The Australian share market has a lot of options for investors to choose from.
So many it can hurt your brain trying to decide which ones to buy and which ones to avoid. Especially after a market selloff dragged all ASX shares sharply lower this month.
But two ASX shares that could be classed as no-brainer buys right now are listed below. Here's why leading brokers currently rate these shares highly:
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WiseTech Global Ltd (ASX: WTC)
The shares of this leading global provider of software solutions to the logistics services industry were already trading significantly lower before the market selloff.
This had been driven by concerns over the behaviour of its founder, which saw him step down as CEO and led to a boardroom fallout.
While the character of its founder may be questionable, there's no denying the quality of the business and its very bright long term growth outlook.
Goldman Sachs agrees with this view and believes it is well-placed to continue its strong form for some time to come. It said:
We are positive on WiseTech's strong competitive position which contributes to efficiency gains for LGFF's. Over the short-to-medium term we expect WiseTech's earnings profile to benefit from new product releases such as Container Transport Optimizer, as well as the company continuing to grow penetration of their core business.
We expect WiseTech will continue to focus on product development over the long-term, which should underpin margin expansion and earnings growth. Hence, with the risk/reward profile skewed to the upside we are Buy rated.
Goldman has a buy rating and $128.00 price target on its shares. This implies potential upside of 50% for investors from current levels.
Qantas Airways Ltd (ASX: QAN)
This airline operator could be another no-brainer ASX share to buy according to Goldman Sachs.
The broker believes that the Flying Kangaroo's recent full year results demonstrate that its earnings have been sustainably reset to a higher level compared to pre-COVID times. It believes this has justified the re-rating of its shares over the last 12 months. Goldman said:
QAN's share price has rallied ~100% over the last 12 months and it is up >15% since reporting its 1H25a results 27 Feb 2025. The result 1) reaffirmed earnings have been sustainably reset to a higher base; and 2) provided early indications / greater clarity associated with fleet renewal benefits, a key contributor to future growth and profitability.
Its analysts recently put a buy rating and $11.80 price target on Qantas' shares. This suggests that upside of 33% is possible for investors over the next 12 months.
