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 leading brokers have named as buys this week are listed below. Here's why they are bullish on them:
Computershare Limited (ASX: CPU)
According to a note out of Morgans, its analysts have upgraded this stock transfer company's shares to an add rating with a $27.53 price target. Morgans has boosted its earnings estimates to reflect the improving outlook for interest rates. It expects this to allow the company to deliver a solid FY 2022 result and strong earnings growth in FY 2023. The Computershare share price is trading at $24.23 on Monday.
Harvey Norman Holdings Limited (ASX: HVN)
A note out of Goldman Sachs reveals that its analysts have retained their buy rating but cut their price target on this retail giant's shares to $4.50. While the broker has revised its earnings estimates lower, it expects the company's attractive valuation and high dividend yield to attract investors back into the stock. It also believes the company has ~$1.2 billion for potential bolt-on acquisitions or expanded capex for growth investments. The Harvey Norman share price is fetching $3.85 today.
WiseTech Global Ltd (ASX: WTC)
Analysts at Ord Minnett have upgraded this logistics solutions technology company's shares to a buy rating with a $52.00 price target. The broker made the move on valuation grounds. It appears to see recent weakness in the tech sector as a buying opportunity for investors. The WiseTech share price is down over 30% in 2022 and currently trading at $40.88 on Monday afternoon.
