With so many shares to choose from on the ASX, it can be difficult 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 that leading brokers have named as buys this week are listed below. Here's why they are bullish on them:
IDP Education Ltd (ASX: IEL)
According to a note out of Goldman Sachs, its analysts have reiterated their buy and $29.65 price target on this language testing and student placement company's shares. Goldman has been looking at the impact of tensions between Canada and India, as well as changes to student visa regulations in Australia. The broker isn't concerned by either and continues to forecast very strong earnings growth through to FY 2026. The IDP Education share price is trading at $21.29 today.
Santos Ltd (ASX: STO)
A note out of Macquarie reveals that its analysts have retained their outperform rating on this energy producer's shares with a trimmed price target of $9.60. While the broker acknowledges that offshore energy developments are facing issues in Australia, it still feels the market is undervaluing Santos and ascribing no value to its Barossa operation. The Santos share price is fetching $7.63 on Monday.
Steadfast Group Ltd (ASX: SDF)
Analysts at UBS have retained their buy rating and $6.80 price target on this insurance brokerage company's shares. This follows news that the company has signed an agreement to acquire ISU Group for US$55 million. It is one of the largest privately owned independent insurance agency networks in the United States. The broker is supportive of this acquisition and sees it as a good way to enter a large and scalable market. The Steadfast share price is trading at $5.50 this afternoon.
