Top brokers name 3 ASX shares to buy next week

Brokers are feeling positive about these ASX shares…

| More on:
finger pressing red button on keyboard labelled Buy

Image Source: Getty Images

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:

Reliance Worldwide Corporation Ltd (ASX: RWC)

According to a note out of Ord Minnett, its analysts have retained their buy rating and lifted their price target on this plumbing parts company’s shares to $6.20. The broker believes trading conditions are favourable in its key markets and has upgraded its earnings estimates to reflect this. It also believes it has the balance sheet strength to undertake acquisitions or capital management. The Reliance share price ended the week at $5.35.

Whispir Ltd (ASX: WSP)

Another note out of Ord Minnett reveals that its analysts have retained their buy rating and lifted their price target on this cloud communications platform provider’s shares to $4.30. According to the note, the broker was pleased with its performance during the fourth quarter and feels that its new customer additions will be supportive of further solid growth in FY 2022. It has also been pleased with its early success in the United States market, which provides it with a significant growth opportunity. The Whispir share price was fetching at $2.83.

Zip Co Ltd (ASX: Z1P)

Analysts at Citi have retained their buy rating and $10.25 price target on this buy now pay later (BNPL) provider’s shares. This follows the release of Zip’s fourth quarter update last week. According to the note, the broker was pleased with Zip’s performance during the quarter. Citi notes that Zip’s transaction volume and revenue came in ahead of its expectations. The broker suspects that the weakness in the Zip share price post-release was driven by the lack of commentary on potential M&A interest. The Zip share price ended the week at $7.09.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of January 12th 2022

Motley Fool contributor 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 has recommended Reliance Worldwide Corporation Limited, Whispir Ltd, and ZIPCOLTD FPO. The Motley Fool Australia has recommended Reliance Worldwide Corporation Limited and Whispir Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Broker Notes

A scene of a busy city streeet in Sydney with an old town hall in the background next to a modern high rise building with a blur of people walking in multiple directions on the footpaths in front of them.
Ask a Fund Manager

‘High quality’ ASX company that has all of Sydney as customers

Ask A Fund Manager: Glenmore Asset Management's Robert Gregory picks a stock that's so reliable he'd be happy to be…

Read more »

Red percentage sign on blocks on top of each other, symbolising interest rates.
Broker Notes

3 cheap ASX shares set to boom with higher interest rates: Wilsons

Most stocks hate when rates rise. But not this trio, which are inexpensive right now and have blue skies ahead,…

Read more »

a headshot of james gerrish in an office setting.
Technology Shares

Why this ASX 200 share is my biggest personal holding: fund manager

In a rare insight, a prominent stock expert just revealed the largest holding of his own personal portfolio.

Read more »

Red buy button on an apple keyboard with a finger on it.
Broker Notes

Top brokers name 3 ASX shares to buy today

Brokers are feeling bullish about these ASX shares...

Read more »

A trendy woman wearing sunglasses is making it rain, spraying cash on that bargain.
Broker Notes

Macquarie reveals 2 sectors where bargain ASX shares still exist

The broker reckons ASX shares and US equities are still expensive, even after the recent pullback.

Read more »

A man leans out of his car window with a massive smile on his face and waves.
Industrials Shares

‘Too early to brake for the next exit’: What this top broker likes about Transurban shares

Analyst sentiment appears to be bullish on Transurban.

Read more »

a young girl wearing a set of airplane wings stands on a tarmac with hands in the air and an excited look on her face as though she is about to take off.
Broker Notes

Ready for takeoff? Top broker sees smooth runway for Qantas shares in 2022

Travel stocks are back in the limelight it seems.

Read more »

A group of three builders wearing worker overalls and carrying hard hats in their hands jumps jubilantly atopa rooftop space on a commercial building with an airconditioner shaft in the background and the sun behind a light cloud behind them.
Broker Notes

Why is the James Hardie share price surging higher today

We look at what's driving the recovery in the building materials company's shares on Wednesday.

Read more »