Why Ainsworth, Life360, Temple & Webster, and Whitehaven Coal are charging higher

These ASX shares are charging higher on Wednesday…

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The S&P/ASX 200 Index (ASX: XJO) is on form again on Wednesday. In afternoon trade, the benchmark index is up 0.3% to 7,275.6 points.

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

Ainsworth Game Technology Limited (ASX: AGI)

The Ainsworth Game Technology share price is up 6.5% to $1.28. This morning, analysts at Macquarie responded to the gaming technology company's recent trading update by putting an outperform rating and $1.40 price target on its shares. Macquarie was pleased with its forecast of $18 million in profit before tax pre-currency and one-offs for the six months ending 31 December 2022.

Life360 Inc (ASX: 360)

The Life360 share price is up 5.5% to $6.38. This appears to have been driven by a broker note out of Bell Potter this morning. According to the note, the broker has retained its buy rating and $9.00 price target on this location technology company's shares. Bell Potter continues to believe that Life360 will deliver on its guidance in FY 2022.

Temple & Webster Group Ltd (ASX: TPW)

The Temple & Webster share price is up 12% to $5.19. This follows the release of the online furniture and homewares retailer's trading update at its annual general meeting. While Temple & Webster's revenue is down 14% for the four months to 27 November, it revealed that month to date revenue is flat. Management believes that this positions the company for a return to double digit growth during FY 2023.

Whitehaven Coal Ltd (ASX: WHC)

The Whitehaven Coal share price is up 9% to $10.11. Investors have been buying this coal miner's shares following a rise in the coal price and the release of a couple of bullish broker notes. One of those notes came from Bell Potter, which has upgraded Whitehaven Coal's shares to a buy rating with an improved price target of $11.00.

Motley Fool contributor James Mickleboro has positions in Life360, Inc. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Life360, Inc. and Temple & Webster Group Ltd. The Motley Fool Australia has recommended Temple & Webster Group Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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