Top brokers name 3 ASX shares to buy today

Here's what brokers are recommending this week.

| More on:
A man sitting at his dining table looks at his laptop and ponders the CSL balance sheet and the value of CSL shares today

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

Many of Australia's top brokers have been busy adjusting their financial models again, leading to the release of a number of broker notes this week.

Three ASX shares brokers have named as buys this week are listed below. Here's why they are bullish on them:

Delta Lithium Ltd (ASX: DLI)

According to a note out of Bell Potter, its analysts have retained their speculative buy rating and $1.35 price target on this lithium developer's shares. This follows news that the company has appointed Mineral Resources Ltd (ASX: MIN) founder and CEO Chris Ellison as its new chair. Mineral Resources has also boosted its stake to 17.44%. Bell Potter was pleased with the news and feels it will help project development. In addition, the broker isn't ruling out a full takeover in the future. The Delta Lithium share price is trading at 77.2 cents today.

Premier Investments Limited (ASX: PMV)

A note out of Morgan Stanley reveals that its analysts have retained their overweight rating on this retail conglomerate's shares with an increased price target of $32.25. Morgan Stanley believes that the Smiggle and Peter Alexander owner could outperform the market's earnings expectations in FY 2024. The broker also supports the company's decision to undertake a strategic review. The Premier share price is fetching $25.30 on Wednesday.

Sims Ltd (ASX: SGM)

Analysts at Goldman Sachs have retained their buy rating on this scrap metal company's shares with a reduced price target of $15.70. Although Goldman was disappointed with Sims' market update and has downgraded its estimates to reflect the tough trading conditions, it retains its buy rating. This is due to its supportive valuation at 0.7 times net asset value and positive long-term industry trends. The Sims share price is trading at $13.79 this afternoon.

Should you invest $1,000 in Delta Lithium Ltd right now?

Before you buy Delta Lithium Ltd shares, consider this:

Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now... and Delta Lithium Ltd wasn't one of them.

The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

And right now, Scott thinks there are 5 stocks that may be better buys...

See The 5 Stocks *Returns as of 7 February 2025

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 positions in and has recommended Goldman Sachs Group. The Motley Fool Australia has recommended Premier Investments. 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

Successful group of people applauding in a business meeting and looking very happy.
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 »

Three guys in shirts and ties give the thumbs down.
Broker Notes

3 reasons to sell Guzman y Gomez shares right now

Goldman Sachs thinks now is the time to sell this fast-food stock.

Read more »

ASX shares Business man marking buy on board and underlining it
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 »

Smiling couple looking at a phone at a bargain opportunity.
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 female broker in a red jacket whispers in the ear of a man who has a surprised look on his face as she explains which two ASX 200 shares should do well in today's volatile climate
Broker Notes

Top brokers name 3 ASX shares to buy today

Here's what brokers are recommending as buys this week.

Read more »

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

These ASX 200 shares could rise 10% to 40%

Analysts are tipping these shares to deliver big returns over the next 12 months.

Read more »

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

Down 26%! Buy this ASX 200 stock while it's dirt cheap

Bell Potter thinks this blue chip has been oversold and is in the buy zone now.

Read more »

Rising share price chart.
Broker Notes

Morgans says these top ASX stocks could rise 15% to 20%

The broker thinks these shares could be heading higher from here.

Read more »