Leading brokers name 3 ASX shares to buy today

Leading brokers have named Qantas Airways Limited (ASX:QAN) and these ASX shares as buys this week. Here's why they are bullish on them…

| More on:

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

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:

Atlas Arteria Group (ASX: ALX)

According to a note out of Goldman Sachs, its analysts have put a buy rating and $7.29 price target on this toll road operator's shares. While the broker notes that traffic volumes remain weak on its roads, it expects a big improvement in the coming months. This is due to infection rates naturally slowing post winter and the inoculation program making process. Goldman appears optimistic that its shares will rerate higher as traffic volumes and distributions recover. The Atlas Arteria share price is trading at $6.04 this afternoon.

Nitro Software Ltd (ASX: NTO)

Analysts at Morgan Stanley have retained their overweight rating and lifted their price target on this document productivity software company's shares to $3.70. According to the note, the broker believes the company's guidance for the second half is conservative and appears confident it will outperform it. Particularly given that management has a number of growth levers to pull. The Nitro Software share price is fetching $2.59 on Monday.

Qantas Airways Limited (ASX: QAN)

A note out of Macquarie reveals that its analysts have upgraded this airline operator's shares to an outperform rating with a $6.35 price target. According to the note, the broker believes that domestic capacity will come roaring back in the near term, bringing it close to pre-pandemic levels. In addition to this, it remains optimistic that international travel won't be too far away given the rollout of vaccines in its key destinations. Overall, the broker believes the company is coming out of the crisis in a stronger position. The Qantas share price is trading at $5.45 this afternoon.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Nitro Software Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Share Market News

A happy young couple lie on a wooden deck using a skateboard for a pillow.
Share Gainers

These were the best-performing ASX 200 shares in March

These shares made their shareholders smile in March thanks to some very big gains.

Read more »

Businessman using a digital tablet with a graphical chart, symbolising the stock market.
Opinions

2 ASX shares I have been buying in 2024!

I’m a believer in the long-term outlook of these stocks.

Read more »

Stock market chart in green with a rising arrow symbolising a rising share price.
Share Gainers

Here are the top 10 ASX 200 shares today

It was a massive day for the ASX 200, with a new all-time high recorded.

Read more »

A man sits thoughtfully on the couch with a laptop on his lap.
Technology Shares

This ASX tech stock rocketed 60% in March! Can it keep on delivering?

After soaring in March, the ASX tech stock is now up 169% since this time last year.

Read more »

Broker Notes

Brokers name 3 ASX shares to buy now

Here's why brokers are feeling bullish about these three shares this week.

Read more »

A young man clasps his hand to his head with his eyes closed and a pained expression on his face as he clasps a laptop computer in front of him, seemingly learning of bad news or a poor investment.
Share Fallers

Why Burgundy Diamond Mines, Clarity Pharmaceuticals, EML, and Zip are sinking today

These ASX shares are ending the week in the red. But why?

Read more »

A young women pumps her fists in excitement after seeing some good news on her laptop.
Share Gainers

Why Mesoblast, Newmont, Pilbara Minerals, and Platinum shares are jumping

These ASX shares are ending the week strongly. But why?

Read more »

a young boy dressed up in a business suit and tie has a cute grin and holds two fingers up.
Opinions

2 of my top ASX 200 shares to consider buying before April

I would happily exchange dollars for these two shares right now.

Read more »