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:
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AMP Ltd (ASX: AMP)
According to a note out of Citi, its analysts have retained their buy rating on this financial services company's shares with an improved price target of $1.65. The broker has been looking into AMP's new digital only bank offering and is positive on its outlook. In fact, it appears to see it as the key to improving the returns from its struggling banking business. Outside this, the broker has boosted its earnings for AMP to reflect mark to market changes. The AMP share price is trading at $1.48 on Monday afternoon.
Champion Iron Ltd (ASX: CIA)
A note out of Bell Potter reveals that its analysts have retained their buy rating on this iron ore miner's shares with a trimmed price target of $5.40. Bell Potter is expecting a reasonably solid quarterly update from Champion Iron later this month. It is forecasting production of 3.5Mt and sales of 3.7Mt. This will be up from 3.2Mt and 3.5Mt, respectively, over the previous quarter. In addition, the broker highlights that FY 2026 will be a transition year for the company. It believes its shift into higher grade production from 2026 will support improved prices and earnings amid an iron ore price environment generally expected to weaken. It also expects its free cash flow to improve from 2026 with major capital programs completed. This should be supportive of generous dividends for the foreseeable future. The Champion Iron share price is fetching $4.63 at the time of writing.
Tyro Payments Ltd (ASX: TYR)
Analysts at Morgans have retained their buy rating on this payments company's shares with a trimmed price target of $1.55. According to the note, the broker has been busy updating its earnings estimates in the financial sector after marking to market recent movements. It is expecting a solid result for Tyro Payments in FY 2025. The broker is forecasting an increase in EBITDA to $66 million for the year. In light of this, Morgans thinks that its shares are being undervalued by the market at just 6 times EV/EBITDA. As a result, it sees a favourable risk/reward on offer for investors at present. The Tyro Payments share price is trading at 92 cents today.
