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:
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Block Inc (ASX: SQ2)
According to a note out of Credit Suisse, its analysts have retained their outperform rating and US$125 (A$180) price target on this payments company's shares. This follows the release of Block's quarterly update last week. Credit Suisse was pleased with what it saw and believes that if the Cash App business continues its strong growth it could underpin a rerating of the company's shares. The Block share price is trading at $126.67 today.
Nearmap Ltd (ASX: NEA)
A note out of Citi reveals that its analysts have retained their buy rating and $1.90 price target on this aerial imagery company's shares. Citi has been looking at Nearmap's new Hypercamera 3 platform. The broker expects it to help the company extend its leadership in the aerial imagery market as a vertically integrated player. It highlights that the platform has the ability to drive higher revenue growth through new premium products and reduce capture costs via higher altitude operations. The Nearmap share price is fetching $1.47 on Monday.
Santos Ltd (ASX: STO)
Analysts at Macquarie have retained their outperform rating and $10.00 price target on this energy producer's shares. The broker is expecting a strong result from Santos later this month. In addition, it suspects the company could reward shareholders with a greater than expected interim dividend thanks to its strong cash flow. The Santos share price is trading at $7.04 this afternoon.
