Why a2 Milk, EML Payments, Webjet, & Xero shares are pushing higher

A2 Milk Company Ltd (ASX:A2M) and EML Payments Ltd (ASX:EML) shares are two of four pushing notably higher on Friday…

| More on:
ASX shares profit upgrade chart showing growth

Image source: Getty Images

In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to end the week on an underwhelming note. At the time of writing, the benchmark index is down 0.1% to 7,014.2 points.

Four ASX shares that are climbing more than most today are listed below. Here’s why they are pushing higher:

A2 Milk Company Ltd (ASX: A2M)

The a2 Milk share price has jumped 6% to $5.54. Investors have been buying the fresh milk and infant formula company’s shares following the release of a broker note out of UBS. According to the note, the broker believes there are signs that its turnaround is working. Importantly, it believes this is being achieved without any brand damage. In light of this, UBS has put a buy rating and NZ$13.50 (A$12.50) price target on its shares.

EML Payments Ltd (ASX: EML)

The EML Payments share price has stormed 15.5% higher to $3.36. Investors have been buying the payments company’s shares after another leading broker weighed in on its recent issues that saw it crash 46% lower earlier this week. UBS has retained its buy rating and cut its price target down to $5.30. This implies potential upside of 58% even after today’s stellar gain. EML Payments’ shares were sold off amid Anti-Money Laundering and Counter-Terrorism Financing compliance concerns for its European operations.

Webjet Limited (ASX: WEB)

The Webjet share price is up 5% to $4.90. This also appears to be related to a broker note. This morning Goldman Sachs reaffirmed its buy rating and $6.40 price target on this online travel agent’s shares. The broker doesn’t appear concerned by news that Qantas Airways Limited (ASX: QAN) is cutting international travel agent commissions. It notes that this was already partially anticipated in its forecasts.

Xero Limited (ASX: XRO)

The Xero share price is up 5% to $128.59. Investors have continued to pile into the tech sector on Friday following another positive night of trade on the tech-focused Nasdaq index. At the time of writing, the S&P/ASX All Technology Index(ASX: XTX) is up a solid 1.5%.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of January 12th 2022

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 recommends EML Payments. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of Xero. The Motley Fool Australia owns shares of and has recommended Webjet Ltd. The Motley Fool Australia has recommended A2 Milk and EML Payments. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Share Gainers

A female coal miner wearing a white hardhat and orange high-vis vest holds a lump of coal and smiles as the Whitehaven Coal share price rises today
Share Gainers

Why are ASX coal shares charging higher again today?

The global energy crisis has pushed coal prices to all-time highs.

Read more »

A man leaps from a stack of gold coins to the next, each one higher than the last.
Technology Shares

Why is the Block share price leaping 9% on Friday?

Block shares are storming ahead on a good day for the ASX tech sector.

Read more »

A man wearing glasses and a white t-shirt pumps his fists in the air looking excited and happy about the rising OBX share price
Share Gainers

Why BHP, Chalice Mining, IGO, and Life360 shares are storming higher

These ASX shares are ending the week strongly...

Read more »

A male ASX investor sits cross-legged with a laptop computer in his lap with a slightly crazed, happy, excited look on his face while next to him a graphic of a rocket shoots upwards with graphics of stars scattered around it
BNPL shares

The Zip share price is rocketing 6% today. Here’s why

The buy now, pay later company is enjoying a change of fortunes today, along with its fellow ASX tech shares

Read more »

Woman attached to rocket flies into air
Share Gainers

2 ASX All Ordinaries shares having a cracking day, despite the carnage

A biotech and a mining share are enjoying big gains on a tough day for the ASX.

Read more »

Share Gainers

3 ASX 200 shares defying today’s carnage to climb higher

Here's what's boosting these ASX 200 stocks upwards today.

Read more »

Share Gainers

Why Aristocrat, Arafura, Calix, and Strike Energy shares are charging higher

These ASX shares are avoiding the market selloff...

Read more »

ETF on white blocks with a rising arrow on top of coin piles.

Here’s why this ASX ETF is leaping 13% to a new 52-week high today

This ASX ETF is rocketing today. Here's how it is managing to defy the broader market.

Read more »