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:
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Altium Limited (ASX: ALU)
According to a note out of Morgan Stanley, its analysts have retained their overweight rating and $50 price target on this electronic design software company's shares. The broker is looking forward to Altium's investor day event this month and believes it could provide an update on its medium-term guidance. With the consensus estimate well short of its current target, management reiterating its guidance could give its shares a big boost. The Altium share price is trading at $40.78 today.
Macquarie Group Ltd (ASX: MQG)
A note out of Morgans reveals that its analysts have retained their add rating on this investment company's shares with a reduced price target of $182.80. Morgans acknowledges that Macquarie's half-year results were a touch on the soft side and that its earnings fell short of the market's expectations. Nevertheless, the broker sees value in its shares at the current level, particularly given its positive long-term outlook. The Macquarie share price is fetching $162.14 this afternoon.
Woodside Energy Group Ltd (ASX: WDS)
Analysts at Goldman Sachs have retained their buy rating and $38.30 price target on this energy giant's shares. The broker likes Woodside as it believes it offers Australia's highest exposure to spot LNG and oil pricing, which it expects to remain elevated due to structural underinvestment despite near-term demand uncertainty. The Woodside share price is trading at $33.81 on Monday.
