S&P/ASX All Ords (ASX: XAO) shares fell by 1.36% during October. Amid this lacklustre performance, market analysts on the CommSec trading platform selected a group of stocks for a higher rating.
Here we profile 7 ASX All Ords shares that were elevated to a 'strong buy' rating last month.
7 ASX All Ords shares upgraded to a 'strong buy' rating
DroneShield Ltd (ASX: DRO)
The Droneshield share price is currently 95 cents, down 0.52% on Friday.
Bell Potter has a buy rating on the stock with a 12-month share price target of $1.20.
In a new note, the broker commented:
Whilst DroneShield's revenue YTD has been disappointing, we view this as an opportunity to reset market expectations, which were overly optimistic for CY24.
However, DRO remains a high-quality technology company, operating in a rapidly growing market and is well capitalised to maintain its market leading position.
We believe the current SP provides an attractive entry point considering DRO's strong runway into CY25 ($18m contracted rev.), robust market demand and appealing long-term growth outlook.
The ASX All Ords industrials share is up 150% in the year to date.
Karoon Energy Ltd (ASX: KAR)
The Karoon Energy share price is $1.38, down 0.72% today.
Karoon Energy released its third-quarter update last month.
The energy producer revealed a 25% quarterly increase in production,
This reflected a 44% increase in Bauna production, which helped offset a 10% decline in production at Who Dat due to seasonal hurricane impacts and planned maintenance.
The company also announced another US$25 million share buyback.
This ASX All Ords energy share is down 33% in the year to date.
Catapult Group International Ltd (ASX: CAT)
The Catapult share price is $2.73, up 4.2% on Friday.
Bell Potter has a buy rating on this sports technology company with a 12-month share price target of $2.75.
The broker believes Catapult's Tactics & Coaching (video) business has great potential.
This ASX All Ords technology share is up 98% in the year to date.
Siteminder Ltd (ASX: SDR)
The Siteminder share price is currently $6.56, down 1.06%.
Jarden has a buy rating on the company with a 12-month share price target of $7.48.
Siteminder owns an all-in-one hotel management software platform.
In a note to clients, Jarden analyst Ed Woodgate wrote:
We are increasingly bullish on SDR given our research indicates it is one of the higher quality tech names in the S&P/ASX Small Ordinaries (ASX: XSO).
The ASX All Ords tech share is up 27% in the year to date.
Bellevue Gold Ltd (ASX: BGL)
The Bellevue Gold share price is $1.60, down 1.85% at the time of writing.
The Western Australian gold producer released its September quarter update last month.
The company revealed gold production of 35,993 ounces over the three months.
The miner sold 39,405 ounces at an average realised gold price of AU$3,420 per ounce. That's well above its reported all-in sustaining cost (AISC) of AU$1,892 per ounce.
The ASX All Ords gold share is down 4% in the year to date.
Ramelius Resources Ltd (ASX: RMS)
Ramelius Resources shares are trading at $2.32 apiece, down 2.93% on Friday.
The Western Australian gold miner released new quarterly results last month.
Ramelius reported gold production of 62,444 ounces over the quarter.
Gold sales totalled 62,806 ounces at an average realised price of AU$3,359 per ounce. The AISC was AU$1,965 per ounce.
The ASX All Ords gold share is up 16% in the year to date.
Charter Hall Social Infrastructure REIT (ASX: CQE)
The Charter Hall Social Infrastructure share price is currently $2.61, down 0.19%.
This ASX real estate investment trust (REIT) invests in childcare centres, healthcare clinics and transport facilities.
The ASX All Ords REIT is down 12.5% in the year to date.
