Leading brokers name 3 ASX shares to buy today

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

| More on:
Happy man working on his laptop.

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

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:

Lotus Resources Ltd (ASX: LOT)

According to a note out of Macquarie, its analysts have retained their outperform rating on this uranium developer's shares with a trimmed price target of 40 cents. Macquarie notes that Lotus Resources is well-placed to restart its Kayelekera uranium mine in Malawi in the third quarter of 2025 following a $130 million capital raising late last year. The broker believes the company is fully funded through to the delivery of its first drum of uranium. After which, offtake agreements will kick in and revenue will start to be generated. As a result, the broker sees Lotus Resources as a good way to gain exposure to uranium. The Lotus Resources share price is trading at 24 cents this morning.

Reliance Worldwide Corporation Ltd (ASX: RWC)

A note out of Goldman Sachs reveals that its analysts have retained their buy rating on this plumbing products company's shares with an improved price target of $6.05. Goldman notes that mortgage rate volatility/increases are impacting housing activity, reducing momentum within the new construction market and pushing out large ticket R&R activity. The broker believes that Reliance's US exposure should be relatively resilient (given 75%-80% non-discretionary repair). And while it does see downside risk to Europe/Middle East consensus estimates due to deteriorating R&M indicators, it is already sitting below the consensus with its forecasts. In light of this and its attractive valuation, the broker remains positive and continues to recommend the company to clients. The Reliance Worldwide share price is fetching $5.35 on Monday.

Web Travel Group Ltd (ASX: WEB)

Analysts at Shaw and Partners have retained their buy rating on this hotel technology company's shares with an improved price target of $6.70. According to the note, the broker highlights that rival Hotelbeds is listing on the stock market in Europe. After comparing the two companies, Shaw and Partners notes that Web Travel's WebBeds business is growing at a quicker rate. And while it expects FY 2025 to be a subdued year due to revenue margin headwinds, the broker is forecasting very strong earnings growth in FY 2026. Outside this, the broker has previously suggested that Web Travel could become a takeover target due to its current depressed valuation. The Web Travel share price is trading at $4.70 on Monday.

Motley Fool contributor James Mickleboro has positions in Web Travel Group Limited. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs Group, Macquarie Group, and Reliance Worldwide. The Motley Fool Australia has positions in and has recommended Macquarie Group. 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 man sits at his desk wearing a business shirt and tie and has a hearty laugh at something on his mobile phone.
Broker Notes

5 ASX All Ords shares upgraded to 'strong buy' consensus ratings

Brokers upgraded their ratings on these ASX All Ords stocks last month.

Read more »

A couple cheers as they sit on their lounge looking at their laptop and reading about the rising Redbubble share price
Broker Notes

2 more of the best ASX 200 shares to buy in February

The broker is feeling very bullish about these shares. Let's see what it is saying.

Read more »

A man sits in casual clothes in front of a computer amid graphic images of data superimposed on the image, as though he is engaged in IT or hacking activities.
Technology Shares

2 ASX tech stocks to buy during an anticipated 15% to 20% sector pullback in 2025

Expert reveals 2 of his favourite tech stocks and at what prices we should buy them during a dip.

Read more »

Successful group of people applauding in a business meeting and looking very happy.
Broker Notes

Bell Potter names the best ASX 200 shares to buy in February

The broker believes these shares could generate big returns for investors.

Read more »

Investor sitting in front of multiple screens watching share prices
Broker Notes

Top brokers name 3 ASX shares to buy today

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

Read more »

A couple sits on a sofa, each clutching their heads in horror and disbelief, while looking at a laptop screen.
Broker Notes

5 ASX 200 stocks that could negatively surprise during earnings season

Warning bells are ringing for analysts at Goldman Sachs this earnings season.

Read more »

Excited couple celebrating success while looking at smartphone.
Broker Notes

Guess which ASX 200 stock Bell Potter just upgraded

Let's see why the broker is feeling bullish about this stock.

Read more »

A woman stands at her desk looking a her phone with a panoramic view of the harbour bridge in the windows behind her with work colleagues in the background.
Broker Notes

2 Australian stocks to buy with $5,000 after the market selloff

Analysts are tipping these shares to deliver big returns for investors.

Read more »