Many of Australia's top brokers have been busy adjusting their financial models and recommendations again. This has led to the release of a number of broker notes this week.
Three ASX shares that brokers have named as buys this week are listed below. Here's why their analysts are feeling bullish on them right now:
Image source: Getty Images
Perpetual Ltd (ASX: PPT)
According to a note out of Bell Potter, its analysts have retained their buy rating and $22.80 price target on this asset management company's shares. Bell Potter was pleased with its quarterly update, highlighting that its funds under management (FUM) was ahead by 2.5% to $226.8 billion. This was underpinned by strong market moves. Looking ahead, the broker believes that Perpetual's outlook is positive, particularly given there are signs that cost controls are starting to bear fruit. All in all, the broker sees value in its shares at current levels and the potential for 6%+ dividend yields through to at least 2027. The Perpetual share price is trading at $20.66 on Wednesday afternoon.
Service Stream Ltd (ASX: SSM)
A note out of Macquarie reveals that its analysts have retained their outperform rating on this essential network services company's shares with an improved price target of $2.22. Macquarie is feeling bullish ahead of the release of its FY 2025 results next month. In fact, it suspects that Service Stream will deliver EBITDA a touch ahead of consensus expectations. Outside this, the broker feels that Service Streams' outlook remains positive thanks to its focus on driving growth and margin expansion in Utilities, where it has low market share. The Service Stream share price is fetching $1.96 at the time of writing.
WiseTech Global Ltd (ASX: WTC)
Another note out of Bell Potter reveals that its analysts have retained their buy rating on this logistics solutions company's shares with an improved price target of $135.00. Bell Potter is expecting WiseTech Global to deliver a result in line with its guidance next month. In addition, it believes there is limited risk of the company disappointing with its guidance for FY 2026. Outside this, the broker highlights that its shares deserve to trade on higher FY26 EV/EBITDA multiples and PE ratios than peers due to its superior growth outlook. The WiseTech Global share price is trading at $119.91 on Wednesday.
