It’s a big day for ASX mining shares across the board, with the resources and materials sectors leading the broader market.

But these 3 ASX-listed miners are besting most on Tuesday, each recording gains of more than 18%.

Right now, the All Ordinaries Index (ASX: XAO) is up 0.54% while the S&P/ASX 200 Index (ASX: XJO) has gained 0.5%.

Meanwhile, the S&P/ASX 200 Resources Index (ASX: XJR) has lifted 1.28% and the S&P/ASX 200 Materials Index (ASX: XMJ) is up 1.2%.

So, without further ado, let’s take a look at today’s outperformers and what’s boosted their share prices to outrageous heights.

3 ASX mining shares recording massive gains on Tuesday

Syrah Resources Ltd (ASX: SYR) – surged 22%

The Syrah Resources share price lifted 22.29% to its intraday high of $1.92 on Tuesday.

Its gain followed news that the company has received a US$107 million loan agreement from the United States’ Department of Energy.

It will use the funding to expand its Louisiana-based Vidalia active anode material facility.

At the time of writing, the Syrah Resources share price is $1.77, 12.74% higher than its previous close.

Though, that’s still 8% lower than it was at the start of 2022.

Lefroy Exploration Ltd (ASX: LEX) – launched 33%

The Lefroy Exploration share price also took off earlier this morning, surging 33.33% to trade at 44 cents at its highest point.

Its gains came after the company announced an “impressive” copper and gold intersection identified at the Lefroy Gold Project’s Burns prospect.

The finding has helped solidify the company’s certainty that Burns houses a high-grade gold-copper zone within a broader gold, copper, silver, and molybdenum system.

It has scheduled a drill hole of at least 1,000 metres to begin in May. The hole will test the down plunge position of the zone, as well as the broader system.

At the time of writing, the Lefroy share price is 39 cents, 18.18% higher than its previous close.

That brings the ASX mining share’s gains for the year so far to 25.8%.

Anax Metals Ltd (ASX: ANX) – rocketed 18%

Finally, the Anax Metals share price launched to 13 cents at its highest point of the day, 18.18% higher than its previous close.

Interestingly, there’s been no news from the mineral developer today. However, last week it announced a “spectacular” copper and zinc find at the Whim Creek Project.

Right now, shares in the ASX mining company are trading at 12.5 cents. That represents a 13.64% increase.

The company’s stock has also gained 56% since the start of 2022.  

The post 3 ASX mining shares booming by 18% or more today appeared first on The Motley Fool Australia.

More reading

• ASX 200 midday update: AMP asset sale talks, Syrah rockets
• Syrah Resources share price booms 19% amid show of US support
• Massive copper and zinc discovery sends this ASX mining share soaring 44%

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 Bruce Jackson.

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The Camplify Holdings Ltd (ASX: CHL) share price is charging higher on Tuesday following the company’s latest announcement.

Investors are licking their lips after the peer-to-peer recreational vehicle hiring platform shared its third-quarter activities report for FY22.

At the time of writing, Camplify shares are attracting a $2.75 price tag, up 14.11% from their previous close. Earlier, they were as high as $2.85, an 18% gain.

Let’s inspect the news behind today’s colossal price action.

Another quarter of growth for Camplify

As COVID-19 restrictions continue to ease around the world, people are getting back on the road to scratch their travel itch. For Camplify, this has meant another quarter of solid growth across the business in Q3 FY22.

Some key metrics encompassing the robust performance during the three-month period include:

• Gross transaction volume (GTV) up 69.5% year on year to $13.03 million
• Revenue reaches $4.11 million during the quarter, up 110.5% year on year
• Take rate hits 29.4%
• The United Kingdom and Spain record significant GTV growth of 964% and 428% respectively
• Marketplace customers clicked over to 23,832

Unsurprisingly, the market is reacting positively to the news, with the Camplify share price rising today.

In addition, there were notable developments for Camplify during the quarter on the acquisition front. During the quarter, the New Zealand Commerce Commission gave the thumbs up to the ASX-listed company acquiring Mighway and SHAREaCAMPER.

What’s the financial position of this ASX-listed small-cap?

Despite achieving $9.43 million in cash receipts from customers during the quarter, Camplify remains cash flow negative operationally. At the end of March, the company had burned through $2.03 million in cash to finish with $17.254 million in Q3.

At this cash burn rate, ASX-listed Camplify currently has around eight quarters (or two years) before further capital would be needed to sustain operations.

Camplify share price goes on an adventure

While travellers might be getting back on the road, the Camplify share price is still not in the good books of investors in 2022.

Since the beginning of the year, shares in the rental marketplace have taken a 34% dive. This is even after the massive 33% upswing witnessed in the Camplify share price since 11 April. For comparison, the S&P/ASX 200 Index (ASX: XJO) is only down 0.35% over the same time frame.

The post This just sent the Camplify share price rocketing 14% higher appeared first on The Motley Fool Australia.

More reading

• 3 ASX mining shares booming by 18% or more today
• Where will Meta Platforms be in 5 years?
• What’s boosting the BHP share price today?
• Qantas share price slides following Easter travel woes
• Here’s why the Praemium share price is surging 17%

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 Camplify Holdings Limited. 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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This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

Meta Platforms (NASDAQ: FB), the social media giant formerly known as Facebook, has been a divisive company ever since its public debut in 2012.

The bulls praised the robust growth of its advertising business and the expansion of its family of apps (Facebook, Messenger, Instagram, and WhatsApp) to reach billions of users worldwide. The bears claimed that its dependence on targeted ads was unsustainable and that its platforms facilitated the spread of hate speech, misinformation, and fake news that have hurt society.

The bears are currently winning. Meta’s stock price has tumbled nearly 40% since the beginning of the year, with most of that precipitous drop occurring following a messy fourth-quarter earnings report released in early February. This featured Facebook’s first sequential decline in daily active users and weaker-than-expected revenue guidance for the first quarter.

Meta pinned its troubles on Apple‘s (NASDAQ: AAPL) privacy update on iOS, which allowed its users to opt out of targeted ads, and competition from ByteDance‘s TikTok. To stay competitive, it said it would ramp up its spending on new short video content and pump more cash into its Reality Labs business, which already posted an operating loss of $10.2 billion in 2021.

That combination of slowing growth and rising expenses spooked the bulls, but Meta’s stock remains up more than 50% over the past five years. Will the stock rebound and hit fresh highs over the next five years?

High hopes for the metaverse

Facebook rebranded itself as Meta last year to emphasize its focus on the ‘metaverse‘ which blurs the lines between the physical and digital worlds, with its augmented reality (AR) and virtual reality (VR) devices.

Meta’s newest standalone VR headset, the Quest 2 headset, is currently the best-selling device of its kind in the world. IDC estimates that Meta shipped nearly nine million Quest 2 headsets in 2021, which accounted for 78% of the entire AR/VR headset market. Cristiano Amon, CEO of Meta’s chip supplier, Qualcomm (NASDAQ: QCOM), also estimated that the company had shipped about 10 million Quest 2 headsets as of last November.

Meta’s Horizon Worlds, the VR playground that lets Quest’s users interact with each other, reportedly reached 300,000 monthly active users this February, representing a tenfold increase from last December. It also hosts about 10,000 virtual worlds. Those numbers are minuscule compared with the 3.59 billion people who use one of its four main apps each month, but it represents a firm foothold in the nascent metaverse market.

As for the AR market, Meta launched a pair of smart glasses called Ray-Ban Stories to allow users to easily capture photos and videos for their Facebook and Instagram stories. It plans to follow up that device with three increasingly advanced AR devices in 2024, 2026, and 2028. It will also continue to launch new Quest devices as its VR ecosystem expands.

Meta has already been monetizing that platform by taking a nearly 50% cut of every game, experience, and digital asset sold within its metaverse. Meta plans to keep selling cheap hardware devices to drive more users to that prisoner-taking platform, and that strategy could gradually reduce its dependence on its core advertising business.

Short videos and social shopping

During last’s quarter’s conference call, Meta CEO Mark Zuckerberg highlighted Reels, the TikTok-like short video feature it rolled out globally in February, as one of its “major investment priorities for 2022”.

Zuckerberg said Reels was the company’s “fastest-growing content format by far” and “already the biggest contributor to engagement growth on Instagram”. He noted it was also “growing very quickly” on Facebook.

Zuckerberg believes the expansion of Reels with aggressive investments will help it fend off TikTok in the short video space. But short videos are also tougher to monetize than longer videos and traditional ads, so Meta expects that expansion to throttle its near-term growth.

Meta will also continue to expand Facebook and Instagram as “social shopping” platforms with integrated e-commerce features. But this strategy faces two main challenges: Apple’s iOS update has made it tougher for merchants to target potential customers, and other social media platforms, such as Pinterest, are targeting the same market.

But with billions of users across the world, Meta can probably overcome these issues with new targeting methods (such as contextual ads and first-party data tracking) and partnerships with big merchants. If that happens, Meta might disrupt traditional e-commerce marketplaces over the next few years.

Plenty of other irons in the fire

Most investors are focused on Meta’s growth in the metaverse, short video, and social shopping markets, but it still has other irons in the fire. It’s already dabbling with new ways to monetize WhatsApp with digital payment features and community features for group discussions.

It ended 2021 with $48 billion in cash and marketable securities, so it could still make more acquisitions — so long as they don’t trip the antitrust alarms. A smart move would be to buy a major video game publisher to expand its metaverse platform and further reduce its dependence on target ads.

Meta might face some near-term problems, but I believe its stock will head higher over the next five years. If you agree, then its stock is simply too cheap to ignore right now at 17 times forward earnings.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

The post Where will Meta Platforms be in 5 years? appeared first on The Motley Fool Australia.

More reading

• Prediction: 5 billion people will be in the Metaverse by 2030
• Where will Meta Platforms be in 3 years?

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. Leo Sun owns Apple, Meta Platforms, and Qualcomm. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Apple, Meta Platforms, Inc., and Qualcomm. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended the following options: long March 2023 $120 calls on Apple and short March 2023 $130 calls on Apple. The Motley Fool Australia has recommended Apple and Meta Platforms, Inc. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

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Shares in BHP Group Ltd (ASX: BHP) are walking higher today and are now trading 1.3% in the green at $53.18 apiece.

Today’s jump takes the gains for the miner for the past six months to 36%. Meanwhile, the benchmark S&P/ASX 200 Index (ASX: XJO) has jumped just over 2.5%.

What’s up with the BHP share price?

There’s been nothing out of BHP’s camp today attributable to its share price gain. However, the S&P/ASX 200 Materials Index (ASX: XMJ) has jumped 11% in the past month, making it a leading sector.

In fact, BHP’s share price tends to track the materials index very closely, as shown on the chart below for the past six months.

With the materials index roaring higher in 2022, BHP is following suit in remarkably similar fashion.

So with a gain in the sector today, it’s not surprising to see a corresponding gain in the BHP’s share price.

Aside from that, shares of Australian iron ore miners are set to surge “after Chinese data showed the need for more stimulus to offset economic headwinds”, Bloomberg News reports today.

“China’s economy grew faster than expected in the first quarter, but activity data for March pointed to rising pressure as the country fights Covid outbreaks,” it said.

This could be a bullish sign as traders already begin to place wagers on the chance of more monetary stimulus coming out of China, it says.

Eight analysts are saying to buy BHP right now, with 13 at a hold and four saying to sell, according to Bloomberg data.

The consensus price target is $48.87 per share from this list.

In the past 12 months, the BHP share price has surged 12%. It has also gained 25% this year to date. That’s on the back of a 15% jump in the past month.

The post What’s boosting the BHP share price today? appeared first on The Motley Fool Australia.

More reading

• 2 ASX 200 dividend giants named as buys by brokers
• The BHP share price has had a stellar start to the year. Is it just the beginning?
• How ASX dividend shares can provide support through periods of uncertainty
• Own BHP shares? Here’s why the miner could be gearing up to offload more carbon-heavy projects
• Here are the top 10 ASX mining companies by market cap

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 Bruce Jackson.

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The Qantas Airways Limited (ASX: QAN) share price is currently down by 1.5% after having a difficult weekend of travel.

Qantas is Australia’s largest airline. But that also means it handles the greatest number of passengers.

What happened over the Easter weekend?

According to reporting by various media, including The Age, Qantas has been on the receiving end of “severe criticism” from customers as the airline faced significant delays and cancelled flights.

The Age reported there were:

Uncleared toilet tanks on planes and no worker immediately on hand to pump out the waste. Passengers claiming they were offered latex gloves to eat warm food after no cutlery was loaded onto the aircraft. Broken seats, lost luggage, two-hour, three-hour, four-hour delays.

Why did this happen?

It was reported that there weren’t enough captains or first officers for all of the flights. The airline was also reportedly short on crew.

Another problem for travellers was delays with ground security, which is the responsibility of the airports. Many security guards reportedly called in sick and a third of passengers were required to have their bags rechecked.

The Age reported that Qantas CEO Alan Joyce defended the delays, saying it was because of staff shortages due to COVID and “customers not being match fit for travel”.

In a media release, the Business Council of Australia said that the workforce in some airports was 40% lower than before COVID-19.

However, a former Qantas executive said that the airline simply wasn’t prepared for the holiday. The Age reported the unnamed executive’s comments:

Why were they not prepared? They knew they had sold well, they knew they had increased capacity. They should have had training in place for their staff who had not been working during the past two years. It’s a real shame.

In one way it’s fantastic that people want to travel again and demand is that high, but it’s also terrible to see these scenes at the airports caused by a lack of preparedness.

What next for the Qantas share price?

One of the latest opinions on Qantas shares comes from Ord Minnett. It currently rates the ASX share as a buy with a price target of $5.95. That implies a potential upside of around 10%. The broker appreciates the focus of the fleet renewal on planes that use less fuel.

The broker thinks that Qantas can return to profit in FY24 after a few years of disruption.

Ord Minnett’s projections suggest the Qantas share price is valued at 11x FY23’s estimated earnings. There is also a possibility of a return to shareholder payouts in FY23.

The post Qantas share price slides following Easter travel woes appeared first on The Motley Fool Australia.

More reading

• Here are the 5 best performing ASX travel shares of 2022 so far
• These were the best performing ASX 200 shares last week
• ASX 200 travel shares had a super day. What’s happening?
• Why Allkem, Domino’s, Qantas, and Uniti shares are racing higher
• Why is the Qantas share price flying 7% higher today?

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 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 Praemium Ltd (ASX: PPS) share price is taking off today on Tuesday following a positive update from the company.

At the time of writing, the investment platform provider’s shares are 16.94% higher to 72.5 cents.

Praemium continues ‘outstanding momentum’

Investors are bidding up the Praemium share price after the company reported its latest quarterly performance.

According to its release, Praemium advised it has attained key milestones to the prior comparative period (pcp).

For the 3 months ending in March, the company achieved quarterly net inflows of $725 million. This represents an 82% increase on the pcp ($398 million), but a fall of 42% on the previous quarter ($1,248 million).

The net platform inflows consisted of $446 million for the Australian platform and $279 million for the international platform.

In addition, total funds under administration (FUA) came to $47.7 billion. This reflected a 26% lift in the past 12 months underpinned by market-leading functionality in the key areas. For context, Praemium delivered a record-breaking quarter in December of $48.9 billion.

The Australia platform FUA grew to $20.7 billion, improving 23% on the prior comparable year. And the international platform FUA surged by $5.6 billion, up 28% over the same timeframe.

FUA for VMAAS stood at $21.4 billion, up 28% compared to the prior year. VMAAS is Praemium’s non-custodial Portfolio Administration and Reporting Service.

Praemium noted that the strong net platform inflows for the March quarter were offset by the FX impact. This relates to a higher Australian Dollar to Pound Sterling exchange rate and negative market movements on FUA.

What did management say?

Praemium CEO, Anthony Wamsteker touched on the robust result, saying:

We are delighted to report continued outstanding momentum this quarter…

This shows Praemium is delivering on our strategy to become one of Australia’s largest independent specialist platform providers.

…We anticipate this strong growth trajectory to continue, with a healthy sales pipeline translating to FUA and revenue growth for the remainder of the financial year.

We are pleased to have been rated as the top platform in three out of six categories in the latest Investment Trends Platform Report, categories that are arguably the most crucial to helping an adviser deliver their service efficiently and effectively.

Praemium share price summary

Despite today’s euphoric gains, the Praemium share price has lost almost 10% in the past 12 months.

When looking at year to date, its shares are down 50% in value.

Based on today’s price, Praemium commands a market capitalisation of roughly $373.24 million.

The post Here’s why the Praemium share price is surging 17% appeared first on The Motley Fool Australia.

More reading

• Lake Resources share price spikes 14% as lithium prices begin to ease
• Leading brokers name 3 ASX shares to buy today
• The Betmakers share price is surging 6% on Tuesday. Could this be why?
• Is there still hope for the A2 Milk share price in 2022?
• Amazon earnings: What to watch on April 28

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. owns and has recommended Praemium Limited. The Motley Fool Australia has recommended Praemium 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 Lake Resources NL (ASX: LKE) share price is soaring 13.93% today and is now trading at $2.29, having earlier hit an intraday high of $2.36.

Lithium carbonate prices have eased thanks to heightened production in China year-over-year and month-over-month in March, Trading Economics reports, but are still well up for the year.

“[C]arbonate prices surged 74% year-to-date, as rising energy prices strengthened the appeal to transition away from fossil fuels, adding to the booming demand for electric vehicles,” it says.

“After rising 157% to 3.2 million units in 2021, electric vehicle sales in China are expected to cross five million in 2022,” it adds.

With electric vehicles at the forefront of the lithium push, it doesn’t seem as if demand for the battery metal is set to slow either – even if prices recently fell.

Why is Lake Resources share price rising then?

While lithium prices recently crossed downward for the first time in over 12 months, the Lake Resources share price has been heading the other way.

It’s gained 141% in little over a month and is now up 127% this year to date. The most recent growth catalyst is Lake’s signing of an offtake agreement of up to 25,000 tonnes per annum (tpa) of lithium carbonate from the Kachi project in Argentina.

With that and other agreements in place, Lake hopes to achieve a production capacity of 100,000 tonnes of lithium by the year 2030.

Analyst Stuart Howe at Bell Potter was immediately impressed by the latest move and urged clients to buy on a speculative rating.

BP values the company at $2.83 apiece, noting that Lake has “strategic appeal” in a recent note to clients. The broker is joined by seven other analysts – 100% of coverage – advocating to buy right now, per Bloomberg data.

The consensus price target from this list is $2.47 apiece, offering a potential 8% upside if the analysts are correct.

In the last 12 months, the Lake Resources share price has spiked more than 600% and is now up 48% in the past month of trade, despite lithium prices easing off.

The post Lake Resources share price spikes 14% as lithium prices begin to ease appeared first on The Motley Fool Australia.

More reading

• Analysts name 3 top ASX lithium stocks to buy now
• 3 ASX lithium shares that rocketed between 10% and 24% today
• The Lake Resources share price has surged 56% in a month. What’s happening?
• Why is the Lake Resources share price powering down by 8% today?
• Lithium watch: Broker tips Lake Resources share price to rocket 42% higher

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 Bruce Jackson.

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With so many shares to choose from on the ASX, it can be hard to decide which ones to buy. The good news is that brokers across the country are doing a lot of the hard work for you.

Three top ASX shares leading brokers have named as buys this week are listed below. Here’s why they are bullish on them:

Allkem Ltd (ASX: AKE)

According to a note out of Citi, its analysts have retained their buy rating and $16.00 price target on this lithium miner’s shares. This follows the release of Allkem’s third quarter update, which was a touch softer than it expected. Nevertheless, with lithium prices expected to jump again during the fourth quarter, Citi remains very positive on Allkem’s outlook. The Allkem share price is trading at $13.51 today.

Bank of Queensland Limited (ASX: BOQ)

A note out of Morgans reveals that its analysts have retained their add rating and $11.00 price target on this regional bank’s shares. This follows the release of the bank’s first half results, which came in ahead of expectations thanks to one-offs. Looking ahead, the broker is positive on Bank of Queensland’s future and is expecting stronger returns on equity as cost efficiencies and synergies are realised from the ME Bank acquisition. The Bank of Queensland share price is fetching $7.95 on Tuesday afternoon.

TechnologyOne Ltd (ASX: TNE)

Analysts at Goldman Sachs have initiated coverage on this enterprise software company’s shares with a buy rating and $13.90 price target. Goldman expects TechnologyOne to meet its +A$500 million FY 2026 ARR target and even believes that the risks are skewed to the upside. It also expects the company to deliver on its target of expanding profit margins. It notes that both of these are not factored into consensus or market expectations. The TechnologyOne share price is trading at $11.00 today.

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

More reading

• Analysts name 3 top ASX lithium stocks to buy now
• Broker says Bank of Queensland share price is great value
• 5 things to watch on the ASX 200 on Tuesday
• Top brokers name 3 ASX shares to buy next week
• Are these 2 ASX tech shares buys in April?

Motley Fool contributor James Mickleboro owns Allkem Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Betmakers Technology Group Ltd (ASX: BET) share price is launching higher on Tuesday despite the company’s silence.

In fact, the market hasn’t heard word from the betting technology developer and distributor since February.

Still, the Betmakers share price is up 5.88% at the time of writing, trading at 63 cents.

Though, at its intraday high of 64.5 cents, the stock was boasting an 8.4% gain.

For context, the broader market is also up in the green today, though, not to the same extent.

Right now, the All Ordinaries Index (ASX: XAO) is up 0.6% while the S&P/ASX 200 Index (ASX: XJO) has gained 0.58%.

Let’s take a closer look at how Betmakers, and its peers, are performing on Tuesday.

What’s driving the BetMakers share price today?

The Betmakers share price is taking off on Tuesday, while many of its consumer discretionary peers struggle.

The S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ) is currently underperforming the broader market, gaining just 0.14%.

However, the betting technology company’s gain might be a continuation of last week’s rebound.

Over the first 12 days of April, Betmakers’ stock slumped 12.5%. Though, it managed to regain 7.1% over the course of Wednesday and Thursday last week. It’s still 3% lower than it was this time last month.

Additionally, Betmakers’ short position has improved ever so slightly. According to the latest data from ASIC, 12.5% of its shares were in the hands of short-sellers last week. That’s down from 12.6% on 7 April.

The post The Betmakers share price is surging 6% on Tuesday. Could this be why? appeared first on The Motley Fool Australia.

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• Why is the Betmakers (ASX:BET) share price having such a lousy week?
• These are the 10 most shorted ASX shares

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. owns and has recommended Betmakers Technology Group Ltd. The Motley Fool Australia has recommended Betmakers Technology 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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The A2 Milk Company Ltd (ASX: A2M) share price has had a difficult period during COVID-19. But could there still be hope for the company over the rest of the year?

Since the start of July 2020, the A2 Milk share price has fallen by around 75%. In the 2022 calendar year, A2 Milk shares have fallen around 16%.

Could the under-pressure business actually be an opportunity?

Some broker opinions are not optimistic about the business in the short term, but the price targets suggest upside.

Are negatives building for the A2 Milk share price?

One of the most recent notes on A2 Milk came from Credit Suisse. It’s currently neutral on the company, however, it reduced its price target from $5.75 to $5.15. This implies a potential rise of around 10%.

There are a few factors affecting the broker’s opinion of the business. The number of babies born in China is expected to fall this year, meaning this could lead to lower demand for A2 Milk’s products because there are less mouths to feed. Credit Suisse has reduced its expectations of profit.

Lockdowns in China are also expected to hurt short-term online revenue in the country. For example, Shanghai, one of the biggest cities in the country, has been in lockdown for weeks. The lockdowns are reportedly impacting various parts of the country.

However, the A2 Milk share price could benefit with Credit Suisse expecting the company to continue growing its market share in the country over the next couple of years.

Credit Suisse puts the A2 Milk share price at 33x FY22’s estimated earnings and 29x FY23’s estimated earnings.

Other ratings

There are, of course, other ratings on A2 Milk and some of the negative ones now have price targets that imply a notable gain for the company.

For example, the brokers at Macquarie rated the A2 Milk share price as ‘underperform’. However, the price target of $5.60 offers a potential upside of around 20%. It noted the growing market share for the company.

Citi currently rates the company as a sell. The price target is $4.80 because of the impacts of COVID-19 on China.

Morgans rates the business as a hold but has an A2 Milk share price target of $6.39. That suggests a possible rise of almost 40% over the next year. The broker thinks that the leadership has done well to stop the decline.

A2 Milk outlook

A2 Milk gave its thoughts about the short term when it released its FY22 half-year result.

It said that the revenue growth outlook for FY22 had improved, with FY22 second-half revenue expected to be “significantly higher” than the second half of FY21 and higher than the first half of FY22, thanks to growth in Chinese label and English label infant formula.

However, improvement in revenue is not expected to translate into higher earnings this year as it planned to increase investment for growth.

The post Is there still hope for the A2 Milk share price in 2022? appeared first on The Motley Fool Australia.

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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 A2 Milk and 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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