Brokers name 3 ASX shares to buy today

Brokers have named CSL Limited (ASX:CSL) and these ASX shares as buys. Here's why they are tipping their shares to shoot higher from here…

| More on:

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

Australia's top brokers have been busy adjusting their estimates and recommendations again, leading to the release of a large number of broker notes this week.

Three broker buy ratings that have caught my eye are summarised below. Here's why brokers think these ASX shares are in the buy zone:

CSL Limited (ASX: CSL)

According to a note out of Citi, its analysts have retained their buy rating and $334.00 price target on this biotherapeutics company's shares. The broker has concerns over lower plasma collections because of the pandemic. However, it appears optimistic that this could be partly offset by increasing demand for flu vaccines during the next northern hemisphere flu season. I agree with Citi on CSL and think its recent share price weakness is a buying opportunity.

Westpac Banking Corp (ASX: WBC)

A note out of UBS reveals that its analysts have upgraded this banking giant's shares to a buy rating with a $20.50 price target. Although it acknowledges that trading conditions remain tough, the broker believes Westpac's outlook isn't as bleak as it looked just a few weeks ago. In addition to this, it believes a further deterioration in asset quality has reduced materially. I agree with UBS on Westpac and believe it and the rest of the big four are good options for investors right now.

Zip Co Ltd (ASX: Z1P)

Analysts at Morgans have retained their add rating and lifted the price target on this payments company's shares to $7.00. According to the note, the broker is pleased with its decision to acquire New York-based QuadPay. It sees it as a lower risk way to enter the lucrative U.S. retail market. And while it expects the U.S. business to be loss-making over the short term, it appears to believe it is worth overlooking this to focus on its significant long term potential in the key market. While it is a high risk option due to its lofty valuation, due to its recent pullback from its high, I think it could be worth a small investment with a long term view.

James Mickleboro owns shares of Westpac Banking. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of CSL Ltd. and ZIPCOLTD FPO. The Motley Fool Australia has no position in any of the stocks mentioned. 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

A man looking at his laptop and thinking.
Share Gainers

Here are the top 10 ASX 200 shares today

Investors finished the trading week on a sour note today.

Read more »

Happy teen friends jumping in front of a wall.
Share Gainers

4 ASX 200 stocks smashing the benchmark this week

Investors are sending these four ASX 200 stocks soaring this week. But why?

Read more »

A happy young couple lie on a wooden deck using a skateboard for a pillow.
Broker Notes

Bell Potter says this growing ASX 200 stock can rise over 40%

Big returns could be on the cards for buyers of this stock.

Read more »

Broker written in white with a man drawing a yellow underline.
Broker Notes

Brokers name 3 ASX shares to buy today

Here's why brokers are feeling bullish about these three shares this week.

Read more »

A couple makes silly chip moustache faces and take a selfie on their phone.
Share Market News

Which delivered superior returns in FY25: CSL, A2 Milk, or Telstra shares?

We review the share price growth and dividend income delivered to investors in FY25.

Read more »

Woman with an amazed expression has her hands and arms out with a laptop in front of her.
Share Gainers

Why IGO, Johns Lyng, Lynas, and Web Travel shares are pushing higher today

These shares are ending the week on a high. But why?

Read more »

Person with thumbs down and a red sad face poster covering the face.
Share Fallers

Why Imricor, Ora Banda, Ventia, and Vulcan shares are dropping today

These shares are ending the week in the red. But why?

Read more »

Man with rocket wings which have flames coming out of them.
Resources Shares

Up 23% today, why Macquarie forecasts this ASX 200 mining stock could rocket another 33%

Macquarie forecasts more outsized gains to come for this surging ASX 200 mining stock.

Read more »