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:
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CSL Ltd (ASX: CSL)
According to a note out of Goldman Sachs, its analysts have retained their buy rating and $325.40 price target on this biotechnology giant's shares. This follows news that Australian and UK regulators have approved the registration of its garadacimab therapy for routine prevention of recurrent hereditary angiodema (HAE) attacks. Goldman believes FDA an EU approvals will be coming in the near future, which will be a boost to its top line. It is forecasting CSL to generate a HAE revenue compound annual growth rate of 25% for FY25-FY28. This is expected to allow the company to win a 27% market share by the end of FY 2028. The CSL share price is trading at $276.56 this afternoon.
Eagers Automotive Ltd (ASX: APE)
A note out of Bell Potter reveals that its analysts have retained their buy rating on this auto retailer's shares with an improved price target of $13.65. Bell Potter notes that a number of peers have released updates that revealed that trading conditions deteriorated in the second half of the calendar year due to a drop in demand and an oversupply of new vehicles. However, the broker is confident that Eagers Automotive will still deliver a result ahead of expectations in February. It also suspects that consensus upgrades could be on the cards for 2025. In light of this, the broker sees value in its shares and is forecasting attractive dividend yields. The Eagers Automotive share price is fetching $12.80 at the time of writing.
NextDC Ltd (ASX: NXT)
Analysts at Citi have retained their buy rating and $20.00 price target on this data centre operator's shares. This follows news that Chinese startup DeepSeek has been able to match ChatGPT's artificial intelligence (AI) at a fraction of the cost and GPU power of existing technologies. This has sparked fears that data centres won't experience as much demand as previously forecast. However, Citi doesn't agree. In its view, 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. This bodes well for NextDC and its growing network of centres. The NextDC share price is trading at $14.75 on Wednesday.
