Brokers name 3 ASX shares to buy now

Brokers are feeling very positive about these three shares and have put buy ratings on them.

| More on:
a man sits at his desk wearing a business shirt and tie and has a hearty laugh at something on his mobile phone.

Image source: Getty Images

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 you might want to know more about are summarised below. Here's why brokers think these ASX shares are in the buy zone:

Aristocrat Leisure Limited (ASX: ALL)

According to a note out of Morgans, its analysts have retained their add rating on this gaming technology company's shares with a slightly trimmed price target of $45.00. Morgans was pleased with the result, noting that its profits came in ahead of expectations despite a soft performance from its digital business. And while it suspects the latter could continue its soft performance for the next 12 months, Morgans remains bullish due to the positive outlook of Aristocrat's land-based operations. The Aristocrat share price is trading at $38.62 today.

Nufarm Ltd (ASX: NUF)

A note out of Bell Potter reveals that its analysts have retained their buy rating on this agricultural chemicals company's shares with an improved price target of $7.35. This follows the release of a half-year result that was ahead of expectations. Looking ahead, the broker believes Nufarm is well-placed to deliver on its medium term revenue goals. This is thanks partly to its opportunity in omega3. The Nufarm share price is fetching $5.80 on Friday.

Xero Limited (ASX: XRO)

Analysts at Goldman Sachs have retained their buy rating on this cloud accounting platform provider's shares with an improved price target of $130.00. Goldman Sachs was impressed with Xero's full-year results and expects more of the same in FY 2024. The broker also believes that Xero's expense ratio target of 75% is achievable based on its second half performance. The Xero share price is trading at $107.24 this afternoon.

Motley Fool contributor James Mickleboro has positions in Xero. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Xero. The Motley Fool Australia has positions in and has recommended Xero. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Broker Notes

Excited group of friends sitting on sofa watching sports on TV and celebrating.
Broker Notes

4 ASX 200 shares just upgraded for 2025 by top brokers

Leading brokers are forecasting strong performance in 2025 from these four ASX 200 companies.

Read more »

A young woman holds her hand to her mouth in surprise as she reads something on her laptop.
Broker Notes

This beaten down ASX 200 stock could rise 90%

Bell Potter thinks this stock could be dirt cheap after a recent selloff.

Read more »

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 stocks.

Read more »

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

Top brokers name 3 ASX shares to buy next week

Brokers gave buy ratings to these ASX shares last week. Why are they bullish?

Read more »

A bland looking man in a brown suit opens his jacket to reveal a red and gold superhero dollar symbol on his chest.
Broker Notes

These ASX 200 shares could rise 20% and 50% in 2025

Analysts are tipping these shares to beat the market this year. Let's see why.

Read more »

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

Brokers name 3 ASX shares to buy today

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

Read more »

A woman presenting company news to investors looks back at the camera and smiles.
Broker Notes

More of the best ASX stocks to buy in 2025 according to Bell Potter

Let's see why its analysts are so bullish on these stocks this year.

Read more »

A happy male investor turns around on his chair to look at a friend while a laptop runs on his desk showing share price movements
Broker Notes

Goldman Sachs says these ASX 200 shares are buys

Let's see what the broker is saying about these big names.

Read more »