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:
Fortescue Ltd (ASX: FMG)
According to a note out of Ord Minnett, its analysts have retained their buy rating and $21.10 price target on this mining giant's shares. This follows the release of a second quarter update that impressed the broker. It notes that Fortescue's record production and shipments were in line with expectations despite the negative impact of wet weather. Ord Minnett was also pleased to see the company's costs heading towards the lower end of its guidance range. All in all, the broker has seen enough in this update to remain bullish and recommend the miner to clients. The Fortescue share price is trading at $19.00 on Monday afternoon.
Goodman Group (ASX: GMG)
A note out of Citi reveals that its analysts have retained their buy rating and $40.00 price target on this industrial property company's shares. Citi notes that Goodman is betting big on data centres globally as artificial intelligence and cloud computing booms. And news that China's DeepSeek has trained a sophisticated AI model at a fraction of the cost of its Silicon Valley rivals has rattled investors. However, the broker isn't concerned. In fact, it feels that DeepSeek will most likely drive further demand for data centres globally with advanced computational capabilities, high capacity storage, robust networking, energy efficient designs, and infrastructure. As a result, it believes that Goodman is well positioned to benefit from this megatrend. The Goodman share price is fetching $35.06 at the time of writing.
Life360 Inc (ASX: 360)
Analysts at Bell Potter have retained their buy rating on this location technology company's shares with an improved price target of $27.75. According to the note, Life360 remains a key pick for the broker. This is based on its expectation for a robust FY 2024 result with some chance of a guidance beat and strong FY 2025 guidance of revenue growth greater than 20% and positive statutory EBITDA. In addition, it highlights that there's a high probability that Life360 will be added to the S&P/ASX 100 index when the next rebalance occurs in early March. The Life360 share price is trading at $24.14 this afternoon.
