Top brokers name 3 ASX shares to buy next week

It has been another busy week for Australia’s top brokers. This has led to the release of a number of broker notes.

Three broker buy ratings that you might want to know more about are summarised below. Here’s why brokers think these ASX shares are in the buy zone:

Boss Energy Ltd (ASX: BOE)

According to a note out of Macquarie, its analysts have retained their outperform rating and $6.00 price target on this uranium miner’s shares. The broker has been running the rule over the company’s first half update and drilling results from the Alta Mesa Project. It was pleased with both, noting that its results smashed expectations and that its drilling update potentially points to better than expected resource estimates. The Boss Energy share price ended the week at $4.92.

Webjet Ltd (ASX: WEB)

A note out of Citi reveals that its analysts have retained their buy rating on this online travel agent’s shares with an improved price target of $9.90. Citi was pleased with the company’s investor update presentation relating to its WebBeds business. It highlights that management plans to grow its total transaction value for the business to $10 billion by 2030. This will be double its FY 2025 target of $5 billion. The Webjet share price was fetching $8.74 on Friday.

Woolworths Group Ltd (ASX: WOW)

Analysts at Goldman Sachs have retained their conviction buy rating and $40.40 price target on this supermarket giant’s shares. According to the note, the broker believes that recent weakness due to inquiries into price gouging and anti-competitive behaviour claims has been an overreaction. It highlights that a similar inquiry in 2008 by the ACCC concluded that the supermarkets industry was “workably competitive.” In addition, it recalls that the recommended industry changes did not result in a material impact to its earnings. The Woolworths share price ended last week at $32.32.

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

• Top ASX shares to buy instead of a term deposit in March 2024
• Brokers name 3 ASX shares to buy now
• ASX energy shares losing charge amid fresh warnings of gas supply shortfalls
• ‘We have reached a bottom’: 5 ASX uranium shares leaping higher this week
• Why Arafura, Pentanet, Sigma, and Webjet shares are falling today

Citigroup is an advertising partner of The Ascent, a Motley Fool company. 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 positions in and has recommended Goldman Sachs Group and Macquarie Group. The Motley Fool Australia has positions in and has recommended Macquarie Group. 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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