Brokers name 3 ASX shares to buy today

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

| More on:
Businessman working and using Digital Tablet new business project finance investment at coffee cafe.

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

It has been another busy week for many of Australia's top brokers. This has led to the release of a 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 right now:

Breville Group Ltd (ASX: BRG)

According to a note out of Goldman Sachs, its analysts have retained their buy rating and $34.20 price target on this appliance manufacturer's shares. This follows the release of an update at the company's annual general meeting this week. On the whole, Goldman notes that Breville is performing within FY 2025 planning parameters. And while Donald Trump's victory in the US election means there's a risk that increased tariffs will be put on Chinese made products, the broker isn't overly concerned. It does not see coffee makers as highly price sensitive products, noting that Breville has proven price increases in the past without significant volume impact. In addition, other industry peers are likely to be facing similar pressures. The Breville share price is trading at $31.16 on Friday afternoon.

Smartgroup Corporation Ltd (ASX: SIQ)

A note out of Bell Potter reveals that its analysts have retained their buy rating on this salary packaging and fleet management company's shares with an improved price target of $10.00. The broker notes that the auto market is cooling, with lower prices being offered on novated leases. However, Bell Potter isn't concerned and believes recent share price weakness is unwarranted and does not reflect its positive earnings outlook. In light of this, the broker views Smartgroup as reasonable buying at the current levels. The Smartgroup share price is fetching $8.00 at the time of writing.

Xero Ltd (ASX: XRO)

Analysts at Macquarie have retained their outperform rating on this cloud accounting platform provider's shares with an improved price target of $188.50. The broker believes that Xero is delivering the goods with its profitable growth strategy. And while Xero is currently offering sign up discounts to new subscribers, it highlights that this makes little difference to long-term customer lifetime value. Outside this, it highlights that artificial intelligence could support margin expansion in the coming years and sees scope for earnings boosts from ongoing product enhancements and strategic acquisitions. The latter includes its recent deal to acquire cloud-based reporting, insights and analytics platform Syft. The Xero share price is trading at $157.52 on Friday.

Should you invest $1,000 in Lifestyle Communities Limited right now?

Before you buy Lifestyle Communities Limited 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 Lifestyle Communities Limited 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 30 April 2025

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 Goldman Sachs Group, Macquarie Group, and Xero. The Motley Fool Australia has positions in and has recommended Macquarie Group, Smartgroup, and 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

Man pointing at a blue rising share price graph.
Technology Shares

Up 30% in a month, this ASX 200 tech share is 'a compelling opportunity': expert

Analysts from listed investment company WAM Capital say this ASX 200 tech stock is worth watching.

Read more »

An executive in a suit smooths his hair and laughs as he looks at his laptop feeling surprised and delighted.
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 »

View of a mine site.
Broker Notes

How much upside does Macquarie tip for Deterra Royalties shares?

Deterra Royalties offers ASX investors a different way to invest in global mining.

Read more »

Woman with $50 notes in her hand thinking, symbolising dividends.
Broker Notes

Broker reveals outlook for ASX dividend shares amid volatile market

Peter Gardner from Plato Investment Management tells ASX investors where to look for dividend income this year.

Read more »

A man has a surprised and relieved expression on his face. as he raises his hands up to his face in response to the high fluctuations in the Galileo share price today
Broker Notes

Leading broker puts buy rating on Zip shares

Big returns could be on offer for investors according to its analysts.

Read more »

gaming asx share price rise represented by slot machine paying jackpot
Broker Notes

What does Macquarie expect from Aristocrat Leisure shares when it reports on 14 May?

Here's what the broker is expecting from this gaming technology company next week.

Read more »

Broker written in white with a man drawing a yellow underline.
Broker Notes

Top brokers name 3 ASX shares to buy today

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

Read more »

A man holding a cup of coffee puts his thumb up and smiles while at laptop.
Broker Notes

Goldman Sachs says these ASX 200 stocks are strong buys

The broker is feeling very bullish about these stocks. But why?

Read more »