Top brokers name 3 ASX shares to buy today

Here's what brokers are recommending as buys this week.

| More on:
A young woman lifts her red glasses with one hand as she takes a closer look at news about interest rates rising and one expert's surprising recommendation as to which ASX shares to buy

Image source: Getty Images

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

Many of Australia's top brokers have been busy adjusting their financial models and recommendations again. This has led to the release of a number of broker notes this week.

Three ASX shares that brokers have named as buys this week are listed below. Here's why their analysts are feeling bullish on them right now:

Hub24 Ltd (ASX: HUB)

According to a note out of Bell Potter, its analysts have retained their buy rating on this investment platform provider's shares with an improved price target of $73.00. This follows the release of a first quarter update which revealed funds under administration (FUA) of $113 billion. This comprises Platform FUA of $91.6 billion and PARS FUA of $21.4 billion. Bell Potter notes that Hub24's fund flows were ahead of its forecasts. And with management providing a positive outlook on its business pipeline and its shares trading at a discount to industry peer Netwealth Group Ltd (ASX: NWL), the broker feels that investors should be investing in this rapidly growing company today. The Hub24 share price is trading at $66.34 today.

Seek Ltd (ASX: SEK)

A note out of Macquarie reveals that its analysts have retained their outperform rating on this job listings giant's shares with an improved price target of $28.00. This follows news that the company has tabled a $45 million non-binding offer for human resources and recruitment technology company Xref Ltd (ASX: XF1). Macquarie believes that this acquisition could be a good fit for Seek and allow it to charge higher prices for its offering. Particularly given its belief that adding the reference-checking technology to its platform could enhance the trust that Seek enjoys among customers. The Seek share price is fetching $24.84 on Wednesday.

Treasury Wine Estates Ltd (ASX: TWE)

Analysts at Goldman Sachs have retained their buy rating and $15.20 price target on this wine giant's shares. This follows the release of US wine sales data that wasn't overly favourable for Treasury Wine. It notes that available data showed that its recently acquired DAOU business saw sales drop 6% versus a 2% decline by the market. Nevertheless, Goldman believes that trading is in-line with expectations overall for Treasury Wine and remains comfortable with its current financial forecasts. In light of this, it believes the company's shares are significantly undervalued and big returns could be on the cards for investors. The Treasury Wine share price is trading at $11.69 at the time of writing.

Motley Fool contributor James Mickleboro has positions in Seek and Treasury Wine Estates. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs Group, Hub24, Macquarie Group, Netwealth Group, and Xref. The Motley Fool Australia has positions in and has recommended Macquarie Group and Netwealth Group. The Motley Fool Australia has recommended Hub24 and Treasury Wine Estates. 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

2 women looking at phone
Broker Notes

Top brokers name 3 ASX shares to buy next week

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

Read more »

an oil refinery worker checks her laptop computer in front of a backdrop of oil refinery infrastructure. The woman has a serious look on her face.
Broker Notes

Buy one, sell the other: Top broker rates 2 ASX 200 energy shares

The top broker outlines its case on Santos shares and one other ASX 200 energy stock.

Read more »

A happy couple drinking red wine in a vineyard as the Treasury Wine share price rises today
Broker Notes

Goldman Sachs reveals 3 ASX 200 shares to buy today

The top broker has buy ratings on a major miner, an investment company, and a wine stock.

Read more »

A man in his office leans back in his chair with his hands behind his head looking out his window at the city, sitting back and relaxed, confident in his ASX share investments for the long term.
Broker Notes

Brokers name 3 ASX shares to buy now

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

Read more »

A man holding a cup of coffee puts his thumb up and smiles while at laptop.
Broker Notes

Buy alert! Broker says this ASX 200 share can rise 30%+

Big returns could be on offer from this blue chip according to Bell Potter.

Read more »

Miner looking at a tablet.
Broker Notes

Up 43% in a month, is it too late to buy Paladin Energy shares?

Find out what the experts think of this ASX uranium share.

Read more »

Four business people wearing formal business suits and ties walk abreast on a wide paved surface with their long shadows falling on the ground ahead of them.
Broker Notes

4 ASX All Ords shares just upgraded by top brokers

Top brokers just upped their ratings for these four ASX All Ords shares.

Read more »

A female stockbroker reviews share price performance in her office with the city shown in the background through her windows
Broker Notes

Leading brokers name 3 ASX shares to buy today

Here's why brokers believe that now could be the time to snap up these stocks.

Read more »