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Buy, Sell, Hold – Woolworths (WOW) & Catapult (CAT)

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Question asked 17/05/2025

Buy, Sell, Hold – Woolworths (WOW) & Catapult (CAT)

Hi James, Shawn and Team. Do you think Woolworths [WOW] is a buy at the current price $31-$32? Do you Catapult {CAT] is a sell at the current price $4.40? Alternatively do you have a target price for CAT? Cheers, Jeremy

Answer

Hi Jeremy,

We discussed CAT in depth here Catapult (CAT) on Wednesday, the conclusion being we remained long and bullish around $4.30; it might take a while to challenge $5 but the surprises are likely to be on the upside. We really like this business and the direction they are heading.

Woolworths (WOW) epitomises a defensive play on the ASX and although its bounced well, along with most of the ASX200, over recent weeks, its not on our “shopping list”. Back in March we adopted a bullish stance towards WOW but 10% higher and its risk/reward has diminished. We don’t believe the 2H of 2025 is the time to adopt a defensive stance across portfolios.

We can see WOW testing $35 in 2025 in-line with our underlying bullish stance toward equities but we prefer more of a “risk on” approach into Christmas.

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Woolworths Ltd (WOW)

LAST UPDATED 16/05/2025 16:31

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