recently launched”.

Breville recently expanded into Norway, Finland, Denmark, and Sweden. This month, it hopes to start operations in South Korea, and in July it’s targeting Poland.

UBS reckons Breville can deliver ongoing double-digit earnings per share (EPS) growth over the next few years.

Macquarie retains its outperform rating and says Breville shares could go as high as $34.80 by this time next year.

Breville retains FY22 EBIT guidance

Macquarie interpreted a positive update from Italian small-appliance manufacturer De’Longhi SpA (FRA: DLN) in May as indicative of strength in home appliances retailing. This may bode well for Breville’s second-half results in FY22.

Breville gave a presentation at the Macquarie Investor Conference in Sydney on 3 May, where it reconfirmed its FY22 guidance. Breville said it expects earnings before interest and tax (EBIT) “to be consistent with the markets’ consensus forecast of ~$156 million”. The FY21 EBIT was $136.4 million.

What’s next for Breville?

Breville expects to complete its 100% acquisition of the Italian prosumer specialty coffee group LELIT next month. The company announced the $113 million euros purchase in March.

At the time, Breville Group CEO Jim Clayton said:

Both companies have a shared passion for using product innovation to improve our customers’ coffee experience at home, and we look forward to working alongside LELIT and its existing partners to further accelerate its growth and product innovation, while preserving the values that underpin its Italian identity.

The Breville share price slipped into the red early this afternoon and is trading at $20.44, down 0.39% at the time of writing.

The post The Breville share price has at least 50% upside: top brokers appeared first on The Motley Fool Australia.

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Motley Fool contributor Bronwyn Allen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has 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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Lithium stocks have been on a wild ride this week.

ASX lithium shares have been some of the best performers on the index over the past year. That outperformance has been driven by rocketing lithium prices, with the battery metal in high demand for its crucial role in powering electric vehicles (EVs).

But ASX lithium shares tumbled on Wednesday as investors were spooked by the bearish forecast for lithium prices from Goldman Sachs. The broker believes the sector is overinvested with excess supply hitting the market over the next few years and predicts “a sharp correction in lithium”.

News of legendary investor Warren Buffett’s intention to buy six lithium mines in Africa via EV company BYD, also may have led investors to fear a potential oversupply of the lightweight conductive metal.

On Wednesday, the Allkem Ltd (ASX: AKE) share price lost 15.4%; IGO Ltd (ASX: IGO) closed down 12.7%; Pilbara Minerals Ltd (ASX: PLS) dropped 22.4%; and shares in Mineral Resources Ltd (ASX: MIN) fell 8.1%.

All four ASX lithium shares are well into the green today.

But if Credit Suisse has it right, they’re in for some more headwinds.

What does Credit Suisse forecast for supply and demand?

Credit Suisse analyst Matthew Hope said runaway lithium prices have seen a surge of new lithium brought to market while raising the costs of the batteries the metal is used in, thereby “incentivising supply and destroying demand”.

As reported by The Australian, Hope believes the supply and demand dynamics will be in balance in 2023 through 2024, adding that “surpluses threaten from 2025“.

According to Hope:

We previously considered the deficit was intractable, but the world has changed with inflation, war and lockdowns souring the demand outlook, whilst the pace of supply response to spiking prices has been more rapid than anticipated.

What this could mean for ASX lithium shares

Alongside its forecast that lithium markets are facing a looming period of oversupply, Credit Suisse has downgraded Allkem to a neutral rating. It reduced its target for the Allkem share price by 10% to $14.70. That’s still 24% above the current price of $11.86, at the time of writing.

Credit Suisse also reduced its rating for Pilbara Minerals to neutral. Its target price for the ASX lithium share was lowered by 19% to $3, representing a 25% upside to Pilbara’s current share price of $2.40.

Both Mineral Resources and IGO held onto their outperform rating from Credit Suisse.

The broker’s price target for Mineral Resources is $73, 22% above the current price of $59.92. While involved in lithium production, Credit Suisse flagged the company’s diversified operations outside of the lithium space. This includes its mining services segment and gas projects.

Credit Suisse kept IGO as an outperform. It cited its low lithium production costs and intentions to ramp up the Kwinana project as offering tailwinds ahead. Kwinana, located in Western Australia, is one of the first fully automated battery-grade lithium hydroxide facilities in the world. Credit Suisse has a price target of $15.60 for the ASX lithium share, 30% above IGO’s current share price of $11.97.

The post One broker’s outlook for lithium supply and demand and what it could mean for ASX lithium shares appeared first on The Motley Fool Australia.

More reading

• ASX 200 midday update: Healius disappoints, BHP and Fortescue storm higher
• Could the Pilbara share price take off in June?
• Was May a good month for the Pilbara Minerals share price?
• Aside from Goldman Sachs, what are other brokers saying about ASX lithium shares?
• Why Bubs, IGO, Strike Energy, and Woodside shares are pushing higher

The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs. 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 Evolution Mining Ltd (ASX: EVN) share price backtracked more than 5% across the month of May.

This comes despite the gold miner keeping a relatively quiet profile on the news front.

In comparison, the S&P/ASX 200 Index (ASX: XJO) treaded 3% lower over the same time frame.

At the time of writing, Evolution shares are recovering some lost ground, up 2.18% to $3.75.

And in case you were wondering, the ASX 200 index is also up 0.74% to 7,229.1 points.

What impacted Evolution shares in May?

Investors reacted negatively to the Evolution share price following a selloff across global markets last month.

Fears surrounded a global economic slowdown brought on by high inflation, interest rate hikes, and China’s COVID-19 crisis.

While the price of gold is currently fetching at US$1,870 an ounce, it dipped 1.34% lower in May.

This appears to have attributed to the company’s shares heading south.

A decline in the price of the yellow metal translates to a loss of potential revenue for Evolution.

In its March quarterly report released in April, the company recorded 148,787 ounces of gold produced for the 3 months ending 31 March.

All-in sustaining costs (ASIC) came to A$990 (US$717) per ounce.

This means at the current gold price; Evolution is making around US$1,153 profit for every ounce sold.

It’s worth noting that this does not include the capital and discovery expenditure used on developing and bringing the assets online.

Evolution share price summary

Evolution is an Australian mining and exploration company that owns and operates five mines, mostly based in Australia. They include Cowal in New South Wales, Mungari in Western Australia, Mt Rawdon and Ernest Henry in Queensland, and Red Lake in Ontario, Canada.

Over the past 12 months, the Evolution share price has lost 29%.

Year-to-date, its shares are down roughly 8%.

On valuation metrics, Evolution commands a market capitalisation of around $6.87 billion.

The post Why did the Evolution share price fall in a hole in May? 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.

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The past three weeks have been good to the Treasury Wine Estates Ltd (ASX: TWE) share price. And the fun might have only just begun. One top broker is tipping the winemaker and distributer to gain another 18%.

At the time of writing, the Treasury Wine share price is $11.74. That’s 5.86% higher than it was three weeks ago.

For context, the S&P/ASX 200 Index (ASX: XJO) has risen 2.1% over that time. Meanwhile, the company’s home sector ­– the S&P/ASX 200 Consumer Staples Index (ASX: XSJ) – has dumped 4.6%.

Let’s take a look at why Treasury Wine has garnered this broker’s eye.

Broker tips Treasury Wine share price to gain 18%

The Treasury Wine share price could have some seriously bright days ahead if Morgans’ predictions come true.

The broker was impressed by the company’s latest half-year results, released in February.

Its earnings before interest, tax, SGARA, and material items (EBITS) slipped 6.7% in the half. But that was seemingly better than expected considering the headwinds faced by the company.

Its most renowned brand, Penfolds, saw a revenue drop of 16.3%, while its EBITS fell 19%. The fall was generally expected considering the brand struggled in the Chinese market due to tariffs.

Additionally, Treasury Wine’s management – which Morgans also likes – flagged a shift in the company’s mindset.

Treasury Wine CEO Tim Ford said the company is moving from “recovery and restructuring” to a new phase of “growth and innovation”.

“We have great confidence that by leveraging the unique strengths of our business … we are well placed to capitalise on the significant opportunities,” Ford said.

Morgans is bullish on the company’s plans for the future, saying:

The foundations are now in place for [Treasury Wine] to deliver strong double-digit growth from [the second half of financial year 2022] over the next few years.

The broker slapped a price target of $13.93 on Treasury Wine shares with an add rating.

The post The Treasury Wine share price has leapt 6% in 3 weeks. Why this top broker is tipping more gains appeared first on The Motley Fool Australia.

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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 recommended 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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The S&P/ASX 200 Index (ASX: XJO) is on course to end the week on a positive note. In afternoon trade, the benchmark index is up 0.7% to 7,224.3 points.

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

Ansell Limited (ASX: ANN)

The Ansell share price is down over 3% to $26.02. This appears to have been driven by a broker note out of Credit Suisse this morning. According to the note, the broker has downgraded this health and safety products company’s shares to an underperform rating with a $24.00 price target. The broker believes input costs could weigh on Ansell’s margins.

Domino’s Pizza Enterprises Ltd (ASX: DMP)

The Domino’s share price is down 3% to $66.90. Investors may be nervous ahead of the pizza chain operator’s investor update on Monday. This update is focused on its Asian operations but could include a trading update for the whole company.

Firefinch Ltd (ASX: FFX)

The Firefinch share price is down a massive 63% to 35.2 cents. This has been driven by the gold and lithium explorer’s shares going ex-dividend this morning for its in-specie dividend. This dividend relates to the demerger of the company’s lithium operations. Eligible shareholders will be receiving 1 Leo Lithium share for every 1.4 Firefinch shares they own.

Healius Ltd (ASX: HLS)

The Healius share price is down 8.5% to $3.81. Investors have been selling this healthcare company’s shares following the release of a trading update. That update revealed that trading conditions have been tough in the second half. As a result, during the first five months of the half, Healius has generated just under $100 million of EBIT. This compares to first half EBIT of $376 million.

The post Why Ansell, Domino’s, Firefinch, and Healius shares are dropping appeared first on The Motley Fool Australia.

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• 3 excellent ASX growth shares with major upside potential

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 recommended Ansell Ltd. and Dominos Pizza Enterprises 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 Rio Tinto Limited (ASX: RIO) share price moved in circles throughout May, registering a gain of around 1.4%.

In comparison, the S&P/ASX 200 Index (ASX: XJO) fell 3% after investors headed for the exits following a volatile month.

Let’s take a look below at what happened to the mining giant’s shares over the month of May.

What happened to Rio Tinto shares in May?

Rio Tinto shares wobbled last month despite the company delivering its annual general meeting (AGM) address to shareholders.

In the notes, Rio Tinto chair Simon Thompson highlighted the company’s significant progress to grow production in essential materials. This includes copper, lithium, iron ore and aluminium, all of which are vital for the transition to a low carbon economy.

Rio Tinto also mentioned the completed acquisition of the Rincon lithium project for $825 million.

Rincon is a large undeveloped lithium brine project located in the heart of the lithium triangle in the Salta Province of Argentina.

While the AGM was held during the afternoon, investors sold off the Rio Tinto share price in the days after.

A market correction came fast amidst high inflationary fears, the Russia-Ukraine war, and a resurgence of COVID-19 lockdowns in China.

As such, Rio Tinto shares fell almost 8% from 6 May to 10 May.

Nonetheless, after a bumpy ride, investor confidence swung back to action towards the end of the month.

The benchmark ASX 200 index rose 2.1% from 20 May until 31 May.

This led shares in the mining giant to record strong gains at the backend of the month.

Rio Tinto share price snapshot

Since the beginning of 2022, the Rio Tinto share price has gained 16% but is down around 8% for the last 12 months.

The company’s shares reached a 52-week low of $87.28 in November, before zipping 32% higher to the current share price of $116.18.

Rio Tino has a price-to-earnings (P/E) ratio of 6.21 and commands a market capitalisation of roughly $42.24 billion.

The post What happened to the Rio Tinto share price in May? appeared first on The Motley Fool Australia.

More reading

• Why are the ASX 200 iron ore giants outperforming on Friday?
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• The Rio Tinto share price has leapt 11% in 3 weeks. Is there more to come?
• Why is the Rio Tinto share price having such a strong end to the week?
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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.

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Shares of Lake Resources N.L (ASX: LKE) surged around 11% higher in early afternoon trade on Friday, now retreating slightly to rest at $1.46 apiece.

Despite no market-sensitive news, investors have rallied the Lake Resources share price from a low of $1.32, as the stock looks to reverse out of a downward trend.

Zooming out to a longer-term view, and the Lake Resources share price has clipped a 45% gain this year to date.

What’s up with the Lake Resources share price?

ASX lithium stocks such as Lake were tackled hard this week amid large weakness in the broad segment seeing just about every miner down at least 10% by the end of play on Thursday.

Investors sold off lithium players at a rapid pace amid the release of a bearish note from Goldman Sachs downsizing its forecasts for lithium prices.

Additional headwinds via a cap on lithium carbonate prices of US$53 per kg from Argentina, a potential battery substitute, and electric vehicle maker BYD’s possible purchase of six lithium mines in Africa, have plagued the outlook for lithium producers.

Despite the calamity, lithium carbonate prices are buoyant and remain top-heavy at A$96,884 per tonne.

The strength in lithium pricing is perhaps one factor underpinning the resurgence in the Lake Resources share price today.

Large accounts and institutional investors backing the company are likely to be buyers at these pullback levels, especially if holding Lake Resources shares as part of an investment mandate.

Volume is also more than 9.6 million shares and tilted to the upside, amounting to more than half the 4-week average of 17.99 million shares.

A total of 581,292 shares were settled at a range of $1.45–$1.467 in today’s session with one block of 177,705 shares of noteworthy size, according to Bloomberg data.

After paring a fair slice of gains in 2022, the Lake Resources price has still held a 423% gain in the past 12 months of trade.

The post The Lake Resources share price has surged 11% today. Can it sustain the rally? appeared first on The Motley Fool Australia.

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• Lake Resources share price tumbles again: Broker now sees almost 100% upside

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) has followed the lead of Wall Street and is pushing higher. At the time of writing, the benchmark index is up 0.65% to 7,222.4 points.

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

Altium Limited (ASX: ALU)

The Altium share price is up 4% to $28.92. This follows a rebound in the tech sector on Friday following a strong night on the Nasdaq index. In addition, earlier this week Morgan Stanley put an overweight rating and $35.00 price target on its shares. Its analysts believe that chip shortages and supply chain issues could be supporting demand for its software and parts search engine.

Fortescue Metals Group Limited (ASX: FMG)

The Fortescue share price is up 4% to $21.47. Investors have been buying Fortescue and other iron ore mining shares on Friday after the price of the steel-making ingredient jumped overnight. According to CommSec, the benchmark 62% fines iron ore price rose by US$6.86 or 5.1% overnight to US$142.20 a tonne.

PeopleIn Ltd (ASX: PPE)

The PeopleIn share price is up 6% to $3.39. This follows the announcement of an agreement to acquire FIP Group for an upfront consideration of $45 million. This comprises $35 million cash and $10 million in shares. Management notes that FIP is a highly complementary workforce solutions business specialising in staffing solutions to the food and agricultural sector.

REA Group Limited (ASX: REA)

The REA share price is up 2.5% to $112.54. This follows the release of a number of positive broker notes in response to the property listings company’s investor day update. One of those was Goldman Sachs, which has retained its buy rating and $167.00 price target. Goldman notes that REA “remains confident it can achieve double digit revenue/EBITDA growth through the cycle.”

The post Why Altium, Fortescue, PeopleIn, and REA shares are storming higher appeared first on The Motley Fool Australia.

More reading

• Why are the ASX 200 iron ore giants outperforming on Friday?
• ASX 200 midday update: Healius disappoints, BHP and Fortescue storm higher
• Why Nanosonics, REA, Sayona Mining, and Zip shares are dropping
• Is the Fortescue share price predicted to rise in June?
• Top brokers name 3 ASX shares to buy 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 Altium and Peoplein. The Motley Fool Australia has recommended Peoplein and REA Group 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 has been outperforming in 2022 and some experts are tipping it could go higher.

However, some are still wary of the previously embattled S&P/ASX 200 Index (ASX: XJO) travel giant.

At the time of writing, the Webjet share price is trading at $6.03. That’s 11% higher than it was at the start of 2022. In comparison, the ASX 200 has tumbled 4.5% in that time.

Could Webjet’s stock have another 25% left in the tank? Let’s take a look at what experts are tipping for the ASX travel stock.

Could the Webjet share price gain another 25%?

The Webjet share price has taken off in 2022. Additionally, the company returned to profitability in the second half of the financial year.

In fact, Webjet is expecting to reach pre-pandemic booking levels sometime between October 2022 and March 2023.

Does that mean the stock’s rise will soon stall? Well, that depends on who you ask.

Arguing for the bulls is Ord Minnett. The broker is tipping the Webjet share price to reach $7.48 – a whopping 24.45% higher.

It expects Webjet to win on the recovery of business travel, The Motley Fool Australia’s Tristan Harrison reported last month.

Morgans and Citi are also hopeful for Webjet’s future. They’ve slapped the stock with price targets of $6.55 and $6.75 respectively. Both brokers are impressed by Webjet’s market in the United States.

Morgans also likes the company’s lower post-COVID cost base and consolidated system.

On the other side of the argument, Macquarie analysts are tipping the Webjet share price to fall to $5.80.

QVG Capital‘s Josh Clark is also bearish on Webjet. The portfolio manager told Livewire the company’s enterprise value appears to have recovered from the pandemic despite continuing re-opening related risks and unknowns.

The post Could the current Webjet share price offer a 25% upside? appeared first on The Motley Fool Australia.

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• What’s boosting the Webjet share price 3% higher on Friday?
• Up 10% in 9 trading days, what’s going on with the Webjet share price?
• Is the Webjet share price an opportunity that can soar?

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