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Are you looking for dividend shares to buy? If you are, then you may want to look at the shares listed below that have been named as buys by analysts.

Here’s why these ASX 200 dividend shares could be in the buy zone:

Super Retail Group Ltd (ASX: SUL)

The first ASX 200 dividend share that could be in the buy zone is Super Retail. It is the retail conglomerate behind the BCF, Macpac, Rebel, and Supercheap Auto brands.

Analysts at Citi are positive on the company and recently noted that the Federal Budget could be a boost for its brands. In light of this, it believes recent weakness in the Super Retail share price could be a buying opportunity.

Citi has put a buy rating and $14.80 price target on the company’s shares. The broker is also expecting generous yields in the near term and has forecasts fully franked dividends of 63 cents per share in FY 2022 and 62 cents per share FY 2023.

Based on the latest Super Retail share price of $10.82, this will mean yields of ~5.8% for investors.

Telstra Corporation Ltd (ASX: TLS)

Another ASX 200 dividend share for investors to look at is telco giant, Telstra.

Following years of earnings declines and dividend cuts brought about by the rollout of the NBN, Telstra’s outlook has arguably become the best it has been in over a decade.

The key to its positive outlook is successful execution of its T22 strategy and the new T25 strategy. The latter sees management targeting solid and sustainable growth in the coming years.

Morgans is very positive on the telco giant and has an add rating and $4.56 price target on its shares.

It is also expecting fully franked dividends per share of 16 cents in FY 2022 and FY 2023. Based on the current Telstra share price of $4.04, this will mean yields of 4% for investors.

The post Analysts name 2 top ASX 200 dividend shares to buy appeared first on The Motley Fool Australia.

More reading

• Here are the 3 most heavily traded ASX 200 shares on Thursday
• After going backwards in 2022, could the Telstra share price be set to dial up some gains this quarter?
• Here are the 3 most heavily traded ASX 200 shares on Wednesday
• Here are the ASX retail share winners and losers of the last quarter
• Do experts think the Telstra share price is good value right now?

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. owns and has recommended Super Retail Group Limited. The Motley Fool Australia owns and has recommended Super Retail Group Limited and Telstra Corporation Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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On Thursday, the S&P/ASX 200 Index (ASX: XJO) was on form again and pushed higher. The benchmark index rose 0.3% to 7,592.8 points.

Will the market be able to build on this on Friday and end the week on a high? Here are five things to watch:

ASX 200 expected to sink

The Australian share market looks set to end its winning streak following a poor night of trade on Wall Street. According to the latest SPI futures, the ASX 200 is expected to open the day 63 points or 0.8% lower this morning. In the US, the Dow Jones dropped 1%, the S&P 500 was down 1.5%, and the Nasdaq sank 2.1% after the US Federal Reserve hinted at a big rate hike next month.

Oil prices rise

Energy producers including Beach Energy Ltd (ASX: BPT) and Woodside Petroleum Limited (ASX: WPL) could have a decent finish to the week after oil prices pushed higher. According to Bloomberg, the WTI crude oil price is up 1.2% to US$103.39 a barrel and the Brent crude oil price is up 1.1% to US$107.97 a barrel.

Endeavour remains a buy

The Endeavour Group Ltd (ASX: EDV) share price remains great value according to Goldman Sachs. In response to the alcohol retailer’s quarterly update, the broker reiterated its conviction buy rating and lifting its price target to $8.30. Goldman said: “We continue to believe that EDV is unrivaled in its capability to deliver a seamless omni-channel experience to consumers and can manage well through short-term cost volatilities with a less price-sensitive portfolio and high consumer loyalty.”

Gold price falls

Gold miners Newcrest Mining Ltd (ASX: NCM) and St Barbara Ltd (ASX: SBM) could have a subdued finish to the week after the gold price edged lower. According to CNBC, the spot gold price is down slightly to US$1,954.7 an ounce. Traders were selling gold after treasury yields jumped.

Bega Cheese downgraded

The Bega Cheese Ltd (ASX: BGA) share price could have a difficult finish to the week. This morning Goldman Sachs downgraded the food company’s shares to a sell rating with a $5.15 price target. The broker explained: “While our call is largely around the full valuation, we are concerned about the headwinds facing the Australian Dairy Industry and the potential impact on future earnings.”

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

More reading

• Here are the top 10 ASX shares today
• Here are the 3 most heavily traded ASX 200 shares on Thursday
• Why Australian Ethical, BHP, Endeavour, and Megaport shares are tumbling today
• ASX 200 midday update: BHP, Megaport, and Zip release Q3 updates
• ‘Another period of volatility’: What’s going on with the Endeavour share price 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 no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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If you’re interested in adding some S&P/ASX 200 Index (ASX: XJO) shares to your portfolio, then the three listed below could be top options.

These ASX 200 shares have been named as buys with meaningful upside potential. Here’s what you need to know about them:

Seek Limited (ASX: SEK)

The first ASX 200 share that could be a buy is this leading job listings company. Seek appears well-positioned for growth thanks to its leadership position in the ANZ market, strong pricing power, and exposure to the region’s recovery from the COVID-19 pandemic.

Morgan Stanley is a fan of Seek. Its analysts currently have an overweight rating and $36.00 price target on its shares. It expects Seek to benefit from the tight labour market and higher than normal rates of job churn.

TechnologyOne Ltd (ASX: TNE)

Another ASX 200 share to look at is enterprise software provider TechnologyOne. It is currently transitioning to become a software-as-a-service (SaaS) focused business. Pleasingly, management has a lot of confidence in the transition and is aiming to almost double its annual recurring revenue (ARR) to $500 million by FY 2026.

The team at Goldman Sachs is very positive on Technology One. So much so, this week the broker initiated coverage on the company’s shares with a buy rating and $14.00 price target. Goldman believes the risks are to the upside for TechnologyOne’s ARR target.

Westpac Banking Corp (ASX: WBC)

A final ASX 200 share that could be in the buy zone is Westpac. Australia’s oldest bank has seen its shares underperform peers materially over the last six months. This is unwarranted according to analysts at Morgans, which see “considerable value” in the bank’s shares. Especially given its “expectation of significant cost out by FY24F.”

Morgans has an add rating and $29.50 price target on the bank’s shares.

The post Analysts name 3 ASX 200 shares to buy now appeared first on The Motley Fool Australia.

More reading

• Westpac share price lifts despite $12 million ASIC fine
• Goldman Sachs has just slapped buy ratings on these ASX tech shares
• Leading brokers name 3 ASX shares to buy today
• 2 ASX 200 dividend giants named as buys by brokers
• Does Westpac have a dividend reinvestment plan?

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

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Today, the S&P/ASX 200 Index (ASX: XJO) moved closer to its all-time high of 7,632 points as the market rallied for the fifth day in a row. At the end of the session, the benchmark index finished 0.31% higher at 7,592.8 points.

Positive sentiment was alive and well inside the Aussie share market today. Nearly 70% of shares in the ASX 200 closed the day higher. The biggest gains could be found across the industrials and real estate sectors.

On the flip side, it was a difficult day for tech and mining companies. The hardest-hit share out of the entire bunch was cloud interconnectivity company Megaport Ltd (ASX: MP1), falling 21%.

However, the question is: which shares delivered the biggest returns to investors on the ASX today? Here are the top ten stocks that came through for investors:

Top 10 ASX shares countdown today

Looking at the top 200 listed companies, Challenger Ltd (ASX: CGF) was the biggest gainer today. Shares in the financial services company appreciated by 9.81% following the release of its quarterly update. Find out more about Challenger here.

Following closely behind today was supply chain equipment pooling company, Brambles Ltd (ASX: BXB). A relatively positive quarterly trading update left investors pleased, translating into a 7.98% rise in shares by the end of the day. Uncover the latest Brambles details here.

Today’s top 10 biggest gains were made in these ASX shares:

ASX-listed company	Share price	Price change
Challenger Ltd (ASX: CGF)	$7.50	9.81%
Brambles Ltd (ASX: BXB)	$10.82	7.98%
Lendlease Group (ASX: LLC)	$12.06	5.05%
Viva Energy Group Ltd (ASX: VEA)	$2.72	4.62%
Cochlear Ltd (ASX: COH)	$236.16	3.94%
Qantas Airways Ltd (ASX: QAN)	$5.64	3.87%
AMP Ltd (ASX: AMP)	$1.085	3.83%
Ramsay Health Care Ltd (ASX: RHC)	$82.99	3.74%
Zimplats Holdings Ltd (ASX: ZIM)	$33.51	3.71%
Centuria Capital Group (ASX: CNI)	$2.84	3.27%

Our top 10 ASX shares today countdown is a recurring end-of-day summary to ensure you know which companies were making big moves on the day. Check in at Fool.com.au after the market has closed during weekdays to see which stocks make the countdown.

The post Here are the top 10 ASX shares today appeared first on The Motley Fool Australia.

More reading

• Why Betmakers, Brambles, Challenger, and Stockland shares are charging higher
• Here are the 3 most heavily traded ASX 200 shares on Thursday
• 3 ASX 200 stocks smashing 52-week highs today
• Here’s why the Brambles share price is soaring 7% today
• ASX 200 midday update: BHP, Megaport, and Zip release Q3 updates

Motley Fool contributor Mitchell Lawler has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Cochlear Ltd. and MEGAPORT FPO. The Motley Fool Australia has recommended Challenger Limited, Cochlear Ltd., MEGAPORT FPO, and Ramsay Health Care Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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ASX mining share Iceni Gold Ltd (ASX: ICL) surged today after the company revealed drilling had intersected gold at its Everleigh Well.

The company’s shares shot up 34.78% and finished the day at 15.5 cents. In afternoon trade, shortly after Iceni released the news, its shares surged by as much as 39% to 16 cents.

Let’s take a look at what this ASX mining share announced today.

Gold intersected

In an announcement to the ASX this afternoon, Iceni revealed gold was intersected in drilling at the Everleigh Well target area of the 14 Mile Well gold project area. This project is located in Laverton, Western Australia.

At hole FMDD0032, drilling intersected a “broad zone of structural disruption”. Gold was found at a downhole depth of 224.6 metres.

Iceni said geological analysis of structures, alteration, and gold associated with sulphides is “highly encouraging”.

Commenting on the results in a statement signed off by the board of the ASX mining share, the company said:

The observation of native gold associated with sulphides is significant as it demonstrates the structures at this location are carrying gold mineralisation.

This result opens up the potential for the Castlemaine Fault to host gold.

Iceni will do further analysis of the drill core to get a better insight into the geology and mineral system of the Everleigh target area.

This company considers a 30km long stretch within the project to be prospective for gold mineralisation.

Assay results for the drill hole are expected at the end of quarter two.

Iceni Gold share price summary

The Iceni Gold share price has plummeted 34% in the past year, while it has fallen 16% in the year to date. However, in the past month, this ASX mining share has rocketed by nearly 35%.

For perspective, the S&P/ASX 200 Index (ASX: XJO) has returned more than 8% in the past year.

Iceni Gold has a market capitalisation of 19.9 million based on its current share price.

The post Gold discovery sends this ASX mining share soaring 35% appeared first on The Motley Fool Australia.

More reading

• 3 ASX All Ordinaries shares rocking all-time highs today
• Why did the Woomera Mining share price surge 28% before being halted?
• Top brokers name 3 ASX shares to buy today
• 2 rapidly growing ASX shares that are on sale: experts
• Betmakers share price rockets 21% as new betting venture unveiled

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

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Well, it was another top day of trading today for the All Ordinaries Index (ASX: XAO). The All Ords ended up finishing this Thursday at just under 7,900 points, its highest level since January.

But it was an even better day for some ASX All Ords shares. So here are three that managed to hit new all-time highs over today’s session.

3 All Ordinaries shares that just hit a new record high

Johns Lyng Group Ltd (ASX: JLG)

Building company Johns Lyng Group is our first share that’s had a happy occasion today. This All Ords share started trading at $9.10 a share this morning, but rose to $9.33 just before noon. That’s a new record high for Johns Lyng, and a long way from the company’s 52-week low of $3.86 a share.

There hasn’t been any official news out from the company that might explain this move. However, a top fund manager in WAM has just revealed why they like the company, which may have influenced today’s share price movements. Today’s move means that the Johns Lyng share price is now up an impressive 134% over the past 12 months.

The company closed just below this new high watermark at $9.22, up a healthy 2.67%.

Stanmore Resources Ltd (ASX: SMR)

All Ords mining company Stanmore Resources is up next today. This metallurgical coal share ended up closing at $2.11 today, up a pleasing 5.5%. That’s despite no new news out from the company.

But earlier in today’s session, Stanmore Resources hit a new all-time high of $2.14 a share. Again, that puts the company a long way from its 52-week low of just 30 cents. Over the past 12 months, Stanmore shares have gained a whopping 230%.

Aussie Broadband Ltd (ASX: ABB)

Fledgling All Ordinaries telco Aussie Broadband is our final share worth checking out today. In Aussie’s case, we saw an initial spike in trading today that is responsible for this company’s new all-time high of $6.03. That’s despite no news out of Aussie over April so far.

The shares ended up closing at $5.95 though, still up by 0.68% today. Aussie Broadband’s 95.4% return over the past 12 months has no doubt been pleasing for investors, who endured a 52-week low of $2.46 a share last year.

The post 3 ASX All Ordinaries shares rocking all-time highs today appeared first on The Motley Fool Australia.

More reading

• How the federal election will impact ASX shares: top economist
• Top fund manager reveals 2 undervalued ASX shares to buy
• 3 ASX mining shares that rocketed 20% or more today
• These were the top 3 ASX energy shares of the March quarter
• Maximise ASX share gains or invest ethically? The SUPER dilemma

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. owns and has recommended Aussie Broadband Limited. The Motley Fool Australia has recommended Aussie Broadband Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Woomera Mining Ltd (ASX: WML) share price jumped 28% this morning before the company requested its shares be placed in a trading halt.

As such, the mineral explorer’s shares are frozen at 32 cents apiece. It’s worth noting that Woomera shares have surged by almost 90% over the past month.

What caused the trading halt?

During the early hours of the afternoon, Woomera requested its share price be halted while it prepares an announcement.

According to the release, the company is planning to make an announcement regarding the commencement of drilling at Mt Venn.

Woomera has requested that the trading halt remains in place until Tuesday 26 April or following the release of the announcement, whichever comes first.

What drove Woomera shares up 28%?

The Woomera share price rocketed by 28% before the trading halt was called. While details remain unknown about the company’s latest drilling campaign, we take a look at its previous announcements.

Woomera holds an 80% interest in the Mt Venn Joint Venture, located 125km northeast of Laverton in the Eastern Goldfields region of Western Australia. The remaining 20% stake is held by fellow Australian-based resources company, Cazaly Resources Limited (ASX: CAZ).

Recently, the company advised that a 2,000-metre reverse circulation (RC) drilling program will kick off at Mt Venn this month. This comes as the company discovered Ni-Cu-PGE mineralisation last year.

Ni-Cu-PGE stands for a number of different minerals. The first stands for nickel (Ni), and then copper (Cu). PGE represents a ‘platinum group elements’ consisting of palladium (Pd), iridium (Ir), osmium (Os), rhodium (Rh), and ruthenium (Ru).

Earlier this month, Woomera chair Ian Gordon commented:

Our flagship Mt Venn project has every chance of delivering a major new discovery and we look forward to getting on the ground in April in what will be a period of very exciting drilling activity for Woomera.

It appears investors are bracing for good things to come after the company delivered promising results from previous drilling campaigns.

About the Woomera share price

Since this time last year, Woomera shares travelled mostly sideways before rocketing over the past three weeks. Its shares have gained 40% for the 12-month period.

However, in 2022, Woomera shares have skyrocketed by 88% following strong price gains in the commodity markets.

Based on valuation grounds, the company has a market capitalisation of roughly $21.97 million, with approximately 686.83 million shares outstanding.

The post Why did the Woomera Mining share price surge 28% before being halted? appeared first on The Motley Fool Australia.

More reading

• Top brokers name 3 ASX shares to buy today
• 2 rapidly growing ASX shares that are on sale: experts
• Betmakers share price rockets 21% as new betting venture unveiled
• Here’s why brokers love these ASX 200 mining shares
• Appen shares may be at a 5-year low, but their dividend yield has never been higher

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 Bruce Jackson.

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Many of Australia’s top brokers have been busy adjusting their financial models again, leading to the release of a large number of broker notes this week.

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

Bank of Queensland Limited (ASX: BOQ)

According to a note out of Citi, its analysts have retained their buy rating and $10.25 price target on this regional bank’s shares. The broker believes the post-result market selloff was unjustified and has created a buying opportunity for investors. It feel the current price to book value of 0.8x and dividend yield of 6%+ are too low for a bank that delivers ~9% cash return on equity. The Bank of Queensland share price is currently trading at $8.06.

Rio Tinto Limited (ASX: RIO)

Another note out of Citi reveals that its analysts have upgraded this mining giant’s shares to a buy rating with a $135.00 price target. This follows the release of Rio Tinto’s quarterly update, which revealed production that fell short of Citi’s forecasts. However, the broker notes that management has retained its full year guidance. And while Citi now expects the mining giant to achieve just the low end of its iron ore guidance range, a sharp increase to its iron ore price forecasts offsets this and boosts the broker’s earnings estimates. The Rio Tinto share price is fetching $116.66 today.

Santos Ltd (ASX: STO)

Analysts at Morgans have retained their add rating and lifted their price target on this energy company’s shares to $10.10. This follows the announcement of a US$250 million on-market share buyback. The broker believes this is a signal that management believes the current Santos share price is cheap despite it trading at multi-year highs. In addition, Morgans was pleased to see Santos prioritising shareholder returns, particularly during periods of elevated earnings. The Santos share price is trading at $8.39 today.

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

More reading

• The Rio Tinto dividend was paid today. Here’s the lowdown
• Oil boom: Santos share price climbs following record quarter
• Is the Rio Tinto share price in the buy zone after its quarterly update?
• 5 things to watch on the ASX 200 on Thursday
• Why AGL, Hub24, Rio Tinto, and Zip shares are dropping

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 no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Betmakers Technology Group Ltd (ASX: BET) share price exited a trading halt on Thursday with news of a major agreement.

Betmakers will be supplying technology and services to a new wagering venture – operated by a consortium made up of News Corporation (ASX: NWS); Tekkcorp Capital, run by Betmakers’ largest shareholder, Matt Davey; and TGW, a trust that counts gambling entrepreneur Matt Tripp among its investors.

As of Thursday’s close, the Betmakers share price is 78 cents, 20.93% higher than its previous close.

Let’s take a closer look at the news that’s got the market excited over the betting technology developer and provider.

Betmakers share price launches on major agreement

The Betmakers share price is rocketing on news the company will be involved with a new betting venture.

The venture – so far dubbed NTD – is planning to run a new online wagering product in Australia and New Zealand. It’s expected to be launched in the second half of 2022.

The company has entered into a 10-year exclusive agreement to provide the venture’s platform technology and wagering solutions.

The agreement will provide multiple revenue streams over its life and potentially culminate in more than $300 million of revenue.

Getting to the nitty-gritty, Betmakers will receive a $2 million platform establishment fee.

It will also get a launch development fee of $500,000 a month between signing and the ‘go live’ date. The ‘go live’ date is expected to be within the next six months.

From then, it will receive at least $7.5 million each year, increasing with CPI annually, for development and services.

Finally, Betmakers will get an annual fee based on a revenue-sharing arrangement.

The agreement will initially represent 25% of the venture’s ongoing net gaming revenue. Though, Betmakers’ share will drop by 1% each year as the business scales.

The revenue-sharing agreement will also be subject to an initial annual cap of $20 million. That cap will increase 10% each year for eight years and 5% each year thereafter.

Thus, on the final year of the agreement, Betmakers could receive $43 million.

All in all, the revenue sharing agreement represents approximately $313 million of potential revenue over its 10-year life.

Additionally, the agreement in its entirety will bring in a minimum of around $80 million in revenue over its life.

What did management say?

Commenting on the deal that has been powering the Betmakers share price today, CEO Todd Buckingham said:

We are delighted to have entered into this landmark agreement to be the [business-to-business (B2B)] supplier of wagering technology to a consortium with such high calibre investors, including a global media giant and two experts in wagering, Matt Tripp and Matt Davey …

We believe it validates our strategy and supports our view that the end-to-end B2B solution the company provides is an efficient and commercially viable way to successfully launch a wagering platform in today’s global wagering markets.

What else did Betmakers announce?

There are two other happenings announced by Betmakers today that could, feasibly, be impacting its share price.

First, the company announced that, under a previous strategic advisory agreement, Tripp has received 35 million performance rights for delivering a strategic deal.

Tripp has agreed to escrow the rights for three years in return for $15 million. He will continue to work with the company, exclusively advising on business-to-business opportunities.

Additionally, Davey is stepping down from the company’s board as of today.

Davey is the chair and CEO of Tekkorp Capital. He is leaving the board to devote his time to the new venture and other international pursuits.

“I’m excited to be handing over the reins to a very competent board that will now drive the company into the next phase of growth,” said Davey.

“As the largest shareholder in the company, I remain a committed shareholder that believes in the vision and direction of the company and hold great confidence the team is in place to execute on this strategy.”

Betmakers share price snapshot

Despite today’s gains, the Betmakers share price is still in the year-to-date red.

Right now, it’s 5% lower than it was at the start of 2022. It has also slipped 33% since this time last year.

The post Betmakers share price rockets 21% as new betting venture unveiled appeared first on The Motley Fool Australia.

More reading

• Why Betmakers, Brambles, Challenger, and Stockland shares are charging higher
• Betmakers share price halted amid reports of major News Corp deal
• The Betmakers share price is surging 6% on Tuesday. Could this be why?
• These are the 10 most shorted ASX shares
• These are the 10 most shorted ASX shares

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Betmakers Technology Group Ltd. The Motley Fool Australia has recommended Betmakers Technology Group Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Some ASX shares are displaying rampant growth. Despite that, there are a number that have fallen heavily in recent times.

While a lower share price doesn’t mean a business is necessarily better value, it does mean that the market capitalisation has dropped, which some investors may view as attractive.

Here are two ASX shares that fit that description:

Volpara Health Technologies Ltd (ASX: VHT)

The Volpara share price has dropped by 30% over the last six months and is currently 87 cents.

It’s currently rated as a buy by the broker Morgans with a price target of $1.94. That implies a potential upside of around 120%.

The ASX healthcare share recently released its update for the three months to 31 March 2022.

The breast screening software business reported growth in a number of different areas. Its market share has reached 35.5% of US women being screened, up from the prior quarter of around 35%.

Its quarterly cash receipts from customers were up 48% to NZ$8 million year-on-year. Meanwhile, cash receipts for the year to 31 March 2022 were up almost 45% to around NZ$28.5 million.

Annual recurring revenue (ARR) has reached NZ$31.8 million. This was an increase of more than US$700,000 from the third quarter of FY22. The company said that its software-as-a-service (SaaS) churn remains low.

Average revenue per user (ARPU) over the installed base was US$1.51 at the end of March 2022.

The company signed distribution deals in Italy and the Middle East during the quarter.

Today, the company announced the appointment of its first female CEO, Teri Thomas.

Pilbara Minerals Ltd (ASX: PLS)

The Pilbara Minerals share price has declined by more than 20% since 4 April this year to $2.85.

This ASX share is rated as a buy by the broker Citi, with a price target of $3.60. That implies a potential rise of more than 25% over the next year.

Citi notes the strong lithium price and this is expected to stay high for longer than initially expected.

The quarterly production in the three months to March 2022 by Pilbara Minerals was 81,431 dry metric tonnes (dmt) of spodumene concentrate. The average realised sales price in the quarter was around US$2,650.

The next Battery Material Exchange (BMX) auction is targeted in the last week of April, with 5,000 dmt planned for delivery during June 2022.

FY22 annualised production guidance is expected to be between 340,000 dmt and 380,000 dmt.

The rise in lithium prices is helping the company’s financials. FY22 half-year sales revenue jumped almost 400% to $291.7 million. It grew its earnings before interest, tax, depreciation, and amortisation (EBITDA) to $151.1 million, up from $3.2 million.

When the lithium ASX share released its FY22 half-year result, the Pilbara Minerals managing director Ken Brinsden said:

The outlook for Pilbara Minerals in the second half of FY22 and beyond remains extremely bright. The current momentum in lithium markets continues to demonstrate higher price outcomes and we are very well placed to participate in this as production and sales volumes from the combined Pilgangoora operation continue to increase. I am confident that a combination of hard work, innovation and focus on production growth will continue to drive our success.

The post 2 rapidly growing ASX shares that are on sale: experts appeared first on The Motley Fool Australia.

More reading

• Why is it such a mixed day of trade for ASX lithium stocks?
• Volpara share price slips despite milestone CEO change
• Macquarie is tipping another 40% upside for the Pilbara Minerals share price. Here’s why
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Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended VOLPARA FPO NZ. The Motley Fool Australia owns and has recommended VOLPARA FPO NZ. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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