It has been another busy week for many of Australia's top brokers. This has led to the release of a number of broker notes.
Three broker buy ratings that you might want to know more about are summarised below. Here's why brokers think these ASX shares are in the buy zone right now:
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Light & Wonder Inc (ASX: LNW)
According to a note out of Macquarie, its analysts have retained their outperform rating on this gaming technology company's shares with a trimmed price target of $205.00. Macquarie believes that Light & Wonder is well-positioned to continue its strong growth in 2026. However, it suspects that growth will be weighted to the second half of the year due to new product launches and easing cost pressures. In light of this and its current valuation, Light & Wonder is the broker's top pick in the industry right now. The Light & Wonder share price is trading at $123.87 on Friday.
Liontown Ltd (ASX: LTR)
A note out of UBS reveals that its analysts have retained their buy rating and $2.20 price target on this lithium miner's shares. The broker is feeling positive about the lithium industry and believes now is an attractive time for investors to consider a position. This is because UBS sees scope for another upcycle for lithium prices due to surging oil prices and supply disruptions caused by the war in the Middle East. It suspects that the impact this is having on the fuel market could lead to increased demand for electric vehicles. This would be good news for lithium demand and prices. In fact, the broker sees potential for the spodumene price to reach US$4,000 per tonne by the end of the year. The Liontown share price is fetching $1.65 at the time of writing.
Telstra Group Ltd (ASX: TLS)
Another note out of Macquarie reveals that its analysts have retained their outperform rating on this telco giant's shares with an improved price target of $5.64. This follows the announcement of mobile plan increases by Telstra this week. Macquarie believes that these price increases will support average revenue per user growth. And with its budget offering, Belong, also increasing prices, the broker sees only low risks of churn. Macquarie expects this to underpin fully franked dividends of 21 cents per share in FY 2026 and then 21.5 cents per share in FY 2027. The Telstra share price is trading at $5.30 on Friday.
