With earnings season in the rear view mirror, brokers are adjusting their outlooks for multiple ASX shares. 

This week, the team at Morgans have placed fresh buy ratings on three ASX shares. 

Here is what the broker had to say. 

Echo IQ Ltd (ASX: EIQ)

EchoIQ develops, markets and commercialises software, products and services. 

Its share price has rocketed over 500% in the last 12 months. 

Morgans said the FY26 annual report already reported its important FY26 figures during the year in its quarterly updates. The annual report didn’t contain a major surprise.

The market is still waiting on an FDA decision for its Heart Failure (HF) application, which remains the key near-term catalyst and value inflection driver. Despite delays, we maintain a positive view on approval. Speculative Buy retained and A$1.85 p/s target price unchanged.

From current levels, this target indicates 40% upside. 

Qualitas Ltd (ASX: QAL)

Qualitas provides real estate management services.

Commenting on its recent results, Morgans said FY26 normalised NPBT was up 20% (vs pcp), 1% above Morgans’ forecast and in line with consensus.

More importantly, FY27 guidance for NPBT of $74m to $80m was above MorgansF and bracketing consensus – a modest beat. The FY26 result leant on performance fees while the recurring base management fee line was broadly in line. 

Operationally, QAL keeps benefiting from the retreat of retail and wholesale lenders (better terms and deal flow) and strong institutional demand for underlying funds, with a record $6.5bn deployed at a post-IPO high of 45.4% gross operating margin.

Based on this guidance, Morgans retained its buy recommendation and $3.90 price target. 

From current levels, this indicates over 32% upside. 

Peoplein Ltd (ASX: PPE)

Peoplein is a workforce solutions company operating in Australia and New Zealand.

The company released full-year results earlier this week. 

Morgans said FY26 saw the completion of its portfolio simplification, with two subscale divisions divested (c.35% of the business) and the ongoing operations returned to growth. 

Group Normalised EBITDA of $19.0m (+1.6% pcp) was in line with Morgans.

Debt continues to decline, with capital management centred on dividends/buybacks, along with incremental M&A. Second-half momentum was the feature, with 2H26 Normalised EBITDA up 19.0% on 2H25 and Engineering, Trades and Labour up 122.7%, as the Queensland infrastructure ramp began to convert. We retain our Speculative BUY with a revised A$1.00 target price.

This target indicates over 52% upside from current levels. 

The post 3 ASX shares with fresh buy ratings and big upside from Morgans appeared first on The Motley Fool Australia.

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Motley Fool contributor Aaron Bell 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 Peoplein. The Motley Fool Australia has recommended Peoplein and Qualitas. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Mineral Resources Ltd (ASX: MIN) shares are back on the radar for passive-income investors.

The lithium miner declared a surprise return of shareholder dividends as part of its FY26 earnings announcement last month. The company last paid shareholders an interim payment back in March 2024.

Mineral Resources posted its strongest financial results in its 20-year history in August. The company said the improvement was driven by Mining Services growth, the ramp-up of its Onslow Iron, and improved lithium performance and prices.

The miner’s annual performance saw its finances return to profit after a difficult FY25, helped by stronger operating performance across the business in FY26. Mineral Resources revenue jumped 44% and underlying EBITDA surged 183%. Meanwhile, underlying NPAT came in at $822 million, versus a $112 million loss a year earlier.

The news puts the miner’s shares firmly back in the spotlight.

But what exactly would it take to earn the passive income you want from Mineral Resources shares?

Let’s investigate, using a $500 monthly passive income as an example.

What passive income does Mineral Resources pay its shareholders?

Mineral Resources has declared a fully-franked final dividend of 83 cents per share for FY26. This represents a 20% payout of underlying NPAT and was much higher than the market expected.

At the Mineral Resources share price of $64.20 at the time of writing, the dividend translates to a yield of around 1.3% before franking credits.

Mineral Resources shares are scheduled to trade ex-dividend on 8 September, with the record date falling on 9 September.

The company will then pay the dividend on 30 September.

So, how many Mineral Resources shares do I need to own to generate $500 per month of passive income?

Using the FY26 total dividend payment of 83 cents per share, investors would need to own around 7,229 Mineral Resources shares in order to earn $500 per month (equivalent to $6,000 per year) in passive income.

What would that cost me?

Using the $64.20 share price at the time of writing, investors would need to invest roughly $464,101 into Mineral Resources shares in order to earn $500 per month in passive income in FY26.

It’s not a small amount, 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 let compound growth do some of the work for you.

Could the Mineral Resources dividend payout keep climbing higher in FY27 and beyond?

Mineral Resources said the reinstated dividend reflects the company’s confidence that its balance sheet is healthy and that it is generating cash to sustain returns through the cycle.

Management expects volumes to continue growing across its mining services business, as well as iron ore, lithium, and other commodities in FY27.

If that growth comes to fruition and the company’s debt continues to fall, management could be in a strong position to reward shareholders with higher dividends going forward.

The post How many Mineral Resources shares do I need to buy for $500 per month of passive income? appeared first on The Motley Fool Australia.

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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.

These two very different companies have brokers excited, with Macquarie and Morgans recently releasing research notes with bullish share prices on each.

Let’s see who they like

Alpha HPA Ltd (ASX: A4N)

Alpha HPA is commercialising a process to manufacture ultra-high purity aluminium for use in high-tech applications.

Stage one of the company’s operations has been operational since late 2022, with the output being used for customer qualification, product validation and process optimisation.

A second stage is under construction, with first production expected for late 2027, and annual production targeted at 10,000 tonnes per year.

The company said in its recent annual report:

Using its proprietary Smart SX Technology, Alpha HPA has pioneered the world’s first application of solvent extraction to aluminium purification, enabling the production of a growing portfolio of ultra-high purity alumina, aluminium nitrate, aluminium hydroxide and synthetic sapphire material. The Company’s products are supplied to global markets including advanced semiconductors, Direct Lithium Extraction (DLE), lithium-ion batteries, pharmaceutical, LED lighting and synthetic sapphire, where exceptional purity and performance are critical.

Macquarie said in its research note that the company’s net loss of $42.7 million for FY26 was ahead of their estimates due to better stage one operating performance and higher grant income.

The broker said data centre construction was driving HPA demand in the semiconductor sector, and Alpha HPA was well-placed to take advantage of this.

Macquarie added:

Alpha is a compelling opportunity for long-term investors giving exposure to the AI theme along with attractive financial metrics at full ramp-up.

The broker has a share price target of $1 on Alpha HPA shares compared to 59.5 cents currently.

ReadyTech Holdings Ltd (ASX: RDY)

This company is a software as a service provider of cloud and AI software used in the education, workforce, government and justice sectors.

The company reported full year revenue of $125 million, at the lower end of revised guidance of $125-$127 million, with underlying EBITDA coming in at $35 million.

The company’s Chief Executive Officer Marc Washbourne said of the result:

FY26 was a year in which we strengthened the foundations for growth, transformed for an AI world and took decisive action on cost and capital allocation. Our result finished within revised guidance, with cash margin reaching what we believe is a low point. Our flagship products continue to compound. That was offset by elevated churn in parts of the mature portfolio, and enterprise customers where contracts are signed but subscription revenue is yet to commence as implementations progress.

The company is guiding to improved revenue of $128-$132 million this financial year.

Broker Morgans said the company was well-placed with its investment cycle having largely peaked.

They added:

Despite having seen more protracted implementation/sales cycles and churn in recent times, we still see RDY in a solid position to deliver growth over coming years as customers seek to modernise their enterprise software and convert from legacy systems. We have a speculative buy rating on the stock.

Morgans has a price target of $2.25 on ReadyTech compared to $1.51 currently.

The post 2 ASX shares tipped by brokers to return 49% to 68% appeared first on The Motley Fool Australia.

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Motley Fool contributor Cameron England 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 Macquarie Group and ReadyTech. The Motley Fool Australia has recommended Macquarie Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.