Elon Musk may have just inked one of the biggest leveraged buyout deals ever.

Musk is the world’s richest person, worth north of US$269 billion according to Forbes. And now he’s poised to buy Twitter (NYSE: TWTR) for US$44 billion (AU$60 billion).

The CEO of Tesla Motors (NASDAQ: TSLA) is taking the social networking platform private. This comes after airing complaints about Twitter hampering free speech and other issues dragging on the company’s growth potential.

Twitter shares gained 5.6% on Monday.

What Elon Musk is offering Twitter investors

In a deal that many thought might not be realised, Twitter investors will get US$54.20 per share, the company said in a statement yesterday (overnight Aussie time).

That’s well above the US$47.25 that Twitter shares were trading for this time last week, and also 4.8% higher than the current Twitter share price of US$51.70.

Though some investors may be eyeing the company’s all-time closing highs of US$77.06 set on 26 February 2021 and wondering if Elon Musk might not be getting a steal.

According to the agreement, Twitter cannot accept counterbids from other potentially interested parties.

A word from Twitter’s soon to be owner

Elon Musk not only is set to take ownership of Twitter, he already has one of the network’s most followed accounts. With more than 81 million followers, Musk comes in at number 8.

As The Motley Fool reported last week, Musk had earlier declined a board seat at Twitter, countering with a takeover proposal.

Commenting on his free speech ambitions for Twitter, Musk said (quoted by Bloomberg):

Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated. Twitter has tremendous potential – I look forward to working with the company and the community of users to unlock it.

The acquisition deal proposed by Elon Musk was unanimously approved by Twitter’s board. It’s expected to be finalised this year.

Under the deal, Musk is kicking in US$21 billion in equity alongside US$25.5 billion of debt and margin loan financing.

Why Tesla shareholders will be watching Elon Musk closely

Even for the world’s richest man, the acquisition of Twitter is no small thing. And it may have implications on Musk’s other ventures.

Commenting on the potential ramifications of the mega deal, Ben Laidler, global markets strategist at social investment network eToro, said:

Such a quick capitulation by the Twitter board for a US$54 per share bid, 30% below the stock’s price high of last year, likely reflects the tough outlook for the social media sector and the only gradual turnaround impact of Twitter CEO Parag Agrawal.

A successful Twitter bid may also raise concerns for Tesla shareholders with Elon Musk, its CEO, becoming involved in yet another time-consuming venture and potentially selling down part of his 9.1% stake, which is valued at over US$90 billion.

The post Elon Musk buys Twitter in $60 billion mega deal appeared first on The Motley Fool Australia.

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The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Tesla and Twitter. 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 Bruce Jackson.

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The Pushpay Holdings Ltd (ASX: PPH) share price is hot property on Tuesday. This follows the company revealing it has received expressions of interest for its acquisition.

At the time of writing, shares in the donor management and church services company are up 23.44% to $1.185. However, Pushpay shares on the ASX are still down almost 30% over the last year amid a sustained selloff in tech stocks.

What’s going on with the Pushpay share price?

As a new week kicks off on the ASX, it looks like Pushpay shares are starting out on a positive note. The latest announcement has enticed the market to take another look at the embattled tech company.

According to the update, Pushpay has been on the receiving end of unsolicited, non-binding, and conditional expressions of interest. Additionally, the filing states these approaches are from third parties seeking to acquire the church software provider.

In response, Pushpay has appointed investment bank Goldman Sachs to assist with the facilitation. However, the company made it clear that the interest has no certainty of producing a final transaction.

What else?

Another dose of news potentially exciting the Pushpay share price this morning is the reaffirmation of the company’s full-year guidance. This concerns the full year ending on 31 March 2022.

As stated in the update, Pushpay is still expecting the previously guided range for underlying EBITDAFI of US$61.5 million to US$63.5 million. Furthermore, when the costs involved with its Catholic initiative are removed, underlying EBITDAFI is expected to be US$63.5 million to US$65.5 million.

The Pushpay share price is still around 2% below where it was coming into 2022.

The post Pushpay share price soars 23% following takeover approach appeared first on The Motley Fool Australia.

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Motley Fool contributor Mitchell Lawler has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended PUSHPAY FPO NZX. The Motley Fool Australia owns and has recommended PUSHPAY FPO NZX. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Rio Tinto Limited (ASX: RIO) is one of the largest dividend payers on the ASX. But how big is the dividend going to be in FY22? It seems some analysts think the dividend yield is going to be very large indeed.

The ASX miner produces a significant amount of iron ore each year. With the iron ore price currently sitting at approximately US$150 per tonne, the company is projected to continue to generate elevated levels of profit, cash flow, and dividends.

Analysts have had their latest say on the business after Rio Tinto’s quarterly update.

First-quarter production

Rio Tinto reported that its Pilbara iron ore production of 71.7mt in the three months to 31 March 2022 was down 8% compared to the first quarter of 2021 and down 15% compared to the fourth quarter of 2021.

Compared to the fourth quarter of 2021, bauxite production was up 4%, aluminium production was down 3%, and mined copper production was down 5%.

The company said that its Pilbara operations had a challenging first quarter because mine depletion was not offset by mine replacement projects. This was attributed to the delayed commissioning of Gudai-Darri mine although the first ore there is still forecast for the second quarter of 2022.

There have also been ongoing commissioning challenges at the Mesa A wet plant, which is still impacting the production ramp-up at Robe Valley.

The ASX mining share also said that COVID-19 constraints impacted labour supply as it experienced increased cases in the Pilbara after the WA border reopening in March.

In terms of the iron ore price, it rose 33% over the quarter. Rio Tinto reported:

[S]upply concerns due to the war in Ukraine has outweighed muted demand growth and a crackdown on speculative trading behaviour in China. China’s economy is getting a boost with infrastructure spending, but COVID-19 lockdowns pose downside risks to near-term construction activity.

How big is the Rio Tinto FY22 dividend going to be?

Citi, which rates Rio Tinto as a buy with a price target of $135, thinks the FY22 dividend the company is going to pay could translate into a grossed-up dividend yield of 17.8%, thanks to the elevated iron ore price.

There are plenty of other analysts that also think that Rio Tinto is going to pay a large dividend in FY22.

Macquarie also rates Rio Tinto as a buy, with a price target of $140. The broker thinks that the ASX mining share is going to pay a grossed-up dividend yield of 16% in FY22 with the strong iron ore price expected to help in the shorter term.

Credit Suisse is another broker that rates Rio Tinto as a buy, with a price target of $138. The broker has projected that Rio Tinto is going to pay a grossed-up dividend yield of 13%.

Rio Tinto share price snapshot

Despite the volatility, since the start of 2022, the Rio Tinto share price has risen around 9%.

The company has a current market capitalisation of just over $40 billion.

The post Can Rio Tinto shares really pay a dividend yield of 18% in FY22? appeared first on The Motley Fool Australia.

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• Is the Rio Tinto share price in the buy zone after its quarterly update?

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 no position in any of the stocks mentioned. The Motley Fool Australia has recommended Macquarie Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Investors have been eagerly waiting for a turnaround for the A2 Milk Company Ltd (ASX: A2M) share price.

The embattled company’s shares have lost more than 75% since reaching an all-time high of $20.05 in June 2021.

At the time of writing, A2 Milk shares are trading 0.44%% lower to $4.56 apiece.

Why is the A2 Milk share price falling?

The COVID-19 pandemic has caused the infant formula company to face supply chain issues and margin pressure from increasing competition.

In addition to the cross-border trade issues, weakened growth in China has driven the A2 Milk share price to fall.

Management noted the challenging market conditions in its first half results, which included lower birth rate numbers recorded in China.

With a rapidly changing market landscape, A2 Milk has been forced to adapt.

Increasing brand investment to drive consumer demand along with other strategic growth priorities is paramount to A2 Milk.

As such, implementation is currently underway, with the company advising “good early progress across a range of initiatives”.

Furthermore, A2 Milk is expanding in new markets such as Malaysia, Singapore and Vietnam. This is on top of building its revenue base in New Zealand and the United States.

For the second half of FY22, A2 Milk expects to deliver revenue growth.

According to Catapult Wealth financial adviser Tim Haselum, this could lead to a recovery in 2023 and beyond.

Does the current share price represent good value?

A number of brokers believe that the A2 Milk share price is currently trading at a bargain price.

Following the company’s half-year financial scorecard, Macquarie analysts raised its 12-month price target by 7.7% to $5.60. Based on current share price, this implies an upside of 22% for investors.

On the other hand, the team at Citi lowered its outlook on the company’s shares by 1.8% to $7.02. While the broker reduced its assessment on A2 Milk, it still sees value in the fresh milk and infant formula company. The price target represents a potential upside of 54% from where it trades today.

The post Despite continuing woes in China, here’s what to like about A2 Milk shares appeared first on The Motley Fool Australia.

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Motley Fool contributor Aaron Teboneras owns A2 Milk. 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 A2 Milk. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Brickworks Limited (ASX: BKW) share price has been falling since the end of March. Given the decline, there could be some good reasons to consider the business.

Brickworks may be best known for being an Australian building products company but there are other divisions within the business to consider Brickworks for the long term.

Here are four reasons why the Brickworks could be attractive, beyond simply being cheaper:

Industrial property trust

One of the company’s divisions that is growing rapidly for Brickworks scaling is its industrial property trust.

This is a 50:50 partnership between Brickworks and Goodman Group (ASX: GMG). The trust builds industrial properties on excess land that Brickworks no longer needs. The land is sold into the trust.

Brickworks and Goodman both talk of elevated demand for logistics and e-commerce properties which are helping rental growth and valuations.

Brickworks’ share of the trust went up 38% in the first half of FY22 to $1.26 billion, thanks to valuation gains and some projects being completed.

But the trust has a long pipeline of land. It said there is a total of 221,100 square metres of lease pre-commitments already secured across the property trust. In addition, a further 176,400 square metres is available for development at existing estates.

Based on current demand, Brickworks expects its estates to be fully built out within three years. Brickworks said that will result in additional gross rent of around $60 million and leased asset value of $1.5 billion, taking total leased assets to around $4.5 billion.

Operational property trust

Another initiative by management to generate value for shareholders was announced in the HY22 result, which could be a boost for the Brickworks share price.

We have just looked at what Brickworks does with excess land – it’s sold into the industrial property trust. But there’s an extra plan – sell operational manufacturing properties into a different trust.

This will allow Brickworks to ‘realise’ the value of the land in its Australian building products segment.

Brickworks said that 15 properties have been identified for inclusion in the first stage, with a total gross value of around $415 million.

Brickworks said it expects the sale and leaseback of these manufacturing sites will deliver gross cash proceeds of around $200 million and an estimated pre-tax profit of between $260 million to $280 million after the valuation uplift.

After the initial stage, additional properties with a similar value are earmarked for inclusion in the operational property trust in the coming years.

In the long term, these properties can then be turned into industrial property locations.

Investments segment

Brickworks owns a significant amount of Washington H. Soul Pattinson and Co Ltd (ASX: SOL) shares.

Soul Pattinson is an investment house that is invested in a variety of different sectors including telecommunications, resources, agriculture, building products, swimming schools, financial services, and more.

Brickworks says that the ASX share has provided growing dividends and rising earnings for the long term.

US building products

Brickworks isn’t just an Australian business. It also has a growing presence in the US after making a few acquisitions such as Glen Gary, which could help the Brickworks share price for the long term.

The ASX share is looking to make its US operations more efficient and profitable.

The US is a much larger market than Australia, giving the company a long growth runway to work with.

Brickworks also said that there are “property opportunities” emerging in North America, with “strong market interest” for some operational and surplus land assets. It’s considering outright sales, sale and leaseback, and joint venture property development opportunities.

The post 4 reasons it could be time to look at the Brickworks share price appeared first on The Motley Fool Australia.

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Motley Fool contributor Tristan Harrison owns Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Brickworks and Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia owns and has recommended Brickworks and Washington H. Soul Pattinson and Company Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The BHP Group Ltd (ASX: BHP) share price is having a very poor start to the week.

In morning trade, the mining giant’s shares have dropped 6% to $45.52.

This appears to have been driven by weakness across a range of commodity prices following weak data out of China.

Is the BHP share price weakness a buying opportunity?

One leading broker that is likely to see the weakness in the BHP share price as a buying opportunity is Morgans.

Late last week the broker retained its add rating and lifted its price target on the Big Australian’s shares to $54.30.

Based on the current BHP share price, this implies potential upside of 19% for investors. And that’s before the big dividends the broker is forecasting in the coming years.

For example, in FY 2022 and FY 2023, Morgans has pencilled in yields of 8.5% and 6.5%, respectively.

What did the broker say?

While Morgans wasn’t overly impressed with BHP’s quarterly update, it saw enough to remain bullish.

The broker said: “Nearly two years into the pandemic, but this was undoubtedly the worst COVID quarter for BHP. WAIO and Nickel West were impacted by WA’s first COVID wave, while the already struggling Escondida workforce was hit by Omicron. While not immune to COVID and inflationary pressures, BHP’s position as the lowest cost iron ore miner positions its flagship WAIO business to sustain its earnings strength (also helped by the lack of development activity in the Pilbara).”

“We have updated our forecasts for guidance changes and the 3Q22 result, and rolled our model forward. We have also lifted the lump proportion in sales and slightly trimmed inflation assumptions on WAIO unit costs to keep within guidance.”

The post BHP share price sinks 6%: Is this a buying opportunity? appeared first on The Motley Fool Australia.

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The Washington H. Soul Pattinson and Co. Ltd (ASX: SOL) share price has dropped by over 10% since the start of 2022.

But, since mid-March, the Soul Pattinson share price has risen by 8%.

Is it still an opportunity, or has it recovered too much to be good value?

What does this ASX share do?

Soul Pattinson is an investment house that owns a diversified portfolio across different sectors, with some ASX shares being significant holdings within the business.

It is invested in sectors like telecommunications, building products, property, resources, agriculture and financial services.

In terms of the biggest ASX shareholdings, these are some of the biggest positions: Brickworks Limited (ASX: BKW), TPG Telecom Ltd (ASX: TPG), New Hope Corporation Limited (ASX: NHC), Macquarie Group Ltd (ASX: MQG), Commonwealth Bank of Australia (ASX: CBA), BHP Group Ltd (ASX: BHP), Tuas Ltd (ASX: TUA), Wesfarmers Ltd (ASX: WES), CSL Limited (ASX: CSL) and Pengana Capital Group Ltd (ASX: PCG).

What has happened to the Soul Pattinson share price?

There has been a lot of volatility in the ASX share market since the start of the year. There has been an increasing focus on strong inflation and the possible interest rate rises to deal with that. There is also the ongoing Russian invasion of Ukraine.

However, one of Soul Pattinson’s main holdings called New Hope Corporation, a coal miner, has seen its share price rise by 43% this year amid a strong environment for coal prices.

The investment house recently announced its FY22 half-year result. The group’s regular net profit after tax was up 281% to $343.7 million thanks to increased commodity prices, property profits in Brickworks and higher dividend income after the Milton merger.

HY22 net cash flow from investments increased 114% to $182.6 million, while cash flow per share increased by 42% year on year.

The company’s portfolio value was $9 billion at the end of the first half of FY22, while the fully franked interim dividend was increased by 11.5% to 29 cents per share. That was the 24^th consecutive increase in interim dividends.

Is the Soul Pattinson share price a buy?

Morgans rates it as a buy. The broker’s price target on Soul Pattinson is $30.60. That implies a potential rise of the Soul Pattinson share price of more than 10%, plus the dividends.

Soul Pattinson boasts that an investment in the company over the last 20 years has increased over ten times. The annualised total shareholder return over the last two decades has been an average of 13% per annum. However, past performance is not a guarantee of future results.

The company’s investment philosophy is to be diversified, unconstrained, long-term and provide capital protection.

The unconstrained part of the strategy allows the company to “invest in and support companies from an early stage and grow with them over the long-term.”

How does Soul Pattinson achieve capital protection? The company says its portfolio of assets generate “reliable cash(flow) through market cycles which serves to protect downside in market corrections.”

At the current Soul Pattinson share price, it has a trailing grossed-up dividend yield of 3.4%.

The post Is the Soul Pattinson share price a buy after falling over 10% in 2022? appeared first on The Motley Fool Australia.

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• Why has the Washington H. Soul Pattinson share price leapt 13% in 3 weeks?

Motley Fool contributor Tristan Harrison owns Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Brickworks, CSL Ltd., and Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia owns and has recommended Brickworks, Washington H. Soul Pattinson and Company Limited, and Wesfarmers Limited. The Motley Fool Australia has recommended Macquarie Group Limited and TPG Telecom Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Bendigo and Adelaide Bank Ltd (ASX: BEN) has one of the best dividend yields going around on the ASX.

The regional bank offers an attractive dividend yield of 5.03% which is higher than most of the major banks.

In contrast, Commonwealth Bank of Australia (ASX: CBA) has a dividend yield of 3.56%, while National Australia Bank Ltd. (ASX: NAB) stands at 3.82%.

However, with the first half of FY22 already wrapped up, it’s time to look towards August’s earnings season.

The Bendigo Bank dividend in a nutshell

In the first half of FY22, Bendigo Bank paid an interim dividend of 26.5 cents per share. That reflected an increase of 12.8% compared to the H1 FY21 dividend.

This came off the back of stronger cash earnings of $260.7 million in the first six months of FY22. The result was 19% higher than the prior corresponding period.

The H1 FY22 payout ratio stood at 57%, which is below the target range of 60% to 80% of cash earnings. However, management noted that it expects this to be in the low end of the range for the full year. This means there should be a slightly higher payout ratio for the second half.

So, what about the FY22 dividend?

According to Goldman Sachs, the broker is anticipating Bendigo Bank to maintain a final dividend of 26.5 cents per share.

It said that Bendigo Bank faces continued margin pressure with headwinds expected to moderate by end of the second half.

Nonetheless, despite near term revenue challenges, management is firmly fixed on a continued improvement in cost-to-income ratio. This financial metric came to 59.3% for the H1 FY22 period, slightly below the 60.9% reported year-on-year.

Bendigo Bank also registered a bad debt benefit of A$17.8 million, which accounted for 5 basis points of total loans.

Looking further afield, Goldman Sachs analysts are forecasting the company to pay a full year dividend of 54 cents in FY23. While this is similar to FY22’s 53 cents, the dividend is expected to amplify to 70 cents in FY24. This translates to grossed-up dividend yields of 5.6% and 7.2%, respectively.

The post How big will the Bendigo Bank dividend be in 2022? appeared first on The Motley Fool Australia.

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• How has the Bendigo Bank share price outperformed its ASX peers by 10% in 2022?

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 owns and has recommended Bendigo and Adelaide Bank Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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So, it wasn’t a great past week for ASX 200 mining stocks. The S&P/ASX 200 Resources Index (ASX: XJR) finished the week down 5.36% and the S&P/ASX 200 Materials Index (ASX: XMJ) was also down 5.38%. Meantime, the S&P/ASX 200 Index (ASX: XJO) faltered just 0.68% to finish trading last week at 7,473 points.

But for a couple of mining giants, the week was worse. Let’s take a look.

BHP Group Ltd (ASX: BHP)

The BHP share price tanked 7.13% last week to finish trading at $48.49 on Friday. On Thursday, the Big Australian released its March quarterly activities report. It noted that coronavirus-related labour disruptions weighed on many of its operations. BHP management reaffirmed the FY22 production guidance for iron ore, metallurgical coal, and energy coal but lowered it for copper and nickel.

Broker Citi says BHP is a buy and has upped its share price target to $56. As my Fool colleague James wrote earlier today: “While the broker concedes that BHP and its peers have underwhelmed during the March quarter, it thinks investors should overlook this due to the significant cash flow the company is generating thanks to sky high commodity prices.”

Rio Tinto Limited (ASX: RIO)

The Rio Tinto share price has fallen 6.8% in the past week to finish trading on Friday at $113.60. The mining giant also released a quarterly update last week that appeared to disappoint ASX investors. It reported production declines but Rio management says things will improve and reiterated its full-year production and cost guidance.

Citi likes Rio Tinto shares and rates them a buy with a $135 price target. As my Fool colleague Aaron reported last week, Goldman Sachs reckons Rio Tinto will pay the biggest dividend among the top three miners in 2022. The broker projects dividends of US$9.30 in FY22 and US$8.90 in FY23.

Fortescue Metals Group Limited (ASX: FMG)

The Fortescue share price did better than BHP and Rio last week. It fell by 1.58% over the past week to finish trading at $21.22 on Friday.

As my Fool friend Aaron wrote last week, two brokers price Fortescue shares at $16 but this represents an upgrade by one of them and a downgrade by the other. A recent broker note from RBC Capital Markets raised its rating on Fortescue shares by 6.7% to $16, while Citi slashed its outlook by 5.9% to $16.

This implies a potential downside of 24.5%.

The post ASX 200 mining stocks just ended a dire week of trade. What’s next? appeared first on The Motley Fool Australia.

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• How much were Fortescue shares when they first listed on the ASX?
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• Why BHP, Megaport, OZ Minerals, and Zip shares are dropping

Citigroup is an advertising partner of The Ascent, a Motley Fool company. Motley Fool contributor Bronwyn Allen owns BHP Billiton Limited and Fortescue Metals Group Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns 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 Bruce Jackson.

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Looking for some growth shares to buy? Then take a look at the three listed below that are rated as buys with major upside potential.

Here’s what you need to know about these growth shares:

Life360 Inc (ASX: 360)

The first ASX growth share to look at is Life360. It is the company behind the hugely popular Life360 app, which is the world’s leading real time, location-sharing app used by families across the world to stay safe and communicate. At the last count, there were almost 34 million monthly active users on its platform. This is generating significant recurring revenue and creates material cross-selling and upselling opportunities for the company.

Bell Potter is bullish on Life360 and believes recent share price weakness is a buying opportunity. It currently has a buy rating and $10.00 price target on its shares. This suggests that its shares could almost double in value from current levels.

ResMed Inc. (ASX: RMD)

Another growth share to look at is ResMed. It is a medical device company with a focus on the sleep treatment market. ResMed has been growing at a strong rate for over a decade and has been tipped to continue this positive form over the long term. This is thanks to its industry-leading products and massive market opportunity. In respect to the latter, management estimates that there are ~1 billion people impacted by sleep apnoea worldwide, with just ~20% already diagnosed.

Morgans is a fan of ResMed and has an add rating and $40.46 price target on its shares. This implies potential upside of 25% for investors.

Temple & Webster Group Ltd (ASX: TPW)

A final ASX growth share to look at is this online furniture and homewares retailer. Its shares have been hit hard this year amid weakness in the tech sector and particularly the online shopping category. While this is disappointing, it could have created a buying opportunity for long term focused investors.

Goldman Sachs has a buy rating and $12.65 price target, which implies over 100% upside. The broker likes Temple & Webster due to its “early lead in the home furniture category which is still in the early stages of online penetration.”

The post 3 fantastic ASX growth shares with major upside potential appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro owns Life360, Inc. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Life360, Inc. and Temple & Webster Group Ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended ResMed. The Motley Fool Australia has recommended ResMed Inc. and Temple & Webster Group Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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