Broker Notes: Why analysts name Nearmap, Infomedia and Computershare to buy now?
$Nearmap Ltd (NEA.AU)$: Jefferies maintains a buy rating and cuts target price on the stock by 25% to A$1.50.
Nearmap's cashflow could breakeven in 1H of the aerial mapping company's FY 2023 and hit the same benchmark over a full 12 months in the following fiscal year, Jefferies says.
$Infomedia Ltd (IFM.AU)$: UBS has a buy recommendation and A$2.15 target price on the stock.
Infomedia's medium-term outlook remains positive amid a takeover tussle for the Australian tech company, UBS analyst Tim Plumbe says. Plumbe says in a note that factors including potential price increases look supportive for Infomedia, which develops electronic-parts catalogues and software.
$Computershare Ltd (CPU.AU)$: Macquarie has an outperform rating on the stock and trims its target price 2.8% to A$35.00.
Computershare will report a 5.9% rise in annual earnings in FY 2023 if rate-sensitive margin income is stripped out, Macquarie analysts say. They say in a note that Computershare can continue to grow earnings despite inflationary pressures.
Nearmap's cashflow could breakeven in 1H of the aerial mapping company's FY 2023 and hit the same benchmark over a full 12 months in the following fiscal year, Jefferies says.
$Infomedia Ltd (IFM.AU)$: UBS has a buy recommendation and A$2.15 target price on the stock.
Infomedia's medium-term outlook remains positive amid a takeover tussle for the Australian tech company, UBS analyst Tim Plumbe says. Plumbe says in a note that factors including potential price increases look supportive for Infomedia, which develops electronic-parts catalogues and software.
$Computershare Ltd (CPU.AU)$: Macquarie has an outperform rating on the stock and trims its target price 2.8% to A$35.00.
Computershare will report a 5.9% rise in annual earnings in FY 2023 if rate-sensitive margin income is stripped out, Macquarie analysts say. They say in a note that Computershare can continue to grow earnings despite inflationary pressures.
Buy: Also known as strong buy and "on the recommended list." Needless to say, buy is a recommendation to purchase a specific security.
Sell: Also known as strong sell, it's a recommendation to sell a security or to liquidate an asset.
Hold (Neutral): In general terms, a company with a hold recommendation is expected to perform at the same pace as comparable companies or in line with the market.
Underperform: A recommendation that means a stock is expected to do slightly worse than the overall stock market return. Underperform can also be expressed as "moderate sell," "weak hold," and "underweight."
Outperform: Also known as "moderate buy," "accumulate," and "overweight." Outperform is an analyst recommendation meaning a stock is expected to do slightly better than the market return.
Sell: Also known as strong sell, it's a recommendation to sell a security or to liquidate an asset.
Hold (Neutral): In general terms, a company with a hold recommendation is expected to perform at the same pace as comparable companies or in line with the market.
Underperform: A recommendation that means a stock is expected to do slightly worse than the overall stock market return. Underperform can also be expressed as "moderate sell," "weak hold," and "underweight."
Outperform: Also known as "moderate buy," "accumulate," and "overweight." Outperform is an analyst recommendation meaning a stock is expected to do slightly better than the market return.
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