Top brokers name 3 ASX shares to buy next week

Top brokers have named TechnologyOne Ltd (ASX:TNE) and these ASX shares as buys for next week. Here’s why they are bullish on them…

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Last week saw a number of broker notes hitting the wires once again. Three buy ratings that caught my eye are summarised below.

Here’s why brokers think investors ought to buy them next week:

Ansell Limited (ASX: ANN)

According to a note out of Citi, its analysts have retained their buy rating and $46.00 price target on this safety and protective products company’s shares. The broker has been looking at the industry and believes that demand for PPE will remain strong in the near term. And while there will inevitably be a decline in sales once the pandemic passes, the broker believes the average growth rate between FY 2019 and FY 2023 means its shares are good value at the current level. The Ansell share price ended the week at $40.70. 

Bigtincan Holdings Ltd (ASX: BTH)

A note out of Morgan Stanley reveals that its analysts have retained their overweight rating and $1.50 price target on this sales enablement software company’s shares. Morgan Stanley notes that the company has been increasing the range of its offering, providing it with upselling opportunities. It also points out that management has seen opportunities to market the product to sales team that are less informed that their customer base. It believes providing these teams with real time access to content will support their sales. If the company can make a success of this, the broker believes its strong growth could continue for longer. The Bigtincan share price was fetching $1.02 at Friday’s close.

TechnologyOne Ltd (ASX: TNE)

Analysts at Morgans have retained their add rating and lifted their price target on this enterprise software company’s shares to $10.00. This follows the release of a strong first half result last week. In addition to being impressed with its result and software as a service revenue growth, Morgans was pleased with its full year guidance. The broker appears confident more of the same is coming in the future as legacy customers migrate to its cloud offering. The TechnologyOne share price ended the week at $9.20.

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James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of and recommends BIGTINCAN FPO. The Motley Fool Australia has recommended Ansell Ltd. and BIGTINCAN FPO. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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