Top brokers name 3 ASX shares to buy next week

Brokers gave buy ratings to these ASX shares last week. Why are they bullish?

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It has been another busy week for Australia's top brokers. This has led to the release of a number of broker notes.

Three 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:


According to a note out of Macquarie, its analysts have retained their outperform rating and $330.00 price target on this biotechnology company's shares. Macquarie has been looking at the impact that the US dollar could have on CSL's financial performance. Although the broker suspects that it could act as a drag on its earnings in the immediate term, it believes it will give its earnings a boost from FY 2026. In the meantime, Macquarie continues to forecast CSL delivering double digit earnings growth over the next five years. This is thanks largely to the strength of its key plasma therapies business. In light of this, its analysts think that the company's shares are attractively price at current levels. The CSL share price ended the week at $299.75.

Guzman Y Gomez Ltd (ASX: GYG)

A note out of Morgans reveals that its analysts have initiated coverage on this Mexican food-focused quick service restaurant operator's shares with an add rating and $30.80 price target. Morgans is feeling upbeat about Guzman Y Gomez despite its sky high valuation. This is due to its strong long term growth potential and operating leverage. The broker believes that the company can achieve its aspirational target of 1,000 restaurants in Australia in the future. This is based on the assumption that it opens 30-40 restaurants each year. The Guzman Y Gomez share price was fetching $27.75 at Friday's close.

TechnologyOne Ltd (ASX: TNE)

Analysts at Goldman Sachs have reiterated their buy rating on this enterprise software provider's shares with an improved price target of $19.70. According to the note, the broker believes that the company has a significant long term opportunity in the UK market. Its analysts estimate that the opportunity could be three times larger than in Australia in key sectors. And with TechnologyOne only currently having minimal penetration, it notes that this creates a significant long-term growth runway. Especially given its confidence that TechnologyOne could displace the market leader in the education market. In light of this and with its valuation looking attractive, the broker believes that now is the time to snap up this tech stock. The TechnologyOne share price ended the week at $18.29.

Motley Fool contributor James Mickleboro has positions in CSL and Technology One. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended CSL, Goldman Sachs Group, Macquarie Group, and Technology One. The Motley Fool Australia has positions in and has recommended Macquarie Group. The Motley Fool Australia has recommended CSL and Technology One. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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