3 ASX shares you can confidently invest $500 in right now

Analysts are saying good things about these high-quality companies.

| More on:
Man holding fifty Australian Dollar banknote in his hands, symbolising dividends, symbolising dividends.

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

If you're looking to make your first investment into ASX shares and have $500 to spend, then it could be worth considering the three listed below.

Not only are they buy-rated by analysts, but they are high-quality companies with strong business models and positive long-term outlooks.

Here's what you need to know to them:

CSL Ltd (ASX: CSL)

This biotechnology company could be a top ASX share to buy according to analysts at UBS. The broker has a buy rating and $330.00 price target on its shares.

Its analysts are predicting high-teen earnings growth from CSL over the coming years. This is thanks largely to the company's key plasma business and the strong demand for immunoglobulins.

REA Group Ltd (ASX: REA)

Another ASX share to consider for a $500 investment is REA Group. It is the company behind the dominant realestate.com.au website and several international equivalents.

Morgan Stanley was pleased with its half-year results and feels very positive about its outlook. As a result, it recently put an overweight rating and $210.00 price target on the property listings company's shares.

Woolworths Group Ltd (ASX: WOW)

Over at Goldman Sachs, its analysts think that Woolworths would be a great ASX share to buy right now.

So much so, the broker has the supermarket giant on its coveted conviction list with a buy rating and $40.40 price target.

Its analysts "believe the business has among the highest consumer stickiness and loyalty among peers, and hence has strong ability to drive market share gains via its omni-channel advantage, as well as its ability to pass through any cost inflation to protect its margins, beyond market expectations."

Motley Fool contributor James Mickleboro has positions in CSL. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended CSL, Goldman Sachs Group, and REA Group. The Motley Fool Australia has recommended CSL and REA Group. 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

Woman in celebratory fist move looking at phone
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 man clenches his fists in excitement as gold coins fall from the sky.
Broker Notes

These ASX 200 shares could rise 30% to 60% in 2025

Analysts are tipping these shares to rise strongly from current levels.

Read more »

Broker Notes

10 of the best ASX shares to buy in 2025

Analysts think these shares are in the buy zone for investors in 2025.

Read more »

Broker Notes

Top brokers name 3 ASX shares to buy today

Here's what brokers are recommending as buys right now.

Read more »

Broker Notes

Brokers say these ASX growth stocks are top buys

Analysts have good things to say about these shares this month.

Read more »

Hand holding Australian dollar (AUD) bills, symbolising ex dividend day. Passive income.
Broker Notes

Invest $1,000 into Pilbara Minerals and these ASX 200 stocks

Analysts have named these shares as top picks for a $1,000 investment. Let's see why.

Read more »

A female ASX investor looks through a magnifying glass that enlarges her eye and holds her hand to her face with her mouth open as if looking at something of great interest or surprise.
Broker Notes

3 of the best ASX 200 shares to buy in 2025

Let's see why analysts at Bell Potter are bullish on these shares next year.

Read more »

Contented looking man leans back in his chair at his desk and smiles.
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 »