S&P/ASX All Ordinaries (ASX: XAO) shares are up 0.96% to 7,091.8 points as the session nears its close.
As reported in The Australian, here are 3 ASX All Ords shares that have just been re-rated by the pro traders.
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Siteminder Ltd (ASX: SDR)
Siteminder is an ASX All Ords technology share, and it's having a ripper week. The Siteminder share price is up 8.4% since last Friday's close after the company revealed a 31% revenue bump in the September quarter. SiteMinder provides software for the hotel industry. Morgan Stanley has given the stock an overweight rating with a 12-month share price target of $4.75. At the time of writing, the SiteMinder share price is up 3.4% to $4.26. So, the price target implies a potential lift of 11.5% over the next year.
Infomedia Limited (ASX: IFM)
Infomedia is a software-as-a-service (SaaS) provider to the car parts and servicing industry. Bell Potter thinks this ASX All Ords tech stock has great potential for growth from here. The Infomedia share price is currently $1.48, up 1.7% for the day. The broker has slapped a buy rating on the stock with a share price target of $1.75. So, we're talking 18% potential upside over the next 12 months.
MMA Offshore Ltd (ASX: MRM)
MMA Offshore provides marine-related services. For example, it has a fleet of specialised offshore support vessels that provide services to oil and gas rigs, including subsea repairs of the rigs themselves. The stock is up an impressive 32% in the year to date amid the ASX All Ords losing 0.5%. The MMA share price is currently $1.25, up 2.6% on Thursday. PAC Partners has just commenced coverage with a buy rating and a price target of $1.65. So, the broker reckons the stock can rise another 30% within the year.
