With so many shares to choose from on the ASX, it can be hard to decide which ones to buy.
The good news is that brokers across the country are doing a lot of the hard work for you.
Three top shares that leading brokers have named as buys this week are listed below. Here’s why they are bullish on them:
Nuix Ltd (ASX: NXL)
According to a note out of Morgan Stanley, its analysts have initiated coverage on this investigative analytics and intelligence software provider’s shares with an overweight rating and $11.00 price target. The broker appears to be a big fan of Nuix and believes it is a long term structural growth story. And while it sees some risks from much larger competitors, it isn’t enough to dampen the broker’s bullish view. The Nuix share price is trading at $8.88 this afternoon.
Oil Search Ltd (ASX: OSH)
A note out of Ord Minnett reveals that its analysts have upgraded this energy producer’s shares to a buy rating with an improved price target of $4.58. According to the note, the broker has lifted its oil price forecasts for the coming years and its earnings estimates accordingly. This resulted in the price target upgrade and its rating change. Though, it is worth noting that Santos Ltd (ASX: STO) remains its top pick in the sector. The Oil Search share price is fetching $4.24 on Monday.
Sydney Airport Holdings Pty Ltd (ASX: SYD)
Analysts at Morgans have retained their add rating and lifted their price target on this airport operator’s shares to $6.95. According to the note, the broker is expecting Sydney Airport to benefit from COVID vaccine rollouts in 2021 and is forecasting a sustained recovery over the coming years. However, it is worth noting that the broker isn’t expecting any dividends from Sydney Airport until 2023. The Sydney Airport share price is trading at $6.25 on Monday.
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More reading
- The latest ASX “buy” recommendations from top brokers
- These were the best performing ASX 200 shares last week
- 5 things to watch on the ASX 200 on Friday
- These are the latest 2021 ASX “buy” ideas from top brokers
- ASX 200 up 1.55%: ANZ & Westpac surge higher, Afterpay & Xero tumble
Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.
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