Do you have room in your portfolio for some new additions?
If you do, then it could be worth considering the ASX shares named below that have been tipped as buys by analysts, courtesy of The Bull. Here's what the broker is saying about them:
Image source: Getty Images
Develop Global Ltd (ASX: DVP)
The team at MPC Markets thinks this mining and mining services company could be a buy this week.
It was very pleased with a recent update on the Sulphur Springs project and believes that recent share price weakness has created an attractive entry point. It said:
DVP is actively advancing its copper-zinc projects in the Pilbara region of Western Australia. An updated definitive feasibility study (DFS) at the Sulphur Springs project demonstrated a strong growth outlook, delivering a substantial uplift in value. The DFS results painted a bright outlook in response to low cash operating costs, robust margins and impressive returns based on an updated 1.5 million tonne per annum underground mine. The shares rose from $3.49 on September 11 to close at $4.57 on October 9. The shares have since retreated to trade at $4.095 on October 23, which we consider an appealing entry point.
Steadfast Group Ltd (ASX: SDF)
Over at Sequoia Wealth Management. Its analysts are positive on general insurance broker network operator Steadfast and have named its shares as a buy.
The wealth manager appears to see its expansion into the United States as a reason to be positive on the future. It explains:
Steadfast operates a large general insurance broker network. It has growing operations in Asia and Europe. It's also expanding into the United States. The ability to maximise returns on a US roll-out is key to SDF's long term value. The company delivered a strong result in fiscal year 2025. Underlying revenue of $1.825 billion was up 8.9 per cent on the prior corresponding period. Underlying net profit after tax of $295.5 million was up 17.2 per cent. The final fully franked dividend of 11.7 cents a share was up 14 per cent. The company has guided for underlying net profit after tax to range between $315 million and $325 million in fiscal year 2026. At current valuations, we retain our outperform recommendation.
Worley Ltd (ASX: WOR)
Analysts at Bell Potter have named this engineering and professional services company as an ASX share to buy this week.
The broker believes that Worley is well-positioned to benefit greatly on the global decarbonisation megatrends. It explains:
Worley is a global engineering and professional services company. Its exposure to the energy transition is appealing, so the business is well placed to capitalise on global decarbonisation. Margin uplift in professional services amid traction in hydrogen, carbon capture and circular economy contracts highlight operating leverage. The stock offers value considering its growth options amid a favourable macro tailwind from government and corporate net zero commitments.
