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:
Chrysos Corporation Ltd (ASX: C79)
According to a note out of Bell Potter, its analysts have initiated coverage on this mining technology company's shares with a buy rating and $8.70 price target. The broker highlights that its disruptive proprietary PhotonAssay technology is becoming the new gold standard for assay sampling. The Chrysos share price is trading at $7.39 on Monday.
Computershare Ltd (ASX: CPU)
A note out of Goldman Sachs reveals that its analysts have initiated coverage on this administration services company's shares with a buy rating and $27 price target. This broker made the move on the belief that Computershare could outperform its guidance in FY 2024. It also notes that its balance sheet is strong and is expected to improve further. The Computershare share price is fetching $23.58 today.
IGO Ltd (ASX: IGO)
Analysts at Bell Potter have also put a buy rating and $11.30 price target on this battery materials miner's shares. The broker believes that IGO is oversold given the long-term earnings potential of its lithium assets, which it feels offers excellent leverage to the electrification thematic. In addition, Bell Potter suspects that the weakness in its share price this year could make it an acquisition target given the strategic position of the Greenbushes Lithium Mine as the lowest-cost producer. The IGO share price is trading at $8.51 this afternoon.
