Latest news with #OrdMinnett
Business Insider
3 days ago
- Business
- Business Insider
Ord Minnett Reaffirms Their Buy Rating on Mineral Resources Limited (MALRF)
In a report released today, from Ord Minnett maintained a Buy rating on Mineral Resources Limited (MALRF – Research Report), with a price target of A$31.00. The company's shares closed last Monday at $15.50. Confident Investing Starts Here: In addition to Ord Minnett, Mineral Resources Limited also received a Buy from Morgans's Annabelle Sleeman in a report issued yesterday. However, today, Citi maintained a Hold rating on Mineral Resources Limited (Other OTC: MALRF). The company has a one-year high of $49.71 and a one-year low of $9.30. Currently, Mineral Resources Limited has an average volume of 376.
Business Insider
4 days ago
- Business
- Business Insider
Ord Minnett downgrades Goodman Group (GMGSF) to a Hold
Goodman Group (GMGSF – Research Report) received a Hold rating and a A$30.80 price target from Ord Minnett analyst today. The company's shares closed last Friday at $21.19. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Goodman Group has an analyst consensus of Strong Buy, with a price target consensus of $23.43. The company has a one-year high of $30.00 and a one-year low of $14.31. Currently, Goodman Group has an average volume of 1,826. Based on the recent corporate insider activity of 8 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of GMGSF in relation to earlier this year.
Mercury
5 days ago
- Business
- Mercury
Ord Minnett lifts Straker price target
Ord Minnett has upgraded Straker's price target to 52c Straker delivered record adjusted EBITDA of $4.8 million in FY25 The company has accelerated its shift to AI-powered, recurring revenue streams Special Report: Ord Minnett has lifted its 12-month price target for Straker by 42% to 52 cents per share following a better-than-expected FY25 result that saw the AI translation tech company deliver record margins and its strongest ever adjusted EBITDA. Maintaining a hold rating, the broker acknowledged Straker (ASX:STG) strong execution in pivoting away from traditional language services and into AI-led, margin-rich offerings such as SwiftBridge and AI Verify. The result, Ord Minnett noted, came in ahead of expectations across nearly every key metric. Revenue of $44.9 million landed at the top end of guidance and slightly ahead of the broker's forecast, while gross margins surged to 67%, well above the expected 63.8%. Adjusted EBITDA of $4.8 million – the highest in the company's history – came in 141% above expectations. 'The FY25 result exceeded our forecasts on revenue, margins and profitability,' the broker said in a note to clients. 'Execution risks remain, particularly with the upcoming expiry of the IBM contract, but the early traction from Straker's AI offerings positions the company well heading into FY26. FY25 marked a turning point for Straker as it pushed deeper into AI-powered SaaS and enterprise translation tools. While overall revenue was down year-on-year due to a $9.6 million drop in legacy Language Services, that shortfall was partially offset by a $4.7 million gain in Managed Services, which more than doubled. Recurring revenue also strengthened, with subscriptions holding firm and a notable debut from AI Verify, which generated $1.1 million in its first year. The launch of SwiftBridge AI in Japan – developed with IBM and now being sold in partnership with IGUAZU Corporation to meet new Tokyo Stock Exchange regulations is expected to add further upside to Straker's emerging SaaS business. Legacy services now account for just 68% of revenue, down from 81% the year prior, with the company forecasting that trend to continue as high-margin offerings scale. Straker ended the year with $12.9 million in cash and no debt, equivalent to 20c per share. Cost control was a major theme, with operating expenses down 17% and headcount reduced by 15%, including a 32% reduction in the production department. Ord Minnett has lifted its revenue, margin, and EBITDA forecasts through FY28. The broker now expects adjusted EBITDA to more than double between FY26 and FY28, citing improved margin assumptions and fixed-cost leverage. This article was developed in collaboration with Straker, a Stockhead advertiser at the time of publishing. This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions. Originally published as Ord Minnett upgrades Straker as FY25 result beats expectations
Business Insider
23-05-2025
- Business
- Business Insider
Ord Minnett Keeps Their Buy Rating on Betmakers Technology Group (TPBTF)
Ord Minnett analyst Lindsay Bettiol maintained a Buy rating on Betmakers Technology Group (TPBTF – Research Report) today and set a price target of A$0.21. The company's shares closed last Friday at $0.08. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Bettiol is ranked #4099 out of 9537 analysts. Currently, the analyst consensus on Betmakers Technology Group is a Moderate Buy with an average price target of $0.12. The company has a one-year high of $0.12 and a one-year low of $0.04. Currently, Betmakers Technology Group has an average volume of 4,200.
Business Insider
21-05-2025
- Business
- Business Insider
Ord Minnett Sticks to Its Buy Rating for Monash IVF Group Ltd (MVF)
In a report released today, Tom Godfrey from Ord Minnett maintained a Buy rating on Monash IVF Group Ltd (MVF – Research Report), with a price target of A$1.05. The company's shares opened today at A$0.75. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter According to TipRanks, Godfrey is ranked #1853 out of 9519 analysts. In addition to Ord Minnett, Monash IVF Group Ltd also received a Buy from Macquarie's Rachael Harwood in a report issued today. However, yesterday, RBC Capital maintained a Hold rating on Monash IVF Group Ltd (ASX: MVF). The company has a one-year high of A$1.47 and a one-year low of A$0.68. Currently, Monash IVF Group Ltd has an average volume of 2.19M.
