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:
Austin Engineering Ltd (ASX: ANG)
According to a note out of Bell Potter, its analysts have retained their buy rating and 85 cents price target on this mining services provider's shares. The broker has reviewed its forecasts and valuation and notes that the company is trading within expectations in FY 2025. And with a strong order book and improving margins, being underpinned by cost and efficiency measures undertaken by management, the broker believes that Austin Engineering is well placed for growth. In fact, it is forecasting mid to high single digit revenue growth in both FY 2026 and FY 2027. Despite this, it highlights that its shares are trading at just over 7x forward earnings. Bell Potter believes this cheap price tag could make it an attractive takeover target in a fragmented global industry. The Austin Engineering share price is trading at 43 cents.
Northern Star Resources Ltd (ASX: NST)
Another note out of Bell Potter reveals that its analysts have upgraded this gold miner's shares to a buy rating with a $22.15 price target. The broker believes that Northern Star is an attractive investment option for a number of reasons. This includes its production growth to 2Mozpa in FY 2026, current capital expansion being strongly supported by record gold prices, and the potential acquisition of De Grey Mining Ltd (ASX: DEG). In respect to the latter, it notes that if successful, the acquisition would enhance Northern Star's portfolio, given the addition of long-life and low operating cost development project. The Northern Star share price is fetching $18.35 on Monday.
Qantas Airways Ltd (ASX: QAN)
Analysts at Goldman Sachs have retained their buy rating and $11.80 price target on this airline operator's shares. According to the note, the broker highlights that Qantas's shares have being impacted by renewed volatility in US airline stocks following recent updates. While there are demand concerns over the Pacific, the broker has been speaking to its US airline analyst, who pointed to industry discipline that should allow for a supply response to protect profits. In light of this, the broker remains positive on Qantas, particularly given how different the two markets are. In addition, it reminds investors that it expects Qantas' sustainably improved earnings capacity to provide a solid foundation for the next stage of growth from its fleet renewal program. The Qantas share price is trading at $9.10 today.
