Many of Australia's leading brokers were busy this week updating their financial models and recommendations.
Let's look closer at ten ASX shares that received buy ratings from them. They are as follows:
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Bega Cheese Ltd (ASX: BGA)
Morgan Stanley is bullish on this diversified food company. This week, it initiated coverage on the Vegemite owner's shares with an overweight rating and $6.70 price target. The Bega Cheese share price ended the week at $5.39.
Catapult Sports Ltd (ASX: CAT)
Bell Potter was pleased with this sports technology company's FY 2026 results. In response, the broker retained its buy rating with an improved price target of $4.65. This compares to its latest share price of $3.57.
Evolution Mining Ltd (ASX: EVN)
UBS turned positive on this gold miner and upgraded its shares to a buy rating with an improved price target of $14.00. The Evolution Mining share price ended the week at $12.17.
Gentrack Group Ltd (ASX: GTK)
Bell Potter continues to see value in this software provider's shares. This week, the broker retained its buy rating and $5.70 price target on its shares. This is notably higher than its current share price of $3.18.
Goodman Group (ASX: GMG)
Morgan Stanley put an overweight rating and $36.15 price target on this industrial property company's shares. This compares to its current share price of $30.28. The broker is feeling positive about Goodman ahead of its quarterly update next week.
Megaport Ltd (ASX: MP1)
Morgans remains positive on this network-as-a-service provider following the announcement of another big contract win for its Latitude business. It has put a buy rating and $15.50 price target on its shares. The Megaport share price ended the week at $13.05.
Qualitas Ltd (ASX: QAL)
The team at Morgans upgraded this real estate investment company's shares to a buy rating this week with a $3.50 price target. This implies potential upside of 20% from its current share price of $2.92.
Regis Resources Ltd (ASX: RRL)
Macquarie is positive on this gold miner's merger plans. After looking at the proposal, the broker has retained its outperform rating and $9.50 price target on Regis Resources' shares. This compares to its current share price of $6.35.
Santos Ltd (ASX: STO)
Citi is bullish on this energy producer and has put a buy rating and $9.00 price target on its shares. The Santos share price ended the week at $8.24.
Temple & Webster Group Ltd (ASX: TPW)
Over at Morgan Stanley, its analysts have also put an overweight rating and reduced price target of $8.00 on this online furniture retailer's shares. This is notably higher than its current share price of $5.04.
