It was another busy week for 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:
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DigiCo Infrastructure REIT (ASX: DGT)
According to a note out of UBS, its analysts have retained their buy rating and $4.90 price target on this data centre operator's shares. UBS was pleased to see DigiCo Infrastructure announce new customer wins from a combination of hyperscale, neocloud, enterprise and government customers. It notes that these contracts will increase the company's Australian contracted capacity to 41MW by June 2026. This is 57% higher than its previous 2026 target of 26MW. UBS estimates that this suggests that the company is on target to achieve consensus earnings estimates for FY 2027. And while the broker has concerns about its EBITDA per MW potentially being lower than expected, it remains positive and sees a lot of value in its shares at current levels. The DigiCo share price ended the week at $3.03.
Guzman Y Gomez Ltd (ASX: GYG)
A note out of Morgans reveals that its analysts have retained their buy rating on this quick service restaurant operator with an improved price target of $32.60. The broker was pleased with Guzman Y Gomez's first quarter update, highlighting that it played out largely as expected. This includes comparable sales growth improving slightly through the quarter as it cycled through a period of elevated demand in the prior corresponding period. Looking ahead, Morgans believes that the first quarter will likely be the low point for comparable sales growth this year and that it will be onwards and upwards from here. As a result, it thinks that management's margin guidance for FY 2026 could prove to be conservative. The Guzman Y Gomez share price was fetching $25.69 at Friday's close.
Web Travel Group Ltd (ASX: WEB)
Analysts at Macquarie have retained their outperform rating on this travel technology company's shares with an improved price target of $6.98. According to the note, Web Travel's trading update last week was slightly ahead of expectations. As a result, it is becoming increasingly confident that the company will reach its FY 2030 total transaction value target of $10 billion. And with its underlying EBITDA margin visibility improving, Macquarie thinks its shares are cheap at current levels. Especially given that they are trading materially below their post-pandemic average multiples. The broker thinks this is unjustified and represents a buying opportunity for investors. The Web Travel share price ended the week at $4.46.
