With so many shares to choose from on the ASX, it can be hard 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 leading brokers have named as buys this week are listed below. Here's why they are bullish on them:
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BlueBet Holdings Ltd (ASX: BBT)
According to a note out of Ord Minnett, its analysts have initiated coverage on this sports betting company's shares with a buy rating and $2.08 price target. The broker believes that BlueBet is well-positioned for growth thanks to the shift online for sports betting and its expansion into the massive United States market. The BlueBet share price is trading at $1.90 on Monday afternoon.
Link Administration Holdings Ltd (ASX: LNK)
A note out of Morgans reveals that its analysts have upgraded this administration services company's shares to an add rating with a $5.53 price target. This follows a review of its ratings in the financials sector. The broker upgraded Link's shares on the belief that it is well-placed for earnings growth thanks to the global economic recovery. So much so, it believes FY 2021 is the bottom of the cycle for its earnings. In addition to this, it notes that its balance sheet is stronger following the PEXA IPO. The Link share price is fetching $4.79 today.
National Australia Bank Ltd (ASX: NAB)
Analysts at Credit Suisse have retained their outperform rating and $27.50 price target on this banking giant's shares. According to the note, the broker suspects that recent lockdowns may mean the big four banks postpone capital management plans. Nevertheless, the broker believes NAB and its peers are well-placed to accommodate a deterioration in asset quality. In light of this, it is sticking with its outperform rating. It is also forecasting dividends per share of $1.26 in FY 2021 and then $1.33 in FY 2022. The NAB share price is trading at $25.63 on Monday.
