Morningstar analysts have uplifted the fair value estimate for software-as-a-service company TechnologyOne (ASX:TNE) by 25%, pushing it to A$14.00 per share.

The decision cites the company’s robust public-sector customer base, alongside high customer retention rates, as the driving factors.

The brokerage anticipates TechnologyOne’s revenue to surge at a compound annual growth rate of 10%, with its EBIT margin expected to increase from 31% in the fiscal year 2022 to 37% in the fiscal year 2032.

The analysis also points to the company’s long-term growth being propelled by the increased advancement and adoption of its products, notably within the local government and education sectors in Australia and New Zealand.

TechnologyOne’s stocks have been given ‘buy’ or higher ratings by five out of thirteen analysts, with six advising a hold and two suggesting a sell or lower, according to LSEG Data.

The company’s stock has seen a rise of 16.1% year-to-date, as of the most recent closing figures.

TechnologyOne is a software-as-a-service company with a strong customer base primarily in the public sector and education industries.

According to brokerage firm Morningstar, the takeover of funeral services provider InvoCare (ASX:IVC) by U.S.

fund manager TPG is all but guaranteed to take place, even though the offered cash proposal is considered to be ‘too cheap’.

Morningstar stated that TPG’s per share cash consideration stays at a 12% discount, at A$12.70, to their stand-alone valuation of A$14.50 per share.

The brokerage firm has maintained their fair value estimate of A$12.70 per share.

Furthermore, all five analysts who’ve rated InvoCare’s stock consider it a ‘hold’, with a median price target of A$11.45, as per data from LSEG.

So far this year, InvoCare’s share prices have risen 14.1%, up until the most recent closing price.

InvoCare (ASX:IVC) is a leading provider of funeral services.

Shares of the mineral exploration company focused in Botswana, Kavango Resources (ASX:EEL), leaped 8.3% to 0.7p.

The company is entering an agreement with Global Exploration Technologies to purchase six new prospecting licenses.

Global Exploration Technology is a wholly owned subsidiary of ENRG Elements (ASX:EEL).

Kavango Resources announced its acquisition of a 90% working interest in the six prospecting licenses located in Botswana’s Kalahari Copper Belt.

To finalize this acquisition, Kavango Resources (ASX:EEL) will pay Global Exploration Technologies a total of AUD $2.5 million ($1.61 million) in cash.

Despite this uptick, the company’s stock price is down 48.15% for this year to this point.

Kavango Resources (ASX:EEL) is a Botswana-based mineral exploration firm with a focus on the development of its assets within the region.

Argonaut Resources shares (ASX:ARE) have plummeted to an unprecedented low, suffering as much as a 34% hit to reach a record low price of A$0.066.

The exploration company intends to raise A$3.66 million through a fully underwritten, non-renounceable pro-rata entitlement offer.

The offer price has been set at A$0.05 per new share, a staggering 50% discount to the stock’s last known closing price.

This significant drop makes for Argonaut’s biggest intraday fall since September 15 of the previous year.

Fact check reveals an extreme decline in the Argonaut stock down by as much as 50% Year-To-Date, as recorded at the last closing.

Argonaut Resources (ASX:ARE) is an exploration company focusing on mining.

Following an increase in its price target, Brambles shares have experienced a boost.

Analysts at Macquarie have raised the price target on Brambles from A$15.05 per share to A$15.45 per share.

This has been reflected in a 1.9% rise of Brambles shares to A$14.63, marking its most productive day since August 30.

Macquarie anticipates that the logistics firm will augment its earnings forecast for the fiscal year 2024.

Furthermore, the company is expected to see an underlying profit growth of 9-12% for the FY24.

Macquarie projects an increase in EPS by 1-3% over FY24 to FY26.

Brambles continues to maintain its ‘outperform’ rating.

Out of fifteen analysts, nine rate the stock ‘buy’ or higher, while four maintain a ‘hold’, and two have a ‘sell’.

The median price target stands at A$16.0, in accordance with LSEG data.

The stock has seen a 19% rise this year, up until the last close.

Brambles is an Australian logistics company well-known for its operations in supply-chain logistics.

Macquarie analysts expressed a positive outlook on Aristocrat Leisure’s land-based growth in the Americas, underpinned by the operating environment and competitive landscape.

The brokerage reaffirmed its ‘outperform’ rating, while raising the target price for the Australia-based gaming content and technology company by A$2 to A$48.50/share.

As of the previous close, Aristocrat Leisure shares have surged 33.3% this year with a 1.4% hike at A$41.27 reported recently.

Macquarie underlined the good momentum maintained by Aristocrat Leisure’s land-based Americas business segment, encompassing offline gaming operations.

Despite an ongoing debate around softening consumer sentiment, the company’s land-based Americas business continues to enjoy a healthy operating environment.

According to LSEG data, out of 11 analysts, 10 rate Aristocrat Leisure as ‘buy’ or higher and one as a ‘hold’.

Their median target price is A$44.75.

Aristocrat Leisure is a leading Australian gaming content and technology company.

Analysts at Citi are labeling the appointment of a new managing director and chief executive at Australia’s GPT Group (ASX:GPT) as a positive move.

The real investment trust announced on Monday that former finance chief of peer company Charter Hall, Russel Proutt, has been chosen as its new CEO and MD.

Following this news, shares saw a rise of 0.4% to A$3.98.

The brokerage commented that the recent appointment has sparked much discussion among investors and could potentially guide GPT towards a period of management stability.

Citi also pointed out that Russell is well recognized in the local Aussie market and over the span of 30 years, he has accumulated substantial leadership experience in commercial property markets.

To date, the stock has seen a decrease of 5.5% for the year, as per the last closing.

GPT Group (ASX:GPT) is a major Australian commercial real estate company best known for managing properties in the retail, office, and logistic sectors.

Shares of the Australian explorer, ENRG Elements (ASX:EEL), have risen sharply, gaining as much as 16.7% to reach A$0.0070.

This dramatic increase came after the company announced that its unit had finalized a binding agreement with Kavango Resources PLC to sell a 90% stake in its Ghanzi-West Copper-Silver project located in Botswana.

The all-inclusive selling price for the stake is set at A$2.5 million.

This strategic move is expected to aid ENRG Elements in its overarching goal to monetise non-core assets.

Stock markets reacted to this news with increased trading activity around ENRG Elements, leading to around 5.6 million of their shares being exchanged, a significant surge compared to the 30-day average volume of 1.8 million.

Despite today’s substantial rise, ENRG Elements' shares are still down by approximately 79% this year, as of the last closing.

For context, this performance contrasts with a 0.43% increase experienced by the benchmark S&P/ASX 200 index.

ENRG Elements is an Australian exploration company primarily involved in identifying, acquiring and developing mineral resources.

Shares of Wrkr (ASX:WRK) experienced an increase of up to 7.41%, reaching A$0.029.

The bolstered performance is due to Wrkr (ASX:WRK) landing an estimated A$3 million contract, equivalent to $1.9 million, from Link Group.

This contract supplements a deal established in November 2022 for a period of three years.

So far this year, Wrkr’s stock has proved promising, with a surge of over 17% identified at the last closure.

Wrkr is a fintech company.

Shares of Australian company Allkem (ASX:AKE) are down as much as 5% to A$11.41 and are on track for their worst day since September 21.

The company, which mines lithium, has announced rising capital costs for its projects, including the James Bay project in Canada.

The capital cost estimates for James Bay has been raised to $381.5 million, marking a 33.8% increase from the estimates provided in December 2021.

Allkem (ASX:AKE) has also raised its cost estimate for the Cauchari lithium brine project in Argentina to $659 million, up from $446 million.

In addition, the operating costs per tonne of lithium carbonate equivalent were noted to have increased from $3,560 to $4,081.

The company, which is currently in the process of merger with the U.S.

lithium behemoth Livent, claims these increases align with the current uptrend in inflationary pressures.

Despite the current fall, Allkem’s stock has risen 6.9% this year, as of last recorded close.

Allkem (ASX:AKE) is an Australian lithium mining company with substantial projects in Canada and Argentina.