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:
Image source: Getty Images
Capstone Copper Corp (ASX: CSC)
According to a note out of Morgans, its analysts have retained their buy rating on this copper miner's shares with a trimmed price target of $16.00. This follows the release of a fourth quarter update which was a touch short of expectations, as well as soft production guidance for 2026. However, the broker isn't concerned by this. Instead, it is urging investors to focus on the medium term and believes strong production growth is still coming through to the end of the decade. As a result, it feels that the company's shares are undervalued at current levels based on its copper price forecasts. The Capstone Copper share price is trading at $13.05 this afternoon.
Life360 Inc (ASX: 360)
A note out of Bell Potter reveals that its analysts have retained their buy rating on this family safety technology company's shares with a trimmed price target of $40.00. This follows the release of FY 2025 results that were a touch ahead of forecasts. In addition, the broker was pleased with Life360's guidance for FY 2026, highlighting that it was in line with both the broker's and consensus estimates. In light of this and the significant share price weakness recently, Bell Potter appears to see now as an opportune time for investors to pick up this rapidly growing company's shares. The Life360 share price is fetching $20.54 at the time of writing.
Newmont Corporation (ASX: NEM)
Another note out of Morgans reveals that its analysts have upgraded this gold miner's shares to a buy rating with an improved price target of $214.00. With the spot gold price trading near record highs, it highlights that gold miners are generating significant cash, which is strengthening their balance sheets. And with the broker upgrading its gold price assumptions for the coming years, it sees potential for a further re-rating of gold miners like Newmont in the near term. The Newmont share price is trading at $172.60 on Wednesday afternoon.
