Top brokers name 3 ASX shares to buy today

Afterpay Touch Group Ltd (ASX:APT) shares are one of three that brokers have named as buys this week…

| More on:
a woman

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Brokers across Australia have been as busy as ever adjusting their discounted cash flow models and recommendations to account for new data.

Three shares that have fared well and been given buy ratings are listed below. Here's why top brokers rate them as buys:

Afterpay Touch Group Ltd (ASX: APT)

According to a note out of Ord Minnett, it has retained its buy rating but cut the price target on Afterpay Touch's shares to $18.00. Following its strong start to life in the United States, the broker is further convinced about the global appeal of its Afterpay platform with retailers and consumers. In addition to this, the recent ASIC review into the industry is being seen as a positive for the company by the broker. While it certainly is a high-risk investment given the sky-high multiples its shares trade at, I agree that it could prove to be a good one if it makes a success of its U.S. expansion.

Metcash Limited (ASX: MTS)

A note out of Morgan Stanley reveals that it has retained its overweight rating but reduced its price target on this wholesale distributor's shares to $3.40 following the release of its half year results. While the broker was pleased that its trading performance has continued to improve, it did note that the quality of its earnings was low. However, the broker is optimistic that the easing of the supermarket price war and a turnaround in hardware could be value drivers in the future. While I do think Metcash's shares look cheap now after their sharp decline, I'm not a big fan of the company and believe investors can find better options elsewhere.

ResMed Inc. (ASX: RMD)

Analysts at Credit Suisse have retained their outperform rating and lifted the price target on ResMed's shares to $16.10 following the acquisition of Propeller Health for US$225 million. According to the note, the broker is pleased that acquisition provides a data platform for chronic obstructive pulmonary disease, which had been missing from its portfolio in the past. In addition to this, the broker expects the acquisition to widen its customer base. I agree with Credit Suisse on ResMed and think it would be a great investment option.

Should you invest $1,000 in Metcash Limited right now?

Before you buy Metcash Limited shares, consider this:

Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now... and Metcash Limited wasn't one of them.

The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

And right now, Scott thinks there are 5 stocks that may be better buys...

See The 5 Stocks *Returns as of 6 March 2025

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of AFTERPAY T FPO. The Motley Fool Australia has recommended ResMed Inc. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Share Market News

Businessman using a digital tablet with a graphical chart, symbolising the stock market.
Share Market News

Which ASX sectors led the pack in March, according to Macquarie?

It was a volatile month for ASX 200 shares...

Read more »

Silhouettes of nine people climbing a steep mountain to the top at sunset, and helping each other along the way.
Share Gainers

Here are the top 10 ASX 200 shares today

The ASX was rocked by 'Liberation Day' this Thursday.

Read more »

A mature age woman with a groovy short haircut and glasses, sits at her computer, pen in hand thinking about information she is seeing on the screen.
Superannuation

AustralianSuper sticks with US stocks despite recent turmoil

AustralianSuper’s head of international equities says they won't be shifting focus to Europe.

Read more »

Smiling man sits in front of a graph on computer while using his mobile phone.
Opinions

2 compelling ASX shares I'd buy now following the tariff stock market pain

These investments could make excellent buys in the current market sell-off.

Read more »

Child drinking milk out of a glass.
Share Gainers

Guess which ASX All Ords share just rocketed 12% in today's crashing market?

This ASX All Ords share is surging today despite the Trump tariff market turmoil. But why?

Read more »

Excited couple celebrating success while looking at smartphone.
Share Gainers

Why Astral, Newmont, Ramelius, and Synlait shares are defying the market selloff and rising

These shares are rising despite the market weakness today. But why?

Read more »

A man sits in despair at his computer with his hands either side of his head, staring into the screen with a pained and anguished look on his face, in a home office setting.
Share Fallers

Why ANZ, Breville, Cettire, and Treasury Wine shares are dropping today

These shares are having a tough time on Thursday. But why?

Read more »

A man sits in deep thought with a pen held to his lips as he ponders his computer screen with a laptop open next to him on his desk in a home office environment.
Share Market News

How are ASX 200 investors responding to the new Trump tariffs today?

Australia didn’t escape the new Trump tariffs. Here’s how ASX investors are repositioning today.

Read more »