With most brokers taking a break over the holiday period, research notes are few and far between right now.
But don't worry because listed below are three recent broker buy recommendations that still have plenty of upside potential.
Here's why brokers think these ASX shares are in the buy zone:
Bellevue Gold Ltd (ASX: BGL)
According to a note out of Bell Potter, its analysts initiated coverage on this gold miner's shares with a buy rating and $1.95 price target. Bell Potter rates the company highly due to the high-grade Bellevue Gold Project in Western Australia. The broker highlights that management has outlined plans to expand gold production at the project to ~250kozpa in FY 2028. The good news is that Bell Potter believes the company could achieve its growth ambitions. Particularly given that there is considerable additional exploration prospectivity in extensions to structures that host the current resource, and potentially, in repeat structures, deeper in the broader Bellevue Lode system. Bell Potter believes that success could underpin significant share price upside. The Bellevue Gold share price is trading at $1.12 on Monday morning.
Iluka Resources Limited (ASX: ILU)
A note out of Goldman Sachs revealed that its analysts retained their buy rating and $7.70 price target on this mineral sands producer's shares. This was in response to the release of an update on funding for its Eneabba Rare Earth refinery in Western Australia. Goldman Sachs was pleased with the additional $400 million of government funding for the project. It notes that this is a significant positive milestone for Iluka. Especially as it believes that the Eneabba Rare Earth refinery will be a strategic and highly valuable Western World critical mineral asset. It will also be only the fifth refinery of its kind outside of China. And despite all this, Goldman points out that the market is pricing in almost no value to the rare earth refinery nor the Wimmera rare earth project. The Iluka share price is fetching $5.05 on Monday.
WiseTech Global Ltd (ASX: WTC)
Another note out of Goldman Sachs revealed that its analysts retained their buy rating and $138.00 price target on this logistics solutions company's shares. This was in response to news that WiseTech Global has downgraded its guidance at its annual general meeting. It notes that 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 this delay, it still expects a meaningful acceleration in revenue growth in FY 2026. Goldman is forecasting revenue growth of 21% in FY 2025 and then 28% the year after. The WiseTech Global share price is trading at $120.66 on Monday.
