With so many shares to choose from on the Australian share market, it can be hard to decide which ones to buy.
The good news is that brokers across the country are doing a lot of the hard work for you.
Three top shares that leading brokers have named as buys this week are listed below. Here's why they are bullish on them:
Atomos Ltd (ASX: AMS)
According to a note out of Morgans, its analysts have resumed coverage on this video technology company's shares with an add rating and $1.64 price target. This follows the completion of a $22 million capital raising to fund the acquisition of Timecode Systems. The broker expects Timecode Systems' strategic IP to be implemented into Atomos products over time. This could be a big selling point as it has developed technology that enables video/audio to be synced at the point of capture. This is historically very expensive to do, but Atomos will be able to commercialise it for mass-market use. I think Atomos is an exciting company and well worth watching closely.
Pushpay Holdings Ltd (ASX: PPH)
A note out of the Macquarie equities desk reveals that its analysts have upgraded this payments company's shares to an outperform rating and lifted the price target on them to NZ$4.61 (A$4.42). According to the note, the broker appears confident that Pushpay's acquisition of Church Community Builder for US$87.5 million will be a good one. It notes that the strategic rationale for the acquisition is sound and should provide a big lift to its revenue in FY 2021. I agree with Macquarie on Pushpay and feel it is a great long term investment.
Treasury Wine Estates Ltd (ASX: TWE)
Analysts at UBS have retained their buy rating and $20.50 price target on this wine company's shares. According to the note, the broker remains positive on Treasury Wine Estates despite recent industry data pointing to softening wine trends in the United States. UBS notes that the data was in line with its forecasts and doesn't cover its whole portfolio. The broker has previously spoken positively about its long-term opportunity in the US and in Asia. I think Treasury Wine Estates would be a very good long term investment option for investors.
