With lots of ASX shares to choose from on the Australian 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 outlined below. Let's see why they are bullish on them.
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ANZ Group Holdings Ltd (ASX: ANZ)
According to a note out of Citi, its analysts have retained their buy rating and $39.25 price target on this banking giant's shares. The broker has been busy looking at the impact that artificial intelligence (AI) could have on the banking sector. The good news is that Citi believes ANZ could benefit from agentic AI. In fact, it estimates that the big four banks could see their profits increase by up to 5%. In light of this, the broker remains positive on ANZ and continues to see value in its shares at current levels. The ANZ share price last traded at $35.70.
Hub24 Ltd (ASX: HUB)
A note out of Bell Potter reveals that its analysts have retained their buy rating and $110.00 price target on this investment platform provider's shares. Bell Potter was pleased with Hub24's quarterly update, noting that it delivered a good result. It highlights that total net inflows were comparable to the prior corresponding period and no one-off large outflows were revealed. In addition, Bell Potter believes that the outlook commentary reinforces the structural growth story and the result leaves FY 2027 targets intact. The Hub24 share price was fetching $81.35 at yesterday's close.
Qantas Airways Ltd (ASX: QAN)
Analysts at Morgan Stanley have retained their overweight rating on this airline operator's shares with an improved price target of $12.50. According to the note, Morgan Stanley believes that Qantas' Project Sunrise could be the catalyst for a structural re-rating of its shares. It highlights that the project, its fleet renewal, and broader network initiatives should improve earnings resilience, support stronger international margins, and narrow Qantas' valuation discount to global peers. As a result, the broker thinks that now could be a good time to snap up shares. The Qantas share price last traded at $10.14.
