Experts name 2 ASX 50 shares to buy

These ASX 50 shares have been named as buys…

| More on:
a man raises his fists to the air in joyous celebration while learning some exciting good news via his computer screen in an office setting.

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

The ASX 50 index is home to many of the highest quality companies that the Australian share market has to offer.

And while not all shares in the index are necessarily in the buy zone right now, two that could be are listed below.

Here's why analysts rate these ASX 50 shares as buys:

CSL Limited (ASX: CSL)

The first ASX 50 share to consider is CSL. It is one of the world's leading biotechnology companies, comprising the CSL Behring, CSL Vifor, and Seqirus businesses.

As well as having a portfolio filled to the brim with high quality therapies, CSL invests 10%-11% of its sales back into research and development activities each year. This ensures that the company has a large number of potentially lucrative therapies under development, supporting its future growth.

Citi is positive on CSL and currently has a buy rating and $340.00 price target on its shares.

Telstra Corporation Ltd (ASX: TLS)

Another ASX 50 share that is rated highly is telco giant Telstra.

For some time, this telco giant was going backwards with its earnings. However, thanks to the success of its T22 strategy, Telstra returned to underlying growth at long last in FY 2022. And with its new strategy aiming to deliver strong and sustainable earnings growth over the coming years, Telstra's outlook is arguably the best it has been in over a decade.

Morgans is positive on the company and believes that its shares are undervalued at the current level. Especially given its restructure, which aims to unlock value from its assets.

Morgans currently has an add rating and $4.60 price target on Telstra's shares.

Motley Fool contributor James Mickleboro has positions in CSL Ltd. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended CSL Ltd. The Motley Fool Australia has positions in and has recommended Telstra Corporation Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Blue Chip Shares

Person holding a blue chip.
Blue Chip Shares

2 ASX blue-chip shares I'd buy with $3,000 right now

These are large businesses with compelling futures.

Read more »

a man looks down at his phone with a look of happy surprise on his face as though he is thrilled with good news.
Blue Chip Shares

Why this could be one of the best blue chip ASX shares to buy right now

Morgans sees this blue chip as a best idea for investors right now.

Read more »

a man in a business suite throws his arms open wide above his head and raises his face with his mouth open in celebration in front of a background of an illuminated board tracking stock market movements.
Blue Chip Shares

Buy these ASX 200 blue chip shares for big returns

Analysts think these blue chips could be in the buy zone according to analysts.

Read more »

A couple are happy sitting on their yacht.
Opinions

Top ASX shares to buy instead of a term deposit in March 2024

You may have to weather the odd storm, but the long-term investment outlook looks fine!

Read more »

Happy woman looking for groceries. as she watches the Coles share price and Woolworths share price on her phone
Blue Chip Shares

Why Coles shares could be a best buy for blue chip investors

Bell Potter thinks Coles is the best supermarket to buy this month.

Read more »

Three excited business people cheer around a laptop in the office
Blue Chip Shares

2 powerful blue chip ASX 200 shares to buy for your portfolio

Analysts think these high-quality companies could give your portfolio a big boost.

Read more »

A little boy holds his fingers to his head posing as a bull.
Blue Chip Shares

Here are 2 high-quality ASX 200 blue chip shares that analysts are bullish on

These blue chips have been given a big thumbs up.

Read more »

Woman smiling with her hands behind her back on her couch, symbolising passive income.
Blue Chip Shares

This is the ASX blue-chip share I'd buy for dividend income

Here’s why I love this stock for payouts.

Read more »