If you’re planning to make some investments in the near future, then you may want to look at the shares listed below.

These three shares have been tipped as buys by leading brokers. Here’s what they are saying about them:

Adore Beauty Group Limited (ASX: ABY)

Adore Beauty is a leading online retailer in the $11.2 billion Australian beauty and personal care (BPC) market. It has been growing strongly over the last few years thanks to its highly successful business model. The company’s integrated model combines online retail with education and entertainment, making its website a destination for consumers even when they’re not purchasing items. Though, plenty of consumers still visit its website to buy items! During the first quarter of FY 2022, Adore Beauty reported revenue of $63.8 million, up 25% on the prior corresponding period. This is still only a small slice of its addressable market.

UBS is positive on Adore Beauty. It currently has a buy rating and $6.00 price target.

Aristocrat Leisure Limited (ASX: ALL)

Aristocrat Leisure is a global gaming technology company with a growing portfolio of poker machines and digital games. The latter includes the hugely popular RAID franchise. In addition, Aristocrat Leisure is in the process of acquiring London-listed leading global online gambling software and content supplier, Playtech, for $5 billion. If this deal goes through, it is expected to be a major boost to its earnings.

Morgans is a fan of Aristocrat Leisure. It currently has an add rating and $52.50 price target on its shares.

Bapcor Ltd (ASX: BAP)

Bapcor is the Asia Pacific region’s leading provider of vehicle parts, accessories, equipment, service and solutions. Thanks to its strong market position, acquisitions, and the expansion of its store footprint, it has been growing at a solid rate in recent years. Positively, these trends continue, particularly for its expansion plans, with management highlighting a significant opportunity in Asia. And while the announcement of the retirement of its long-serving CEO has created some uncertainty, the selloff that ensued afterwards could be a buying opportunity for investors.

Citi is positive on Bapcor. It has a buy rating and $8.75 price target on its shares.

The post 3 top ASX shares named as buys appeared first on The Motley Fool Australia.

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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 recommended Adore Beauty Group Limited. The Motley Fool Australia has recommended Adore Beauty Group Limited and Bapcor. 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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There are a good number of shares for investors to choose from on the Australian share market.

Three that could be top options right now are listed below. Here’s why analysts think they are in the buy zone:

Elders Ltd (ASX: ELD)

Elders is one of Australia’s largest agribusiness companies. After going through a very tough time during the 2010s, things are now looking increasingly positive for the company. This has been driven largely by the success of Elders’ transformation plan and acquisitions. Pleasingly, Goldman Sachs is confident this positive form will continue. So much so, its analysts have a conviction buy rating and $15.65 price target on its shares. The broker likes Elders due to the rationalisation of the rural services industry, margin expansion through backward integration, its strong balance sheet and cash flow, and the benefits of its large scale systems modernisation project.

Healius Ltd (ASX: HLS)

Healius is one of Australia’s leading pathology and diagnostic imaging providers. Its healthcare network has been performing particularly positively over the last 18 months thanks to a robust performance from its core business and elevated demand for COVID-19 testing. The good news is that this has continued in FY 2022. For example, during the first quarter, Healius reported a 43.7% increase in group quarterly revenue to $689.9 million. And while its growth rate will inevitably slow once testing demand eases, the team at Macquarie still see a lot of value in its shares at the current level. The broker currently has an outperform rating and $5.65 price target on its shares.

ResMed Inc. (ASX: RMD)

ResMed is a medical device company with a focus on the sleep treatment market. Its masks and software help sufferers of afflictions such as sleep apnoea and COPD. These are huge markets, which provide ResMed with a long runway for growth over the next decade. Particularly given its industry leadership position and high level of investment in research and development. The latter is keeping its portfolio filled with world class products. Morgans is a fan of ResMed and has an add rating and $40.80 price target on its shares.

The post Analysts name 3 ASX shares to buy now appeared first on The Motley Fool Australia.

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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 no position in any of the stocks mentioned. The Motley Fool Australia has recommended Elders Limited and ResMed Inc. 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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The S&P/ASX 200 Index (ASX: XJO) is home to a large number of high quality companies. This can make it hard to decide which ones to buy ahead of others.

To help narrow things down, I have picked out two ASX 200 shares that brokers rate very highly. Here’s what they are saying about them:

Goodman Group (ASX: GMG)

The first ASX 200 share to look at is Goodman Group. It is a leading integrated commercial and industrial property company with operations across the world.

Goodman currently has $62 billion of total assets under management and over 1,600 customers globally. Among its portfolio are warehouses, data centres, large scale logistics facilities, and business and office parks. These properties are greatly in demand with end users due to being located in key gateway cities around the world. This has led to a sky high occupancy rate and robust earnings growth in recent years.

Morgan Stanley is a fan of Goodman. It was pleased with its strong start to FY 2022 and appears confident its positive form can continue. It has an overweight rating and $26.50 price target on Goodman’s shares.

South32 Ltd (ASX: S32)

Another ASX 200 share to consider is South32. This mining giant produces a wide range of commodities including alumina, aluminium, bauxite, energy and metallurgical coal, manganese, nickel, silver, lead, and zinc. It will also soon add copper to this with the acquisition of an interest in the Sierra Gorda copper mine in Chile.

Thanks to this diversity, and particularly its exposure to aluminium, South32 has been tipped to generate significant free cash flow in the coming years.

It is largely for this reason that Goldman Sachs currently has a conviction buy rating and a $4.40 price target on its shares. But it doesn’t stop there. The broker is also forecasting double-digit dividend yields through to at least FY 2026.

The post Why these ASX 200 shares could be strong buys appeared first on The Motley Fool Australia.

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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 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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There are some leading ASX growth shares that analysts currently rate as a buy.

These ideas are companies that are seeing their operations grow at an impressive double (or even triple) digit rate.

Not every company that’s growing is a worthwhile investment at today’s price, but these companies could be too good to ignore:

Airtasker Ltd (ASX: ART)

Airtasker is an online marketplace business that connects people that want to work with people who need work doing.

The business is currently rated as a buy by Morgans, with a price target of $1.27. That’s almost 30% higher than where it is today.

This ASX growth has a combination of a very high gross profit margin (more than 93% in FY21), rapid growth – revenue increased 38% in FY21 and positive operating cashflow ($5.5 million in FY21). Those three attributes means the business is scaling quickly, very profitably and it’s adding to the company’s cashflow positively.

Airtasker is aiming to scale new Airtasker marketplaces across the world and replicate the growth it has already achieved in Australia. The UK and USA are the next two target markets it’s expanding in.

The company also recently told investors at its AGM that it’s seeing “positive momentum” in its average task value and management expect this to continue into the medium-term and longer-term. Airtasker is also becoming more trusted by Australians – more people are turning to Airtasker for increasingly complex and therefore higher value tasks.

The ASX growth share is investing in marketing, creating new service categories and developing its re-booking model. The re-booking model is showing some “exciting results”.

Internationally, it’s targeting an annualised run rate of gross marketplace volume (GMV) of between $8 million to $10 million.

Temple & Webster Group Ltd (ASX: TPW)

The furniture and homewares ASX growth share is another business that is liked by analysts. Morgan Stanley rates it as a buy, with a price target of $16 – that’s around 50% higher than it is today.

In FY21, Temple & Webster achieved revenue growth of 85% to $326.3 million. The broker thinks that the business may be able to achieve $1 billion of revenue in four to five years thanks to its good and growing market share, as well as the tailwind of the shift to e-commerce by customers.

The ASX growth share is still seeing its revenue increase at a fast rate. For the period from 1 July 2021 to 27 August 2021, revenue had increased by another 49%.

Management said that the business is experiencing several strong tailwinds, including the ongoing adoption of online shopping due to structural and demographic shifts (and an acceleration of this due to COVID-19).

Temple & Webster is planning to drive down its profit margins for the medium-term by investing into growth areas of the business to grow its online market position so that the ASX growth share can become the largest retailer in Australia for furniture and homewares in Australia.

Not only is Temple & Webster growing its headline revenue and customer numbers, but its revenue per active customer is increasing – showing that customers are buying more often and spending more when they do. The revenue per active customer in FY21 rose 12% year on year.

The post 2 ASX growth shares to buy this month: analysts appeared first on The Motley Fool Australia.

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Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Temple & Webster Group Ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Airtasker Limited. The Motley Fool Australia has recommended Temple & Webster Group Ltd. 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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