S&P/ASX 200 Index (ASX: XJO) shares are in the red on Tuesday as investors remain wary about whether a US-Iran deal will eventuate.
According to Trading Economics, the US and Iran are discussing a framework that would extend the ceasefire for two months.
Additionally, the US would lift its blockade of Iranian ports while Iran would reopen the Strait of Hormuz, a critical global oil and gas shipping channel.
While the world waits for further news, three experts give us their views on three ASX shares.
Let's take a look.
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Catapult Sports Ltd (ASX: CAT)
The Catapult Sports share price is $3.28, down 2.1% today and down 35% over six months.
Morgans has reiterated its buy rating on this ASX tech share and shaved its 12-month target from $5.55 to $5.40.
The broker said:
CAT's FY26 result confirmed strong organic momentum, with revenue US$141m (+19% c/c) and closing ACV US$134m (+28% c/c) at the top of guidance, while Management EBITDA of US$25m (17.6% margin, +67% pcp) beat MorgansF.
Operating leverage is now evident, with a 41% incremental margin (48% ex-acquisitions) in the period.
ACV per pro team crossed US$30k for the first time whilst SaaS metrics improved.
We trim FY27-FY29F Management EBITDA by 6-8% factoring in the result.
Tower Ltd (ASX: TWR)
The Tower share price is $1.58, up 1.9% today and down 6% over six months.
Mark Elzayed from Investor Pulse has a hold rating on this ASX financial share.
On The Bull this week, Elzayed said:
Tower is a New Zealand focused insurer benefiting from solid policy growth and improved underwriting conditions.
The company generated 15,000 new customers in the year to March 31, 2026, despite a subdued economic environment.
The company announced growth initiatives for the second half of 2026, including a partnership with Westpac Banking Corp (ASX: WBC) to offer general insurance products to its retail customers.
In our view, company performance and outlook supports a hold recommendation at this stage of the cycle.
Guzman Y Gomez Ltd (ASX: GYG)
The Guzman Y Gomez share price is $20.05, up 0.9% today and down 12% over six months.
Last week, the Mexican restaurant chain upgraded its earnings guidance and announced the abandonment of its US expansion plans.
Guzman y Gomez now expects underlying earnings before interest, taxes, depreciation, and amortisation (EBITDA) of approximately $85 million, up 29% year over year, for FY26.
Citi has reiterated its sell rating on the ASX consumer discretionary share.
The broker increased its 12-month price target from $16.55 to $18.35.
