These three ASX technology companies have very different businesses, but they all have a broker in their corner talking up their prospects.
Let's have a look at their businesses and what the experts are saying about them.
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Elsight Ltd (ASX: ELS)
Elsight shares have been on a wild ride over the past 12 months, trading as high as $8.56 before falling back to be almost exactly where they were this time last year.
The shares are now changing hands for just $1.57 after falling sharply last week on a soft quarterly result.
The company makes technology which allows drones and other unmanned systems to communicate beyond line of sight.
Elsight announced this week that, following feedback from shareholders, it would review several areas, including its capital management, with a share buyback a possibility.
It would also appoint an independent advisor to review the size and makeup of its board, as well as its remuneration.
Bell Potter released a new research report on the company following its quarterly report and said the revenue figure of US$2.4 million was well short of the US$6 million expected.
It did point out that management believed the soft result was a "temporary operational fluctuation''.
The broker said it believed the integration of the company's Halo product into the Mayhem 10 system was underappreciated.
Bell Potter reduced its price target on Elsight shares from $8.20 to $5.30, which is still well above the current share price.
If achieved, this would be a 237% return.
SiteMinder Ltd (ASX: SDR)
The SiteMinder share price jumped strongly after the company's recent annual general meeting, where Chief Executive Officer Sankar Narayan clarified the company's revenue growth guidance for the next few years.
Mr Narayan said SiteMinder expects annual recurring revenue to grow at a compound annual growth rate in the mid-20s, in percentage points, from FY26 through to the end of FY30.
He added that adjusted EBITDA margin was expected to expand "meaningfully" in the current year.
Broker UBS said the clarification of the guidance was useful, and its forecast was for growth to come in at the low end, closer to 20%.
UBS has a price target of $6.85 on SiteMinder shares compared with the current price of $3.42.
If achieved, this would be an above 100% return.
6K Additive Ltd (ASX: 6KA)
This 3D printing consumables company had a strong September quarter, with revenues up 61% to US$7.2 million.
Broker Morgans said the company's cash position remains healthy, with available liquidity of US$55 million, and a strong order backlog, "reflecting accelerating conversion of 6KA's sales pipeline''.
Morgans added:
In our view, 6KA is well-positioned to benefit from robust demand in metal additive manufacturing and US government initiatives to reshore the sourcing and processing of critical minerals. Key competitive advantages that differentiate 6KA from peers include its UniMelt technology (delivering over 85% yield and up to 90% lower energy use), a broad customer base spanning aerospace, defence, medical, energy and industrial end markets, and the ability to upcycle multiple forms of scrap into high-quality powders and alloys.
Morgans has a price target of $1.30 on 6K Additive shares, compared with 72 cents currently.
If achieved, this would be an 80.5% return.
