Brokers name 3 ASX shares to buy today

Brokers are bullish on these ASX shares…

| More on:
A white and black clock face is shown with three hands saying Time to Buy reflecting Citi's view that it's time to buy ASX 200 banks

Image source: Getty Images

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

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 you might want to know more about are summarised below. Here’s why brokers think these ASX shares are in the buy zone:

Aristocrat Leisure Limited (ASX: ALL)

According to a note out of Citi, its analysts have retained their buy rating but trimmed their price target on this gaming technology company’s shares to $41.00. This follows the release of a half-year result that smashed the broker’s estimates thanks to strength from its land-based businesses. Pleasingly, Citi believes that Aristocrat’s strong market position is sustainable and continues to forecast further solid earnings growth in the coming years. The Aristocrat share price is trading at $35.21 on Friday.

Goodman Group (ASX: GMG)

A note out of Credit Suisse reveals that its analysts have retained their outperform rating on this industrial property company’s shares with a $24.05 price target. Credit Suisse was pleased to see Goodman increases its earnings per share growth guidance to 23% for FY 2022. Looking ahead, the broker continues to forecast solid earnings growth in the coming years, noting that there is good visibility on the company’s future earnings thanks to its work in progress pipeline. The Goodman share price is fetching $19.37 today.

Webjet Limited (ASX: WEB)

Another note out of Citi reveals that its analysts have retained their buy rating and lifted their price target on this online travel agent’s shares to $6.75. While the broker expects volatility to remain as we come out the pandemic, it takes comfort that the business is trending in the right direction. Furthermore, Citi is very optimistic on Webjet’s potential in the US market and suspects the market could rerate its shares to higher multiples as it grows in the massive market. The Webjet share price is trading at $6.02 on Friday afternoon.

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. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Webjet Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Broker Notes

Red buy button on an apple keyboard with a finger on it representing asx tech shares to buy today
Broker Notes

Top brokers name 3 ASX shares to buy next week

Brokers are feeling positive about these ASX shares...

Read more »

Pilbara Minerals share price ASX lithium shares A stylised clean energy battery flexes its muscles, indicating a strong lift in share price for ASX energy companies
Energy Shares

Broker names 2 of the best ASX energy share to buy in FY23

These energy shares could be buys for FY 2023...

Read more »

digital screen of bar chart representing asx tech shares
Technology Shares

Broker names 3 of the best ASX tech share to buy in FY23

These tech shares could be buys in FY 2023...

Read more »

a man wearing a hard hat and a high visibility vest stands with his arms crossed in front of heavy equipment at a mine site.
Broker Notes

Should investors dig the Fortescue share price in July?

Fortescue is suffering in the sell-off. Will things get better in July?

Read more »

3 asx shares to buy depicted by man holding up hand with 3 fingers up
Broker Notes

Broker names 3 of the best ASX shares to buy in July

These three ASX shares are highly rated this month...

Read more »

A white and black clock face is shown with three hands saying Time to Buy reflecting Citi's view that it's time to buy ASX 200 banks
Broker Notes

Brokers name 3 ASX shares to buy today

Brokers are bullish on these ASX shares...

Read more »

Three different hands against a blue backdrop signal thumbs up, indicating share price rise on the ASX market
Technology Shares

Why this top broker just slapped a buy rating on Xero shares

Xero shares could be great value according to Morgans...

Read more »

A businessman lights up the fifth star in a lineup, indicating positive share price for a top performer
Broker Notes

Top broker names 3 of the best ASX 200 shares to buy in FY23

These ASX 200 shares have been named as some of the best shares to buy in FY 2023...

Read more »