There are a lot of ASX shares to choose from on the Australian market.
To narrow things down, let's take a look at three that Ord Minnett is bullish on right now.
Here's what it is recommending:
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Brazilian Rare Earths Ltd (ASX: BRE)
If you are looking for rare earths exposure, Ord Minnett thinks that Brazilian Rare Earths could be the way to do it. Though, only if you have a high tolerance for risk. The broker has put a speculative buy rating and $6.30 price target on its shares.
It believes the company is well-placed to monetise its rare earth discoveries and bauxite resources. It said:
Its shares have climbed 145% since 20 August but we expect there is much more to come as it progresses plans to monetise its rare earth discoveries and bauxite resources. Carester are the French REO experts also assisting Iluka Resources (ILU) with technical advice for its Eneabba refinery. Carester is also building the France–Japan Caremag refinery in France using feedstock of recycled magnets and rare earth oxide (REO) concentrates, which is due to start in late 2026. Brazil Rare Earths' provincial-scale tenements in Brazil include multiple rare earth deposits and 568 million tonnes(Mt) of bauxite, including 98Mt of direct shipping ore (DSO).
Siteminder Ltd (ASX: SDR)
Another ASX share that has caught the eye of Ord Minnett is travel technology company Siteminder. It has put a buy rating and $7.97 price target on its shares.
The broker feels that the market is seriously undervaluing its shares at current levels. It explains:
The SiteMinder investor day led Ord Minnett to reiterate its view that the current share price reflects a 'ground zero' view of the future. In other words, the market is attributing little or no value to the potential upside from the Channels Plus (C+) and Dynamic Revenue Plus (DRP) products. We consider this approach unwise given the weight of industry feedback we have received over the last 18 months.
Universal Store Holdings Ltd (ASX: UNI)
A third ASX share that has been given the thumbs up by its analysts is Universal Store. Ord Minnett has an accumulate rating and $9.60 price target on its shares.
It feels its shares are good value given its positive growth outlook. The broker said:
Ord Minnett cut its EPS forecasts for FY26–28 by 4–6% to reflect management's guidance that sales comparisons will become more challenging in the remainder of FY26, and that Universal will continue to reinvest in the business, prioritising long-term growth over short-term profits. The company's price-to-earnings ratio is in line with the average listed ASX retailer. With a $17 million net cash position, expected 10% per annum EPS growth over two years, and further market share opportunities as competitors exit, we retain a Accumulate rating on Universal. Our price target falls to $9.60 from $9.80 to reflect the EPS downgrades.
