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.
Hereâs why brokers think investors ought to buy them next week:
Aristocrat Leisure Limited (ASX: ALL)
According to a note out of Citi, its analysts have retained their buy rating and $41.20 price target on this gaming technology companyâs shares. Citi has been looking at Aristocratâs digital business again/ And while it feels that February was a flat month for the industry, it notes that Aristocratâs titles continued to outperform. Overall, the broker remains bullish and is forecasting strong earnings growth in the coming years. The Aristocrat share price ended the week at $34.71.
Qantas Airways Limited (ASX: QAN)
A note out of Goldman Sachs reveals that its analysts have retained their conviction buy rating and $8.30 price target on this airline operatorâs shares. The broker continues to believe that the market is undervaluing Qantas, noting that its share price does not reflect the companyâs improved earnings capacity. Goldman also advised that it expects Qantasâ capital management to continue in FY 2024, with another $800 million share buyback. The Qantas share price was fetching $6.47 at Fridayâs close.
Woolworths Group Ltd (ASX: WOW)
Another note out of Citi reveals that its analysts have retained their buy rating and $42.20 price target on this retail giantâs shares. The broker feels relatively positive on consumer spending and has boosted its earnings estimates to reflect this. This means that Citi is now forecasting earnings per share growth of approximately 14% in both FY 2023 and FY 2024. The Woolworths share price ended the week at $37.06.
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
- Buy these ASX growth shares now: analysts
- What’s with the Qantas share price on Thursday?
- 7 ASX shares flying under the radar to buy now: Goldman Sachs
- 5 things to watch on the ASX 200 on Wednesday
- Leading brokers name 3 ASX shares to buy 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 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.
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