There are a lot of options for investors to choose from on the ASX.

So, to narrow things down, let’s see what analysts at Morgans are saying about the three popular ASX shares listed below.

Here’s how the broker rates these shares:

Boss Energy Ltd (ASX: BOE)

Morgans was disappointed with this uranium producer’s guidance for FY 2027, which revealed weaker than expected production and higher than expected costs.

In response to the update, the broker has downgraded Boss Energy shares to a sell rating with a $1.30 price target. It said:

Guidance rest and expectations move lower – FY27 guidance implies a ~15% production downgrade versus consensus even at the top end of the range, while C1 costs and AISC are ~15-18% above market expectations. While FY26 was broadly in line, FY27 guidance is likely to drive a reset in earnings expectations. 

Honeymoon new feasibility study – The updated feasibility study outlines a more achievable development pathway with improved unit economics and lower sustaining capital intensity; however, the 13.8Mlb production profile sits below the ~15.1Mlb assumed by consensus, shifting the debate towards whether improved margins can offset lower volumes. Following material downgrades to our forecasts, we move to a SELL (previously ACCUMULATE) with a reduced-price target of A$1.30ps (previously A$1.40ps).

Magellan Financial Group Ltd (ASX: MFG)

The broker was relatively pleased with Magellan’s performance in FY 2026. Although its profits were down year on year, they were above consensus estimates.

And while there are headwinds in FY 2027, Morgans remains positive on its medium term growth outlook. As a result, it has an accumulate rating and $10.25 price target on Magellan’s shares. It said:

MFG’s group operating profit after tax (A$145m) was down 9% on the pcp (A$159m) and 2% above consensus (A$142m). Guidance was the main factor weighing on the result, with management flagging numerous headwinds for FY27 – which shapes up as a consolidation year – alongside signs of a slowdown in Barrenjoey growth in 2H26 (despite otherwise impressive overall numbers). 

We downgrade our MFG FY27F/FY28F EPS by ~10-20%, reflecting disclosed guidance impacts to earnings and greater conservatism in our Barrenjoey growth forecasts. Our price target falls from A$11.26 to A$10.25. While MFG faces some near-term pressures, we continue to believe the company is well positioned to drive medium-term growth. With >10% upside to our price target, we maintain our ACCUMULATE call.

NextDC Ltd (ASX: NXT)

Finally, this data centre operator impressed with its FY 2026 results and guidance for FY 2027. 

However, Morgans hasn’t seen quite enough to recommend it as a buy. So, for now, the broker has moved to a hold rating with a $15.00 price target. It explains:

NXT’s FY26 and FY27 outlook were both above expectations. Customer demand remains insatiable and NXT is on a glide path to materially higher EBITDA. We lift our EBITDA forecasts materially on a faster ramp-up of contracted MW. 

We see the value creation from substantial FY26 deals but cannot avoid the investment markets reasonable fixation on the funding envelop. We think, until NXT delivers more steps along the path to a capital recycling program, the stock could lack marginal buyers. We move to a Hold recommendation, for now.

The post Buy, hold, sell: Boss Energy, Magellan, and NextDC shares appeared first on The Motley Fool Australia.

More reading

• 5 ASX 200 shares with 33% to 61% upside post-results: experts
• Warren Buffett’s playbook: 3 cheap ASX shares that could soar up to 60%
• Would I buy NEXTDC shares after its strong FY26 results?
• 2 ASX data centre stocks rated a buy
• 9 ASX 200 shares with strengthened buy ratings this week

Motley Fool contributor James Mickleboro has positions in Nextdc. 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.

ASX airline shares like Qantas Airways Ltd (ASX: QAN) are a popular choice for income-seeking investors.

The company is a household name operating in a resilient market. The airline has also returned to paying meaningful, fully franked dividends this year, after it suspended payments during COVID-19.

If Qantas’ earnings continue growing and its share price appreciates, investors could potentially get a combination of both capital growth and franked dividends.

But what exactly would it entail to earn the passive income you want?

Let’s take a look at what it takes to earn $10,000 per year of passive income from Qantas shares.

What passive income does Qantas pay its shareholders?

First, we need to understand what dividends the airline giant pays its shareholders.

Qantas resumed its twice-yearly dividend payments in 2025 after a break between 2020 and 2024. The company historically pays its shareholders an interim dividend in April and a final one in October, sometimes with an additional special dividend.

The company paid a fully-franked interim dividend of 19.8 cents per share in April.

Last week, as part of its FY26 results announcement, the airline declared a fully franked final dividend of 19.8 cents per share, to be paid to shareholders in October.

That comes to a total FY26 dividend of 39.6 cents per security.

At the time of writing, this translates to a dividend yield of around 4.2% for FY26. 

In FY27, Qantas is forecast to pay an annual dividend per share of 44.8 cents per security. At the time of writing, that translates into a grossed-up dividend yield of 4.8%, including franking credits.

How many Qantas shares do I need to generate $10,000 of passive income every year?

Using the FY26 total dividend payment of 39.6 cents per share, investors would need to own around 25,253 shares in order to earn around $10,000 of passive income.

Assuming the 44.8 cent per share dividend forecast for FY27 is correct, investors would need to buy around 22,322 shares to earn the same annual passive income.

How much would that cost?

At the time of writing, Qantas shares are trading for $9.42 a piece. 

That means, in order to buy the 25,253 shares needed for $10,000 of annual passive income in FY26, you would need to invest roughly $238,000.

For the 22,322 shares needed for the same income in FY27, investors would need to invest around $211,000.

It’s not a small sum, but it could be worth it in the long run.

And remember, you don’t need to invest the entire amount in one go. Start off small and enjoy the benefit of compound growth.

What do the experts expect next from Qantas shares?

Market experts are incredibly bullish on Qantas shares over the next 12 months, with many forecasting significant upside.

TradingView data shows the majority (14 out of 15) have a buy/strong buy rating on the airline shares.

The $11.72 average target price implies a potential 24% upside over the next 12 months, at the time of writing. Even the minimum $10.40 target price implies the shares could jump another 10%.

The post How many Qantas shares do I need to buy for $10,000 per year of passive income? appeared first on The Motley Fool Australia.

More reading

• 2 ASX shares highly recommended to buy: Experts
• 5 ASX 200 shares with 33% to 61% upside post-results: experts
• Would I buy Qantas shares today?
• 9 ASX 200 shares with strengthened buy ratings this week
• Here are the top 10 ASX 200 shares today

Motley Fool contributor Samantha Menzies has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

On Monday, the S&P/ASX 200 Index (ASX: XJO) started the week with a small decline. The benchmark index fell 0.2% to 9,076 points.

Will the market be able to bounce back from this on Tuesday? Here are five things to watch:

ASX 200 to fall again

The Australian share market looks set for a weak session on Tuesday following a poor night on Wall Street. According to the latest SPI futures, the ASX 200 is expected to open the day 23 points or 0.25% lower. In the United States, the Dow Jones dropped 0.7%, the S&P 500 fell 0.35%, and the Nasdaq edged 0.1% lower.

Shares going ex-dividend

A number of popular ASX 200 shares will be going ex-dividend on Tuesday and could trade lower. This includes Bendigo and Adelaide Bank Ltd (ASX: BEN), Endeavour Group Ltd (ASX: EDV), Fortescue Ltd (ASX: FMG), Wesfarmers Ltd (ASX: WES), and Woolworths Group Ltd (ASX: WOW). The latter will be rewarding shareholders with a fully franked 52 cents per share dividend later this month on 25 September.

Oil prices jump

ASX 200 energy shares Beach Energy Ltd (ASX: BPT) and Santos Ltd (ASX: STO) could have a good session on Tuesday after oil prices jumped overnight. According to Bloomberg, the WTI crude oil price is up 3.5% to US$86.33 a barrel and the Brent crude oil price is up 3% to US$90.74 a barrel. This was driven by a flare-up in US-Iran hostilities.

Gold price falls

ASX 200 gold shares Genesis Minerals Ltd (ASX: GMD) and Capricorn Metals Ltd (ASX: CMM) could have a soft session after the gold price fell overnight. According to CNBC, the gold futures price is down 0.75% to US$4,496.5 an ounce. The precious metal pulled back to a two-week low on increasing US rate hike bets.

Buy Liontown shares

Liontown Ltd (ASX: LTR) shares could be in the buy zone according to analysts at Bell Potter. This morning, the broker retained its buy rating and $1.90 price target on the lithium miner’s shares. It said: “We still believe that LTR’s EV is lagging the recent recovery in lithium markets and expected tight fundamentals. The last time LTR was trading at its current EV (early December 2025), SC6 prices were US$1,150/t and net debt was $274m. Since then, the Kathleen Valley underground ramp-up has been further derisked and spot SC6 prices are above US$2,300/t. While we expect lithium markets will be volatile, market fundamentals remain strong.”

The post 5 things to watch on the ASX 200 on Tuesday appeared first on The Motley Fool Australia.

More reading

• 3 top ASX dividend shares to target in September 
• How much superannuation do I need to earn $90,000 per year in passive income?
• Here are the top 10 ASX 200 shares today
• Why the ASX 200 is struggling today despite a bank share rally
• Chasing dividends? 11 ASX shares in top-paying sectors going ex-dividend this week

Motley Fool contributor James Mickleboro has positions in Endeavour Group and Woolworths Group. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Wesfarmers. The Motley Fool Australia has positions in and has recommended Bendigo And Adelaide Bank. The Motley Fool Australia has recommended Wesfarmers. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.