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The Flight Centre Travel Group Ltd (ASX: FLT) share price has recorded strong gains over the past year, up 55%. This comes as Australia’s largest travel agent navigates through government-mandated travel restrictions and the COVID-19 headwind.

Below, we calculate how much Flight Centre shares would be worth if a shareholder invested 10 years ago.

What if you had invested $1,000 in Flight Centre shares 10 years ago?

If you had invested $1,000 in Flight Centre shares on this day 10 years ago, you would have bought them for around $14.63 each. This would have given you approximately 68 shares without factoring in any dividend reinvestments over the years.

Fast forward to today, and the current Flight Centre share price is $21.85. Those 68 shares would now be worth around $1,485.80 (68 shares x $21.85). When considering percentage terms, this implies an upside of 48.6%.

How do Flight Centre shares compare to the ASX 200?

On average, the ASX 200 has returned a yearly average of 6.01% to shareholders in the past decade. The most significant gain was achieved in 2019 when the index grew by 23.02%.

On the other hand, the biggest fall came in 2011, down by 10.84%. You might be thinking that 2020 would be on the list due to major COVID-19 disruptions, but the ASX 200 rebounded sharply during that year.

The travel agent’s shares have historically moved in circles whilst the benchmark ASX 200 has consistently trended upwards. In the past 10 years, the company has delivered a yearly average return of 4.09% since 2011.

And the dividends?

Over the last decade, Flight Centre has made 17 biannual dividend payments from 2011 to 2019. Its most recent dividend distributions have been suspended due to the pandemic severely affecting its operations and bottom line.

Adding those 17 dividends payments gives us an amount of $13.66 per share. Calculating the number of shares owned against the total dividend payment gives us a figure of $928.88 (68 shares x $13.66).

Counting both the initial investment gains and dividend distribution, an investor would have made roughly $2,414.68.

In comparison, investing the same amount in the ASX 200 would have netted you a total figure of $1,881.50.

Flight Centre share price snapshot

Up until late August, Flight Centre shares were trading mostly sideways. However, during the company’s full-year results release, its shares skyrocketed almost 60% in just 5 weeks.

Flight Centre has an attractive price-to-earnings (P/E) ratio of 7.07 and commands a market capitalisation of roughly $4.28 billion.

The post If you invested $1,000 in Flight Centre (ASX:FLT) shares a decade ago, here’s what it would be worth now appeared first on The Motley Fool Australia.

More reading

• A 15% correction? One expert’s advice for a sinking ASX 200
• 5 things to watch on the ASX 200 on Monday
• These were the worst performing ASX 200 shares last week
• These were the best performing ASX 200 shares last week
• Here are the top 10 ASX shares today

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 recommended Flight Centre Travel Group 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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It has been a bitterly disappointing year for the AGL Energy Limited (ASX: AGL) share price.

Since the start of the year, the energy company’s shares have lost just over half of their value.

This leaves AGL’s shares trading close to their lowest levels in over two decades.

Is the AGL share price good value now?

While the weakness in the AGL share price has been disappointing for shareholders, one leading broker believes it could have created a buying opportunity for non-shareholders.

According to a note out of Ord Minnett from late last month, the broker has upgraded the company’s shares to a buy rating with a $7.55 price target.

Based on the current AGL share price of $5.79, this implies potential upside of 30% over the next 12 months.

In addition, the broker has pencilled in a fully franked 35 cents per share dividend in FY 2022. This represents an attractive 6% yield.

What did the broker say?

Ord Minnett made the move on valuation grounds. It believes that the current AGL share price implies an overall valuation less than just its retail business.

In fact, it feels its valuation has dropped so much it could make it a takeover target. Though, the broker notes just for the retail business and not the less attractive power generation assets which are being spun off next year.

But who would buy the retail business? Ord Minnett has suggested that Telstra Corporation Ltd (ASX: TLS) could be a potential suitor.

The broker commented: “Telstra has expressed interest in growing its energy retailing business and we see substantial synergies between the largest telco company and the second-largest energy retailer.”

It believes Telstra’s extensive reach would help AGL grow in markets where it has a limited presence, such as Western Australia.

This could make the AGL share price one to watch in the coming months.

The post Why this broker sees 30% upside for the AGL (ASX:AGL) share price appeared first on The Motley Fool Australia.

More reading

• 2 ASX dividend shares with fully franked yields of more than 5% today
• Did Optus just get a better deal than Telstra (ASX:TLS) for its towers?
• Why did the AGL share price have such a lousy month in September?
• 4 ASX shares looking ripe for the picking now
• 3 reasons why the Telstra (ASX:TLS) share price could be a buy

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 owns shares of and has recommended 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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While the tech sector tumbled with the rest of the share market in September, not all tech shares dropped into the red.

Here’s why these were the best performing major tech shares last month:

Altium Limited (ASX: ALU)

The Altium share price was the best performer among the major tech shares last month with a sizeable 18.8% gain. This was despite there being no news out of the electronic design software company. However, the company’s shares had pulled back materially over the previous two months after Autodesk ended its takeover interest.

IDP Education Ltd (ASX: IEL)

The IDP Education share price wasn’t far behind with a strong 18.4% gain. This may have been driven by optimism over the vaccine rollout and a broker note out of UBS. In respect to the latter, the broker has retained its buy rating and lifted its price target on the language testing and student placement company’s shares to $36.40.

TechnologyOne Ltd (ASX: TNE)

The TechnologyOne share price was a strong performer in September and charged 15% higher during the month. This was driven by a bullish broker note out of Bell Potter. According to the note, the broker upgraded the company’s shares to a buy rating and lifted its price target on them by 28% to $12.50. Bell Potter notes that the company has announced the progressive cessation of support from October for customers who use its on-premise solution. Its analysts believe this will accelerate the rate of customers switching to its software-as-a-service (SaaS) offering.

WiseTech Global Ltd (ASX: WTC)

The WiseTech Global share price was on form and rose 11% during the month. This was despite there being no news out of the logistics solutions company. This latest gain means that the WiseTech share price is now up 74% since the start of the year.

The post These were the best performing ASX tech shares in September appeared first on The Motley Fool Australia.

More reading

• 3 fantastic ASX growth shares to buy in October
• 3 rapidly growing ASX shares to buy in October
• How have the WAAAX shares performed so far this year?
• ASX 200 tech correction? 5 of the worst-hit shares
• Why ASX tech shares are crashing on Wednesday

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 shares of and has recommended Altium, Idp Education Pty Ltd, and WiseTech Global. The Motley Fool Australia owns shares of and has recommended Altium and WiseTech Global. 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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One investment expert has warned the market is in “sell mode”, and that investors should act accordingly.

The S&P/ASX 200 Index (ASX: XJO) was hammered on Friday, sinking 2% for the day. That means it has lost an eye-watering 4% over the past month.

Fairmont Equities managing director Michael Gable forecasts that this is the start of a 10% to 15% correction.

“The market is in ‘sell’ mode. I am not one of those bearish analysts that have predicted 50 of the last 2 corrections. I have been bullish for quite a while now,” he said in a memo to clients on Friday. 

“However, now, finally, I am more defensive.”

Stop buying and free up some cash

Gable 3 weeks ago stopped buying and started to increase the cash position for his clients.

And the past several days have convinced him that that was the right move.

“Price action in the last few days is indicating that the pace of selling should now pick up,” he said. 

“Only once this is over do I believe it will be time to start buying again. In times like this, I like to have some cash ready on the sidelines.”

He added that it was legitimate to just hold on and ride out the correction, but being proactive in a sinking market can enhance the portfolio.

“The most effective way to try and outperform the market is to raise cash levels on the way down and then buy back in later,” said Gable.

“The market takes the lift down and the stairs on the way back up. This means that it makes sense that doing something different in a falling market is much more powerful than doing something different in a ‘steady as she goes’ rising market.”

Then buy up the bargains when the carnage stops

According to Gable, after the correction is done, there are plenty of reasons for the ASX 200 to rally once again.

So he’s looking forward to buying up some shares at bargain-basement prices once the market has turned around “in a few weeks or so from now”.

“I advised my clients to sell certain stocks and get defensive. Not many advisers are good at selling. Those of you who received advice during the GFC know this too well,” he said.

“We’ve had a great run off the COVID lows but it is going to be harder from here to make a return. You need to be a little active. Buying stocks is only half of it. Knowing when to sell is the bit that makes the difference.”

Shaw and Partners senior investment adviser Adam Dawes told The Motley Fool last week that he also likes to keep some cash aside for times such as this.

“We always like to keep at least 10% of clients’ money in the bank for opportunities — or using a broker expression, ‘Keeping your powder dry’.”

But he did warn of psychological damage if one decides to sell to free up capital when the market is falling.

“If you sell, then most clients don’t get back in as they are paralysed with fear as markets continue to recover,” he said.

“It is not wise to sell as markets always come back. March 2020 it came back within 6 months and GFC took a little longer.”

The post A 15% correction? One expert’s advice for a sinking ASX 200 appeared first on The Motley Fool Australia.

More reading

• 5 things to watch on the ASX 200 on Monday
• These were the worst performing ASX 200 shares last week
• These were the best performing ASX 200 shares last week
• Here are the top 10 ASX shares today
• The Flight Centre (ASX:FLT) share price is in the green today. Here’s why

Motley Fool contributor Tony Yoo 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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How did the Woolworths Group Ltd (ASX: WOW) share price perform over the first quarter of the 2022 financial year? As you probably know, we run on a ‘July to June’ financial year here in Australia. That means the first 3-month quarter of the financial year runs from 1 July to 30 September.

Well, that’s the quarter we’ve officially just finished up with. So how did Woolworths go?

Woolworths share price has strong start to FY22

Well, let’s first start off with the broader S&P/ASX 200 Index (ASX: XJO). It turns out that the ASX 200 had a pretty uneventful quarter, just going on the numbers. It started the financial year at 7,313 points, and finished up at 7,332.2 points on Thursday. That puts its quarterly performance at a gain of 0.26%. Not terrible, but nothing to write home about, one could say.

So let’s get to the Woolworths share price. Woolies started the financial year at a share price of $38.13. On Thursday, Woolworths shares closed at $39.13, up exactly $1 as it turns out. That puts the company’s quarterly performance at 2.62%, a lot healthier than the ASX 200.

It’s the first full quarter Woolworths has had since the supermarket giant spun out its drinks and liquor division as Endeavour Group Ltd (ASX: EDV) in late June. This would have helped pad out the returns of any Woolworths shareholders who have owned the company since before the spin-off. That’s because Endeavour shares have fared even better than Woolworths over the quarter just gone, rising by almost 11%.

Woolworths delivered its well-received FY21 earnings report during the quarter, back in August to be specific. Back on 26 August, the company announced sales growth of 5.7% to $67.28 billion and an increase in earnings before interest and tax of 13.7% to $3.66 billion.

Woolies also flagged a dividend increase for the company’s final dividend for FY21, which will come in at 55 cents per share. Investors will receive this payout on 8 October. In addition, Woolworths announced a $2 billion off-market share buyback program, which was also well-received from investors at the time.

The post What happened for the Woolworths (ASX:WOW) share price in the FY22 first quarter? appeared first on The Motley Fool Australia.

More reading

• Woolworths (ASX:WOW) share price struggles amid staff shortages
• Woolworths (ASX:WOW) share price lower after raising $700 million
• Woolworths (ASX:WOW) share price slumps this week despite Everyday Market launch
• Woolworths (ASX:WOW) and Coles (ASX:COL) could face a margin shock
• How do you value the Woolworths (ASX:WOW) share price?

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 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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Welcome to October! While many investors will be hoping that the month of Halloween will turn out better for the ASX 200 than what September brought us, it’s still worth taking a look back and seeing which ASX shares performed the best. So today, we’ll be chacking out how some of the ASX’s hottest stocks – buy now, pay later (BNPL) shares – went over the month just gone.

How did Afterpay and Zip shares perform during September?

Well, let’s start off with a bang and check out the BNPL pioneer most of us know the best, Afterpay Ltd (ASX: APT). So Afterpay began September at roughly $134.59 a share. Last Thursday, it finished up at $120.55 a share. That’s a month-on-month fall of 10.4%.

Keep in mind that since Afterpay announced that it is to be acquired by the US payments giant Square Inc (NYSE: SQ) in an all-scrip deal, the Afterpay share price has been married to that of its suitor.

What about Zip Co Ltd (ASX: Z1P), Afterpay’s closest ASX rival by market capitalisation? Zip shares started September at $6.83 each. Last week, they finished up on Thursday at $7.02. That puts Zip in the green for September, with a rise of 2.78%.

What about the other ASX BNPL shares?

Another BNPL share on the ASX boards is Openpay Group Ltd (ASX: OPY) Openpay had a month more similar to Afterpay’s than Zip’s. It began the month at $1.34 a share and finished up at $1.33. That’s a fall of 0.75%.

Another BNPL share that fared a little worse than that was Humm Group Ltd (ASX: HUM). Humm shares were trading at 96 cents apiece at the start of last month. However, this company concluded September at a price of 84 cents a share. That’s a drop of 12.5%.

Laybuy Holdings Ltd (ASX: LBY) is one of the ASX’s newer payments shares. But alas, shareholders didn’t get much of a better story with this company either. Laybuy went from 55 cents a share to 52 cents over September, a drop of 5.45%.

Faring similarly was Spilitit Ltd (ASX: SPT). Splitit fell from its start-of-September price of 45 cents a share to end the month at 42 cents. That’s also a fall of 5.45%.

And our final ASX BNPL share to examine today is the US-domiciled Sezzle Inc (ASX: SZL). Unfortunately for Sezzle investors, this company has seemingly performed the worst out of all BNPL shares over September. It started the month at a price of $6.60 a share, but ended up at $5.77 by the end of Thursday’s trading day last week. That’s a fall of 12.57%.

So it seems Zip was the best performing ASX BNPL share over September, with Sezzle bringing up the rear. With this infamously volatile sector, who knows what October will bring!

The post These were the best performing ASX BNPL shares in September appeared first on The Motley Fool Australia.

More reading

• What happened for the Zip (ASX:Z1P) share price in September?
• These were the worst performing ASX 200 shares last week
• The Sezzle (ASX:SZL) share price tumbled 13% in September. Is it a buy?
• The best day in 10 months, and Zip’s Microsoft deal. Scott Phillips on Nine’s Late News
• ASX 200 (ASX:XJO) midday update: Zip shares rise on Microsoft deal, big four banks rebound

Motley Fool contributor Sebastian Bowen owns shares of Square. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended AFTERPAY T FPO, Square, and ZIPCOLTD FPO. The Motley Fool Australia owns shares of and has recommended AFTERPAY T FPO. The Motley Fool Australia has recommended Humm Group 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 Webjet Limited (ASX: WEB) share price showed promised in the September quarter, rallying 29% to an 18-month high of $6.34.

Webjet shares have largely been range bound since November last year, struggling to break above $6.30 but finding plenty of buying support around the $4.50 level.

Webjet share price rallies on travel optimism

A return to normal for the travel industry is on the horizon headlined by announcements coming out of the United States and more recently, Australia.

Earlier this month, the White House announced that it will reopen its borders in November to vaccinated air travellers from 33 countries including China, India, Brazil and most of Europe.

Unfortunately, Australia did not make it to that list.

Nonetheless, Prime Minister Scott Morrison announced this afternoon that “Australia is ready to take its next steps to safely reopen to the world, with changes coming to the international border.”

The Government’s intention is that once changes are made in November, the current overseas travel restrictions related to COVID-19 will be removed and Australians will be able to travel subject to any other travel advice and limits, as long as they are fully vaccinated and those countries’ border settings allow.

A preemptive move for travel shares?

In some ways, the Webjet share price and broader ASX-listed travel sector have moved ahead of any material changes for international travel.

Looking at Sydney Airport (ASX: SYD) and its latest airport traffic figures, total passenger traffic in August 2021 was 51,000 passengers, down 98.6% against the corresponding period in 2019.

The rising optimism also follows a record 1,438 new local COVID-19 cases in Victoria on Thursday.

Foolish Takeaway

Ignoring the ifs and buts, the Webjet share price made an encouraging push towards the upper bound of its range in the September quarter.

It’s now trading at the same levels as early March 2020, when the broader market began to collapse following the initial outbreak of COVID-19.

With November just a month away, investors might have to wait and see if these opportunistic plans for travel can materialise.

The post Here’s why the Webjet (ASX:WEB) share price gained 29% last quarter appeared first on The Motley Fool Australia.

More reading

• Why the Webjet (ASX:WEB) share price is on the rise today
• 2 ASX shares that could be buys in October 2021
• Why this top broker rates the Webjet (ASX:WEB) share price a buy
• 5 things to watch on the ASX 200 on Wednesday
• Oil at a 3 year high and travel stocks soar. Scott Phillips on Nine’s Late News

Motley Fool contributor Kerry Sun 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 owns shares of and has recommended Webjet 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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Are you looking for income options for your portfolio in October? If you are, then you might want to consider the ASX shares listed below.

Here’s why they could top options for income investors:

Commonwealth Bank of Australia (ASX: CBA)

The first ASX dividend share to consider is this banking giant.

Although a recent pullback in the bank’s shares is disappointing for shareholders, it could be an opportunity for non-shareholders to buy a piece of Australia’s strongest bank.

Bell Potter certainly appears to believe this is the case. The broker currently has a buy rating and $118.00 price target on its shares.

The broker is also forecasting fully franked dividends per share of $4.06 in FY 2022 and $4.27 in FY 2023. Based on the current CBA share price of $100.08, this will mean yields of 4% and 4.25%, respectively.

DEXUS Property Group (ASX: DXS)

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

DEXUS has just strengthened its exposure to the attractive Industrial side of the market with a $1.5 billion acquisition of industrial assets. These assets include Jandakot Airport in Perth and a logistics centre leased to Australia Post. All in all, they bring DEXUS’ industrial portfolio to $11.3 billion in value and 4.6 million square metres in size.

Morgan Stanley was pleased with the deal. In response it retained its overweight rating and $11.95 price target on the company’s shares.

As for dividends, the broker has pencilled in dividends per share of 53 cents in FY 2022 and 55.5 cents in FY 2023. Based on the current DEXUS share price of $10.45, this will mean 5.1% and 5.3% yields, respectively.

The post CBA (ASX:CBA) and this dividend share have been named as buys appeared first on The Motley Fool Australia.

More reading

• How does the Westpac (ASX:WBC) dividend compare to the banking sector?
• Here’s what happened to the CBA (ASX:CBA) share price in September
• These were the best performing ASX bank shares in September
• Why CBA, Mount Gibson, Pilbara Minerals, & Virgin Money shares are dropping
• Why the CBA (ASX:CBA) share price is down 4% 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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On Friday the S&P/ASX 200 Index (ASX: XJO) finished a poor week on a disappointing note. The benchmark index fell to 2% to 7,185.5 points.

Will the market be able to bounce back from this on Monday? Here are five things to watch:

ASX 200 expected to rebound

The Australian share market looks set to bounce back on Monday. According to the latest SPI futures, the ASX 200 is expected to open the day 52 points or 0.7% higher this morning. This follows a strong end to the week on Wall Street, which saw the Dow Jones rise 1.4%, the S&P 500 climb 1.15%, and the Nasdaq trade 0.8% higher.

Public holidays

Trading volumes on the ASX 200 are expected to be much lower today due to much of Australia being off work for public holidays. For several Australian states, today is Labour Day. And for Queensland, it is observing the Queen’s Birthday today.

Oil prices rise

Energy producers such as Santos Ltd (ASX: STO) and Woodside Petroleum Limited (ASX: WPL) could have a solid start to the week after oil prices pushed higher on Friday night. According to Bloomberg, the WTI crude oil price is up 1.1% to US$75.88 a barrel and the Brent crude oil price has risen 1.2% to US$79.28 a barrel. Prices rose 2.5% and 1.5%, respectively, over the five days.

Gold price edges higher

Gold miners Newcrest Mining Limited (ASX: NCM) and Northern Star Resources Ltd (ASX: NST) will be on watch after the gold price edged higher on Friday night. According to CNBC, the spot gold price rose 0.1% to US$1,758.40 an ounce. A softer US dollar boosted the precious metal and helped it record a small weekly gain.

ANZ shares named as buys

The Australia and New Zealand Banking GrpLtd (ASX: ANZ) share price could be heading higher from here according to the team at Bell Potter. According to a note, the broker has retained its buy rating and $31.00 price target on the banking giant’s shares. Bell Potter is expecting a solid full year result later this month.

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

More reading

• How does the Westpac (ASX:WBC) dividend compare to the banking sector?
• Top brokers name 3 ASX shares to sell next week
• These were the best performing ASX bank shares in September
• The Woodside Petroleum (ASX:WPL) share price is a buy – broker
• These were the worst performing ASX 200 shares last week

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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There are a lot of growth shares for investors to choose from on the Australian share market.

To narrow things down, I have picked out three ASX growth shares that are highly rated. Here’s what you need to know about them:

Altium Limited (ASX: ALU)

The first ASX growth share to take a look at is Altium. Its printed circuit board (PCB) design platforms are used in the design process of products in a range of industries such as the automotive, aerospace, consumer electronics and medical devices industries. While COVID-19 has softened demand for its offering, it appears well-placed to bounce back in a post-pandemic world. This is thanks to industry tailwinds, such as the Internet of Things and artificial intelligence booms, which are underpinning the proliferation of electronic devices globally.

One leading broker that is positive on the company is Citi. It currently has a buy rating and $35.40 price target on its shares.

Kogan.com Ltd (ASX: KGN)

Another ASX growth share to look at is this growing ecommerce company. It has been benefitting greatly from the shift to online shopping over the last few years. Especially given its strong market position, growing private label business, and well-known brand. In addition, the company has made a number of acquisitions to strengthen its offering. This includes the acquisition of fellow online retailer Mighty Ape for $122 million last year. And while the company is going through a difficult spot as tailwinds ease and inventory builds up, this appears to be more than reflected in its recent share price performance.

Credit Suisse remains positive on Kogan. Its analysts currently have an outperform rating and $14.06 price target on its shares.

Pushpay Holdings Group Ltd (ASX: PPH)

A final growth share to look at is Pushpay. It is a leading donor management and community engagement platform provider for the faith sector. It has been a strong performer during the pandemic thanks partly to the shift to a cashless society, its high quality platform, and the accelerating digitisation of the church. It was because of the latter that Pushpay recently announced the US$150 million acquisition of Resi Media. This deal is expected to help Pushpay capture the shift toward more remote sermons and video streaming in the wake of the pandemic. Overall, this appears to have left Pushpay well-placed to continue its strong growth over the 2020s.

The team at Jarden are positive on the company’s outlook. The broker currently has a buy rating and NZ$2.10 (A$2.00) price target on its shares.

The post 3 fantastic ASX growth shares to buy in October appeared first on The Motley Fool Australia.

More reading

• How have the WAAAX shares performed so far this year?
• ASX 200 tech correction? 5 of the worst-hit shares
• Why ASX tech shares are crashing on Wednesday
• 2 beaten-up ASX shares that could be buys in October 2021
• 2 founder-led ASX shares to buy 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 shares of and has recommended Altium, Kogan.com ltd, and PUSHPAY FPO NZX. The Motley Fool Australia owns shares of and has recommended Altium, Kogan.com ltd, and PUSHPAY FPO NZX. 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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