Brokers name 3 ASX shares to buy today

Brokers are bullish on these ASX shares right now…

| More on:
Three different hands against a blue backdrop signal thumbs up, indicating share price rise on the ASX market

Image source: Getty Images

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

It has been another busy week for Australia's top brokers. This has led to the release of a large number of broker notes.

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:

Bigtincan Holdings Ltd (ASX: BTH)

According to a note out of Morgan Stanley, its analysts have retained their overweight rating and $1.50 price target on this sales enablement platform provider's shares. The broker notes that Bigtincan has hit the top end of its guidance with still a couple of weeks remaining in the financial year. It was pleased with this and believes that its strong finish to the year puts it in a good position to achieve the market's expectations in FY 2022. The Bigtincan share price is trading at $1.10 today.

Coles Group Ltd (ASX: COL)

Analysts at Morgans have retained their add rating but trimmed their price target on this supermarket operator's shares to $17.80. This follows the company's strategy update this week. While the broker has downgraded its earnings estimates to account for Coles' increased investment in its online business, distribution, and automation, it believes the investment will create long term benefits. In addition to this, it sees Coles as a winner from the normalisation of consumer behaviour. The Coles share price is fetching $16.46 this afternoon.

Sonic Healthcare Limited (ASX: SHL)

A note out of Credit Suisse reveals that its analysts have retained their outperform rating and $40.00 price target on this healthcare company's shares. This follows news that the company has acquired Canberra Imaging Group for an undisclosed amount. The deal will add ~$60 million of revenue and is expected to support its aim of developing its imaging division in Australia. Credit Suisse estimates that the deal will be ~1% accretive to earnings per share. The broker also believes it could help the company win more government contracts. The Sonic share price is trading at $38.09 currently.

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of and has recommended BIGTINCAN FPO. The Motley Fool Australia owns shares of and has recommended BIGTINCAN FPO and COLESGROUP DEF SET. The Motley Fool Australia has recommended Sonic Healthcare Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Broker Notes

a man in a business suite throws his arms open wide above his head and raises his face with his mouth open in celebration in front of a background of an illuminated board tracking stock market movements.
Broker Notes

Analysts say these ASX shares are top buys in June

Brokers are urging investors to buy these shares. Let's find out why.

Read more »

A man in trendy clothing sits on a bench in a shopping mall looking at his phone with interest and a surprised look on his face.
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 »

Woman and man calculating a dividend yield.
REITs

What price target does Macquarie have on Goodman Group shares?

Goodman Group posted an interesting set of numbers in Q3. Here's Macquarie's take.

Read more »

Miner looking at a tablet.
Broker Notes

Why Macquarie expects this ASX 200 copper stock to surge 36% in a year

Macquarie forecasts some hefty gains ahead for the ASX 200 copper miner. But why?

Read more »

two women celebrating good news on phone
Broker Notes

Top broker names 3 ASX All Ords stocks with between 30% and 77% upside

These 3 stocks offer compelling potential upside.

Read more »

Woman on her phone with diagrams of tech sector related elements linking with each other.
Broker Notes

A leading fund manager is buying these ASX 200 tech shares

Let's see why the fund manager has these shares in its focus portfolio.

Read more »

A young man wearing a black and white striped t-shirt looks surprised.
Broker Notes

Broker says these ASX 200 shares can rise 40% to 80%

Bell Potter sees scope for these shares to rocket from current levels.

Read more »

A man in his 30s holds his laptop and operates it with his other hand as he has a look of pleasant surprise on his face as though he is learning something new or finding hidden value in something on the screen.
Broker Notes

How this undervalued ASX All Ords share could rocket 80% in a year

A leading fund manager expects a big turnaround for this beaten-down ASX All Ords stock.

Read more »