Many of Australiaâs top brokers have been busy adjusting their financial models again, leading to the release of a large number of broker notes this week.
Three ASX shares brokers have named as buys this week are listed below. Hereâs why they are bullish on them:
Corporate Travel Management Ltd (ASX: CTD)
According to a note out of UBS, its analysts have retained their buy rating but trimmed their price target on this corporate travel specialistâs shares to $26.35. Although the broker notes that industry feedback is pointing to strong demand for corporate travel, its analysts have reduced their earnings estimates slightly to reflect inflationary and labour pressures. Nevertheless, it still sees plenty of value in its shares at the current level even after doing so. The Corporate Travel Management share price is trading at $17.80 today.
Domino’s Pizza Enterprises Ltd (ASX: DMP)
A note out of Ord Minnett reveals that its analysts have retained their buy rating but cut their price target on this pizza chain operatorâs shares to $88.00. Ord Minnett acknowledges that Dominoâs is facing a number of headwinds such as a weak Japanese yen and inflation. However, it believes these are understood by the market and factored into its share price. In light of this, the broker continues to see a lot of value in its shares, particularly in comparison to peers. The Dominoâs share price is fetching $68.46 this afternoon.
Nitro Software Ltd (ASX: NTO)
Analysts at Goldman Sachs have retained their buy rating with a reduced price target of $2.05 on this document productivity software companyâs shares. While disappointed with the companyâs quarterly update and guidance reduction, Goldman is keeping the faith. It continues to see Nitro as an undervalued global growth opportunity for investors. The Nitro share price is trading at $1.16 on Wednesday.
The post Top brokers name 3 ASX shares to buy today appeared first on The Motley Fool Australia.
Wondering where you should invest $1,000 right now?
When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.* Scott just revealed what he believes could be the “five best ASX stocks” for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now
See The 5 Stocks
*Returns as of July 7 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(“#43B02A”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#43B02A”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()
More reading
- Why Block, Iluka, Nitro, and Novonix shares are dropping today
- Down 28% in two days: Is the Nitro share price crash a buying opportunity?
- Why Flight Centre, Iress, Nitro, and Perseus shares are dropping today
- Why is the Nitro share price crashing 29% on Tuesday?
- Here are the top 10 ASX 200 shares today
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 Corporate Travel Management Limited, Dominos Pizza Enterprises Limited, and Nitro Software Limited. 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/PKogc9X
Stock Pick 