It has been another busy week for Australia's top brokers. This has led to the release of a large number of broker notes.
Three broker buy ratings that have caught my eye are summarised below. Here's why brokers think these ASX shares are in the buy zone:
Airtasker Ltd (ASX: ART)
According to a note out of Morgans, its analysts have retained their add rating and lifted their price target on this small jobs marketplace company's shares to $1.30. Morgans was pleased with Airtasker's full year results, which came in ahead of expectations for operating earnings and takerate. Morgans was also pleased to see the company reaffirm its guidance for GMV of over $200 million in FY 2022 despite lockdowns. The Airtasker share price is fetching $1.00 today.
CSL Limited (ASX: CSL)
Another note out of Morgans reveals that its analysts have retained their add rating and lifted their price target on this biotherapeutics company's shares to $324.40. This follows the release of a solid full year result that beat on both the top and bottom lines. Morgans notes that this was driven largely by a standout performance by its Seqirus business thanks to stronger than expected influenza vaccine demand. The CSL share price is trading at $305.72 on Friday.
Domino's Pizza Enterprises Ltd (ASX: DMP)
Analysts at Citi have retained their buy rating and lifted their price target on this pizza chain operator's shares to $159.05. According to the note, Domino's outperformed its profit expectations in FY 2021. Positively, Citi believes there's still plenty more growth to come. The broker also sees opportunities for the company to accelerate its growth through acquisitions in new territories. All in all, Citi believes this warrants its shares trading on elevated earnings multiples. The Domino's share price is fetching $141.71 today.
