Leading brokers name 3 ASX shares to buy today

Here's why brokers believe that now could be the time to snap up these shares.

| More on:
ASX shares Business man marking buy on board and underlining it

Image Source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Key points

  • Endeavour Group is upgraded to a buy due to expected strong performance bolstered by interest rate cuts, with potential surprises in FY 2026.
  • ResMed remains a buy as strong mask sales and cost savings lead to margin improvements and projected earnings growth.
  • Xero's shares are expected to perform strongly with projected subscriber growth, making it a continued buy with significant future potential.

With so many shares to choose from on the Australian share market, it can be difficult to decide which ones to buy. The good news is that brokers across the country are doing a lot of the hard work for you.

Three top ASX shares that leading brokers have named as buys this week are listed below. Here's why they are bullish on them:

Endeavour Group Ltd (ASX: EDV)

According to a note out of Bell Potter, its analysts have upgraded this drinks giant's shares to a buy rating with a trimmed price target of $4.30. This follows the release of trading update which revealed improving trends during the back end of the first quarter and the start of the second quarter. Looking ahead, Bell Potter believes that recent interest rate cuts and a softer comparable period means that its second quarter performance will be strong and then build positive momentum heading into the April/May strategy refresh. And with expectations in the broker community currently muted, the broker sees potential for a surprise to the upside in FY 2026. As a result, it thinks now could be a good time to snap up this beaten down ASX 200 stock. The Endeavour share price is trading at $3.61 on Monday afternoon.

ResMed Inc. (ASX: RMD)

A note out of Ord Minnett reveals that its analysts have retained their buy rating and $48.80 price target on this sleep treatment disorder company's shares. This follows the release of a first quarter update which impressed the broker. It notes that its mask sales were strong and its focus on cost savings resulted in gross margin improvements ahead of consensus estimates. In response to the update, the broker has increased its earnings per share estimates for FY 2026 and FY 2027 and expects earnings per share growth of 10% for both years. And given its growing cash balance, Ord Minnett highlights that ResMed has capital management optionality. The ResMed share price is fetching $37.85 at the time of writing.

Xero Ltd (ASX: XRO)

Analysts at UBS have retained their buy rating on this cloud accounting platform provider's shares with a trimmed price target of $203.00. According to the note, the broker is expecting a strong half year result from Xero later this month. It is expecting revenue of NZ$1.17 billion, underpinned by the addition of over 200,000 net subscribers and a higher net revenue per user. Looking ahead, UBS expects this strong form to continue, leading to almost 7 million subscribers by FY 2030. This compares to 4.4 million subscribers today. The Xero share price is trading at $146.91.

Motley Fool contributor James Mickleboro has positions in Endeavour Group, ResMed, and Xero. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended ResMed and Xero. The Motley Fool Australia has positions in and has recommended ResMed and Xero. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Broker Notes

Three happy office workers cheer as they read about good financial news on a laptop.
Broker Notes

Macquarie tips more than 20% upside for this ASX mining stock

Let's see why the broker is bullish on this stock.

Read more »

A man looking at his laptop and thinking.
Broker Notes

Buy, hold, sell: APA Group, Macquarie, and Rio Tinto shares

Are these shares buys, holds, or sells? Let's find out.

Read more »

Buy and sell on yellow paper with pins on them and several share price lines.
Broker Notes

Macquarie names 2 ASX All Ords stocks set to benefit and 1 likely to suffer following their upcoming AGMs

Macquarie expects very different market reactions following the upcoming AGMs for these ASX All Ords stocks.

Read more »

Broker written in white with a man drawing a yellow underline.
Broker Notes

Leading brokers name 3 ASX shares to buy today

Here's why brokers believe that now could be the time to snap up these shares.

Read more »

A woman scratches her head in dismay as she looks at chaotic scene at a data centre
Broker Notes

Macquarie tips almost 90% upside for Xero shares

Xero is executing well on its strategy and should deliver exceptional returns, Macquarie says.

Read more »

A young man goes over his finances and investment portfolio at home.
Broker Notes

Should you buy Domino's, Orica, and Xero shares?

Morgans has given its verdict on these popular stocks.

Read more »

Two male ASX 200 analysts stand in an office looking at various computer screens showing share prices.
Broker Notes

Leading broker names 1 ASX 200 share to buy and 1 to hold

Here's what the broker is saying about these shares.

Read more »

A businessman looking at his digital tablet or strategy planning in hotel conference lobby. He is happy at achieving financial goals.
Broker Notes

Top brokers name 3 ASX shares to buy next week

Brokers gave buy ratings to these ASX shares last week. Why are they bullish?

Read more »