Broker Notes: Why analysts name Megaport, REA and News Corp to buy now?
$Megaport Ltd(MP1.AU$: Canaccord Genuity raises the stock's target price by 2.7% to A$11.30 and maintains a buy rating.
Megaport could surpass Canaccord Genuity's FY 2023 Ebitda expectations if management can follow through on suggestions it can rein in costs, the financial-services firm's analysts say.
$REA Group Ltd(REA.AU$: UBS has a buy rating on the stock and is reviewing its A$130.00 target price.
REA Group's 2H earnings were stronger-than-expected by UBS analysts once the adjusted valuation of its financial services business is stripped out. Removing this A$13 million valuation reduction, 2H Ebitda was about 4% ahead of UBS's forecast, driven by resilient residential listing volumes.
$News Corp(NWS.AU$: Goldman Sachs has a last-published buy rating and A$32.00 target price on the stock.
Annual earnings from News Corp.'s Dow Jones subsidiary were stronger than anticipated by Goldman Sachs analysts, who note margin expansion and subscription growth at the financial-information business. The GS analysts say in a note that Dow Jones's Ebitda was about 2% higher than they had forecast. Earnings from news media surpassed expectations even more emphatically, coming in 77% higher than they had anticipated thanks to digital platform payments.
Megaport could surpass Canaccord Genuity's FY 2023 Ebitda expectations if management can follow through on suggestions it can rein in costs, the financial-services firm's analysts say.
$REA Group Ltd(REA.AU$: UBS has a buy rating on the stock and is reviewing its A$130.00 target price.
REA Group's 2H earnings were stronger-than-expected by UBS analysts once the adjusted valuation of its financial services business is stripped out. Removing this A$13 million valuation reduction, 2H Ebitda was about 4% ahead of UBS's forecast, driven by resilient residential listing volumes.
$News Corp(NWS.AU$: Goldman Sachs has a last-published buy rating and A$32.00 target price on the stock.
Annual earnings from News Corp.'s Dow Jones subsidiary were stronger than anticipated by Goldman Sachs analysts, who note margin expansion and subscription growth at the financial-information business. The GS analysts say in a note that Dow Jones's Ebitda was about 2% higher than they had forecast. Earnings from news media surpassed expectations even more emphatically, coming in 77% higher than they had anticipated thanks to digital platform payments.
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," "add," 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," "add," and "overweight." Outperform is an analyst recommendation meaning a stock is expected to do slightly better than the market return.
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