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:
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Catapult Sports Ltd (ASX: CAT)
According to a note out of Bell Potter, its analysts have retained their buy rating on this sports technology company's shares with a trimmed price target of $4.75. This follows the release of a trading update last week which revealed expectations for strong annual contract value (ACV) growth in FY 2026. Catapult is expecting ACV of US$133 million to US$134 million, which Bell Potter notes is ahead of its US$131 million estimate. It believes this is a big positive as it seen as the key leading indicator. Outside this, the broker notes that it has trimmed its valuation to reflect changes in its model to focus on earnings and cash flow. Nevertheless, it still implies significant upside from current levels. The Catapult share price is trading at $2.93 on Monday.
DroneShield Ltd (ASX: DRO)
Another note out of Bell Potter reveals that its analysts have retained their buy rating and $4.80 price target on this counter-drone technology company's shares. The broker has been looking at the counter-drone market and highlights that the war in the Middle East is accelerating demand for this technology. It points out that lessons learned in Ukraine are being repeated. This includes the fact that using up to US$4 million missiles to take down US$35k drones is unsustainable. Bell Potter expects there to be broad adoption of C-UAS technologies alongside advanced hypersonic defence capabilities to improve on this equation. This bodes well for DroneShield given its strong position in the market and high-quality product portfolio. The DroneShield share price is fetching $3.91 at the time of writing.
Xero Ltd (ASX: XRO)
Analysts at Citi have retained their buy rating and $144.80 price target on this cloud accounting platform provider's shares. According to the note, the broker believes that Xero's partnership with AI giant Anthropic is a positive. It highlights that the move aligns with management's strategy of leveraging AI assistants as a distribution and go-to-market channel. While there is a risk that AI assistants could evolve into primary platforms for small businesses, Citi believes that Xero's app ecosystem and go-to-market strength are competitive advantages. The Xero share price is trading at $68.44 this afternoon.
