Got $7,000 to invest and wondering where to put it?
While the broader market has taken a hit recently, that only makes this an even more compelling time to go shopping for quality Australian stocks at more reasonable valuations.
If you're looking for a blend of defensive earnings, global exposure, and long-term growth potential, here are three top ASX stocks that could be worthy of your investment dollars today.
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Endeavour Group Ltd (ASX: EDV)
When market conditions get choppy, it pays to have some defensive firepower in your portfolio — and Endeavour Group fits the bill.
As Australia's largest liquor retailer and the owner of a vast hotel network (through the ALH Group), Endeavour offers a steady stream of cash flow, supported by everyday consumer spending. Brands like Dan Murphy's and BWS have become staples of the retail liquor landscape, giving the company strong pricing power and a loyal customer base.
The team at Morgan Stanley is positive on Endeavour and has an overweight rating and $5.30 price target on its shares. This implies potential upside of 30% for investors from current levels.
Treasury Wine Estates Ltd (ASX: TWE)
For something a little more premium — both in product and in growth outlook — look no further than Treasury Wine Estates. It is the name behind global wine powerhouse Penfolds, as well as a portfolio of popular wines.
This Australian stock has had its share of volatility over the years, but things are starting to look up. The long-awaited removal of tariffs on Australian wine exports to China opens the door to a significant recovery in one of its most lucrative markets. At the same time, the company continues to expand its luxury wine footprint in the United States, with recent acquisitions like Frank Family Vineyards and DAOU boosting its premium positioning.
Goldman Sachs is very positive on its outlook. It has a buy rating and $12.90 price target on its shares. This suggests that upside of 46% is possible for investors over the next 12 months.
Web Travel Group Ltd (ASX: WEB)
Finally, Web Travel Group could be an Australian stock to buy now with the $7,000. It is a pure-play B2B travel platform, with its WebBeds business providing a global hotel distribution marketplace.
WebBeds connects accommodation providers with travel sellers (like online travel agents and tour operators), offering a scalable, tech-driven solution in a fast-growing space.
The team at UBS is feeling positive about the company's outlook and is forecasting strong earnings growth in the coming years.
As a result, the broker recently put a buy rating and $6.15 price target on its shares. This implies potential upside of 50% for investors.
