Brokers name 3 ASX shares to buy today

Brokers are bullish on these ASX shares…

| More on:

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:

Jumbo Interactive Ltd (ASX: JIN)

According to a note out of Goldman Sachs, its analysts have initiated coverage on this lottery ticket seller's shares with a buy rating and $15.30 price target. Goldman likes Jumbo due to its strong growth outlook driven partly by its Powered by Jumbo business. It believes this side of the business is well-placed to grow its market share at home and overseas. All in all, Goldman is forecasting earnings growth ahead of consensus estimates in the coming years. The Jumbo share price is trading at $12.18 today.

Mineral Resources Limited (ASX: MIN)

A note out of Citi reveals that its analysts have retained their buy rating and lifted their price target on this mining and mining services company's shares to $86.00. Citi recently attended a presentation relating to Mineral Resources' Mt Marion and Wodgina lithium operations. Following the presentation, the broker remains very bullish and is expecting these lithium operations to generate over three-quarters of its earnings in FY 2023. The Mineral Resources share price is fetching $70.48 on Friday.

Qantas Airways Limited (ASX: QAN)

Analysts at UBS have retained their buy rating and lifted their price target on this airline operator's shares to $7.20. This follows the release of the company's first half update, which revealed materially stronger than expected earnings. The good news is that UBS believes that FY 2024 could be even stronger, which could bode well for the company's shares. The Qantas share price is trading at $5.83 this 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 positions in and has recommended Jumbo Interactive Limited. The Motley Fool Australia has recommended Jumbo Interactive Limited. 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

Doctor doing a telemedicine using laptop at a medical clinic
Healthcare Shares

3 small-cap ASX healthcare shares 'with strong prospects'

Fund manager IML discusses why these 3 ASX healthcare shares are likely to rise in value.

Read more »

a man wearing old fashioned aviator cap and goggles emerges from the top of a cannon pointed towards the sky. He is holding a phone and taking a selfie.
Broker Notes

7 ASX All Ords shares elevated to 'strong buy' status in October

The brokers turned bullish on these ASX companies last month.

Read more »

Five young people sit in a row having fun and interacting with their mobile phones.
Broker Notes

Brokers name 3 ASX shares to buy today

Here's why brokers are feeling bullish about these three shares this week.

Read more »

A male electricity worker in hard hat and high visibility vest stands underneath large electricity generation towers as he holds a laptop computer and gazes up at the high voltage wires overhead.
Energy Shares

AGL share price dives 7% on broker downgrade

Broker Barrenjoey has released a note forecasting lower earnings for AGL between FY26 and FY30.

Read more »

Woman smiles at camera at she buys greens from the supermarket.
Broker Notes

Are Woolworths shares a bargain buy after being sold off?

Let's see what Goldman Sachs is saying about this blue chip following its update.

Read more »

a cute little boy with curly hair wearing a business suit with a tie and too big glasses looks intently at an old fashioned business calculator with a scroll of paper spilling onto his desktop.
Broker Notes

These 3 ASX 200 shares just got a big broker upgrade

Do you own any of these shares that brokers just upgraded?

Read more »

a smiling woman sits at her computer at home with a coffee alongside her, as if pleased with her investments.
Broker Notes

Top brokers name 3 ASX shares to buy today

Here's what brokers are recommending as buys this week.

Read more »

A man slumps crankily over his morning coffee as it pours with rain outside.
Broker Notes

Guess which hugely popular ASX 300 stock was just downgraded

A leading broker has taken off its buy rating this morning. But why?

Read more »