With so many shares to choose from on the Australian share market, 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:
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A2 Milk Company Ltd (ASX: A2M)
According to a note out of Citi, its analysts have retained their buy rating on this infant formula company's shares with an improved price target of $7.15. This follows the release of a strong update from A2 Milk at last week's annual general meeting. Citi was pleased with the company's performance and believes that its outlook remains very positive. Particularly given improving Chinese birth rates and market share gains. In addition, it highlights that it was positively surprised by the announcement of plans to start paying dividends in FY 2025. All in all, Citi has upgraded its revenue and earnings estimates for FY 2025 and pencilled in a dividend of approximately 15 cents per share. The A2 Milk share price is trading at $5.60 on Monday afternoon.
Lovisa Holdings Ltd (ASX: LOV)
A note out of Morgans reveals that its analysts have retained their add rating on this fashion jewellery retailer's shares with a slightly trimmed price target of $36.00. This follows the release of a trading update at the company's annual general meeting last week. While the broker acknowledges that Lovisa's store openings have been softer than it expected, it urges investors to be patient, noting that its growth is rarely linear. In addition, Morgans concedes that Lovisa is unlikely to achieve its store openings estimate for the year, but that doesn't diminish the fact that it still sees the company as having the potential to be one of the biggest success stories in Australian retail. As a result, it believes that recent share price weakness has created a buying opportunity for investors. The Lovisa share price is fetching $27.94 at the time of writing.
WiseTech Global Ltd (ASX: WTC)
Analysts at Goldman Sachs have retained their buy rating and $138.00 price target on this logistics solutions company's shares. According to the note, the broker was a touch disappointed with WiseTech Global's guidance downgrade at its annual general meeting last week. This was caused by the delay of the launch of the new Container Transport Optimization platform. And while Goldman has updated its estimates to reflect the delayed product launch and also moderated its product attach assumptions, it still expects a meaningful acceleration in revenue growth in FY 2026. It is forecasting revenue growth of 21% this year and then 28% next year. As a result, it has held firm with its buy recommendation. The WiseTech Global share price is trading at $123.60 on Monday.
