Many of Australia's top brokers have been busy adjusting their financial models and recommendations again. This has led to the release of a number of broker notes this week.
Three ASX shares that brokers have named as buys this week are listed below. Here's why their analysts are feeling bullish on them right now:
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Chrysos Corporation Ltd (ASX: C79)
According to a note out of Bell Potter, its analysts have upgraded this mining technology company's shares to a buy rating with an improved price target of $9.40. This follows the release of a trading update at its annual general meeting. Bell Potter notes that Chrysos has started FY 2026 strongly, with revenue up 54% year to date. This is ahead of the broker's estimates. The good news is that it appears to believe that this trend can continue. It highlights that Chrysos' industry adoption has accelerated over the past 12 months with the signing of the master services agreement with Newmont and the broadening of relationships with commercial lab operators. In addition, the exploration upcycle should deliver further upside. So much so, it estimates that the company will comfortably outperform its EBITDA guidance this year. The Chrysos share price is trading at $8.04 this afternoon.
Lovisa Holdings Ltd (ASX: LOV)
A note out of Morgans reveals that its analysts have upgraded this fashion jewellery retailer's shares to a buy rating with a trimmed price target of $40.00. This follows the release of a trading update from Lovisa covering the first 20 weeks of FY 2026. Morgans notes that the company's sales and store growth have slowed over the past three months. However, it is still growing sales at 20%+, which is impressive given the challenging retail trading conditions. In light of this and the recent pullback in its share price, Morgans thinks that it is a great opportunity to buy a high quality retailer with a global store rollout opportunity. Especially given that its shares are trading back around their average 10-year forward earnings multiple and offering ~20% EPS compound annual growth over the next 3 years. The Lovisa share price is fetching $31.24 at the time of writing.
Web Travel Group Ltd (ASX: WEB)
Analysts at Macquarie have retained their outperform rating on this travel technology company's shares with a trimmed price target of $6.85. According to the note, the broker was pleased with the WebBeds owner's performance during the first half. It highlights that Web Travel delivered earnings that were in line with expectations. As a result of this strong performance, the broker is feeling increasingly confident that the company can achieve its FY 2027 growth targets. The Web Travel share price is trading at $4.60 on Wednesday.
