Weekly| Business Updates and Analysts Rating Pushed 360, SYR & WOR Up

As of the close on Friday,$S&P/ASX 200(XJO.AU)$ closed at 7,256.70 points, up 0.51% in the past 5 days.

During the last 5 trading days,  $Life360(360.AU)$ was up 14.79%; $Sayona Mining Ltd(SYA.AU)$ rose 7.5%; $Worthington(WOR)$ added 6.41%; $Wisetech Global(WTC.AU)$ was up 4.37%; $PEXA Group Ltd(PXA.AU)$ increased 3.83%.

 

1. $Life360(360.AU)$ is highly rated by analysts at Goldman Sachs

Life360, Inc. engages in the manufacture and sale of subscription and hardware tracking devices in North America, Europe, the Middle East, Africa, and internationally.

 

This location technology company is highly rated by analysts at Goldman Sachs. The broker has a buy rating and $7.85 price target on the ASX tech share.

Based on the current Life360 share price of $5.82, this implies much upside for investors over the next 12 months.

Goldman highlights that its shares have undeservedly underperformed peers this year, which it feels has created a buying opportunity. Particularly given its high growth outlook and latent operating leverage.

2. $Sayona Mining Ltd(SYA.AU)$ released updates on North American Lithium project

Sayona Mining Limited, together with its subsidiaries, engages in mineral identification, acquisition, exploration, and development in Australia and Canada.

 

 

Like all ASX lithium shares, Sayona's share price has been affected by the fall in lithium commodity prices, which have declined by 60% since reaching a record high in November 2022.

However, the lithium carbonate price has recently rebounded following news out of Chile that the country intends to nationalize its industry and take a controlling stake in all new producers.

In terms of Sayona Mining specifically, the company has had positive news regarding its North American Lithium project, with commercial production expected to begin in the third quarter of fiscal year 2023.

3. $Worley Ltd(WOR.AU)$ brings good news on investor day

Worley Limited provides professional project and asset services to energy, chemicals, and resources sectors worldwide.

The release of the engineering company’s investor day presentation brings investors many good news on business updates.

Firstly, the company's expectations for FY 2023 remained consistent with its previous outlook, indicating a positive outlook for the company's future performance. Additionally, the company's pipeline for sales has increased by 36% year-to-date, which is a positive sign for its future revenue growth.

Furthermore, the fact that sustainability wins were up 115% year-to-date is also a positive development for the company, indicating that it is making progress in its efforts to promote sustainability and meet the growing demand for environmentally responsible solutions.

Finally, the company's bookings have increased significantly compared to the same time last year, rising from $7.5 billion to $9.6 billion. This indicates that Worley is successfully securing new business, which is a positive sign for the company's future revenue growth.

4. $Wisetech Global(WTC.AU)$: logistics leader got good ratings

WiseTech Global, an ASX 200 tech share, is highly regarded for its CargoWise One logistics management platform, which is a leading software in the global logistics industry.

The platform enables users to manage freight operations and execute complex logistics transactions from a single platform, making it a highly demanded and essential tool.

Ord Minnett also shares the positive sentiment towards WiseTech Global and has given the company an accumulate rating with a $90.00 price target on its shares.

Analysts have 10 buy, six hold, and one sell recommendations on the stock. The consensus rating is 4.0, on a 1-5 scale with 1 meaning strong sell and 5 meaning strong buy.

5. $PEXA Group Ltd(PXA.AU)$ was heavily shorted

PEXA Group Limited operates a digital property settlements platform in Australia. It operates through three segments: PEXA Exchange, PEXA International, and PEXA Insights.

PEXA rank among the top levels in the most-shorted stocks list, according to Bloomberg.

# ASX Stocks Opportunities

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  • Ah_Meng
    ·2023-05-13
    TOP

    Good to know some other ASX companies. Also, testing my sharing trending function. Have not been able to collect any 🐯 coins with this function.

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    • LauAT
      Hu
      2023-05-15
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    ·2023-05-13

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    ·2023-05-13
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    ·2023-05-13

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    ·2023-05-14
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    ·2023-05-14

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