Do you have room in your portfolio for some new additions? If you do, then it could be worth listening to what Morgans is saying about the buy-rated ASX shares in this article.
Here's why the broker is feeling positive on these names:
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Airtasker Ltd (ASX: ART)
This small jobs platform provider could be an ASX share to buy according to the broker.
It was impressed with its performance in the fourth quarter and its achievement of positive free cash flow. It commented:
Airtasker's (ART) 4Q25 update was highlighted by strong momentum in both its core domestic platform and the newer marketplaces (UK/US). Indeed, the business achieved ~21% revenue growth in the quarter (+13% for the full year), whilst also meeting its guidance of being FCF positive for FY25.
The UK marketplace achieved TTM GMV of A$15m (~+75% on pcp), a key call-out of the update. We update our forecasts to factor in the recent trading update and post a ~6% reduction in our topline estimates for FY26/27 still assume a robust ~15% 3-year revenue CAGR. Our price target is unchanged given a valuation roll-forward and improved longer-term monetisation rate assumptions.
Morgans has a buy rating and 55 cents price target on its shares.
betr Entertainment Ltd (ASX: BBT)
Another small cap that gets the thumbs up from Morgans is sports betting company Betr.
Morgans highlights that the ASX share outperformed its expectations in FY 2025 with a strong result. The highlight was its strong net win margin. It explains:
BETR Entertainment (BBT) delivered a strong finish to the year, comfortably exceeding our expectations on both turnover and gross win. Notably, BBT maintained a net win margin above 10%, despite integrating the traditionally lower-margin TopSport customer base.
With product enhancements underway, we see scope for increased scale and incremental margin expansion heading into the higher-quality racing and sports finals season. We now forecast underlying NPAT of -$4.7m in FY25 and +$2.3m in FY26, reflecting slightly softer top-line growth and higher D&A linked to the amortisation of acquired intangibles (customer list).
Morgans has a buy rating and 38 cents price target on its shares.
Flight Centre Travel Group Ltd (ASX: FLT)
Finally, travel agent giant Flight Centre could be an ASX share to buy according to Morgans.
This is despite the company delivering a disappointing update last week which revealed a downgrade to its guidance.
Morgans thinks it is worth sticking with the company and believes a sharp rebound could happen when trading conditions improve. It said:
FLT has revised its FY25 NPBT guidance by a further 5-12% following a difficult 4Q25 (its key trading period). Given the 1H26 is likely to remain challenging and it will take time for FLT's internal business improvement initiatives to result in material P&L benefits, we have also made large revisions to our FY26 forecasts.
We forecast solid earnings growth to resume from the 2H26. We are buyers of FLT during this period of short-term uncertainty and share price weakness because when operating conditions ultimately improve, both its earnings and share price leverage to the upside will be material.
Morgans has a buy rating and $15.35 price target on its shares.
