Consumer staples shares weren't far behind, surging 7.62%.

Meanwhile, the S&P/ASX 200 Index (ASX: XJO) rose 2.07% to 8,804 points by Friday's close.

Experts are now predicting an eventual cut for interest rates due to crumbling consumer confidence and low GDP growth.

Consumer sentiment fell in May to one of its weakest levels ever in the 50-year history of the benchmark monthly survey.

Softer-than-expected inflation also enhances the case for rates to be kept on hold or cut at some point.

Annual headline inflation fell to 4.2% in April, down from 4.6% in March, according to Bureau of Statistics figures.

On Friday, the ASX 200 rallied 1.98% after US President Donald Trump said a peace deal with Iran could be reached this weekend.

This would likely lead to the reopening of the Strait of Hormuz, a vital shipping route that carries 20% of the world's oil and gas.

The ongoing oil shock has contributed to resurgent inflation and three interest rate increases in Australia this year.

The Reserve Bank will announce the next interest rate decision on Tuesday.

It may seem counterintuitive that signs of economic weakness boosted ASX 200 retail shares last week.

But remember, share markets tend to look six to 12 months into the future.

Thus, economic weakness today is pushing retail stocks up as investors anticipate a greater likelihood of interest rate cuts.

Let's see how some individual retail stocks performed last week.

Consumer discretionary shares led the ASX sectors last week

The Wesfarmers Ltd (ASX: WES) share price leapt 9.55% over the short trading week to finish at $86.47.

Shares in gaming technology company Aristocrat Leisure Ltd (ASX: ALL) rose 5.07% to $53.91.

The Lottery Corporation Ltd (ASX: TLC) share price soared 8.81% to $5.68.

The Light & Wonder Inc (ASX: LNW) share price ripped 9.8% higher to $127.26.

JB Hi-Fi Ltd (ASX: JBH) shares ascended 7.6% to finish the week at $77.24.

The Harvey Norman Holdings Ltd (ASX: HVN) share price increased 7.88% to $4.79.

Temple & Webster Group Ltd (ASX: TPW) shares soared 13.09% to $5.27.

The Nick Scali Limited (ASX: NCK) share price rocketed 11.71% to $15.46.

Eagers Automotive Ltd (ASX: APE) shares rose 7.06% to $22.29.

The Super Retail Group Ltd (ASX: SUL) share price lifted 8.39% to $12.27.

Lovisa Holdings Ltd (ASX: LOV) shares surged 8.66% to $22.20 apiece.

ASX 200 travel share Flight Centre Travel Group Ltd (ASX: FLT) edged 0.36% higher to $11.07.

The Guzman Y Gomez Ltd (ASX: GYG) share price lifted 3.63% to $19.40.

ASX 200 market sector snapshot

Here's how the 11 market sectors stacked up last week, according to CommSec data.

Over the shortened trading week:

The post Why did ASX 200 retail shares outperform last week? appeared first on The Motley Fool Australia.

It was a bit of a wild session for the ASX 200 today, with the index dipping into the red at one point. But investors regained their optimism, and the index finished 0.57% higher at 8,653.3 points.

This successful session for Australian investors comes after a mixed night on the American markets.

The Dow Jones Industrial Average Index (DJX: .DJI) fared decently, rising by 0.17%.

However, the tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) went the other way, dropping a chunky 0.97%.

But let's return to the local markets now and dive a little deeper into what the different ASX sectors were up to today.

Winners and losers

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

But the silver lining of a down year is that there are plenty of ASX shares offering significant upside. 

When markets are flat or underperforming, it means there are value opportunities for investors. 

Here are three such ASX shares tipped to rise significantly over the next 12 months. 

Light & Wonder Inc (ASX: LNW)

Light & Wonder, Inc. engages in the development of technology-based products, services, and associated content. It operates through the following segments: Gaming, SciPlay, and iGaming.

Its share price has fallen by over 25% year to date; however, it has been generating plenty of buzz amongst experts. 

It appears now could be the chance to scoop up this blue-chip consumer discretionary stock at a considerable discount. 

It closed trading yesterday at $116.35 per share. 

However, Macquarie recently placed a $200 price target on these ASX shares. 

Bell Potter placed its most recent 12-month target at $192 per share. 

If it were to reach this range in the next 12 months, it would represent a 65%-72% gain. 

Judo Capital (ASX: JDO)

Bank shares have been one of the sectors that have largely underperformed in 2026. 

Investors usually associate the sector with steady revenue and reliable dividends. 

However, the big four banks have all struggled in 2026. 

It appears that for banking stocks, opportunity lies outside the big four. 

Enter Judo Bank. 

The Australian bank focused on lending to small and medium enterprises (SMEs) has seen its share price fall 20% year to date. 

However, experts are tipping this bank stock as the one to buy in 2026. 

The team at Morgans recently retained a buy recommendation on this small business lender's shares with an improved price target of $2.15.

From current levels, this indicates an upside of 50%. 

Idp Education (ASX: IEL)

IDP Education Ltd is a global education service offering English language testing and international student placement services. The company is a co-owner of IELTS, or International English Language Testing System, which administers English language testing around the world.

Its share price rose 5% yesterday, but it remains down by more than 60% year to date. 

Brokers now believe these ASX shares have been oversold. 

A note out of Morgans said it sees scope for earnings to stabilise and return to growth from FY27. 

The broker has placed a price target of $3.15 on these ASX shares. 

This target is 50% higher than current levels. 

The post 3 oversold ASX shares to target right now for 70% gains appeared first on The Motley Fool Australia.

The S&P/ASX 200 Index (ASX: XJO) rose 0.86% amid volatile trading to 8,731.7 points by Friday's close.

There was a strong 1.62% rally on Friday on fresh hopes of an imminent deal between the US and Iran.

Meanwhile, softer-than-expected inflation data on Wednesday quelled fears of further interest rate hikes ahead.

Annual headline inflation fell to 4.2% in April, down from 4.6% in March, according to the Australian Bureau of Statistics.

That's why consumer discretionary shares outperformed their peers last week.

Let's take a look at some individual stock price movements.

Consumer discretionary shares led the ASX sectors last week

The Wesfarmers Ltd (ASX: WES) share price lifted 6.84% over the week to finish at $79.79.

The Lottery Corporation Ltd (ASX: TLC) share price rose 4.43% to $5.42.

The Light & Wonder Inc (ASX: LNW) share price ascended 1.68% to $116.73.

JB Hi-Fi Ltd (ASX: JBH) shares rose by 2.45% to finish the week at $74.49.

Shares in furniture retailer Harvey Norman Holdings Ltd (ASX: HVN) lifted 5.01% to $4.61.

Super Retail Group Ltd (ASX: SUL) shares rose 5.77% to $11.73 apiece.

Lovisa Holdings Ltd (ASX: LOV) shares increased 6.08% to close at $23.22.

ASX 200 travel stock Flight Centre Travel Group Ltd (ASX: FLT) ripped 9.08% to $10.93 per share.

Shares in Premier Investments Limited (ASX: PMV) zoomed 7% higher to $12.53.

Some ASX 200 retail shares did not follow the broader sector trend last week.

Eagers Automotive Ltd (ASX: APE) shares fell 2.61% to $20.89 apiece.

The Guzman Y Gomez Ltd (ASX: GYG) share price eased 0.76% to $19.66.

Shares in gaming technology company Aristocrat Leisure Ltd (ASX: ALL) dipped 0.63% to $50.10.

The Breville Group Ltd (ASX: BRG) share price moderated 0.21% to $28.94.

ASX 200 market sector snapshot

Here's how the 11 market sectors stacked up last week, according to CommSec data.

Over the five trading days:

The post Why did ASX 200 retail shares lead the market last week? appeared first on The Motley Fool Australia.

Virgin Australia Holdings Ltd (ASX: VGN)

The ASX 200 airline stock crashed in March as conflict in the Middle East and rising fuel prices put its shares under pressure. More recently, Virgin Australia recently told Webjet Group Ltd (ASX: WJL) that it will substantially reduce its commission streams and commercial arrangements from the 1st of July 2026. It also looks like investors are slowly rotating back into airlines and travel companies after fears around Middle East fuel disruptions have started to ease. The company also recently confirmed its FY26 guidance, which has helped gather more confidence from investors. I like the look of this ASX 200 travel stock, and analysts are also very bullish. Brokers rate the shares as a strong buy. They tip an upside of 45% to $3.72 over the next 12 months. 

Light & Wonder Inc (ASX: LNW)

The tech-based gaming company's shares surged to an all-time high in January but then crashed 44% to a three-year low of $102.66 in early May after the company posted its first-quarter FY26 earnings results. The result was mixed, with a 2% increase in revenue and 5% increase in adjusted EBITDA. Meanwhile net income fell a huge 37%. Investors quickly sold up shares and while there has been a small rebound since, at the time of writing, sentiment hasn't yet returned. Light & Wonder has been reshaping its business in recent years, focusing on recurring revenue and higher-quality earnings. If execution continues improving, it could continue to build value over the long term. Brokers are bullish and rate the ASX 200 shares as a strong buy. They expect a 77% upside to $198.50 over the next 12 months, at the time of writing.

Zip Co Ltd (ASX: ZIP)

Zip shares have been volatile this year after the stock was caught up in a sector-wide tech sell-off. Investors have also been taking their gains off the table after the stock rallied strongly last year. Technology and growth shares have also come under renewed pressure again recently as investors reassess valuations and risk appetite. The ASX 200 tech shares continued softening through May as investor sentiment struggled to rebound. But I think the stock is now oversold and trading far below fair value. Brokers rate the shares as a strong buy and tip a 72% upside to $3.83, at the time of writing.

Catalyst Metals Ltd (ASX: CYL)

Western Australian gold producer's shares stormed higher earlier this year after it announced a significant new high-grade discovery at its Plutonic Gold Belt in January. The miner posted another positive drilling update earlier this month. The results included visibility of a potential mine life of more than 10 years at approximately 60,000 ounces per annum. The ASX 200 gold stock has been subject to a few ups and downs over the past couple of months. Although this was mostly in line with a fluctuating gold price. But it has shown a long period of operational consistency and organic growth. The miner expects production to increase towards the latter half of FY26 too. Analysts rate the stock as a strong buy and tip a maximum target price of $14.63. That implies a potential 169% upside at the time of writing.

The post 4 ASX 200 shares I'd buy with $5,000 in June appeared first on The Motley Fool Australia.

That second group can be powerful for patient investors, as high-quality businesses with long runways can create serious wealth over time.

Here are three that could do this over the next decade:

Hub24 Ltd (ASX: HUB)

The first ASX share to look at is Hub24.

It operates an investment platform used by financial advisers and their clients. These platforms help manage portfolios, reporting, administration, and access to investment products in one place.

Hub24 has benefited from a major shift in Australia's wealth management industry. Advisers have been moving away from older platforms and toward technology-led providers that offer better functionality, flexibility, and service.

This has helped the company win market share and attract growing funds under administration. And as more money flows onto its platform, Hub24 benefits from scale, recurring revenue, and deeper relationships with advisers.

There will always be competition in platform technology. But Hub24 has built a strong position in a large industry that still has room to modernise.

Light & Wonder Inc (ASX: LNW)

Another ASX share that could build wealth over time is Light & Wonder.

It operates in the global gaming industry, providing gaming machines, digital casino content, and social gaming products. This gives it exposure to several parts of a large entertainment market.

Light & Wonder's strength is its content. Successful gaming products rely on engaging maths models, strong brands, player appeal, and distribution across land-based and digital channels. When a company gets that mix right, popular titles can travel across markets and formats.

The business also has a global opportunity. Casinos, digital operators, and social gaming platforms all need fresh content to keep players engaged. That creates a long runway for companies that can consistently develop and distribute successful games.

This is not a risk-free sector. Regulation, competition, and consumer trends all matter. But Light & Wonder has a platform that gives it multiple ways to grow earnings if it continues executing well.

Macquarie Group Ltd (ASX: MQG)

A third ASX share to consider is Macquarie.

The investment bank and asset manager has built one of the most impressive long-term track records on the ASX. Its operations span asset management, commodities, infrastructure, green energy, banking, and markets.

What makes Macquarie interesting is its ability to find growth opportunities across cycles. It is not reliant on one narrow earnings stream. Some divisions perform better in volatile markets, while others benefit from long-term investment themes.

Its global infrastructure and asset management capabilities are particularly important. Demand for capital to fund energy transition, data infrastructure, transport assets, and essential services could remain significant for decades.

Overall, few ASX financial shares have shown the same ability to adapt, reinvest, and grow across different environments as Macquarie.

The post 3 ASX shares that could build serious wealth for shareholders appeared first on The Motley Fool Australia.

Telix Pharmaceuticals Ltd (ASX: TLX)

Telix shares have tumbled 10% in May so far, but they're still 56% higher than a multi-year low recorded in mid-February. At the time of writing on Tuesday morning, the ASX 200 biopharmaceutical stock is tumbling again, down 2.38% to $13.11 a piece.

The beaten down share price has faced several headwinds recently, including short-selling and sluggish investor sentiment. But the company is rapidly expanding into the radiopharmaceutical sector and recently announced a new FDA approval, a major collaboration, a revenue increase, and a bumper FY26 revenue guidance.

Brokers seem to think there is plenty more room for the stock to run too. They tip a 79% upside to $23.60 a piece, at the time of writing.

Zip Co Ltd (ASX: ZIP)

Zip shares have suffered a volatile start to 2026 so far. Its share price has swung anywhere between $1.45 and $3.56 a piece. At the time of writing, the shares are down another 2.22% to $2.20 each.

The tech shares have been under pressure since reaching a multi-year high in October last year. It was caught up in a tech sector-wide sell-off and investors took gains off the table after a strong rally. The ASX 200 tech shares continue to soften this month, likely due to slumping sentiment. Technology and growth shares have also come under renewed pressure again as investors reassess valuations and risk appetite.

But I think the stock is now oversold and trading far below fair value. Brokers tip a 74% upside to $3.83, at the time of writing.

Light & Wonder Inc (ASX: LNW)

Light & Wonder shares are down 0.39% to $115.79 in early morning trade on Tuesday. The tech-based gaming company's shares surged to an all-time high in January. But the shares then crashed 44% to a three-year low of $102.66 in early May after the company posted its first quarter FY26 earnings results. The result was mixed, with a 2% increase in revenue and 5% increase in adjusted EBITDA. Meanwhile net income fell a huge 37%. Investors quickly sold up shares and while there has been a small rebound since, sentiment hasn't yet returned.

Brokers are much more optimistic and expect a 73% upside to $198.50 over the next 12 months, at the time of writing.

Life360 Inc (ASX: 360)

Life360 shares are down another 0.74% to $18.86 at the time of writing on Tuesday morning. The latest share price is now 66% lower than an all-time high recorded in October last year.

The company has faced several headwinds, including the tech-sector-wide sell-off, a rotation away from AI-related stocks, and concerns that prices had become overvalued. But the ASX 200 company shows potential for a resurgence this year. It recently reported a 38% increase in revenue for the latest quarter, and upgraded its FY26 adjusted EBITDA and revenue guidance.

Brokers are very bullish about the outlook for Life360 shares over the next 12 months, with consensus of a strong upside ahead. They tip the shares to climb another 70% to $34.01.

The post 4 ASX 200 shares tipped to jump another 70-80% appeared first on The Motley Fool Australia.

Not only do they have strong long-term growth outlooks, but they were recently recommended as buys by analysts with major upside potential.

Here are the two ASX shares that they are recommending to clients:

Light & Wonder Inc (ASX: LNW)

Light & Wonder is an ASX share with momentum building beneath the surface.

The company operates across gaming content, gaming machines, systems, and digital gaming. Its strength lies in creating content that can be used across multiple channels and markets.

This matters because gaming technology is increasingly about content depth and distribution. A successful game can generate value across land-based casinos, online platforms, and social gaming channels.

Light & Wonder has been reshaping its business in recent years, with a stronger focus on recurring revenue and higher-quality earnings.

The company also has scale in a global industry where content, relationships, and regulatory approvals matter.

If Light & Wonder keeps improving its execution and expanding digital revenue, it could continue to build value over the long term.

Earlier this month, Macquarie put an outperform rating and $200.00 price target on the company's shares. Based on its current share price, this implies potential upside of approximately 75%.

Netwealth Group Ltd (ASX: NWL)

Netwealth Group is benefiting from a major shift in Australia's wealth management industry.

The company operates a platform used by financial advisers to manage client portfolios, reporting, administration, and investment access.

Its growth is being supported by advisers moving away from older legacy platforms toward more modern technology. This migration has been playing out for years, and Netwealth has been one of the winners.

A key part of the appeal is operating leverage. As more funds move onto the platform, revenue can grow faster than costs if the business continues to scale efficiently.

Australia's superannuation and investment markets remain large, and advisers still need better tools to manage increasingly complex client needs.

With funds under administration continuing to shift toward independent platforms, Netwealth remains well placed to benefit from this structural change.

This month, Morgan Stanley put an overweight rating and $33.00 price target on Netwealth's shares. Based on its current share price, this suggests that upside of approximately 50% over the next 12 months.

The post Analysts say these ASX shares could rise 50% to 75% appeared first on The Motley Fool Australia.

Among the 11 market sectors, financials are in the lead today, up 0.4%, as Commonwealth Bank of Australia (ASX: CBA) shares recover modestly from yesterday's mammoth 10.3% drop.

The consumer staples sector is the laggard today, down 2.5%, after an explosive Federal Court judgement against Coles Group Ltd (ASX: COL).

ASX All Ords shares have slipped into the red for 2026, and are currently down 2% in the year to date (YTD).

But the experts say some stocks are on a vastly different path.

Here are four ASX All Ords shares with 12-month share price targets from the experts that suggest significant growth ahead.

Life360 Inc (ASX: 360)

The Life360 share price is $18.49, down 1.5% today.

Over the past six months, this ASX All Ords tech share has lost 50% of its market valuation.

The substantial decline came amid a broader tech sector rout that ran from late August to 30 March this year.

Since the turnaround began on 31 March, Life360 shares have risen 1.9%.

Life360 shares are vastly underperforming the S&P/ASX 200 Info Tech Index (ASX: XIJ), which is 12.5% higher since 31 March.

Bell Potter is optimistic on Life360 shares and gives the stock a buy rating.

The broker's 12-month price target is $32.50, suggesting 76% upside from here.

Helloworld Travel Ltd (ASX: HLO)

Helloworld Travel shares are down 1.4% to $1.43 apiece, and down 25% YTD.

Shaw and Partners has a buy rating on this ASX All Ords travel share with a 12-month target of $2.80.

This implies 95% capital growth ahead.

Neuren Pharmaceuticals Ltd (ASX: NEU)

The Neuren Pharmaceuticals share price is $12.74, up 0.2% on Thursday.

This ASX All Ords healthcare share has fallen 33% in 2026 so far amid a broader sector downfall.

The S&P/ASX 200 Health Care Index (ASX: XHJ) is also down 33% YTD as the industry battles many headwinds.

However, Bell Potter is confident that Neuren Pharmaceuticals shares will come back.

The broker has renewed its buy rating with a price target of $22.

This implies 73% capital growth over the next 12 months.

Light & Wonder Inc (ASX: LNW)

The Light & Wonder share price is $113.86, down 1.6% today and down 27% YTD.

Bell Potter recently reiterated its buy rating on Light & Wonder shares but lowered its price target from $220 to $190.

This still implies impressive potential growth of 67% ahead for the ASX All Ords gaming share.

The post 4 ASX All Ords shares expected to rise 65% to 95% in a year appeared first on The Motley Fool Australia.

This disappointing mid-week session for Australian investors comes after a mixed night over on Wall Street.

The Dow Jones Industrial Average Index (DJX: .DJI) recovered from an early dip to post a 0.11% gain.

However, the tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) wasn't so lucky and ended up dropping 0.71%.

Let's get back to ASX shares now, though, and take a deeper dive into what was going on amongst the different ASX sectors today.

Winners and losers

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

It is a leading global cross platform games company that operates three cohesive segments in the gaming sector.

It has been in focus this week after the company released quarterly results.

The company's net income came in at US$52 million, down 37% on the first quarter the previous year.

Net income fell 37% to US$52 million, while diluted net income per share declined 30% to US$0.66.

Management attributed the decline largely to approximately US$50 million in legal reserve contingencies associated with legacy legal matters.

Light and Wonder shares have experienced some volatility since reporting, and ultimately are down 29% from the start of the year. 

Here is the latest guidance from Morgans following last week's results. 

Softer than expected

Morgans said Light & Wonder delivered a softer than expected 1Q26 result missing Morgans and consensus on revenue and AEBITDA in what is seasonally the group's weakest quarter. 

The North American Gaming operations installed base was the standout negative surprise – ex-Grover net installs of -420 units, driven by the earlier than anticipated Resorts World New York VLT to Class III conversion – compounded by weak international machine sales and ongoing SciPlay softness. Grover delivered a strong 660 sequential net adds on Indiana market entry, and AEBITDA margins expanded across every segment.

Buy rating retained 

Based on this guidance, Morgans has retained its buy recommendation, but lowered its 12-month target price to $168 (previously A$183) on Light and Wonder shares.

The market's 8% sell-off reflects legitimate frustration, though at ~10x forward PER and an FY26-28F EPSA CAGR of 17%, we view the dislocation as an opportunity.

From yesterday's closing price of $110.30, this indicates an upside potential of 52%. 

Other brokers weigh in

Light & Wonder shares are drawing attention from other brokers too. 

It seems sentiment around the market suggests Light & Wonder shares could now be significantly undervalued.

Following its results, both UBS and Macquarie updated their guidance on the gaming stock. 

Macquarie's price target on the stock is $200, while UBS has a price target of $210 on Light & Wonder shares.

The broker said they were confident the company could deliver 5% to 9% EBITDA growth this year.

Elsewhere, Bell Potter have retained their buy rating on this gaming technology company's shares with a reduced price target of $190.00. 

These estimates between $190 and $210 indicate upside potential of between 72% and 90%. 

The post Why do brokers believe Light & Wonder shares could rise between 72% and 90%? appeared first on The Motley Fool Australia.

Both of the analyst teams at UBS and Macquarie have very bullish share price targets on Light & Wonder shares, which we'll get to shortly.

Solid, yet unexceptional, first quarter

Firstly, let's look at what the company announced.

Light & Wonder said in its statement to the ASX that revenue grew 2% during the first quarter to US$790 million, "against a strong prior year period''.

The company said:

Light & Wonder delivered a solid start to 2026 underpinned by its highly diversified business model, continued disciplined execution across all three businesses and strong cash flow generation, while demonstrating resilience against a backdrop of macroeconomic and geopolitical uncertainty, including tariff-related pressures. We continue to execute against our commitment to deliver enhanced quality of earnings through recurring revenue(4), with Gaming operations and iGaming as the primary growth drivers during the quarter, each delivering double-digit year-over-year revenue increases. This was further underpinned by continued operational momentum and content strength.

The company's net income came in at US$52 million, down 37% on the first quarter the previous year, "reflecting approximately US$50 million in legal reserve contingencies associated with certain legacy legal matters, which impacted year-over-year net income and net income per share growth by approximately 61% and 67%, respectively''.

The company said its installed base in the North American market grew for the 23^rd consecutive quarter.

Light & Wonder Chief Executive Officer Matt Wilson said:

The first quarter of 2026 marks the beginning of the next phase of the Company's growth trajectory: one defined by our content-centric operating model, deepening customer relationships, disciplined execution, expanding margins and enhanced capital structure. We are seeing the benefits of our continued investment in studios and content, as our franchises drive strong game performance across the portfolio. Looking ahead, we remain focused on investing in product innovation and talent to further strengthen our recurring revenue model and enhance our global competitive position as we progress toward our 2028 financial targets.

Shares looking cheap

Macquarie said in a note to clients following the release of the quarterly results that it was positive that Light & Wonder had flagged an acceleration of its buyback in the second quarter.

They said they were confident the company could deliver 5% to 9% EBITDA growth this year.

Macquarie's price target on the stock is $200, compared with $111.02 at the time of writing.

UBS said the first quarter results disappointed against their expectations, "but we have hardly changed our full year estimates or valuation and remain positive on LNW with significant valuation upside''

UBS has a price target of $210 on Light & Wonder shares.

Light & Wonder is valued at $9.09 billion.

The post How high do UBS and Macquarie think this ASX gaming stock will go? appeared first on The Motley Fool Australia.

That's because analysts are tipping these shares to rise at least 20% over the next 12 months.

Here's what they are recommending this month:

Imdex Ltd (ASX: IMD)

The team at Morgans is bullish on this mining technology company and has named it as an ASX 200 share to buy.

It was impressed with its strong quarterly update and believes that there's potential for the company to outperform for the full year. It said:

The 3Q update was strong with constant FX organic revenue growth of +26% YoY. While we pare back our FY26 revenue forecast slightly on FX, we make negligible changes to our EBITDA forecast ($164m +3% vs VA consensus $160m) as mix benefits offset the lower revenue. For FY27-28, we increase our earnings forecasts on confirmation of strong volume growth and recent capital markets activity. While we see capacity for a slight beat in August, in our view, outer year upgrades will be the key driver of the share price from here.

FY27 VA consensus revenue is muddled due to recent break-even acquisitions, however, FY27 EBITDA of $187m implies less than +10% organic revenue growth in the base business vs FY26 consensus EBITDA of $160m (assuming incremental margins of +40-50% and an incremental +$7m EBITDA YoY contribution from ALT/MSI). We forecast FY27 EBITDA of $200m (+7% vs $160m consensus).

Morgans has put a buy rating and $5.00 price target on its shares. Based on its current share price of $4.04, this implies potential upside of over 20% for investors over the next year.

Light & Wonder Inc (ASX: LNW)

Bell Potter thinks this gaming technology company could be an ASX 200 share to buy.

Although its first-quarter update was softer than expected, it believes this was due to one-offs. It said:

1Q26 represents a poor start to the year, however, we note that International shipments, the primary driver for the miss, is typically lumpy QoQ. We believe the decline in GO base install reflects a one-off occurrence that should benefit future quarters. Notwithstanding the continued disappointment in SciPlay revenue growth, which we now forecast flat YoY for FY26, we continue to believe improving game performance will support BPe and consensus forecasts across CY26-28e.

Bell Potter has retained its buy rating with a $190.00 price target. Based on its current share price of $114.64, this implies potential upside of 65% for investors over the next 12 months.

The post These ASX 200 shares could jump 20% to 65% appeared first on The Motley Fool Australia.

This tough bookend to the week's trading for ASX investors follows a sobering session on the American markets overnight.

The Dow Jones Industrial Average Index (DJX: .DJI) couldn't keep its early rise and closed down 0.63%.

Things were a little tamer on the tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC), though, which fell 0.13%.

But let's get back to the local markets now to take a look at what was happening amongst the various ASX sectors this Friday.

Winners and losers

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

Three broker buy ratings that you might want to know more about are summarised below. Here's why brokers think these ASX shares are in the buy zone right now:

Light & Wonder Inc (ASX: LNW)

According to a note out of Bell Potter, its analysts have retained their buy rating on this gaming technology company's shares with a reduced price target of $190.00. This follows the release of its quarterly results, which fell short of expectations. While Bell Potter was disappointed with the results and highlights that Light & Wonder has had a poor start to the year, it isn't overly concerned. That's because it thinks the earnings miss was driven by international shipments, which are notoriously lumpy quarter to quarter. As a result, the broker thinks this is a one-off and believes Light & Wonder's international shipments will soon catch back up. In light of this, it sees significant value in the company's shares after recent weakness. The Light & Wonder share price is trading at $114.60 on Friday.

Minerals 260 Ltd (ASX: MI6)

A note out of Morgans reveals that its analysts have retained their buy rating on this gold miner's shares with an improved price target of $1.40. This follows news that the company has awarded a major construction contract for the Bullabulling operation. It feels that this is a key step toward development. In addition, it highlights that ongoing drilling continues to support resource growth, conversion and strike continuity. The broker thinks this reinforces confidence in the scale and quality of the system. As a result, it has updated its model to reflect a larger-scale operation, lifting Stage 2 milling capacity to 8Mtpa (from 7Mtpa) and increasing forecast production to ~228,000 ounces per annum. The Minerals 260 share price is fetching 79 cents at the time of writing.

TechnologyOne Ltd (ASX: TNE)

Another note out of Bell Potter reveals that its analysts have upgraded this enterprise software provider's shares to a buy rating with an improved price target of $31.75. This follows news that Technology One has won a new contract with James Cook University. Bell Potter believes this is significant from a product perspective as it demonstrates the power of Technology One's Agentic AI product to win contracts. As a result, it has boosted its annual recurring revenue forecasts for the medium term and its valuation accordingly. The TechnologyOne share price is trading at $28.13 this afternoon.

The post Brokers name 3 ASX shares to buy right now appeared first on The Motley Fool Australia.

Every one of the 11 market sectors is in the red today.

Losses range from 0.03% for the ASX communications sector to 2.47% for property shares.

The world is waiting for Iran's response to a US peace plan that would end the war and reopen the Strait of Hormuz.

Meanwhile, brokers have indicated new confidence in several ASX 200 shares with rating upgrades this week.

Let's take a look.

Lottery Corporation Ltd (ASX: TLC)

The Lottery Corporation share price is $5.33, down 0.5% today.

This ASX 200 consumer discretionary share has risen 2% in the year to date (YTD).

Morgans upgraded Lottery Corporation shares from hold to accumulate yesterday.

The broker raised its 12-month price target from $5.70 to $6, suggesting 12% upside from here.

Morgans said:

The Lottery Corporation (TLC) has secured a 40-year extension of its Victorian Public Lottery Licence to 30 June 2068, paying a $1.145bn upfront premium funded entirely by debt.

The duration and timing of the renewal was a mild surprise given the licence was historically offered on 10-year terms and wasn't expiring until June 2028.

We view the deal as strategically positive, but near-term earnings absorb the cost. 

Light & Wonder Inc (ASX: LNW)

The Light & Wonder share price is $110.18, up 7.3% today.

Over the past month, this ASX 200 gaming share has fallen 13%.

Morgans upgraded Light & Wonder shares to a buy rating yesterday.

The broker shaved its 12-month price target from $140 to $138.

This implies a healthy potential 25% upside ahead.

ANZ Group Holdings Ltd (ASX: ANZ)

The ANZ share price is $36.87, down 1.3% today.

Over the past month, this ASX 200 bank share has fallen 3.8%.

Morgans upgraded ANZ shares from a sell to trim rating this week.

The broker lifted its 12-month price target by 4% to $31.85.

This suggests a potential 13% downside ahead.

After reviewing the bank's 1H FY26 results, Morgans said:

1H26 revenues were flat on an underlying basis, but cost decline and credit impairment charges were better than expected.

Target price increased 4% to $31.85/sh, given 3-6% earnings upgrades and decision to recommence neutralising the DRP.

National Australia Bank Ltd (ASX: NAB)

The NAB share price is $38.53, down 2.5% today.

Over the past month, this ASX 200 financial share has fallen 13.5%.

Morgans upgraded NAB shares from a sell to a trim rating this week.

The broker lifted its 12-month price target by 4% to $36.10.

This implies a potential 6% moderation ahead.

Morgans said 1H FY26 earnings "were a mixed bag and a touch below expectations".

Westpac Banking Corp (ASX: WBC)

The Westpac share price is $37.84, down 1.9% for multiple reasons on Friday.

Over the past month, this ASX 200 bank share has fallen 9.8%.

Morgans upgraded Westpac shares from a sell to a trim rating this week.

The broker cut its price target by 3% to $33.07, implying a 13% fall ahead.

Morgans commented on Westpac's 1H FY26 results:

Strong volume momentum but earnings leverage dissipated with margin compression and credit risk pressures.

TechnologyOne Ltd (ASX: TNE)

The TechnologyOne share price is $28.37, up 3.4% on Friday.

Over the past month, this ASX 200 tech share has fallen 3.6%.

Bell Potter upgraded TechnologyOne shares to a buy rating yesterday.

The broker raised its 12-month price target from $31 to $31.75, suggesting 12% upside ahead.

Atlas Arteria Ltd (ASX: ALX)

The Atlas Arteria share price is $4.80, down 0.1% today.

This ASX 200 industrials stock surged recently on news of a hostile takeover bid from IFM Investors.

Atlas Arteria's independent directors have recommended that investors reject the $4.75 per share offer.

Morgans upgraded Atlas Arteria shares from trim to hold this week.

The broker said:

ALX recommended its investors ignore IFM's hostile off-market takeover bid, citing the offer price as too low, the timing opportunistic, and the offer highly conditional. It also disclosed it initiated a sale process for its interest in Chicago Skyway which, if successful, could be value accretive (at least to our valuation).

While the Chicago Skyway divestment process is underway we moderate our rating from TRIM to HOLD given potential for value realisation above what we consider to be the intrinsic value of the asset and hence driving our ALX valuation up close to where the share price is currently trading.

Morgans has a share price target of $4.22 on the toll roads operator.

This suggests a 12% downside from here.

The post 7 ASX 200 shares just upgraded this week appeared first on The Motley Fool Australia.

So much so, the ASX 200 share is down almost 35% since the start of the year.

Is this a buying opportunity? Let's see what analysts at Bell Potter are saying about the gaming technology company.

What is the broker saying?

Bell Potter highlights that the ASX 200 share released its first-quarter update, which was a touch weaker than expected. This was due to soft international shipments and SciPlay revenue. It said:

LNW reported AEBITDA -1% and -3% below BPe and VA consensus, respectively. Profit & loss: LNW reported +2% YoY revenue growth (incl. inorganic) to US$790m below BPe of US$811m and consensus of US$827m, driven by +3% YoY growth in Gaming (BPe +9%), -7% YoY decline in SciPlay (BPe -7%) and +18% YoY growth in iGaming (BPe +8%).

The AEBITDA miss to consensus was driven primarily by weaker than expected International shipments and SciPlay revenue.

In response, the broker has trimmed its earnings estimates for the near term. It adds:

EPS changes: -2%/-1%/0% over CY26/27/28e primarily reflecting: lower international shipments, SciPlay revenue, Nth. Am. non-premium install base growth partially offset by higher Fee per Day (FPD), Gaming margins and buybacks.

Should you buy this ASX 200 share?

While Bell Potter acknowledges that Light & Wonder delivered a disappointing update, it remains positive on the investment opportunity here.

According to the note, the broker has retained its buy rating on its shares with a reduced price target of $190.00 (from $220.00).

Based on its current share price of $102.66, this implies potential upside of 85% for investors over the next 12 months.

As mentioned above, Bell Potter thinks Light & Wonder has had a poor start to the year. But it believes this is largely a one-off and expects a stronger performance in the coming quarters. It said:

1Q26 represents a poor start to the year, however, we note that International shipments, the primary driver for the miss, is typically lumpy QoQ. We believe the decline in GO base install reflects a one-off occurrence that should benefit future quarters.

Notwithstanding the continued disappointment in SciPlay revenue growth, which we now forecast flat YoY for FY26, we continue to believe improving game performance will support BPe and consensus forecasts across CY26-28e. We lower TP on higher RFR and retain Buy. LNW trades on a compelling 9x CY26 EBITA.

The post Down 35%: Is this ASX 200 share a strong buy now? appeared first on The Motley Fool Australia.

At the time of writing, two of the big-name S&P/ASX 200 Index (ASX: XJO) shares are underperforming the 0.9% gains posted by the benchmark index, while one is racing ahead of those gains.

Here's what's grabbing investor interest.

Amcor shares lift on sales growth

Amcor shares are outperforming today, up 4.5% at $55.05 apiece.

This follows the release of the global packaging giant's March quarter results (Q3 FY 2026).

The ASX 200 stock said it realised acquisition synergies of US$77 million during the quarter, now that its acquisition of Berry Global is complete.

"Third quarter results were in line with expectations and reflect the resilience of our business as we mark the first anniversary of bringing legacy Amcor and Berry together as One Amcor," CEO Peter Konieczny said.

Highlights from the quarter included a 77% year-on-year increase in net sales to US$5.91 billion.

And adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) of US$892 million were up 87% from Q3 FY 2025.

On the passive income front, the company, which pays quarterly dividends, delivered a record payout of 91 Aussie cents per Amcor share, unfranked.

Light & Wonder shares sink on Q1 update

Unlike Amcor shares, Light & Wonder shares are taking a beating today.

Shares in the ASX 200 gaming company are down 8.9% at the time of writing, changing hands for $102.04 apiece.

Investors are favouring their sell buttons following the release of Light & Wonder's first-quarter results (Q1 2026).

On the positive side of the ledger, quarterly revenue of US$790 million was up 2% year on year. And adjusted EBITDA of US$327 million was up 5%.

However, statutory net income of US$52 million was down 37% from Q1 2025. Management pointed to some US$50 million in provisions tied to past legal matters for much of that decline.

Tabcorp shares crash on AUSTRAC investigation

Joining Light & Wonder and Amcor shares in making waves today, Tabcorp is grabbing attention for all the wrong reasons.

Shares in the ASX 200 gambling company are down a sharp 20.7% at the time of writing, trading for 91.2 cents apiece.

In a market release this morning, Tabcorp reported that AUSTRAC has "a number of serious concerns" regarding the company's ability to effectively identify, mitigate, and manage its money laundering and terrorism financing risks.

AUSTRAC has now commenced an enforcement investigation.

Commenting on the investigation that's hammering Tabcorp shares today, CEO Gillon McLachlan said:

I am committed to leading a compliant and safe company that understands its risk obligations. Uplifting our risk capability has been an ongoing part of the company's transformation and we will work constructively with AUSTRAC through this process.

The post Why Tabcorp, Light & Wonder and Amcor shares are making waves on Thursday appeared first on The Motley Fool Australia.

Four ASX shares that have failed to follow the market higher today are listed below. Here's why they are falling:

Light & Wonder Inc (ASX: LNW)

The Light & Wonder share price is down 9% to $101.82. Investors have been selling the gaming technology company's shares following the release of a mixed quarterly update. Light & Wonder reported a 2% increase in revenue to US$790 million for the quarter. In addition, consolidated adjusted EBITDA rose 5% to US$327 million. However, on a reported basis, net income fell 37% to US$52 million. This is largely due to approximately US$50 million in legal reserve contingencies associated with legacy legal matters.

Super Retail Group Ltd (ASX: SUL)

The Super Retail share price is down 3.5% to $11.27. This follows the release of a trading update from the retailer. Super Retail revealed that group like-for-like sales are currently up 0.4% during the second half. It also warned that it is being impacted by higher fuel prices and rising interest rates. It said: "Sales momentum across all four brands was adversely affected by the onset of the Middle East conflict. Inflationary pressures, including higher fuel prices and rising interest rates, together with concerns around fuel availability weighed on consumer sentiment, with the impact most pronounced over the key Easter trading period."

Tabcorp Holdings Ltd (ASX: TAH)

The Tabcorp share price is down 20% to 91.7 cents. This has been driven by news that the gambling company has become the subject of an AUSTRAC enforcement investigation. Tabcorp advised that this relates to anti-money laundering and counter-terrorism financing (AML/CTF) compliance. AUSTRAC has stated that the investigation is at an early stage and its approach will be determined once sufficient evidence has been collected and assessed. In response, Tabcorp's CEO, Gillon McLachlan, said: "I am committed to leading a compliant and safe company that understands its risk obligations. Uplifting our risk capability has been an ongoing part of the Company's transformation and we will work constructively with AUSTRAC through this process."

Woodside Energy Group Ltd (ASX: WDS)

The Woodside Energy share price is down 4% to $30.52. Investors have been selling Woodside and other ASX energy shares today after the US and Iran appeared to make progress with peace talks. This led to oil prices tumbling deep into the red overnight.

The post Why Light & Wonder, Super Retail, Tabcorp, and Woodside shares are falling today appeared first on The Motley Fool Australia.

At the time of writing, the ASX 200 gaming stock is down 11% to $100.08.

What is weighing on Light & Wonder shares?

The catalyst for the selling has been the release of a mixed first-quarter result.

According to the release, Light & Wonder reported revenue of US$790 million for the quarter, up 2% on the prior corresponding period.

Also growing was its consolidated adjusted EBITDA, which rose 5% to US$327 million, while adjusted NPATA per share increased 7% to US$1.45.

Reported profit falls

Despite the adjusted earnings growth, statutory earnings were significantly weaker.

Net income fell 37% to US$52 million, while diluted net income per share declined 30% to US$0.66.

Management attributed the decline largely to approximately US$50 million in legal reserve contingencies associated with legacy legal matters.

This appears to be one reason the market is reacting negatively today.

Gaming machine sales disappoint

There were also signs of weakness in parts of the Gaming division.

While Gaming revenue increased 3% to US$512 million, Gaming machine sales revenue fell 25%. Management advised that this reflects the timing of international and North American video lottery terminal shipments in the prior year period.

Gaming Systems revenue also declined 14%, mainly due to lower hardware sales.

The ASX 200 stock also revealed that the SciPlay business remains under pressure.

Revenue fell 7% to US$187 million, driven by continued weakness in JACKPOT PARTY Casino.

Management notes that the mature social casino market remains challenging, although SciPlay did deliver higher adjusted EBITDA and margin expansion.

Management commentary

The ASX 200 stock's CEO, Matt Wilson, was pleased with the quarter. He said:

The first quarter of 2026 marks the beginning of the next phase of the Company's growth trajectory: one defined by our content-centric operating model, deepening customer relationships, disciplined execution, expanding margins and enhanced capital structure. We are seeing the benefits of our continued investment in studios and content, as our franchises drive strong game performance across the portfolio.

Gaming momentum remained robust, with our North American premium installed base growing for the 23rd consecutive quarter, and Grover continued its expansion into the recently legalized Indiana market. iGaming delivered another double-digit growth quarter in both revenue and AEBITDA, while SciPlay continued to expand its DTC revenue.

Cash flow a brighter spot

On the positive side, adjusted free cash flow increased 86% to US$207 million, reflecting strong underlying cash generation.

The company also maintained its net debt leverage ratio within its target range and reiterated its intention to reduce leverage below 3.0 times during the first half of 2027.

Outlook

Light & Wonder expects full year consolidated adjusted EBITDA growth in the mid to high single digits.

However, management warned of ongoing macroeconomic and geopolitical uncertainty, including tariff-related cost pressures and a pending increase in UK iGaming gambling duties.

Wilson concludes:

Looking ahead, we remain focused on investing in product innovation and talent to further strengthen our recurring revenue model and enhance our global competitive position as we progress toward our 2028 financial targets.

The post Why are Light & Wonder shares sinking 11% today? appeared first on The Motley Fool Australia.