It's rare to see an ASX share with numerous buy ratings, but when we see that happen, it could signify there's a clear opportunity there.
I'm going to highlight two businesses that are some of the most highly rated stocks on the ASX with multiple buys.
Of course, just because analysts like a company doesn't automatically mean it's going to produce strong returns. Let's get into it.
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Hub24 Ltd (ASX: HUB)
Hub24 offers clients the Hub24 platform, which offers advisers and their clients a large range of investment options, including managed portfolio solutions and enhanced transaction and reporting functionality for advisers and clients.
It also has wealth accounting software called Class, as well as being a provider of client portals for accountants and financial advisers called MyProsperity.
There are currently 13 ratings on the business, with 10 buy ratings. Of those 13 ratings, the average price target is $108.71, which tells us where analysts think the share price will be within a year. The price target suggests a possible rise of 23% from where it is at the time of writing.
The ASX share is growing at a very strong pace – in the FY26 half-year result, total revenue grew by 26% to $245.9 million, while underlying operating profit (EBITDA) grew 35% to $104.9 million and underlying net profit after tax (NPAT) rose 60% to $68.3 million.
Those numbers show strong scaling and revenue and even faster profit growth as margins improve.
The projection on CMC Markets suggests the business could generate $1.616 of earnings per share (EPS). That means it's now trading at 54x FY26's estimated earnings.
Sandfire Resources Ltd (ASX: SFR)
Sandfire is one of the largest copper miners on the ASX, with projects in Spain, Botswana, Australia and the US.
There have been 11 ratings on the business in the last three months, according to CMC Invest, with six of those being a buy. Of those ratings, the average price target is $18.92, which suggests a possible rise of 9% from where it is today.
But, the most optimistic price target is $21.24, which implies a possible rise of 22% within the next year, based on the share price at the time of writing.
The most recent update from the ASX share was its quarterly update for the three months to March 2026, which showed copper equivalent production of 34.5kt in the third quarter of FY26. For the nine months to 31 March 2026, copper production was 106.5kt.
It also had a cash balance of $76 million at 31 March 2026, with the $63 million increase from 31 December 2025 reflecting "strong underlying operating cash flow". In the FY26 half-year result, revenue grew 17% and net profit jumped 88%, showing the operating leverage of miners when revenue increases as a result of a higher copper price.
The projection on CMC Invests suggests its EPS could grow to $1.01 in FY26 and $1.64 in FY27. That means it's trading at 17x FY26's estimated earnings and under 11x FY27's estimated earnings.
With the long-term outlook for copper looking positive amid electrification, batteries and renewable energy, this ASX share could be one to watch.
