Looking for investment ideas? Then it could pay to listen to what analysts at Morgans are saying about the ASX stocks listed below.
Here's why the broker is tipping them as buys this month:
Image source: Getty Images
Findi Ltd (ASX: FND)
The team at Morgans is bullish on India-focused payments company Findi.
While it felt its FY 2025 results were a bit of a mixed bag, Morgans remains positive on the company's outlook and has reaffirmed its add rating on its shares with a trimmed price target of $7.55. Based on its current share price of $4.09, this suggests that upside of over 80% is possible between now and this time next year.
Commenting on the ASX stock, the broker said:
FND's FY25 revenue beat guidance expectations (A$75m vs A$68m to A$70m)., whilst reported EBITDA came in at the mid-point of guidance (A$30m-A$32m). We saw this as a somewhat mixed result. While the headline numbers faired well versus guidance parameters they were assisted by higher "other income."
More positively F25 Operating cashflow generation was strong and FND's India IPO remains on track. We lower our FND FY26F/FY27F EPS by >10% off low bases. Our target price falls to A$7.55 (previously A$8.35) on our earnings changes. We think FND management are executing well on the company's overall build out, and with significant upside potential existing to our price target, we maintain our ADD call.
Treasury Wine Estates Ltd (ASX: TWE)
Another ASX stock that gets the thumbs up from Morgans is wine giant Treasury Wine.
This is despite the Penfolds owner downgrading its earnings guidance due to softer than expected sales in the US states.
Morgans continues to believe that its shares are too cheap to ignore at current levels and has retained its add rating with a price target of $11.06. This implies potential upside of 33% for investors. It said:
A deceleration of US Premium wine sales (particularly 19 Crimes) below US$15 per bottle, has seen TWE revise its FY25 EBITS guidance. The downgrade was minor at 1.3% and better than feared. TWE's Luxury portfolios appear to be performing well. However, focus is now on what impact a change in distributor in TWE's key US market, declining Premium US wine sales and the tariffs will have on FY26. We have revised our forecasts.
While not without risk given industry and macro headwinds, TWE's trading multiples look far too cheap (FY25 PE of only 14.2x) and we maintain a BUY rating.
