As the financial calendar turns to March, investors are eyeing new opportunities to bolster their portfolios. Morgans, a leading brokerage firm, has identified three ASX-listed shares that it believes hold significant potential for growth this month. These recommendations aim to provide investors with strategic insights into promising sectors.
Catalyst Metals Ltd: A Golden Opportunity
Morgans has expressed a bullish outlook on Catalyst Metals Ltd (ASX: CYL), a prominent gold mining company. The broker has maintained its buy rating and set a price target of $14.56, following the company’s half-year financial results. Despite legal challenges, Catalyst Metals’ performance has been buoyed by favorable gold prices.
“1H26 result was broadly in line with expectations, with FY26 shaping as a foundation year ahead of a step-change in ounce growth from FY27 and beyond, underpinned by ~10 years of reserves. Key positive: Continued uplift in the price of gold has delivered a material uplift in revenue (+50% pcp) and underlying EBITDA (+92%) despite ounce production effectively being flat pcp. Key negative: legal settlement fees regarding Plutonic’s K2 prospect (A$49m) eroded NPAT which was not fully captured in our forecasts. We maintain our BUY rating and A$14.56ps price target.”
The announcement comes as gold continues to be a safe haven for investors amid global economic uncertainties. The company’s strategic reserves position it well for future growth, making it an attractive option for those seeking exposure to the precious metals market.
Light & Wonder Inc.: Harnessing AI for Competitive Advantage
Another ASX share that has caught Morgans’ attention is Light & Wonder Inc. (ASX: LNW), a gaming technology company. Morgans has issued a buy rating with a revised price target of $195.00, citing the company’s innovative use of artificial intelligence (AI) as a key growth driver.
“We were encouraged by management’s articulation of AI as both an offensive growth lever and a defensive moat. Net/net, we view AI as enhancing LNW’s competitive edge rather than eroding it, and the recent share price weakness appears disconnected from the durability of its land-based earnings base.”
This development follows a broader trend in the gaming industry, where AI is increasingly being leveraged to enhance user experiences and operational efficiency. Morgans notes that Light & Wonder’s strategic focus on AI positions it well to capitalize on emerging market opportunities.
Objective Corporation Ltd: Riding the IT Growth Wave
Finally, Morgans has spotlighted Objective Corporation Ltd (ASX: OCL), an information technology software and services provider. With a buy rating and a price target of $16.70, Morgans sees long-term growth potential despite recent share price fluctuations.
“OCL’s FY26 ARR guidance has been reset to 10-14% (CC basis). Our EBITDA forecasts reduce by -4% across FY26-FY28F, driven by adjustments for ARR guidance and our expectations around timing of investment/margins and currency movements. Our blended DCF/EV/EBITDA based price target revises to $16.70/sh (from $20.00/sh). We see tailwinds remaining supportive of OCL’s long-term growth momentum. Following the recent pullback in OCL’s share price we move to a Buy rating (from Accumulate).”
The move represents a strategic shift in Objective Corporation’s market positioning, as it adapts to evolving industry dynamics. The company’s focus on recurring revenue streams and strategic investments in technology make it a compelling choice for investors looking to tap into the IT sector’s growth potential.
Implications for Investors
According to sources, Morgans’ recommendations reflect a broader confidence in the resilience and growth prospects of these companies. The brokerage’s insights are particularly valuable as investors navigate a complex economic landscape marked by volatility and rapid technological advancements.
As investors consider these recommendations, it’s crucial to weigh the potential risks and rewards associated with each company. The ongoing developments in the gold market, the integration of AI in gaming, and the evolution of IT services highlight the dynamic nature of these sectors.
Looking ahead, investors will be keen to monitor how these companies execute their strategic plans and respond to market challenges. Morgans’ analysis provides a roadmap for those seeking to make informed investment decisions in March and beyond.
