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If you are looking to boost your income with some dividend shares, then two listed below could be worth considering.

Both of these dividend shares are expected to provide investors with good yields in the near term. Here’s what you need to know about them:

National Storage REIT (ASX: NSR)

The first ASX dividend share for income investors to look at is National Storage.

It is a leading self-storage operator with a network of over 200 centres that provide tailored storage solutions to ~100,000 residential and commercial customers.

But management isn’t settling for that. It continues to develop and acquire centres in the highly fragmented industry. Combined with rental growth, this bodes well for its income and distributions over the coming years.

Ord Minnett is a fan of National Storage. Last week the broker reiterated its buy rating and lifted the price target on its shares to $2.70.

As for dividends, its analysts are now forecasting dividends per share of 10 cents in FY 2022 and 11 cents in FY 2023. Based on the current National Storage share price of $2.28, this equates to yields of 4.4% and 4.8%, respectively.

Rural Funds Group (ASX: RFF)

Another ASX dividend share that income investors might want to look at is Rural Funds.

It is an agricultural focused real estate investment trust (REIT) that owns a high quality portfolio of assets across a range of agricultural industries.

These include almond and macadamia orchards, premium vineyards, water entitlements, cropping and cattle farms, which are all leased to major industry players on long term contracts.

Together with periodic rental increases, this position Rural Funds perfectly for sustainable long term earnings growth.

In respect to dividends, the company plans to increase its dividend by its annual target rate of 4% again in FY 2022 and FY 2023. This will mean a dividend of 11.73 cents per share in FY 2022 and then 12.2 cents in FY 2023. Based on the current Rural Funds share price of $2.66, this represents yields of 4.4% and 4.6%, respectively.

The post Here are top 2 ASX dividend shares with great yields appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX shares today
• Why Ardent Leisure, Michael Hill, National Storage, and WiseTech shares are rising
• Best ASX shares to buy in July 2022
• 4 ASX dividend shares to buy that aren’t banks or miners: expert
• This is the latest ASX 200 sector to be hit by downgrades

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 no position in any of the stocks mentioned. The Motley Fool Australia has positions in and has recommended RURALFUNDS STAPLED. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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S&P/ASX 200 Index (ASX: XJO) energy shares are in the spotlight as European nations face major gas shortages amid Russia’s ongoing war in Ukraine.

The looming gas crunch has been on investor radars since Russian forces began to mass on their neighbour’s border back in January. But things are coming to a head as fears grow Russia may forgo its lucrative gas revenues and shut off its gas exports to Europe.

Russia is among the world’s top oil producers, trailing only the United States and Saudi Arabia.

When it comes to liquified natural gas (LNG) exports, however, Australia leads the global charge.

Which begs the question, can leading ASX 200 energy shares like Santos Ltd (ASX: STO) and Woodside Energy Group Ltd (ASX: WDS) help fill the energy void as Europe weans itself – whether voluntarily or involuntarily – off Russian gas?

We’ll get back to that possibility in a tick.

First, here’s the latest call to arms from the executive director of the International Energy Agency (IEA), Fatih Birol.

First true global energy crisis in history

Soaring gas prices may be good news for the profit margins of ASX 200 energy shares. But they also may be a harbinger of difficult times ahead for many people across the globe.

In a report released on Monday, Birol said, “After many months of warning signs, Russia’s latest moves to squeeze natural gas flows are a red alert for the EU.”

According to Birol:

The world is experiencing the first truly global energy crisis in history. And as the International Energy Agency has been warning for many months, the situation is especially perilous in Europe, which is at the epicentre of the energy market turmoil. I’m particularly concerned about the months ahead.

The gas crisis in Europe has been building for a while, and Russia’s role in it has been clear from the beginning…

After Russia invaded Ukraine on 24 February, nobody in Europe or elsewhere could be under any illusions about the risks around Russian energy supplies.

Shortly after Russia’s military invaded Ukraine, the IEA released a 10-point plan for the EU to cut its reliance on Russian gas.

The report “stressed the need to maximise gas supplies from other sources; accelerate the deployment of solar and wind; make the most of existing low emissions energy sources, such as renewables and nuclear; ramp up energy efficiency measures in homes and businesses; and take steps to save energy by turning down the thermostat”.

With the IEA emphasising the need for Europe to source gas supplies from sources outside of Russia, could this bolster ASX 200 energy shares?

ASX 200 energy shares eyeing the longer game

ASX 200 energy shares like Santos and Woodside aren’t immediately in a position to replace Russian gas exports into the EU, with most of their mid-term supplies already locked into existing sales contracts.

Ramping up LNG production also isn’t something that can be accomplished overnight.

But that doesn’t rule out a bigger role for ASX 200 energy shares in European markets inside the next few years.

In a report released in March, just weeks after the Russian invasion, EnergyQuest said (courtesy of The Australian Financial Review):

With the European crisis, the demand for Australian LNG is likely now to be even greater, which is an opportunity to win more contracts for current new projects. Woodside should be able to contract more of Scarborough and Santos more of Barossa.

The second priority would be to keep existing plants full, particularly the North West Shelf in the face of its looming decline.

ASX 200 energy shares are certainly interested in taking a slice of the European gas market out of Russian hands.

In late March, Santos strategic adviser external affairs Tracey Winters said (quoted by The West Australian), “The really important lesson out of Russia’s interference in western democracies is that we need to reduce not increase the west’s reliance on Russian oil and gas supplies.”

Citing the IEA’s 10-point plan she pointed out that, “Number two on that list is increasing supply from other sources.”

“There’s a lot of evidence that Russia has sought to maximise the west’s reliance on oil and gas from Russia, which in the case of Europe is a massive problem,” Winters said. “Natural gas will continue to play an important role in serving the energy needs of Australia and the world for at least the next two decades.”

Earlier this month, deputy head of equities at Perpetual Vince Pezzullo cited the EU gas crisis as one of the reasons Perpetual thinks ASX 200 energy share Santos is “a compelling opportunity”.

According to Pezzullo:

Europe is also looking to diversify its sources of gas to decrease their heavy reliance on Russia. One of the ways it is looking to do this is through increasing LNG imports and Santos is a key global producer through its stake in the PNG LNG, Gladstone LNG, and Darwin LNG assets.

The post ‘Not enough’: Could Europe’s gas woes bolster ASX 200 energy shares? appeared first on The Motley Fool Australia.

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More reading

• 5 things to watch on the ASX 200 on Thursday
• Why this fundie believes Woodside shares are still an ‘attractive investment’
• 5 things to watch on the ASX 200 on Wednesday
• Why JB Hi-Fi, Mesoblast, Pendal, and Woodside shares are pushing higher
• Why is the Santos share price on such a tear today?

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.

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Ask A Fund Manager

The Motley Fool chats with the best in the industry so that you can get an insight into how the professionals think. In this edition, Cyan Investment Management portfolio manager Dean Fergie reveals what he would do with three ASX shares that have lost half their value in 2022.

Cut or keep?

The Motley Fool: Now let’s talk about three ASX shares that have seen their prices plummet in recent times.

What would you do with Playside Studios Ltd (ASX: PLY), which you’ve previously discussed with us. How do you feel about it these days? The share price has halved this year.

Dean Fergie: Look, Playside, I think it got pretty hyped up. They did a game called Dumb Ways to Die and released a bunch of NFTs on the back of it. So the characters within the game are called Beans, and they released 2,000 Beans. And they made, within a month, something like $7 or $8 million by selling the NFTs. Now, I don’t have to tell anyone that the whole cryptocurrency and NFTs are not the flavour of the month anymore. So I think some of the hype that was in Playside has dissipated. 

However, in the last month they’ve signed an extended agreement with Facebook and Meta Platforms Inc (NASDAQ: META) to do more gaming development for them. They’ve got a couple of big games that they’re about to release. So, for us, we think it’s an A-grade gaming developer on a global stage, which is a small company based in Australia. 

And we think there’s clearly been quite a bit of corporate activity in terms of Microsoft Corporation (NASDAQ: MSFT) buying Activision Blizzard last year. So for us a business like Playside, that’s doing its own IP [intellectual property] in terms of gaming but also gaming development for some of the biggest gaming companies around the globe, is a great long-term investment.

MF: And for such a small company, it’s profitable, isn’t it? That’s handy.

DF: That’s right. Really, really strong growing revenues, but a nice blend of its own IP in terms of games, but also work for hire for some of the really, really big companies around town. So we think it’s a great medium-term story.

MF: Great. So it sounds like you still have your holdings and are happy to hold onto them.

DF: Yeah. What’s been really interesting about all of our holdings that have fallen pretty substantially over the last six months is that the news they’ve released has been, by and large, really, really positive. 

It’s not like they’ve come out with strong earnings downgrades, that they’ve had debt covenants flow and all these things, haven’t lost customers. Across the board, the news flow has been really positive, which has been in stark contrast to the movement in share prices.

MF: The next one is one that I don’t think your fund has ever held — a software company called Whispir Ltd (ASX: WSP), which has also halved so far this year.

DF: This was one of these businesses that when it IPOed, we probably thought it was a little bit toppy in terms of its valuation. Maybe we were correct for a while. I think it maybe floated at around $1.50 and then went up to $4, and it’s come back to a dollar or so.

This is one of these businesses that has got a really, really strong corporate client base, which is positive, [and] really, really strong growth in revenues. But, unfortunately, it’s still running a pretty high cost base. So it still isn’t profitable. Even though, from my memory, they said at the IPO they would be profitable in the next year, which they haven’t been. And I would say right now, if any business should be cutting costs, it would be right now.

I think it’s got a market cap of around $130 million and something like $30 million on its balance sheet. I think this is one of these businesses, it’s probably worth investors having a closer look at, because they’ve got a good commercialised messaging product with Bluetooth clients, a strong balance sheet, growing revenues. They just need to dial back their costs and it could actually be quite a good business.

MF: So next month’s results season will be pretty interesting for Whispir, won’t it?

DF: Yeah. I think these businesses they’ve just got to stop burning cash. This is not a market where you can raise money easily, or if you want to raise money, it’s going to be expensive because your share prices are so trash. 

So it’s certainly one that if they start making the right noises, then I’d consider adding it to my portfolio.

MF: And the third one is Maggie Beer Holdings Ltd (ASX: MBH), which has halved since February. It’s another one that you’ve discussed in the past. I wonder how you feel about it at this moment?

DF: Yeah… we’ve recently sold it. Their dairy assets, they’re trying to sell them, but they haven’t sold them yet. I think there’s some challenges in terms of getting a decent price for them. 

But Maggie Beer products I think are selling quite well. The Hampers Emporium business, the online business that they bought a couple of years ago, is a good business, but I think it was a real COVID play.

You’ve seen it across the board with Adore Beauty Group Ltd (ASX: ABY), Temple & Webster Group Ltd (ASX: TPW), Kogan.com Ltd (ASX: KGN), and the like, all these online businesses had a great [few years]. 

As everyone gets back to normal, they’re more likely to spend money going on an overseas holiday or interstate rather than sending a hamper to their friends. So I think there’s some pressure there. 

Plus, on the cost side, in terms of packaging, logistics, transport, and the like, these businesses, their margins are going to come under pressure. And when you don’t have an enthusiastic client base, I think their margins are going to continue to get squeezed in the medium term.

MF: Did you end up selling at a loss or a gain?

DF: We held it for quite a long period of time. Let me just have a look. We might have been close to square. Maybe a moderate profit. 

We would have done really nice if we’d sold at 50 or 60 cents, but we sold it in the high 30s, low 40s, having bought it a couple of years previously. So it wasn’t as good as we thought it would have been. 

The post ‘Great long-term investment’: Expert names small-cap ASX share to buy for cheap appeared first on The Motley Fool Australia.

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More reading

• Guess which ASX All Ords shares are serving up 15% gains today

Motley Fool contributor Tony Yoo has positions in Microsoft, Temple & Webster Group Ltd, and Whispir Ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Activision Blizzard, Kogan.com ltd, Microsoft, Temple & Webster Group Ltd, and Whispir Ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Adore Beauty Group Limited. The Motley Fool Australia has positions in and has recommended Kogan.com ltd. The Motley Fool Australia has recommended Activision Blizzard, Adore Beauty Group Limited, Temple & Webster Group Ltd, and Whispir Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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On Wednesday, the S&P/ASX 200 Index (ASX: XJO) had one of its best days of the year. The benchmark index rose a massive 1.65% to 6,759.2 points.

Will the market be able to build on this on Thursday? Here are five things to watch:

ASX 200 expected to fall

The Australian share market is expected to fall on Thursday despite another solid night on Wall Street. According to the latest SPI futures, the ASX 200 is expected to open the day 28 points or 0.4% lower this morning. On Wall Street, the Dow Jones was up 0.15%, the S&P 500 rose 0.6%, and the NASDAQ stormed 1.6% higher.

ANZ shares to return

The Australia and New Zealand Banking Group Ltd (ASX: ANZ) share price is scheduled to return to trade this morning. This follows the completion of the institutional component of the banking giant’s capital raising. ANZ is raising $3.5 billion at a 12.7% discount of $18.90 to fund the acquisition of the banking operations of Suncorp Group Ltd (ASX: SUN) for $4.9 billion. The bank’s plan has received a relatively mixed reaction from the market.

Oil prices tumble

Energy shares including Santos Ltd (ASX: STO) and Woodside Energy Group Ltd (ASX: WDS) could have a tough day after a poor night of trade for oil prices. According to Bloomberg, the WTI crude oil price is down 1.5% to US$102.61 a barrel and the Brent crude oil price is down 0.5% to US$106.77 a barrel. Softening US gasoline demand weighed on prices.

Gold price sinks

Gold miners Evolution Mining Ltd (ASX: EVN) and Regis Resources Limited (ASX: RRL) could have a poor day after the gold price sank overnight. According to CNBC, the spot gold price is down 1% to US$1,693.4 an ounce. Improving risk sentiment and a strong US dollar put pressure on the safe haven asset.

Zip Q4 update

The Zip Co (ASX: ZIP) share price will be one to watch this morning when the buy now pay later (BNPL) provider releases its fourth quarter and full year update. According to a note out of Macquarie, its analysts are expecting Zip to report a 59.9% increase in revenue to $644.24 million for FY 2022.

The post 5 things to watch on the ASX 200 on Thursday appeared first on The Motley Fool Australia.

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More reading

• The Accent share price has already surged 18% in FY23. What’s next?
• Here are the top 10 ASX shares today
• After a horror year, will FY23 see the VAS ETF bounce back?
• Here are the 3 most heavily traded ASX 200 shares on Wednesday
• Why this fundie believes Woodside shares are still an ‘attractive investment’

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 ZIPCOLTD FPO. 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.

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If you’re interested in investing at the small side of the market, then you may want to look at the shares below.

These small cap ASX shares have been rated as buys and tipped to have major upside potential. Here’s what you need to know about them:

Adore Beauty Group Limited (ASX: ABY)

The first small cap to look at is Adore Beauty. It is Australia’s leading online beauty retailer. Despite its leadership position and almost 1 million customers, it is still only commanding a modest share of the $11 billion+ Australian beauty and personal care (BPC) market. This gives it a long growth runway as more and more sales shift online.

Morgan Stanley is a fan of the company. It has an overweight rating and $1.90 price target on its shares. This compares favourably to the current Adore Beauty share price of $1.11.

Catapult Group International Ltd (ASX: CAT)

Another small cap to look at is Catapult. It is a global sports technology company that provides elite sporting organisations with real time data and analytics to monitor and measure athletes. It has been growing its annual contract value (ACV) at a solid rate in recent years and expects this to continue in FY 2023. Management recently provided ACV growth guidance of between 20% to 25% with a low ACV churn level in the range of 4.5% to 6%.

The team at Jefferies currently has a buy rating and $2.00 price target on the company’s shares. This compares to the latest Catapult share price of 99.5 cents.

Hipages Group Holdings Ltd (ASX: HPG)

A final ASX small cap share to look at is Hipages. It is a leading online platform provider that provides job leads to tradies from homeowners and organisations looking for qualified professionals. Analysts at Goldman Sachs are very positive on the company due to its belief that the company can capture a significant portion of industry advertising spend in the future. In fact, it has likened Hipages to the early days of Carsales.com Ltd (ASX: CAR) and REA Group Limited (ASX: REA).

Goldman Sachs has a buy rating and $2.50 price target on its shares. This is more than double the current Hipages share price of $1.10.

The post Analysts name 3 exciting small cap ASX shares with major upside potential appeared first on The Motley Fool Australia.

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More reading

• Up 16%: The Adore Beauty share price is soaring higher
• Why did the Adore Beauty share price sink over 70% in FY22?
• Why the Adore Beauty share price fell another 20% in June
• Analysts say these small cap ASX shares have huge potential
• Why I think the Adore Beauty share price is a great buy today

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 Catapult Group International Ltd and Hipages Group Holdings Ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Adore Beauty Group Limited. The Motley Fool Australia has positions in and has recommended Catapult Group International Ltd and Hipages Group Holdings Ltd. The Motley Fool Australia has recommended Adore Beauty Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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Are you looking for dividend shares to add to your income portfolio? If you are, then the two listed below could be top options.

Both have been named as buys and tipped to provide attractive yields in the coming years. Here’s what you need to know about them:

Coles Group Ltd (ASX: COL)

The first ASX dividend share to look at is this supermarket, convenience, and liquor store operator.

Coles could be a top option for income investors due to its strong market position, positive exposure to inflation, and its favourable dividend policy. The latter sees the company pay out upwards of 90% of profits as dividends to shareholders.

One broker that is a big fan of Coles is Citi. Its analysts have a buy rating and $19.30 price target on its shares.

As for dividends, the broker is forecasting fully franked dividends of 63 cents per share in FY 2022 and 72 cents per share in FY 2023. Based on the current Coles share price, this will mean yields of 3.4% and 3.9%, respectively.

DEXUS Property Group (ASX: DXS)

Another ASX dividend share to look at is Dexus. It is an Australian real estate company focused on office, industrial and retail properties.

Dexus never rests on its laurels and is always looking for ways to boost its portfolio. For example, during this financial year, the company made a $1.5 billion acquisition of industrial assets. These assets include Jandakot Airport in Perth and a logistics centre leased to Australia Post. It also purchased the Collimate RE and domestic infrastructure business from AMP Limited (ASX: AMP).

Ord Minnett is positive on the company. Last week it upgraded the company’s shares to a buy rating with a $11.50 price target.

As for dividends, it is forecasting dividends per share of 53 cents in FY 2022 and 55 cents in FY 2023. Based on the current Dexus share price of $9.47, this will mean yields of 5.6% and 5.8%, respectively.

The post Brokers name 2 ASX dividend shares to buy now appeared first on The Motley Fool Australia.

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More reading

• Can ASX dividend shares deliver during earnings season?
• Could ASX earnings season be ‘a lot better than what the market is positioned for’?
• Brokers: Buy these 2 leading ASX 200 shares in July
• AMP share price in focus as Mirvac wins control of $7.7 billion office fund
• 2 highly rated ASX dividend shares that brokers say are buys

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 no position in any of the stocks mentioned. The Motley Fool Australia has positions in and has recommended COLESGROUP DEF SET. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Fortescue Metals Group Limited (ASX: FMG) share price finished in the green today.

The mining giant’s share price closed 5.23% higher on Wednesday at $17.90. For perspective, the S&P/ASX 200 Index (ASX: XJO) also climbed 1.65% today.

Let’s take a look at what happened to the Fortescue Metals share price today.

Iron ore futures rise

The company’s shares lifted amid a positive day for the materials sector.

Indeed, Fortescue was not the only exploration company to rise today. The share price of BHP Group Ltd (ASX: BHP) increased 1.37% while Rio Tinto (ASX: RIO) shares gained 2.18%.

The S&P/ASX 200 Materials Index (ASX: XMJ) also rose 2.5% today. ASX 200 lithium shares, in particular, lifted today amid concerns of a shortage of battery materials.

Meantime, it was reported iron ore prices may be buoyed by lower production guidance from Brazilian iron ore giant Vale SA (NYSE: VALE), according to Bloomberg. This may support commodity prices for iron ore and present an opportunity for competitors, the publication noted.

Iron ore futures in Singapore lifted by 2.8% while Dalian Commodity Exchange futures gained 1.5% in Asian markets, Bloomberg reported.

Jeffries analysts predicted demand for iron ore will increase due to the impacts of China’s stimulus. The broker said in comments cited by Bloomberg:

Based on our analysis, iron ore and coal should be the best of the major commodities in mining for the rest of this year.

However, as my Foolish colleague James reported yesterday, Goldman Sachs analysts are predicting iron ore prices to lower in 2023 to US$100 per tonne. But, for 2022, Goldman has placed a US$120 per tonne price forecast on iron ore.

Share price snapshot

The Fortescue share price has lost nearly 29% in the past year, while it has shed nearly 7% year to date.

For perspective, the benchmark ASX 200 index has lost nearly 7% in the past year.

Fortescue has a market capitalisation of more than $55.1 billion based on the current share price.

The post Why did the Fortescue share price leap 5% on Wednesday? appeared first on The Motley Fool Australia.

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More reading

• Which ASX rich listers have grown their fortunes over the past year?
• What’s the outlook for the iron ore price in 2023?
• Down 12% in a month, is the Fortescue share price a buy?
• Here are the 3 most heavily traded ASX 200 shares on Friday
• Here’s why the Fortescue share price is falling 6% into the dirt today

Motley Fool contributor Monica O’Shea 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.

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The AGL Energy Limited (ASX: AGL) share price closed 2.7% higher on Wednesday. The utilities share finished trade at $8.37 a share.

Top broker JP Morgan says the company has the most to gain from increased wholesale electricity prices.

According to a report in the Australian Financial Review (AFR), JP Morgan has upgraded its guidance on AGL Energy from neutral to overweight.

It has also increased its 12-month share price target for AGL from $9.15 to $10.60.

Why JP Morgan is bullish on the AGL share price

Analyst Mark Busuttil said, “higher wholesale prices have a material impact on earnings and value”.

JP Morgan projects average wholesale electricity prices of $208 per megawatt hour in 2022. This is a 93% upgrade. The broker also projects $179 per megawatt hour in 2023 (a 92% upgrade) and $116 per megawatt hour in 2024 (up 45%).

Busuttil said the key risk is operational, with an increasing likelihood of unplanned outages at baseload plants.

AGL has endured extended outages at its Loy Yang A coal power plant in Victoria.

Net profits to grow exponentially

JP Morgan now forecasts AGL Energy to earn a net profit of $239 million in FY22. It is tipping a net profit of $555 million in FY23 and $1.32 billion in FY24.

The broker acknowledges that today’s commodity prices are not sustainable.

However, “the challenges in addressing current constraints mean that we expect elevated prices for some time”.

The AGL share price is up 36% in the year to date.

The post ‘Elevated prices’ give AGL share price a shot at 26% upside: JP Morgan appeared first on The Motley Fool Australia.

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• AGL share price lifts as Brookfield caught buying

JPMorgan Chase is an advertising partner of The Ascent, a Motley Fool company. Motley Fool contributor Bronwyn Allen 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.

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The Life360 Inc (ASX: 360) share price finished the session on Wednesday up 8.44% to $4.24.

This means over the past month, the ASX technology share has increased in value by nearly 69%.

Life360 is the company behind the Life360 app, which is the leading real-time location-sharing app used by families worldwide. At last count, it had more than 30 million active monthly users.

Has this share price boost made it too late to buy Life360?

As my Fool colleague James wrote this week, broker Bell Potter is positive on Life360.

Bell Potter has a price target of $7.50 on Life360 shares. So, if we take this broker’s word as gospel, then nope, it’s not too late to buy the ASX tech share.

While the company is generating material annual recurring revenue (ARR), it is not yet profitable.

But Bell Potter likes Life360’s growth trajectory, strong balance sheet, and the expectation it will be cash flow positive from the fourth quarter of FY23.

Until then, Life360 “has more than sufficient cash to fund its operations”.

Bell Potter says:

[The company] has the potential to leverage its large and growing user base to enter new markets and disrupt the legacy incumbents … insurance, item & pet tracking, senior monitoring, home security and/or identity theft.

The broker added: “The company has also recently made two acquisitions – Jiobit and Tile – so that now it not only connects and protects people but also pets and things.”

That’s Life360

Taking into account the past month’s gains, the Life360 share price is down by more than 56% over the year to date.

The post The Life360 share price has rocketed 69% in a month. Is it too late to buy? appeared first on The Motley Fool Australia.

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More reading

• Broker names 2 ASX growth shares to buy now
• Here’s why analysts are tipping these ASX growth shares as buys
• Has a turnaround already begun for ASX tech shares? Experts reveal the outlook for FY23
• Why is the Life360 share price soaring 12% today?
• These 3 ASX 200 tech shares are on fire today

Motley Fool contributor Bronwyn Allen 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 Life360, Inc. 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.

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We are only 20 days into the 2023 financial year. But even so, the Accent Group Ltd (ASX: AX1) share price has given investors a start to the year to remember.

This ASX 200 footwear retailer and owner of the Athlete’s Foot, Platypus, and HYPEDC brands was going for $1.24 a share back on 30 June. But as it stands today, Accent has closed at $1.45 a share, up a healthy 3.57% this Wednesday.

That means that the Accent share price has put on an extremely impressive 18% or so over just the past 20 days.

But, zooming out, the picture is not quite as rosy. Accent has had a rocket of a run in recent weeks. But the company remains down a painful 40.82% year to date in 2022. It’s also down more than 46% over the past 12 months.

So what might be next for the Accent share price? Will the recent run of good fortune keep going?

What’s next for the Accent share price?

Well, one ASX broker who reckons the good times might just keep on rolling for Accent shares is Bell Potter. As my Fool colleague James covered just last week, Bell Potter has recently retained a buy rating on Accent shares.

That came with a 12-month share price target of $2.20. If that were to come to pass, it would mean a potential upside of almost 52% from the current pricing.

Bell Potter likes Accent for its “dominant market share in the Australian footwear retailing industry and growth outlook in the youth focused sports apparel”.

It is also expecting big things when it comes to the Accent dividend. It has already pencilled in a total of 5.8 cents per share in fully franked dividends from Accent for FY2022. But it reckons this will almost double to 10.7 cents per share by the end of FY2023.

So that’s a fairly unambiguous endorsement of the Accent share price at today’s levels, and one that will no doubt be received with enthusiasm from investors. But we shall just have to wait and see if Bell Potter is on the money here.

In the meantime, today’s closing Accent Group share price gave this ASX 200 retailer a market capitalisation of $785 million, with a dividend yield of 3.97%.

The post The Accent share price has already surged 18% in FY23. What’s next? appeared first on The Motley Fool Australia.

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• Here are the top 10 ASX shares today
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• Here are the 3 most heavily traded ASX 200 shares on Wednesday
• Are Telstra shares still worth holding for dividend income today?
• What market prediction sent the Magellan share price spiking 9% today?

Motley Fool contributor Sebastian Bowen 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 Accent Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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