REA Group Ltd (ASX: REA) shares have had a rough 12 months, with the stock now trading well below the levels seen late last year.

The REA share price is down another 3.06% to $164.59 today, extending its 2026 decline to around 10%.

It’s also a long way from the 52-week high of $242.81. From that level, the stock has fallen around 32%, despite bouncing strongly from its June low of $131.07.

That recovery carried REA shares back above $180 in August, but some of those gains have since been given back.

With the valuation lower and brokers still seeing upside, investors may be wondering whether REA shares now look attractive again.

Citi becomes more cautious

One broker that isn’t getting too excited about the lower share price is Citi.

According to The Australian, analyst Siraj Ahmed has downgraded REA shares to ‘neutral’ after their recent rebound, although he lifted his price target by 4% to $191.30.

That still sits around 16% above the current share price.

Citi’s concern is that some of the value that appeared after the June sell-off has already disappeared. REA shares rallied more than 30% from their low, pushing the valuation higher again.

The broker is also worried about property listings, particularly with interest rates still a risk.

REA expects national buy listings to be flat to down by a low single-digit percentage in FY27. Citi is more bearish and is forecasting a decline of around 5%.

And with the stock trading at 30 times forecast earnings, Citi thinks there’s less room for things to go wrong if listings keep falling.

What are other brokers saying?

The wider broker view on REA shares is still fairly mixed.

According to TipRanks, 10 recent analyst ratings give the stock an average 12-month price target of $191.32.

That suggests potential upside of around 16% from the current share price.

The consensus includes 4 buy ratings, 5 holds and 1 sell.

Morgan Stanley is the most bullish with a $230 target, while Ord Minnett is close behind at $225.

Morgans has a $203 target, RBC Capital sits at $197 and Jefferies is at $195.

UBS is more reserved with a $177 target, while Macquarie is only slightly above the current share price at $170.

However, Bell Potter is the most bearish of the group, with a sell rating and $147 price target.

Are REA shares cheap yet?

REA shares are certainly a lot cheaper than they were, but that doesn’t automatically make them a bargain.

The business is still growing. FY26 core net profit rose 15% to $650.5 million, while the full-year dividend increased 20% to $2.97 per share.

But the broker targets show there is still plenty of debate over what investors should be willing to pay.

A lot will depend on whether REA can keep lifting revenue and margins if property listings weaken further.

The post This ASX 200 stock has fallen 32% from its high. Is it finally cheap? 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 positions in and has recommended Jefferies Financial Group. 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.

Santos Ltd (ASX: STO) and Woodside Energy Group Ltd (ASX: WDS) shares were in focus in August as both S&P/ASX 200 Index (ASX: XJO) energy stocks reported their half year results.

Both companies also faced fluctuating oil and gas prices over the month.

The Brent crude oil price started August at around US$90 per barrel, falling to US$79 per barrel by 4 August amid promising Middle East peace negotiations. But as those negotiations faltered, oil marched higher again to end August right about where it started, at around US$90 per barrel, according to data from Bloomberg.

By market close on 31 August, one of the ASX 200 energy stocks had materially outperformed the 1.1% gains posted by the benchmark index over the month, while the other finished in the red.

Here’s what’s been happening.

Woodside shares slip in August

Woodside shares were the underperformers in August, closing the month down 1.6% at $32.42 apiece.

Woodside reported its half year results on 25 August.

Over the six months, the company raked in US$7.45 billion in operating revenue, up 13% year-on-year.

And on the bottom line, Woodside’s net profit after tax (NPAT) of US$1.67 billion was up 27%.

Despite the profit boost, the fully franked interim dividend of 79.5 cents a share was down 2.8% from last year.

That Woodside dividend is still up for grabs, by the way. But not for long. Woodside stock trades ex-dividend tomorrow, 3 September. So if you want to bank that passive income payout, you’ll need to own shares at market close today.

Woodside shares closed down 1.4% on day of the half year results release.

Santos shares outperform

Santos shares outpaced Woodside shares and the ASX 200 in August, gaining 3.8% over the month to close on 31 August at $8.14 apiece.

But Santos performance is actually better than this figure indicates.

That’s because Santos stock traded ex-dividend on 24 August.

So investors who held the stock on 21 August (a Friday) will be receiving that payout on 23 September.

If we add that 16.3 cent per share unfranked dividend back into the 31 August closing price, then the accumulated value of Santos shares gained 5.9% over the month just past.

Atop the dividend news, when Santos released its half year results on 19 August, the company reported a 2% year-on-year increase in sales revenue to US$2.62 billion.

And sales volumes increased by 1.7% to 48 million barrels of oil equivalent (mboe).

Investors also didn’t appear overly concerned about the 19% decline in Santos’ half-year statutory net profit after tax (NPAT), which declined to US$355 million.

Instead, investors look to be focused on the company’s growth potential as its major projects come on line and near completion.

The company provided full calendar year production guidance of 99 to 105 mboe.

Santos shares closed up 2.5% on day of the half year results release.

How have the ASX 200 energy stocks tracked in 2026?

As of early morning trade today, Santos shares are up 37.1% year to date.

Woodside shares have gained 42.1% so far in 2026.

The post Santos versus Woodside shares: Which ASX energy stock outperformed in August? appeared first on The Motley Fool Australia.

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Motley Fool contributor Bernd Struben 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.

Hi-tech memory company Weebit Nano Ltd (ASX: WBT) posted a huge jump in net profit recently to a record $15.3 million, and the analysts at Pitt Street Research believe the shares are now in line for a rerating.

The profit was up 246% on FY25 and the company believes strong growth will continue due to the benefits of their ReRam technology.

Fast, efficient memory to drive revenue

Weebit Nano said in their recent profit report that AI, digitisation and “increasing intelligent electronics” were driving demand for faster, more efficient embedded memory.

The company said:

ReRAM is becoming the leading technology to succeed embedded flash in next‑generation semiconductor devices, combining the performance, scalability and manufacturability required for future applications. Weebit ReRAM delivers ultra‑low power consumption, fast access times, excellent endurance and long data retention, even at high temperatures and in harsh operating environments. It is highly scalable to advanced process nodes and supports emerging computing architectures, including AI applications. With qualified solutions available across multiple foundry platforms, Weebit ReRAM is well positioned for a broad range of automotive, industrial IoT, consumer and AI‑enabled devices.

Weebit Nano Chief Executive Officer Coby Hanoch said the company expected revenue of at least $7.1 million in the first half of FY27, up from $5.6 million in the previous corresponding period.

He added:

Weebit Nano has a large addressable market. We are currently the leading independent supplier that can support multiple foundries and their customers, while competing ReRAM technologies developed by some foundries, are generally available only to customers manufacturing within these foundries. We enter FY27 in a materially improved financial position, having successfully raised $102 million (including a Share Placement Plan) to cement our ReRAM leadership in the embedded NVM market and accelerate development of a solution for the In‑Memory Compute (IMC) domain.

Broker says this ASX tech stock is looking cheap

Pitt Street Research said in a note to clients this week that Weebit Nano was building strong traction in the analogue semiconductor market, “which we see as its “lowest-hanging” commercial opportunity, with two of its largest customers already in the space”.

The broker said analogue was just one of multiple large markets for the company.

They added:

The real inflection point, however, in Weebit Nano’s business model begins as royalty revenue starts to scale. Royalties carry very high incremental margins, meaning a greater share of each additional dollar of revenue should flow through to profitability. In our scenario analysis, we believe royalties could account for more than 30% of total revenue post-2030, as existing customers move into broader mass production.

Pit Street Research has a price target on Weebit Nano shares of $10.20, compared to $3.46 currently. The company is valued at $899.2 million.

The post Could this ASX tech company really rise 180%? 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 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.