I think it's interesting when an expert thinks a business is a buy. It could be very appealing to consider ASX shares that are widely liked by analysts.
If a number of brokers think a business is a buy, it could suggest that there's a clear opportunity for investors to take advantage of.
I'll highlight two stocks with some of the most buy ratings on the ASX.
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Qantas Airways Ltd (ASX: QAN)
Qantas is Australia's largest airline business with its Qantas, Jetstar, Qantas Freight, and loyalty businesses.
According to CMC Invest, there have been 10 analyst ratings on the business within the last three months. All 10 of those experts said the airline is a buy.
A price target indicates where analysts expect the share price to be 12 months from the investment call.
According to CMC Invest, the average price target among those 10 experts is $11.30, implying a possible 20% rise at the time of writing.
The business had a challenging FY26, with underlying profit before tax falling by $330 million to $2.06 billion and statutory profit after tax declining by $316 million to $1.29 billion. It noted a net impact of $420 million due to the Middle East, which was due to higher fuel costs.
Despite an increased cost of travel, Qantas said in August, in its FY26 result outlook commentary, that travel demand "remains resilient" as customers continue to prioritise travel.
International demand across Qantas and Jetstar remained strong, supported by customers redirecting travel away from the Middle East, while domestic demand is tracking broadly in line with the fourth quarter of FY26.
The business said it expects total unit revenue per available seat kilometre (TRASK) for both its domestic and international divisions to increase by between 8% and 10% during FY27. This implies higher airfares to offset the higher cost of fuel.
The ASX share is also steadily renewing its fleet of planes. While that comes at a high capital cost, it does mean better operating costs with better fuel efficiency.
According to the earnings projection on CMC Invest, the Qantas share price is valued at around 8 times FY28's estimated earnings, which looks very cheap and a buy to me considering it traded at an average price-earnings (P/E) ratio of more than 11 during FY26. If it returns to a P/E ratio of 11 by FY28, it could generate a return of more than 30%.
Aussie Broadband Ltd (ASX: ABB)
Another ASX share with strong analyst backing is Aussie Broadband, one of Australia's larger providers of fixed home and business internet connections.
According to CMC Invest, there have been eight ratings on the company in the last three months. Seven of those analyst ratings were a buy rating, and one was a hold. The average price target from those eight analysts was $5.65, implying a possible 29% rise over the next year.
The business held its annual general meeting (AGM) on 23 October 2026 and noted some promising numbers. Revenue rose by 9.2% in FY26, while underlying net profit soared by 25.8%.
It noted that, to date in FY27, it has experienced continued customer momentum, with more than 193,000 broadband connections from organic growth and customer migrations.
Aussie Broadband said that total organic growth, excluding AGL, More, and Tangerine, was 18,800, with residential organic growth of 11,000 connections.
Underlying EBITDA (operating profit) guidance for FY27 was reconfirmed at the AGM, with underlying EBITDA guided to reach $205 million to $215 million. The mid-point of that guidance represents potential year-over-year growth of 27%, which is an impressive growth rate for a telco, and I'd buy it for the growth rate it's sustaining.
