Looking for ASX shares to buy? Here are two analysts rate as buys

Iluka share price 3D white rocket and black arrows pointing upwards

Iluka share price 3D white rocket and black arrows pointing upwards

Are you looking for shares to buy next week when the market reopens? If you are, then you may want to consider the two listed below.

Here’s what you need to know about these ASX shares that have been rated as buys:

Breville Group Ltd (ASX: BRG)

The first ASX share that has been rated as a buy is leading appliance manufacturer, Breville.

As well as the eponymous Breville brand, the company has a growing portfolio of brands including Kambrook, Lelit, and Sage. Thanks to the popularity of these brands, its international expansion, and management’s relentless investment in research and development, Breville has been growing its sales and earnings at a solid rate for a decade.

The good news is that the team at Morgans believe Breville is well-placed to continue its growth in the coming years. It commented:

In our opinion, BRG deserves to trade at a premium multiple. It is positioned to deliver double-digit sales growth consistently over the next few years as it grows its market share, notably in geographies into which it has recently launched.

The broker currently has an add rating and $25.00 price target on its shares.

NextDC Ltd (ASX: NXT)

Another ASX share that has been named as a buy is NextDC. It is a data centre operator providing scalable, on-demand services to support outsourced data centre infrastructure and cloud connectivity for enterprises of all sizes.

Thanks to increasing demand driven by the structural shift to the cloud, it has been growing at a rapid rate for a number of years. Goldman Sachs expects this trend to continue and notes that it has a “compelling” growth profile. It commented:

Although acknowledging the ongoing rotation towards value may impact NXT shares, we believe the company has a compelling growth profile, a proven and profitable business model, and digital infrastructure characteristics that continue to attract significant strategic interest. Hence we re-iterate our Buy (on CL) for NXT.

Goldman Sachs currently has a conviction buy rating and $14.20 price target on its shares.

The post Looking for ASX shares to buy? Here are two analysts rate as buys appeared first on The Motley Fool Australia.

Our #1 Strategy for today’s inflation drenched markets

The ABC recently reported that inflation in the UK has hit an eye watering 40 year high.
Meanwhile the Reserve Bank believes that by the end of the year inflation in Australia will climb to levels not seen since 1990.
As prices surge we’ve uncovered 3 “inflation fighting” stocks we think could hand investors outsized returns as the market recalibrates.
And as Scott Phillips put it
“There’s one thing to avoid at all costs when inflation hits.
And that’s doing nothing.”
We reveal details on these three “inflation fighting” stocks here.

Learn More
*Returns as of July 1 2022

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);

More reading

Motley Fool contributor James Mickleboro has positions in NEXTDC Limited. 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 Scott Phillips.

from The Motley Fool Australia https://ift.tt/caN5lA2

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s