With so many shares to choose from on the ASX, 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 ASX shares that leading brokers have named as buys this week are listed below. Here's why they are bullish on them:
Bigtincan Holdings Ltd (ASX: BTH)
According to a note out of Morgan Stanley, its analysts have initiated coverage on this sales enablement software provider's shares with an overweight rating and $1.40 price target. This follows the release of a strong second quarter update last week. Morgan Stanley believes Bigtincan is well-placed to benefit from industry tailwinds and its position as the leader in its field. It believes this could lead to strong growth rates over the coming years. The Bigtincan share price is fetching $1.08 this afternoon.
Kogan.com Ltd (ASX: KGN)
A note out of Credit Suisse reveals that its analysts have retained their outperform rating and lifted the price target on this ecommerce company's shares to $21.08. According to the note, the broker was pleased with Kogan's first half update. It notes that its sales and profit were in line with its estimates. Looking ahead, the broker believes Kogan is well-placed to benefit from the shift to online shopping, particularly given the expansion of its offering and the acquisition of New Zealand-based online retailer Mighty Ape. The Kogan share price is trading at $17.41 on Monday.
ResMed Inc. (ASX: RMD)
Analysts at Morgans have retained their add rating but trimmed the price target on this medical device company's shares slightly to $30.09. According to the note, ResMed delivered a stronger than expected second quarter update last week. Morgans was pleased with its strong revenue growth and the expansion of its margins. Furthermore, it believes the company is well-placed to continue its growth in the coming years thanks to mask resupply, stable pricing, and growth in sleep treatment patient diagnoses. The ResMed share price is fetching $26.31 today.
