Brokers name 3 ASX shares to buy now

Here's why brokers are feeling bullish about these three shares.

| More on:

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

With most brokers taking a well-earned break over the holiday period, broker notes are few and far between right now.

But don't worry, listed below are a few recent recommendations that remain very relevant today. Here's what brokers are saying about these ASX shares:

A man looking at ASX share price movements on his computer screen.

Image source: Getty Images

A2 Milk Company Ltd (ASX: A2M)

According to a note out of Citi, its analysts upgraded this infant formula company's shares to a buy rating with an improved price target of $4.81. This followed the release of an update at A2 Milk's annual general meeting. Citi was pleasantly surprised with the unexpected reiteration of its FY 2024 earnings guidance. It feels this and the reasonably positive commentary suggests that the second-half earnings skew may not be as significant as previously thought. The A2 Milk share price is trading at $4.10 today.

Boss Energy Ltd (ASX: BOE)

A note out of Macquarie reveals that its analysts retained their outperform rating and $5 price target on this uranium developer's shares. This was in response to news that Boss Energy has signed its maiden sales contract. Macquarie was pleased with the news and highlights that its first production is due very shortly, which means it won't be long until the company is able to take advantage of strong uranium prices. The Boss Energy share price is fetching $4.34 on Friday.

Newmont Corporation (ASX: NEM)

Another note out of Macquarie reveals that its analysts retained their outperform rating and $69 price target on this gold miner's shares. Macquarie came away from a site visit at the Boddington gold mine feeling very positive. The broker believes the mine has global significance and the potential for its mine life to be extended out as far away as the 2060s. The Newmont share price is trading at $59.74 this afternoon.

Citigroup is an advertising partner of The Ascent, a Motley Fool company. Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Macquarie Group. The Motley Fool Australia has positions in and has recommended Macquarie Group. The Motley Fool Australia has recommended A2 Milk. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Broker Notes

A smiling woman holds a Facebook like sign above her head.
Broker Notes

5 ASX shares scoring upgraded ratings this week

Experts have raised their ratings on JB Hi-Fi, Beach Energy, Amcor, and others this week.

Read more »

A man sitting at his dining table looks at his laptop and ponders the share price.
Broker Notes

Down 65%: Is this ASX 300 stock a cheap buy?

This stock has been sold off. Has this created a buying opportunity? Let's see what Bell Potter is saying.

Read more »

Three guys in shirts and ties give the thumbs down.
Broker Notes

5 ASX All Ords shares downgraded by brokers this week

Brokers have reduced their ratings on PLS Group, Fortescue, Webjet, and others this week.

Read more »

A man sits in contemplation on his sofa looking at his phone as though he has just heard some serious or interesting news.
Broker Notes

Does Ord Minnett rate Goodman shares as a buy, hold, or sell?

The broker has been looking at a big agreement signed this month.

Read more »

Red sell button on an Apple keyboard.
Broker Notes

Sell alert! Why this expert is calling time on Westpac shares

A leading analyst delivers his verdict on Westpac shares.

Read more »

A woman wearing a black and white striped t-shirt looks to the sky with her hand to her chin, contemplating buying ASX shares.
Broker Notes

Buy, hold, sell: Minerals 260, 4DMedical, Karoon Energy shares

Two experts share their latest ratings and opinions on three ASX shares.

Read more »

Two mining workers in orange high vis vests walk and talk at a mining site.
Resources Shares

Morgans tips 1 ASX mining share to rip — and 1 to avoid — in 2026

Morgans has revised its ratings on an ASX 200 lithium share and an ASX 200 gold stock.

Read more »

Woman and man calculating a dividend yield.
Broker Notes

What is Morgans saying about Stanmore Resources and Suncorp shares after results?

Are these shares a buy, hold, or sell?

Read more »