2 no-brainer ASX shares to buy after the market selloff

Analysts think these shares are worth putting in your portfolio without a second thought.

| More on:
Cropped view of senior man playing with puzzles.

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

The Australian share market has a lot of options for investors to choose from.

So many it can hurt your brain trying to decide which ones to buy and which ones to avoid. Especially after a market selloff dragged all ASX shares sharply lower this month.

But two ASX shares that could be classed as no-brainer buys right now are listed below. Here's why leading brokers currently rate these shares highly:

WiseTech Global Ltd (ASX: WTC)

The shares of this leading global provider of software solutions to the logistics services industry were already trading significantly lower before the market selloff.

This had been driven by concerns over the behaviour of its founder, which saw him step down as CEO and led to a boardroom fallout.

While the character of its founder may be questionable, there's no denying the quality of the business and its very bright long term growth outlook.

Goldman Sachs agrees with this view and believes it is well-placed to continue its strong form for some time to come. It said:

We are positive on WiseTech's strong competitive position which contributes to efficiency gains for LGFF's. Over the short-to-medium term we expect WiseTech's earnings profile to benefit from new product releases such as Container Transport Optimizer, as well as the company continuing to grow penetration of their core business.

We expect WiseTech will continue to focus on product development over the long-term, which should underpin margin expansion and earnings growth. Hence, with the risk/reward profile skewed to the upside we are Buy rated.

Goldman has a buy rating and $128.00 price target on its shares. This implies potential upside of 50% for investors from current levels.

Qantas Airways Ltd (ASX: QAN)

This airline operator could be another no-brainer ASX share to buy according to Goldman Sachs.

The broker believes that the Flying Kangaroo's recent full year results demonstrate that its earnings have been sustainably reset to a higher level compared to pre-COVID times. It believes this has justified the re-rating of its shares over the last 12 months. Goldman said:

QAN's share price has rallied ~100% over the last 12 months and it is up >15% since reporting its 1H25a results 27 Feb 2025. The result 1) reaffirmed earnings have been sustainably reset to a higher base; and 2) provided early indications / greater clarity associated with fleet renewal benefits, a key contributor to future growth and profitability.

Its analysts recently put a buy rating and $11.80 price target on Qantas' shares. This suggests that upside of 33% is possible for investors over the next 12 months.

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

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 tips 50%+ upside for IDP Education shares

The team at Macquarie thinks this beaten down stock could be a buy.

Read more »

Red buy button on an apple keyboard with a finger on it representing asx tech shares to buy today
Broker Notes

Top brokers name 3 ASX shares to buy today

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

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

Bell Potter names the best ASX 200 stocks to buy in June

The broker is feeling bullish on these names this month. Let's find out why.

Read more »

Man drawing an upward line on a bar graph symbolising a rising share price.
Broker Notes

Bell Potter says this ASX 200 share can rise 25%

Let's see what the broker is saying about this stock.

Read more »

Stethoscope with a piggy bank in the middle.
Broker Notes

Australian health insurance: Does Macquarie prefer Medibank or NIB shares?

Medibank and NIB shares have both surged in 2025. Here’s what Macquarie expects now.

Read more »

Man smiling at a laptop because of a rising share price.
Broker Notes

9 ASX 200 shares just upgraded to strong buy ratings

Brokers have upgraded these shares amid expectations of price growth over the next 12 months.

Read more »

Red sell button on an Apple keyboard.
Broker Notes

Sell alert! Brokers say pull the plug on these 3 ASX 200 shares

Experts say it's time to press the sell button on these ASX 200 shares. Find out why.

Read more »

Overjoyed man celebrating success with yes gesture after getting some good news on mobile.
Broker Notes

Macquarie forecasts 40% upside for this ASX All Ords stock

Let's see which stock the broker is tipping as a buy.

Read more »