Top brokers name 3 ASX shares to buy next week

Last week saw a number of broker notes hitting the wires once again. Three buy ratings that investors might want to be aware of are summarised below.

Here’s why brokers think investors ought to buy them next week:

Goodman Group (ASX: GMG)

According to a note out of Citi, its analysts have retained their buy rating and $23.50 price target on this industrial property company’s shares. Citi was pleased with Goodman’s first quarter update and believes it had more positives than negatives. The only disappointment was that its guidance was unchanged. Though, the broker believes there is still potential for an upgrade given its positive start to the year. The Goodman share price closed the week at $16.83.

Macquarie Group Ltd (ASX: MQG)

A note out of Morgans reveals that its analysts have retained their add rating on this investment bank’s shares with a slightly reduced price target of $214.30. Morgans was pleased with Macquarie’s performance during the first half of FY 2023 and notes that its profits were stronger than it expected. In light of this, the broker remains positive on Macquarie, particularly given the quality of its franchise and its exposure to structural growth areas. The Macquarie share price was fetching $170.37 at Friday’s close.

Woolworths Group Ltd (ASX: WOW)

Analysts at Goldman Sachs have retained their conviction buy rating on this retail giant’s shares with a trimmed price target of $41.70. While Goldman was a touch disappointed with the performance of its supermarket businesses during the first quarter, it saw enough to remain positive. Overall, the broker remains confident that Woolworths is the superior operator within Australian supermarkets and well-placed for growth in the coming years. The Woolworths share price ended the week at $32.56.

The post Top brokers name 3 ASX shares to buy next week appeared first on The Motley Fool Australia.

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More reading

• Why I’m seriously considering investing $10,000 in these ASX 200 shares
• Brokers name 3 ASX shares to buy today
• Morgans names 3 of the best ASX 200 shares to buy in November
• Would you like to bag the latest Macquarie dividend? Read this
• 5 big ASX announcements making news this week

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 Macquarie Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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