It has been another busy week for many of Australia's top brokers. This has led to the release of a number of broker notes.
Three broker buy ratings that you might want to know more about are summarised below. Here's why brokers think these ASX shares are in the buy zone right now:
Flight Centre Travel Group Ltd (ASX: FLT)
According to a note out of Macquarie, its analysts have retained their outperform rating on this travel agent's shares with a reduced price target of $15.20. This follows the release of a market update from Flight Centre that revealed that it has downgraded its earnings guidance range for FY 2025 to $285 million to $295 million (from $300 million to $335 million). While Macquarie was disappointed with the update, it highlights that broader travel activity is improving and is creating a better outlook into FY 2026. As a result, the broker appears to believe that investors should be snapping up Flight Centre's shares while they are down in the dumps. The Flight Centre share price is trading at $12.18 on Friday afternoon.
Life360 Inc (ASX: 360)
A note out of Citi reveals that its analysts have initiated coverage on this location technology company's shares with a buy rating and $46.20 price target. Citi is feeling very positive about Life360's outlook thanks to its evolution into a family safety ecosystem. It feels that this leaves it well positioned to reach its aspirational monthly active users target of 150 million+ by 2028. In fact, it thinks Life360 will surpass this target and grow its user base to over 160 million by this point. And thanks partly to its fledgling advertising business, Citi believes the company can surpass its US$1 billion revenue target as well. The Life360 share price is fetching $39.04 at the time of writing.
Pilbara Minerals Ltd (ASX: PLS)
Analysts at Bell Potter have retained their buy rating and $2.00 price target on this lithium miner's shares. According to the note, Pilbara Minerals delivered a second quarter result well ahead of expectations. It notes that its quarterly spodumene concentrate of 221kt was up 77% quarter on quarter and higher than Bell Potter's estimate of 200kt. In light of this, the broker remains positive on the company and highlights that it provides a clean exposure to global lithium fundamentals and sentiment. And with the broker believing that lithium prices will improve in the coming years, it thinks Pilbara Minerals is one to buy. The Pilbara Minerals share price is trading at $1.63 this afternoon.
