That's because Morgans has just picked out two ASX shares that it rates as a buy and one that it thinks is a hold.

Here's what the broker is saying:

Intelligent Monitoring Group Ltd (ASX: IMB)

This security, monitoring and risk management services provider has caught the eye of Morgans after announcing new acquisitions.

In response to the news and an accompanying capital raising, the broker has retained its buy rating and $1.00 price target on the ASX share. It said:

Following the agreement to acquire Tyco NZ and Red Wolf on 12/12 (Hungry Caterpillar), IMB raised $20m on 16/12/25 at $0.58/share via an institutional placement to return leverage back to pre-acquisition levels (1.6x net debt/pro forma EBITDA). We incorporate the equity raise, though our price target is unchanged ($1.00) as a re-rating in peer multiples offsets the dilution.

Regal Partners Ltd (ASX: RPL)

Another ASX share that has been given a buy rating is Regal Partners.

Morgans has been impressed with the fund manager's recent trading update and particularly its performance fees. The latter has seen the broker upgrade its estimates for the coming years.

As a result, it has retained its buy rating and lifted its price target to $4.25. It said:

RPL continues to demonstrate its ability to generate performance fees through equity market cycles, with 2HCY25 performance fees of $130m being c.3x times the performance fee booked in 1HCY25. Increased confidence in the recurring nature of the performance fees has seen us increase our expectations over the forecast period, to be within the target range of 40-60 bps of FUM. Despite a solid upgrade to our CY25 earnings forecasts, the valuation impact is relatively muted, a result of the modest earnings multiple applied to average 'through the cycle' performance fees. On this basis we retain our BUY rating, increasing our target price to $4.25/sh (previously $4.00/sh).

Endeavour Group Ltd (ASX: EDV)

Morgans notes that this alcohol drinks giant has delivered an improved sales performance in the second quarter of FY 2026. However, this was achieved at the expense of margins.

As a result, it hasn't seen enough to change its rating and retained its hold recommendation and $3.70 price target. Commenting on the Dan Murphy's owner, the broker said:

EDV's Retail segment delivered an improved sales performance in 2Q26 (+1.8%) following a decline in 1Q26 (-1.4%). However, this growth was driven by sharper pricing and increased promotions, with 1H26 margins expected to be materially lower than the pcp. With the retail liquor market remaining subdued, management said the changes to its pricing strategy were aimed at reinforcing the group's customer value proposition (underpinned by Dan Murphy's lowest liquor price guarantee), reignite top-line growth, and respond to an increasingly competitive landscape, particularly online. Management has guided to 1H26 group EBIT of between $555-566m.

At the mid-point, this was 5% below both our previous forecast and Visible Alpha consensus. We adjust FY26/27/28 group EBIT forecasts by -5%/-6%/-6%. Our target price remains unchanged at $3.70, with downgrades to earnings forecasts offset by a roll-forward of our model to FY27 forecasts. HOLD rating maintained.

The post Morgans names 2 ASX shares to buy and 1 to hold appeared first on The Motley Fool Australia.

That's because listed below are two speculative, high risk, high reward ASX shares that have been rated as buys by brokers. Here's what they are recommending:

Intelligent Monitoring Group Ltd (ASX: IMB)

The team at Morgans thinks this security, monitoring and risk management services provider could be a top pick for investors.

It was pleased with the company's decision to acquire two businesses from Johnson Control which are generating high levels of recurring revenue. In addition, it believes Intelligent Monitoring Group could benefit from other acquisitions in the near future as conglomerates offload non-core assets. It said:

IMB has acquired two businesses for just $40m from Johnson Control, which together produce $10m EBITDA ( 4x EBITDA ). Each business has sticky revenue (75% recurring) with what looks like a strong customer base. In our view, IMB is a beneficiary of the dynamic whereby conglomerates are selling non-core assets following a realisation that consolidation of HVAC, fire systems and electronic security systems has failed to yield expected synergies.

While the company expects the acquisition to be +25-28% EPS accretive, we had assumed no tax was being paid in both FY26 & 27 and slightly lower interest costs. We incorporate the acquisitions and include close to full tax from FY26 onwards (as well as slightly higher interest), which sees EBIT up materially but EPS down in both FY26 and FY27. Target price rises to $1.00 through our DCF and EV/EBITDA valuation methodology.

Morgans has a speculative buy rating and $1.00 price target on this ASX stock. This implies potential upside of over 60% from current levels.

LinQ Minerals Ltd (ASX: LNQ)

Another speculative ASX stock that is rated as a buy is LinQ Minerals. It is a gold explorer that owns highly prospective ground in the Lachlan Fold Belt.

This includes the 100%-owned Gilmore Gold Copper Project, which is an advanced exploration stage project covering ~597km2 over a strike length of ~40km.

Bell Potter is bullish on the company, highlighting its experienced management team and its valuable tenement package. It explains:

LNQ has an exceptionally well qualified and experienced management team and Board. In our view it signals clear capability to discover, grow, evaluate and potentially construct a substantial gold-copper project. In addition to the existing Resource base, Gilmore offers multiple opportunities for Resource growth and exploration success in a top jurisdiction with established infrastructure that would enable capital efficient project development.

In our view, the Gilmore tenement package carries considerable value in its own right, given the high level of exploration activity being undertaken by the world's largest mining companies in a globally significant gold-copper porphyry belt.

Bell Potter has a speculative buy rating and 44 cents price target on its shares. This suggests that upside of over 100% is possible from current levels.

The post Brokers say these speculative ASX shares could rise 60% to 100% appeared first on The Motley Fool Australia.

Here's how.

ASX All Ords stock on the growth path

The first stock that looks well-placed to surge higher is Intelligent Monitoring Group Ltd (ASX: IMB).

Shares in the security, monitoring and risk management services provider closed up 3.5% on Wednesday at 59 cents a share. That sees the Intelligent Monitoring share price up 13.5% in a year.

And according to the analysts at Canaccord Genuity, the ASX All Ords stock is well-placed to deliver earnings growth.

According to the broker:

In its 1Q26 result, IMB reported a 24% increase in its commercial installation pipeline to $45m, indicating strong demand from enterprise customers for security installation and upgrade work. Management noted continued growth in data centre related work as a strong feature and expects to release FY26 guidance in line with market expectations for the first time at its 10 Nov AGM.

Canaccord estimates that management will full year provide guidance for earnings before interest, taxes, depreciation and amortisation (EBITDA) of $48 million, up 25% from FY 2025 earnings.

Canaccord added:

Of note, cash on hand ended 1Q26 at $15.5m and increased to $16.2m as of 30 October despite the $4.2m acquisition payment for BNP securities during the month, reflecting a strong start to 2Q26 cash generation.

The broker said it views the ASX All Ords stock as undervalued at its current FY 2026 estimated EV/EBITDA multiple of 6 times.

Canaccord has a price target of $1.00 a share on Intelligent Monitoring. That represents more than a 69% upside from Wednesday's closing price.

Which brings us to…

Also tipped to rocket

The second ASX All Ords stock that's been tipped to rocket from current levels is Imricor Medical Systems Inc (ASX: IMR).

Shares in the human heart focused healthcare share closed down 0.7% on Wednesday, trading for $1.35 apiece. That sees the Imricor share price up an impressive 51.7% in a year.

And the analysts at Taylor Collison believe it's set to outpace those gains in the year ahead following on the recent groundbreaking heart procedure using Imricor's MRI compatible technology.

The broker noted:

Using Imricor's suite of MRI-compatible products, Amsterdam University Medical Centre (AUMC) successfully performed the world's first real-time MR-guided ischaemic ventricular tachycardia (VT) ablation in a patient with an implantable cardiac defibrillator (ICD)…

This represents a significant de-risking milestone for IMR and validates the clinical potential of MRI-guided electrophysiology (EP) procedures.

Taylor Collison added that this could help pave the way for US FDA approval in the year ahead.

Positive EU data from the VISABL-VT trial demonstrating safe and feasible transeptal crossings in VT patients both with and without ICD's is a significant catalyst for off label VT use in the US after initial FDA approval for atrial flutter (potentially late 2026)

Connecting the dots, the broker has a price target of $2.26 on the ASX All Ords stock. That represents more than a 67% upside from Wednesday's closing price.

The post Top brokers name 2 ASX All Ords stocks tipped to surge 67% and 69% appeared first on The Motley Fool Australia.

The promising stock in question is security, monitoring, and risk management services provider Intelligent Monitoring Group Ltd (ASX: IMB).

IMB shares closed up 2.26% on Monday, trading for 68 cents apiece.

That sees shares in the ASX All Ords stock up 21% year to date.

And according to the analysts at Canaccord Genuity, those gains could be just the tip of the iceberg.

Here's why.

ASX All Ords stock tipped to outperform

IMB reported its fourth-quarter update (Q4 FY 2025) on 25 July. And investors responded by sending the ASX All Ords stock up 32.0% on the day.

Canaccord was impressed as well.

"IMB released a strong 4Q25 result given market expectations of a potential [earnings before interest, taxes, depreciation and amortisation] EBITDA miss," the broker said.

Although quarterly EBITDA of $38.6 million fell short of Canaccord's own estimate of $40 million, the broker cited the first reason to buy the stock, saying:

Importantly, this was the first quarter since 1Q25 that was not heavily impacted by non-recurring items (4Q25: -$0.1m, 3Q25: -$13.5m, 2Q25: -$6.1m, 1Q25: -$0.6m). In our view, this represents a major milestone reached by the company.

Canaccord noted that the impacts from the refinancing of IMB's debt through a new facility with National Australia Bank Ltd (ASX: NAB) and its acquisition-related costs "have now washed through". This means the company's cash generation potential has become clearer.

The second reason the ASX All Ords stock could leap higher is its cash flow growth and improving balance sheet.

"IMB remains well capitalised, with $24 million in cash-on-hand and access to a $35 million undrawn acquisition facility," Canaccord said.

The broker added:

Operating cash flow of +$17m for 4Q25 was a notable acceleration compared to previous underlying cash flow (ex. non-recurring items) in 3Q25 (+$7m) and 1H25 (+$9m), bringing the underlying FY25 result to +$32m (FY24: +$8m).

Which brings us to the third reason you may want to add this ASX All Ords stock to your portfolio.

According to Canaccord:

The roll-out of IMB's new video-based monitoring product (ADT/Video Guard) is gathering pace, having reached 300 sites around Australia, up from ~80 sites in 3Q25. In our view, video guard signifies substantial opportunity to improve an outdated signal-based system in the industry.

As for the fourth reason IMB shares could outperform in the year ahead, Canaccord said the company has "refined its go-to-market strategy in Australia with clearer operational business divisions in ADT: Direct, Signature: Industry Partnerships and IMS: Wholesale".

Connecting the dots, the broker said, "We believe the company is positioned for strong top-line organic growth in FY26 (CGe: +8%) driving impressive free cash flow generation."

Canaccord maintained its buy rating on the ASX All Ords stock with a $1.00 price target. That represents a potential upside of 47% from Monday's closing price.

The post 4 reasons this ASX All Ords stock could surge 47% appeared first on The Motley Fool Australia.

The fast-rising company in question is security, monitoring, and risk management services provider Intelligent Monitoring Group Ltd (ASX: IMB).

IMG shares closed yesterday trading for 48.5 cents. In earlier trade on Friday, shares jumped to 65 cents apiece, up 34.0%. After some likely profit-taking, shares are currently changing hands for 62.0 cents each, up 27.8%.

Here's what's spurring ASX investor interest today.

ASX All Ords stock surges on quarterly performance

The IMG share price is taking off today following the release of the company's quarterly update for the three months to 30 June (Q4 FY 2025).

The ASX All Ords stock reported an operating cash flow of $17.0 million for the quarter, which management said "confirms and validates the inherent cash flow strength" of the company.

The three months also saw the company increase its cash in the bank by $11.1 million. As at 30 June, IMG had $24.0 million cash in bank plus a $35 million acquisition facility available.

The company noted:

Q4 saw a strong step upward, driven by growth in underlying earnings and the cessation of non-recurring costs, including the earlier refinancing, ADT transition, and M&A-related costs and working capital drags.

On the earnings front, the ASX All Ords stock reported unaudited underlying full-year earnings before interest, taxes, depreciation and amortisation (EBITDA) of $38.6 million. That falls within the company's full-year EBITDA guidance of $38 million to $40 million.

Management said earnings were a little behind the company's target as some work under discussion and pending award took longer than expected to be realised. Management highlighted that the shortfall is primarily timing-related.

They added, "This work contributes to a healthy and growing pipeline for FY 2026. The acquisition of DVL (in December) and Kobe (in March) contributed above expectations."

Still, FY 2025 underlying earnings for the ASX All Ords stock grew by 8.2% year on year.

Underlying operating cash flow for the full 2025 financial year was $32.4 million. The company said this reflects a year of investments in new service lines and working capital, as DVL and Kobe were acquired and integrated into the broader business.

What else is spurring ASX investor interest?

The ASX All Ords stock is also likely getting a lift today with management flagging plans "to put in place the mechanics for an on-market share buyback".

The board said a share buyback is justified by IMG's strong and reliable cash flows and growing cash balance.

Morgans Financial will be appointed as manager of that buyback.

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