It was another busy week for Australia's top brokers. This led to the release of a large number of broker notes.
Three ASX 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:
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Goodman Group (ASX: GMG)
According to a note out of Citi, its analysts have retained their buy rating and $25.50 price target on this industrial property company's shares. This follows the release of the company's first-quarter update, which showed continued strong operational results. Looking ahead, Citi believes the company is well-positioned due to tight supply in the industrial property market and its large development pipeline. The Goodman share price is trading at $22.50 on Friday.
Life360 Inc (ASX: 360)
A note out of Bell Potter reveals that its analysts have retained their buy rating and $11.00 price target on this location technology company's shares. Bell Potter has upgraded its estimates for Life360 ahead of its quarterly update. It now expects global monthly active users of 58.4 million and annualised monthly revenue of US$260 million. The Bell Potter share price was fetching $7.96 at Friday's close.
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. According to the note, the broker believes Woodside offers Australia's highest exposure to spot LNG and oil pricing. This could be a good thing because Goldman expects prices to remain elevated due to structural underinvestment despite near-term demand uncertainty. The Woodside share price ended the week at $32.03.
