Leading brokers name 3 ASX shares to buy today

With so many shares to choose from on the ASX, it can be difficult to decide which ones to buy. The good news is that brokers across the country are doing a lot of the hard work for you.

Three top ASX shares that leading brokers have named as buys this week are listed below. Here’s why they are bullish on them:

Arcadium Lithium (ASX: LTM)

According to a note out of Bell Potter, its analysts have initiated coverage on this lithium miner’s shares with a buy rating and $12.10 price target. The broker is a fan of Arcadium Lithium, which is the result of the Allkem-Livent merger, due to it having the largest, most diversified exposure to lithium. The Arcadium Lithium share price is trading at $7.53 today.

Macquarie Technology Group Ltd (ASX: MAQ)

A note out of Goldman Sachs reveals that its analysts have retained their buy rating and $77.70 price target on this data centre, cloud, cyber security, and telecom company’s shares. It notes that the company’s development application for the IC3 Super West data centre at its Macquarie Park campus has been approved. The broker sees this as an important milestone in the acceleration of the company’s data centre growth ambitions. The Macquarie Technology share price is fetching $72.32 this afternoon.

QBE Insurance Group Ltd (ASX: QBE)

Another note out of Goldman Sachs reveals that its analysts have retained their buy rating and $18.52 price target on this insurance giant’s shares. This follows the release of an update from industry peer Travelers Companies Inc (NYSE: TRV). Goldman notes that Travelers smashed its expectations during the fourth quarter. It believes this bodes well for QBE’s performance during the quarter. The QBE share price is trading at $15.62 on Monday.

The post Leading brokers name 3 ASX shares to buy today appeared first on The Motley Fool Australia.

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More reading

• Why Arcadium Lithium shares could rise 50% from today
• 5 things to watch on the ASX 200 on Monday
• Why are Arcadium Lithium shares down 17% since trading commenced?
• 3 ASX dividend stocks to boost your income portfolio in 2024
• Why Arcadium Lithium, BHP, Core Lithium, and Magellan shares are falling today

Motley Fool contributor James Mickleboro owns Arcadium Lithium shares. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs Group. 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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