Many of Australia's top brokers have been busy adjusting their financial models and recommendations again. This has led to a number of broker notes being released 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
Hub24 Ltd (ASX: HUB)
According to a note out of Bell Potter, its analysts have retained their buy rating on this investment platform provider's shares with a trimmed price target of $110.00. This follows the release of Hub24's quarterly update, which revealed net inflows ahead of the broker's expectations but below consensus estimates. Overall, the broker was pleased and highlights that the quantum of net inflows remains on an upwards trajectory. In addition, the broker points out that Hub24 issued positive language for momentum and highlighted the strong growth in retail net inflows. And while Bell Potter has trimmed its estimates slightly, it still expects earnings per share growth of 33% in FY 2026 and 21% in FY 2027. The Hub24 share price is trading at $86.45 this afternoon.
NextDC Ltd (ASX: NXT)
A note out of Morgan Stanley reveals that its analysts have retained their overweight rating on this data centre operator's shares with a slightly reduced price target of $18.00. This follows the announcement of a major capital raising to support accelerated construction plans. Morgan Stanley highlights that NextDC has won its largest-ever single contract with a 250MW customer for the S4 data centre in Sydney. While NextDC shares trade at a premium to US peers, the broker believes this is justified given its significantly stronger growth outlook. The NextDC share price is fetching $14.46 at the time of writing.
WiseTech Global Ltd (ASX: WTC)
Another note out of Bell Potter reveals that its analysts have retained their buy rating on this logistics solutions technology company's shares with a trimmed price target of $78.75. Bell Potter highlights that WiseTech shares are currently trading at a 30% discount to TechnologyOne Ltd (ASX: TNE) on an EV/EBITDA basis in both FY 2026 and FY 2027. And while it believes some sort of discount is now warranted, it thinks the current discount is excessive. This is especially the case given WiseTech has greater forecast earnings growth over the medium term and also a similar strong competitive moat due to 30 years of proprietary data, deeply embedded software and high switching costs. The WiseTech share price is trading at $45.53 on Wednesday.
