If you're looking for some ASX lithium shares to buy, then it could be worth checking out the five listed below.
Last week, they were all given the thumbs-up by brokers. Let's see what sort of returns could be on offer over the next 12 months:
Allkem Ltd (ASX: AKE)
Goldman Sachs thinks that this lithium giant could be a top option. Last week, it retained its buy rating on the ASX lithium share with a trimmed price target of $14.40. This implies a potential upside of approximately 42% for investors.
Global Lithium Resources Ltd (ASX: GL1)
Analysts at Shaw and Partners appear to believe that this ASX lithium share is extremely undervalued. A note from last week reveals that its analysts were impressed with its drilling results at the Manna Lithium Project. So much so, that they have retained their buy rating and lofty $3.20 price target. This suggests that its shares could rise over 150% from current levels.
Liontown Resources Ltd (ASX: LTR)
Also getting the thumbs up last week was lithium developer Liontown Resources. Bell Potter appears to believe that recent weakness has created a buying opportunity for investors with a high-risk tolerance. It has upgraded the company's shares to a speculative buy rating with a new price target of $2.75. This implies a potential upside of almost 63% over the next 12 months.
Mineral Resources Ltd (ASX: MIN)
The team at Macquarie has responded to Mineral Resources' quarterly update by retaining their outperform rating with a slightly trimmed price target of $83. This implies a potential upside of almost 38% for investors.
Pilbara Minerals Ltd (ASX: PLS)
Morgans remains positive on this ASX lithium share despite its disappointing quarterly update. In response to the release, the broker retained its add rating with a reduced price target of $5. This indicates a potential return of approximately 27% for investors from current levels.
