Australian supermarket rivals Woolworths Group Ltd (ASX: WOW) and Coles Group Ltd (ASX: COL) have historically been neck and neck when it comes to grocery prices, revenue growth, and even share market performance. 

Here’s the latest out of the two retailers, and what to expect next.

What’s next for Woolworths shares?

At the time of writing, the shares are down 0.5% to $33.71 a piece. The latest drop means the shares have now tumbled nearly 12% since spiking to a multi-year high of $38.15 late last month.

For the year to date, Woolworths shares are still 15% higher, and they’re 4% higher than this time last year.

The supermarket giant’s shares crashed 10% in a day after it posted its third-quarter sales results last week. 

For the 13 weeks to the 5th of April, Woolworths reported total sales of $18.1 billion, up 4.5% from Q3 in FY25. Its Australian Food sales were up 5.9% year on year to $13.8 billion. 

The company said that underlying trading momentum remained solid, but management noted they have seen “some signs of increased customer caution”.

It looks like investors were spooked, and they quickly offloaded their stake in the supermarket giant.

Analysts are mostly neutral on the outlook for Woolworths shares too, implying that the stock isn’t expected to return to its multi-year high seen last month.

TradingView data shows that 12 out of 18 analysts have a hold rating on Woolworths shares, another five have a buy or strong buy rating, and one has a sell rating.

The average target price is $34.81, which implies a 3% upside at the time of writing.

What’s next for Coles shares?

Coles shares are also trading in the red, down 1.6% to $21.66 at the time of writing. The shares are still 1.5% higher for the year to date and 1% lower than 12 months ago.

The supermarket’s shares climbed 2% on Friday last week after the company’s third-quarter sales update, but have slumped by more than 5% since.

For the 12 weeks to 29 March 2026, Coles reported total group sales revenue of $10.7 billion, representing a 3.1% increase on the prior corresponding period.

The company’s key Supermarkets division delivered a standout performance, with sales revenue rising 4% to $9.8 billion. Comparable sales also climbed 3.6%.

One of the key positives from the update was that sales growth was volume-led, rather than being driven by inflation.

Coles advised that this represented above-market growth, highlighting the strength of its customer offer and continued execution.

Its early fourth-quarter results are so far broadly in line with the third quarter, but the retailer warned that it has seen higher supplier cost prices and higher operations costs, including fuel, freight, and packaging. Management said it is actively managing these and will mitigate impacts where possible.

It looks like investors were unsure what to make of the results, with the share price quickly climbing and then reversing.

Analysts are more bullish on the outlook for Coles shares from here, though. TradingView data shows that the majority (12 out of 18) hold a buy or strong buy rating.

The average $23.55 target price implies an 8% upside at the time of writing. Some expect the shares to jump another 17% to $25.50.

Which supermarket giant has the strongest upside?

According to the analyst data, Coles comes out on top.

Coles’ average upside potential share price is 8%, while Woolworths shares have an average upside of 3% over the next 12 months. Analysts are also more bullish on Coles shares, the majority rating the stock as a buy, versus a majority hold rating on Woolworths.

The post Coles vs Woolworths shares: Which supermarket giant has the strongest upside? 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 positions in and has recommended Woolworths Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The S&P/ASX 200 Index (ASX: XJO) is having a poor session on Tuesday. In afternoon trade, the benchmark index is down 0.4% to 8,654.8 points.

Four ASX shares that are falling more than most today are listed below. Here’s why they are dropping:

Appen Ltd (ASX: APX)

The Appen share price is down 5.5% to $1.16. This artificial intelligence (AI) data services company’s shares have been under pressure in recent sessions following the release of its quarterly update. Although Appen posted a 9% increase in revenue to $54.8 million, it is still barely profitable at an EBITDA level. In addition, the performance of its Appen Global business may have spooked investors. It reported a 37% decline in revenue to $19.9 million. Appen’s shares are now down 27% since this time last week.

Gentrack Group Ltd (ASX: GTK)

The Gentrack share price is down 34% to $3.20. This has been driven by the release of a trading update from the utilities software company. Gentrack advised that FY 2026 revenue is expected to be between NZ$229 million and NZ$238 million. This is lower than its previous guidance and compares to NZ$230.2 million in FY 2025. However, recurring revenues in FY 2026 are expected to grow by more than 10% to around NZ$174 million. And due to management prioritising growth over short term earnings, it expects full year EBITDA to be between NZ$13.5 million and NZ$20 million. This is sharply lower than FY 2025’s EBITDA of NZ$27.8 million.

Magellan Financial Group Ltd (ASX: MFG)

The Magellan share price is down 7.5% to $9.56. This morning, the fund manager announced sweeping changes to its global fund. This includes management fees being cut from 1.35% to 0.89% per annum and performance fees being removed. In addition, management of the Magellan Global Fund and Magellan Global Fund Hedged will change to Vinva Investment Management. The company’s CEO, Sophia Rahmani, said: “Today’s announcement reflects our commitment to putting clients first and our insight into client needs today and in the future. We have carefully considered this decision and are prioritising client outcomes whilst at the same time positioning Magellan for long-term growth, with an attractive core global equities offering.”

Regis Resources Ltd (ASX: RRL)

The Regis Resources share price is down 4.5% to $6.84. This has been driven by news that Regis Resources has agreed to merge with Vault Minerals Ltd (ASX: VAU). The agreement will see Regis Resources acquire Vault Minerals via a scheme of arrangement for 0.6947 Regis shares for each Vault share held. The Vault Minerals board is unanimously recommending the scheme. This is in the absence of a superior proposal and subject to an independent expert’s endorsement.

The post Why Appen, Gentrack, Magellan, and Regis Resources shares are falling today appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro 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 Appen and Gentrack Group. The Motley Fool Australia has positions in and has recommended Gentrack Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Early this year, ASX industrials stock Chrysos Corp Ltd (ASX: C79) rocketed to nearly $10 per share. 

At the time, this represented a 100% rise over a 12-month period. 

This massive jump was influenced by tailwinds in the mining industry. 

However, since then, it has dipped 30% and now sits at roughly $7 per share. 

A new report from Bell Potter suggests this ASX industrials stock could be set to return close to the record high. 

Company overview

Chrysos Corporation is an Australian‑based provider of novel assay services to the global mining industry through its proprietary PhotonAssayTM technology. 

While PhotonAssayTM can be used to detect a wide range of elements, the technology has proven particularly effective for assaying gold and is currently being rolled out across the gold mining industry. 

This effectiveness in the gold mining industry proved profitable in the last 12 months, as it has risen alongside other gold mining shares.

The company recently released a trading update.

This prompted updated guidance from Bell Potter.  

New lease agreements secured

Bell Potter highlighted that C79 has maintained its strong lease win momentum since the FY26 interim result update, securing an additional 5 agreements. 

Total FY26 contracted units stand at 19, taking the backlog to 34 units (up from 30 at the interim result).

Pleasingly, we are seeing new lease agreements with ALS Ltd (ASX: ALQ) the largest geochemistry testing network in the world, as well as additional contracts with relatively newer adopters of the technology (Bureau Veritas and Allied Gold). This is a good sign for industry adoption of PhotonAssay technology.

Bell Potter also noted that revenue is tracking towards the upper end of the $80-90m range (BPe new $90.7m), and EBITDA is tracking towards the upper end of the $20-27m range (BPe new $29.4m). 

Healthy upside for this ASX industrials stock

Based on this guidance, Bell Potter has retained its buy recommendation on this ASX industrials stock. 

However, it has slightly reduced its price target to $9 per share (previously $9.40). 

From today’s share price hovering around $7 per share, this indicates an upside potential of almost 30%. 

PhotonAssay technology adoption continues to accelerate with 19 new lease agreements secured in FY26-to-date (9 units secured in the PcP). The expanded backlog of units to be installed implies an acceleration of deployments in FY27.

The post This ASX industrials stock is tipped to return to near record highs  appeared first on The Motley Fool Australia.

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• Why Appen, Gentrack, Magellan, and Regis Resources shares are falling today

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 Chrysos. The Motley Fool Australia has positions in and has recommended Chrysos. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

A fresh record high yesterday has quickly turned into heavy selling today.

Codan Ltd (ASX: CDA) shares are sinking on Tuesday after registering one of the strongest runs on the ASX over the past year.

At the time of writing, the Codan share price is down 8.40% to $40.23.

That is a heavy fall, but it comes after a huge rally. Codan shares are still up around 41% in 2026 and almost 150% over the past 12 months.

Before today’s sell-off, the stock touched an all-time high of $44.52 on Monday.

So, what changed today?

Major shareholder sells down

The pressure follows an article in The Australian that a block of 8 million Codan shares was sold at $39 per share. That values the sell-down at about $312 million.

The report said the sale was understood to be linked to Pamela Wall, the widow of Codan co-founder Ian Wall.

The sale price was below Codan’s previous close of $43.92, which appears to be the main reason investors are reacting today.

Large block trades often happen at a discount, especially after a strong share price run. But they can still weigh on sentiment, particularly when a stock has just reached record levels.

In this case, the timing looks to be the bigger issue. Codan had been trading at all-time highs, and investors are now taking in a major sell-down from a long-term shareholder.

Why sellers were quick to move

Codan is not falling today because of a weak trading update or a downgrade. The move looks more closely tied to profit-taking after a big rally.

The company designs and sells communications equipment, metal detection products, and related technology. Its products are used across defence, public safety, mining, and recreational markets.

The business has also had strong momentum behind it. Codan has benefited from stronger defence and communications spending, while its metal detection division has been supported by a higher gold price.

Together, that has helped drive the share price much higher over the past year. It has also left the stock trading with far more expectation built in than it had 12 months ago.

Foolish Takeaway

I would not view today’s fall as a sign that the business has suddenly changed.

It looks more like the market reacting to a large discounted share sale after a very strong run.

That said, the size of the recent gain is hard to ignore. Codan has already delivered a huge move, and investors are no longer buying it at beaten-down prices.

From here, I would be watching whether buyers step back in around the $40 level. If they do, the pullback may prove short-lived.

The post Why this ASX 200 stock is being hammered after hitting record highs 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 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.

Deep Yellow Ltd (ASX: DYL) shares are edging lower today, but still outperforming the benchmark index.

Shares in the S&P/ASX 200 Index (ASX: XJO) uranium stock closed yesterday trading for $1.835 cents. In afternoon trade on Tuesday, shares are changing hands for $1.830 apiece, down 0.3%.

For some context, the ASX 200 is down 0.7% at this same time.

Taking a step back, Deep Yellow shares have gained 54.8% over the past 12 months, smashing the 6.0% one-year gains posted by the ASX 200.

And looking ahead, Fairmont Equities’ Michael Gable expects the ASX 200 uranium stock is well-placed to deliver more outperformance (courtesy of The Bull).

Here’s why.

Should you buy Deep Yellow shares today?

“The uranium sector remains promising because demand should continue to outpace supply for the next few years,” said Gable, who has a buy recommendation on Deep Yellow shares.

“Although the uranium price has edged higher in the past several months, I’m expecting a much bigger move to occur soon when utilities return to contract for future supplies,” Gable noted.

On Monday, uranium futures in the United States were swapping hands for just over US$86 per pound. That’s up from US$76 per pound in December, and up from US$70 per pound this time last year.

And amid expectations of further increases in global uranium prices, Gable thinks Deep Yellow stock looks bargain priced.

“This uranium developer, based in Namibia, appears cheap at these levels and it’s highly leveraged to any increase in the underlying uranium price,” he concluded.

What’s the latest from the ASX 200 uranium stock?

Deep Yellow shares closed up 3.9% on 28 April following the release of the company’s March quarter update.

Investors responded enthusiastically to the progress Deep Yellow has been making across its major projects.

The miner reported that, as at 31 March, detailed engineering had progressed to 68% completion, with 91% of the bulk earthworks finished at its Tumas Project, located in Namibia.

Commenting on the results, Deep Yellow CEO Greg Field said:

Deep Yellow entered the March 2026 quarter with clear momentum across the business, underpinned by continued advancement of our flagship Tumas development project and a disciplined focus on creating long-term shareholder value.

As for what’s next for the strengthening uranium price that’s helped boost Deep Yellow shares, the company noted:

Positive market forces including persistent increases in anticipated new builds of both large reactors (1,000 MWe and larger) as well as Small Modular Reactor (SMR) technology, coupled with rising awareness of increasingly probable future uranium supply shortages, have served to underpin the longer-term uranium market.

Looking forward, increasing commitments for future uranium deliveries are expected to accelerate as utilities enter the long-term market to satisfy substantial uncovered uranium requirements.

The post Up 55% in a year, why Deep Yellow shares still ‘appear cheap’ 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.

ASX 200 stock Ventia Services Group Ltd (ASX: VNT) is getting plenty of attention on Tuesday.

The infrastructure services stock is climbing again, even as the broader market sits under pressure.

At the time of writing, the Ventia share price is up 6.55% to $5.935. By comparison, the S&P/ASX 200 Index (ASX: XJO) is down 0.59% to 8,646 points.

That puts the stock up around 13% over the past week and roughly 36% over the past year.

The latest move follows a fresh contract win, and investors seem to like what landed.

New Victorian road contracts

Ventia announced today that it has been awarded road maintenance contracts by the Victorian Department of Transport and Planning.

The work covers the Grampians and Eastern Metropolitan regions under the Victorian Road Maintenance Contract model.

Ventia estimates the contracts have a combined value of about $340 million over the 4-year base term. That figure includes routine maintenance, as well as high-level estimates for planned maintenance programs and minor capital works.

Those planned works remain subject to state government budget approvals and road network priorities.

The contracts also include extension options. The Grampians contract can be extended by 2 years, while the Eastern Metropolitan contract has two separate 2-year extension options.

Contract commencement is expected from 1 July 2026.

What Ventia will do

Under the contracts, Ventia will provide road network maintenance, inspections, hazard and defect rectification, emergency response, and minor capital works.

The work will cover both rural and metropolitan arterial roads.

Managing Director and Group CEO Dean Banks said the award reflects “Ventia’s growing role as a partner of choice” for long-term road network management.

He also pointed to the company’s experience across transport operations and maintenance.

Ventia already works across essential infrastructure services, including transport, defence, social infrastructure, water, energy, telecommunications, and resources.

Momentum already in place

The latest win also lands after a strong full-year result from the company.

Ventia reported FY25 revenue of $6.1 billion, while underlying NPATA rose 13% to $257.6 million.

Work in hand reached a record $22.1 billion, up 14.4% on FY24.

That gives the company a large base of contracted work heading into the new financial year.

The company also guided to FY26 NPATA growth of 7% to 10%.

Foolish takeaway

This is a big win for Ventia. A $340 million contract package is not small, and it fits neatly with the company’s existing transport maintenance work.

The market seems to be rewarding the extra visibility this adds to future revenue, especially with the stock already having a strong week.

I would not be chasing the ASX 200 stock blindly after a move like this, but Ventia is doing what investors want to see. It is winning long-term work, building its contract base, and backing that up with earnings growth.

The post This ASX 200 stock just jumped 13% in a week. Here’s why 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 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.

Morgans has been busy running the rule over a number of updates this month.

Here’s what it is saying about these popular ASX shares after reviewing their latest numbers:

Coles Group Ltd (ASX: COL)

Morgans was a touch disappointed with this supermarket giant’s performance in the third quarter.

While pleased with its supermarkets business, it highlights that Coles’ liquor business let the company down.

In response, the broker has retained its accumulate rating on Coles shares with an improved price target of $24.60. It said:

COL’s 3Q26 sales update was slightly softer than expected, with another solid performance in Supermarkets offset by ongoing challenging conditions in Liquor. Supermarkets continues to gain market share from discounters and independents, with strong volume growth indicating the value proposition continues to resonate with customers. We reduce FY26-28F underlying EBIT by 0-1%, largely reflecting a more difficult outlook for Liquor.

Despite the minor reduction in earnings, our target price increases to $24.60 (from $22.90), reflecting a higher valuation multiple. In our view, COL’s defensive earnings profile and strong execution warrant a premium amid macro uncertainty and Middle East geopolitical risks. In addition, the core Supermarkets division should benefit from increased at-home consumption and continued demand for own-brand products as customers become more value-conscious. ACCUMULATE rating maintained.

Liontown Ltd (ASX: LTR)

The broker wasn’t impressed with this lithium miner’s performance in the third quarter. It described the quarter as weak due to lower recoveries.

And while its outlook is improving, this hasn’t been enough to stop Morgans downgrading Liontown shares to a trim rating with a $2.20 price target. Morgans explains:

Weak 3Q26 result was driven by lower recoveries, though ramp-up is progressing well and cash flow turned positive. Outlook is improving with recoveries and spodumene prices lifting. Move to a TRIM with a A$2.20ps TP on valuation but the outlook remains positive.

ResMed Inc. (ASX: RMD)

Morgans was pleased with ResMed’s third-quarter update, highlighting further double-digit growth and margin expansion.

In light of this, the broker has retained its buy rating on ResMed shares with a trimmed price target of $41.72.

Commenting on the company, the broker said:

RMD’s 3Q result was solid, with double-digit revenue and earnings growth, further margin expansion and strong cash flow generation. Sleep and respiratory demand remains robust, with continued mask strength and ROW re-acceleration, while SaaS remains stable but subdued. Notably, GM expansion continues, underpinned via manufacturing, procurement and logistics efficiencies.

And while macro uncertainties remain and investors seemingly focus on variability in US device growth while pondering if the Noctrix acquisition is merely a ‘plug’ to a slowing core, we view these concerns as myopic and manageable. We adjust FY26-28 forecasts modesty with our target price declining to A$41.72, mainly on house changes to FX and risk-free rate. BUY.

The post Buy, hold, sell: Coles, Liontown, and ResMed shares appeared first on The Motley Fool Australia.

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

It may be time to sell JB Hi Fi Ltd (ASX: JBH) and Westpac Banking Corp (ASX: WBC) shares.

That’s according to Fairmont Equities’ Michael Gable, who this week issued a sell recommendation for both the S&P/ASX 200 Index (ASX: XJO) bank stock and the ASX 200 electronics retailer (courtesy of The Bull).

In early afternoon trade today, JB Hi-Fi shares are down 1.4%, changing hands for $77.47 apiece.

Westpac shares are sliding as well, down 1.1% at $38.06 each.

This sees both stocks trailing the 0.6% losses posted by the benchmark index at this same time.

Longer-term, Westpac shares remain up 17.4% over 12 months, excluding dividends.

JB Hi-Fi shares have had a more difficult year, down 25.2% in 12 months, also not including dividends.

Looking ahead, with an eye on rising inflation and the resulting higher interest rates, Fairmont Equities’ Gable believes both ASX 200 stocks could be in for a rough patch.

Time to sell Westpac shares?

“We had previously been bullish on the banks when they were trending higher from high levels of momentum,” said Gable. “However, they are stalling at current levels.”

Commenting prior to today’s half year results release, which look to be pressuring Westpac shares, Gable noted, “A recent trading update by WBC indicated economic conditions could be getting tougher in response to rising interest rates, inflation and potential fuel shocks.”

Indeed, at today’s results release – which saw Westpac report a 3% year-on-year increase in statutory net profit to $3.4 billion – Westpac CEO Anthony Miller cautioned:

The war in the Middle East is presenting challenges for some customers and the economic impact of the conflict will continue through the year. The disruption to energy supply chains has driven a rise in prices and we’re seeing this flow through to businesses and households…

Summarising his sell recommendation on Westpac shares, Gable concluded:

In our view, challenging economic conditions are likely to impact lending activity and credit quality. Even a robust dividend yield may not be enough to prevent a further slide in WBC’s share price.

Should you sell JB Hi-Fi shares?

Atop Westpac shares, Gable also foresees economic headwinds building for JB Hi-Fi shares.

“With interest rates possibly rising again on top of higher fuel prices, we would be cautious about discretionary retail stocks,” he said.

According to Gable:

Households are under increasing pressure from higher cost of living expenses, which could result in consumers cutting discretionary spending. This consumer electronics giant faces the challenge of sustaining revenue and earnings in a potentially softer economy.

From a charting perspective, the share price remains in a downtrend. The shares have fallen from $121 on August 20, 2025 to trade at $78.10 on April 30, 2026. We would be inclined to cash in some gains at this stage of the cycle.

The post Sell alert! Why this expert is calling time on JB Hi-Fi and Westpac shares 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.

WiseTech Global Ltd (ASX: WTC) shares are soaring higher in lunchtime trade on Tuesday.

At the time of writing the shares are up 6.5% to $46.30 a piece. At one point this morning the tech company’s shares climbed as high as $46.80 each.

For context, the S&P/ASX 200 Index (ASX: XJO) is down 0.6% for the day at the time of writing and the S&P/ASX 200 Information Technology Index (ASX: XIJ) is up 1.1% and trading at a two-month high.

The latest uptick means the tech shares have climbed over 12% in the past five days alone. The jump also means that WiseTech shares have now rebounded 27% from a multi-year low of $36.53 recorded on Monday last week.

There is still a low way to go for WiseTech shares, though. Even after the rebound, the shares are still down 32% for the year-to-date and a huge 51% lower than this time last year.

What is happening to WiseTech shares?

It’s been a bloodbath for WiseTech shares over the past 10-months, with the tech company hit by multiple and consecutive headwinds which sent its share price tumbling. The downturn accelerated in 2026.

WiseTech was caught up in a tech-sector wide sell-off earlier this year after investors became concerned about the implications of AI on traditional software models. Many were worried that AI tools might replace or reduce demand for subscription-based software. 

Shortly later, concerns about escalating conflict in the Middle East spooked investors further. Global sharemarket uncertainty saw investors turn their back on high-growth technology stocks like WiseTech and rotate towards more stable assets instead.

There hasn’t been any price-sensitive news out of WiseTech to explain today’s price hike, but the company did confirm it will participate in the 2026 Macquarie Australia Conference in Sydney on 5-6 May 2026. 

WiseTech said it will outline its strategy for the next phase of long-term growth at the conference.

In the materials, WiseTech confirms an FY26 underlying EBITDA guidance range of US$598.5 million to $637.5 million.

The company expects margins expected to be lower short term (around 40-46%) due to integration impacts, most notably from its e2open acquisition.

It’s likely that a rebound of investor confidence in WiseTech and also ASX tech shares overall, is also helping today’s share price climb.

Can the shares keep climbing?

It’s possible that could be the beginning of a good rally for WiseTech shares.

According to TradingView data, analysts are very bullish about the outlook for the tech over the next 12 months.

The majority (16 out of 17) have a buy or strong buy rating on the stock. That’s an upgrade from 14 out of 16 analysts with a buy or strong buy rating in mid-April. 

The average target price is $76.55, which implies a potential upside of 67% over the next 12 months. Although others think that the tech shares could climb up to 152% to $115.78.

The post WiseTech shares are flying 6.5% higher today. Can they keep going? appeared first on The Motley Fool Australia.

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• Up 14% in April, is it too late to buy WiseTech shares?

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 positions in and has recommended WiseTech Global. The Motley Fool Australia has positions in and has recommended WiseTech Global. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record a decline. At the time of writing, the benchmark index is down 0.6% to 8,646.5 points.

Four ASX shares that are not letting that hold them back are listed below. Here’s why they are rising:

Flight Centre Travel Group Ltd (ASX: FLT)

The Flight Centre share price is up 3.5% to $10.53. This morning, the travel agent giant released a trading update and revealed solid growth financial year to date. Flight Centre achieved underlying profit before tax (UPBT) growth of 9.7% to $226.4 million and total transaction value (TTV) growth of 7.6% to $19.5 billion for the nine months to 31 March. The company’s CFO, Adam Campbell, said: “We’ve seen strong momentum in both our corporate and leisure businesses, despite a challenging travel environment. Our people have gone above and beyond for customers, and our focus on technology and efficiency continues to deliver returns.”

Sigma Healthcare Ltd (ASX: SIG)

The Sigma Healthcare share price is up 4% to $2.94. Investors have been buying the Chemist Warehouse owner’s shares after it released a strong update and revealed plans to enter the UK market. It revealed that Australian Chemist Warehouse branded store network sales increased 16.7% for the financial year to date through to 30 April 2026. Chemist Warehouse international store sales increased 24.7%. Sigma’s CEO, Vikesh Ramsunder, said: “Our operational performance is pleasing with momentum sustained throughout the year reinforcing the defensive nature of our business model and continued execution of our growth strategy. International expansion is one of our four key strategic growth pillars. Having proven that the Chemist Warehouse model resonates with customers in other markets, including New Zealand and Ireland, the JV with GreenLight now provides a measured market access into the UK.”

Vault Minerals Ltd (ASX: VAU)

The Vault Minerals share price is up 5% to $4.72. This morning, the gold miner announced an agreement to merge with Regis Resources Ltd (ASX: RRL). The agreement will see Regis Resources acquire 100% of Vault Minerals via a scheme of arrangement. Vault Minerals shareholders will receive 0.6947 Regis shares for each share held. The Vault Minerals board has unanimously recommended the scheme. This is in the absence of a superior proposal and subject to an independent expert’s endorsement.

WiseTech Global Ltd (ASX: WTC)

The WiseTech Global share price is up 5% to $46.03. This appears to have been driven by the release of a presentation from the logistics solutions technology company today. In the presentation, WiseTech reaffirms its guidance for underlying EBITDA of $550 million to $585 million in FY 2026.

The post Why Flight Centre, Sigma Healthcare, Vault Minerals, and WiseTech shares are storming higher today appeared first on The Motley Fool Australia.

More reading

• Why are Flight Centre shares jumping higher in Tuesday’s sinking market?
• Big ASX 200 gold stock news! Regis Resources and Vault Minerals announce $11 billion merger
• Sigma shares race higher on update and Chemist Warehouse UK expansion
• Got $10,000 to invest in May? Here are 2 ASX tech shares to buy
• Regis and Vault to combine, creating new ASX gold powerhouse

Motley Fool contributor James Mickleboro has positions in WiseTech Global. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended WiseTech Global. The Motley Fool Australia has positions in and has recommended WiseTech Global. The Motley Fool Australia has recommended Flight Centre Travel Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.