Summer is over and a new season has arrived, so what better time to look at making new additions to an investment portfolio.
Whether you're looking for high-growth tech companies, resilient consumer stocks, or strong long-term plays, the Australian share market offers plenty of opportunities.
Listed below are 10 excellent ASX shares that could be great buys this month according to brokers. They are as follows:
NextDC Ltd (ASX: NXT)
Data centres are the backbone of the digital economy, and NextDC is a leader in this space in the Asia Pacific region. As demand for cloud computing and artificial intelligence surges, NextDC's high-quality infrastructure puts it in a strong position to benefit.
Goldman Sachs is a big fan and has a buy rating and $17.10 price target on its shares.
WiseTech Global Ltd (ASX: WTC)
Logistics technology provider WiseTech Global has built an industry-leading software platform used by freight forwarders worldwide. With ongoing supply chain digitisation and WiseTech's consistent industry-leading offering, it appears well-placed for the future.
Macquarie currently has an outperform rating and $152.70 price target on the ASX share.
Xero Ltd (ASX: XRO)
Xero is a dominant player in the cloud-based accounting software market. Its strong recurring revenue model and international expansion could make it a high-quality stock for long-term investors. Especially with businesses increasingly shifting to digital solutions.
Goldman Sachs has a buy rating and $201.00 price target on its shares.
Woolworths Group Ltd (ASX: WOW)
Defensive ASX shares like Woolworths are great for stability during uncertain economic conditions. As the market leader in Australian supermarket industry, Woolworths benefits from consistent consumer demand, making it a solid choice for investors looking for reliable returns and dividends.
Goldman Sachs is also bullish on this name and has a buy rating and $36.10 price target on its shares.
Life360 Inc (ASX: 360)
Another ASX share to look at is Life360. It offers location tracking and safety features for families, and its user base continues to grow rapidly. With a successful push into subscription-based services and advertising, the company has been growing at a rapid rate.
Bell Potter expects this to continue. As a result, it has put a buy rating and $28.00 price target on its shares.
Goodman Group (ASX: GMG)
Goodman Group is a global industrial property giant, specialising in warehouses, data centres, and logistics facilities. With the continued growth of e-commerce, artificial intelligence, and supply chain evolution, Goodman's high-quality assets and development pipeline could make it an excellent long-term investment.
Citi has a buy rating and $40.00 price target on its shares.
Web Travel Group Ltd (ASX: WEB)
Web Travel is the travel technology company behind the growing WebBeds business. It is the second largest hotel bed wholesaler globally with <10% of the global hotel wholesale market.
Goldman Sachs is bullish on its long term growth and has a buy rating and $7.00 price target on its shares.
Lovisa Holdings Ltd (ASX: LOV)
Lovisa has been a standout performer in retail thanks to its successful global expansion. With a strong brand and growing store network, this fast-fashion jewellery retailer appears well-positioned for continued growth. This could make it an attractive pick for investors.
Morgans has an add rating and $35.00 price target on this ASX share.
Accent Group Ltd (ASX: AX1)
Accent Group owns popular footwear and lifestyle brands, including Platypus, Hype DC, and The Athlete's Foot. Its strong retail presence and growing e-commerce operations look set to support solid earnings and dividend growth in the coming years.
Bell Potter expects this to be the case and has put a buy rating and $2.60 price target on its shares.
Pro Medicus Ltd (ASX: PME)
Finally, Pro Medicus could be an ASX share to buy in March. It is a leader in medical imaging software, benefiting from the global shift to digital healthcare solutions. With huge contracts in the U.S. and other key markets and a significant sales pipeline, the company is well-placed for growth.
Bell Potter is bullish and has a buy rating and $330.00 price target on its shares.
