Top brokers name 3 ASX shares to buy today

Brokers are feeling bullish about these ASX shares…

| More on:
A broker caluculates a hold rating for an asx share price

Imahge 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

Many of Australia's top brokers have been busy adjusting their financial models 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:

A2 Milk Company Ltd (ASX: A2M)

According to a note out of Citi, its analysts have retained their buy rating and $7.20 price target on this infant formula company's shares. While the broker suspects that there could be more bad news looming, it also believes that any further share price weakness could potentially result in a takeover approach. Citi has also spoken positively recently about a2 Milk's inventory repositioning and the strength of the brand in China. The A2 Milk share price is fetching $5.97 this afternoon.

Baby Bunting Group Ltd (ASX: BBN)

A note out of Morgan Stanley reveals that its analysts have retained their overweight rating and $6.90 price target on this baby products retailer's shares. The broker believes that the recent weakness in the Baby Bunting share price is a buying opportunity. This is due to its leadership position in the category and strong demand from consumers for its offering despite the pandemic. It expects a solid update at next week's annual general meeting. The Baby Bunting share price is trading at $5.49 today.

Domino's Pizza Enterprises Ltd (ASX: DMP)

Another note out of Citi reveals that its analysts have retained their buy rating and $159.05 price target on this pizza chain operator's shares. According to the note, the broker has been speaking to industry participants in France and was pleased with what it heard. Overall, the broker believes the French market is a key one for the company and feels positive on its growth plans there. The Domino's share price is fetching $153.23 this afternoon.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended A2 Milk, Baby Bunting, and Dominos Pizza Enterprises 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 slumps crankily over his morning coffee as it pours with rain outside.
Broker Notes

Guess which popular ASX 200 stock Bell Potter just downgraded

Let's see what the broker is saying on this blue chip.

Read more »

A male sharemarket analyst sits at his desk looking intently at his laptop with two other monitors next to him showing stock price movements
Broker Notes

Leading brokers name 3 ASX shares to buy today

Here's why brokers believe that now could be the time to snap up these shares.

Read more »

Miner standing in a mine site with his arms crossed.
Broker Notes

Up 41% in 2025, does Macquarie think Lynas Rare Earths shares have peaked?

The company is up nearly 400% in 5 years.

Read more »

Three miners looking at a tablet.
Broker Notes

Macquarie tips 28% upside for this ASX All Ords mining stock

Let's see why the broker is bullish on this beaten down miner.

Read more »

a man looks down at his phone with a look of happy surprise on his face as though he is thrilled with good news.
Broker Notes

5 ASX 200 shares for smart investors to buy now

Brokers think these shares are smart buys. Let's find out what they are.

Read more »

Woman on a tablet waiting in for her flight in an airport and looking through a window.
Travel Shares

Up nearly 70% in a year, does JP Morgan think Qantas shares can go higher?

Qantas shares have been a home run for investors over both the short and long term.

Read more »

a man in a green and gold Australian athletic kit roars ecstatically with a wide open mouth while his hands are clenched and raised as a shower of gold confetti falls in the sky around him.
Broker Notes

5 Australian shares to buy with $5,000

Brokers are urging investors to snap up these shares right now.

Read more »

Broker Notes

Broker warns regulated electricity could threaten AGL shares 

What could the government review mean for utility stocks?

Read more »