In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) has bounced back from a soft start and is edging higher. At the time of writing, the benchmark index is up 0.1% to 8,667.9 points.
Four ASX shares that are rising more than most today are listed below. Here's why they are pushing higher:
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Electro Optic Systems Holdings Ltd (ASX: EOS)
The EOS share price is up 2.5% to $9.12. The catalyst for this may have been a broker note out of Bell Potter this morning. According to the note, the broker has retained its buy rating on the defence and space company's shares with an improved price target of $10.60. In response to the completion of its acquisition of MARSS, Bell Potter said: "EOS is positioned as a market leader across many C-UAS verticals and is leveraged to increasing budget allocations to C-UAS technologies. EOS possess a catalyst rich next 12 months, with potential HELW, C2 and Slinger awards on the horizon."
Life360 Inc (ASX: 360)
The Life360 share price is up 1.5% to $19.10. This may also have been driven by a broker note out of Bell Potter this morning. According to the note, Bell Potter has retained its buy rating on the location technology company's shares with an improved price target of $33.00. It said: "We expect similarly strong paying circle growth in each of Q2, Q3 and Q4 and, given this is the key driver of revenue growth, we believe market focus will shift to this positive rather than the negative of any weakness in MAU growth."
Nufarm Ltd (ASX: NUF)
The Nufarm share price is up 14% to $2.92. Investors have been buying this agricultural chemicals company's shares following the release of its half-year results. Although Nufarm posted a 5% decline in revenue to $1.7 billion, its underlying net profit after tax increased 35% to $52 million. The company's CEO, Rico Christensen, said: "We are pleased with first half performance and are well placed to deliver strong growth in underlying earnings and a significant reduction in leverage for the full year, consistent with previous guidance. We have made clear progress on the priorities we set in November last year, delivering earnings growth, improved cash flow and a reduction in leverage. The benefit of our increased strategic focus is visible in the margin improvement in Crop Protection and significant uplift in earnings from our Seed Technologies business." Looking ahead, management has reaffirmed its FY 2026 outlook for positive free cash flow.
Web Travel Group Ltd (ASX: WEB)
The Web Travel share price is up 1.5% to $2.42. This follows the release of the travel technology company's FY 2026 results. The WebBeds owner reported a 20% increase in revenue to $394.1 million, while net profit more than tripled to $35.5 million. The company's managing director, John Guscic, said: "FY26 was a terrific year for the WebBeds business. We continue to win share, TTV margins continue to improve, and our scalable business model is delivering higher operating leverage. WebBeds' EBITDA margin remains world class."
