Looking for some ASX All Ords shares to buy? Well, look no further because listed below are a couple that could be described as no-brainer buys.
Here's what analysts are saying about these buy-rated shares right now:
Accent Group Ltd (ASX: AX1)
This footwear retailer could be a no-brainer buy right now according to analysts at Bell Potter.
The broker believes that the owner of The Athlete's Foot, Platypus, Hype DC, and Stylerunner (to name just four) is well-placed for growth in the future. Particularly given the potential rollout of the Sports Direct banner in Australia.
Commenting on the ASX All Ords share, the broker said:
Despite a value consumer weighing on most consumer discretionary names including AX1 at present, we remain optimistic on interest rate cut related catalysts and remain constructive on AX1's scale & exposure in terms of channels, brands & size in addition to growing a vertical brand strategy (~8% on owned sales) and growth adjacencies within TAF & via exclusive partnerships with globally winning brands as Hoka.
We also view the strategic investment by FRAS in AX1 (~15%) and conclusion of negotiations expected in 2H to unlock the sizable store roll-out opportunity of FRAS's core Sports Direct banner in Australia.
Bell Potter has a buy rating and $2.60 price target on its shares. This implies potential upside of 19% for investors. It also expects a fully franked 6% dividend yield in FY 2025.
Readytech Holdings Ltd (ASX: RDY)
The team at Morgans thinks that Readytech could be an ASX All Ords share to buy.
It is a leading software as a service (SaaS) provider of mission critical software to the tertiary education, government, justice, and enterprise markets. The company highlights it creates technology that helps customers navigate complexity, while also delivering meaningful outcomes.
Compared to other tech stocks, Readytech gets very little love from investors. This is despite having a very positive growth outlook.
It is for this reason that Morgans believes its shares offer "compelling value" at present. The broker said:
Its products include student management, payroll and HR solutions, and enterprise resource planning (ERP) to local government and legal case management. RDY's recent organic growth trajectory demonstrates its ability to deliver our forecast 14.5% CAGR EBITDA growth over coming years. Despite this, the company is trading at a ~20% discount to its historic average EBITDA multiple of ~11x, which we believe represents compelling value.
Morgans has an add rating and $3.74 price target on its shares. This suggests that upside of 17% is possible for investors.
