Are you hunting for new ASX shares to buy for your portfolio?
If you are, then it could be worth hearing what analysts at Morgans are saying about the three listed below.
Is the broker bullish or bearish on them? Let's find out.
Image source: Getty Images
Domino's Pizza Enterprises Ltd (ASX: DMP)
This pizza chain operator delivered an underlying profit that was ahead of expectations in FY 2026.
However, Morgans believes the earnings beat was low quality and driven by lower net interest expense and depreciation and amortisation.
As a result, the broker has retained its hold rating on Domino's shares with a $20.00 price target. It said:
Underlying NPAT of A$121.6m (+4.0% on the pcp) beat MorgansF A$117.8m and Visible Alpha A$119.4m and finished at the top end of pre-released guidance, but the beat was low quality, with EBIT up 1.0% to A$200.1m and carried by lower D&A (-15.7% on the pcp) and net interest expense. The balance sheet is strong, with net leverage down to 1.86x, free cash flow of A$164.1m and a 32.5cps final dividend (+51.2%) with a 50% payout ratio.
FY27 started soft with -5.8% same-store sales (SSS) for the first 8 weeks. We maintain HOLD and lift our price target to A$20.00 (from A$17.60); we view the reset as necessary, but the recovery is cost led and volume growth needs to return.
Flight Centre Travel Group Ltd (ASX: FLT)
Morgans was disappointed with this travel agent giant's FY 2026 results, highlighting that its profits were at the lower end of its guidance range and its guidance was underwhelming.
Nevertheless, due to its cheap valuation, the broker has retained its buy rating with a $14.25 price target. It commented:
FLT's FY26 result came in at the lower end of guidance which is disappointing given its 18 June trading update. Leisure was the key miss for us. Corporate had a strong year (+28% NPBT growth), while Leisure was weak (NPBT -22%) given the Middle East conflict. Outlook comments disappointed with Corporate expected to have a weak 1H27, followed by growth in the 2H27. Pleasingly, Leisure is off to a strong start.
With one-off costs associated with Productive Operations and World360 Rewards now being placed above the line, we have made minor downgrades to our forecasts. While investors will need to be patient for another six months, FLT's fundamentals remain attractive (FY27F PE of 11.6x) and we retain a Buy rating with a new A$14.25 price target. When operating conditions ultimately improve, both its earnings and share price will be materially higher.
WiseTech Global Ltd (ASX: WTC)
This logistics technology company delivered a result that was largely in line with expectations in FY 2026.
In response, the broker has retained its buy rating on WiseTech shares with a price target of $62.50. It said:
WTC's FY26 result was largely in line with Morgans forecasts (MorgansF), with FY26 revenue of US$1,396m and EBITDA of US$558m coming in towards the lower end of its initial FY26 guidance range. While CargoWise revenue growth of +11% was softer than expected, WTC delivered annualised run-rate savings of ~US$115m in FY26, supporting further margin expansion into FY27.
FY27 guidance will see revenue growth 2H-weighted, reflecting the timing of growth initiatives, while Underlying EBITDA guidance of US$725-780m implies EBITDA margins tracking back towards 49-51%. Our Underlying EBITDA forecasts are revised by +3%/-2% in FY27-FY28F and we retain our BUY rating with a price target of A$62.50ps (previously A$67.00ps).
