Brokers name 3 ASX shares to buy today

It has been another busy week for many of 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 right now:

Goodman Group (ASX: GMG)

According to a note out of Bell Potter, its analysts have retained their buy rating on this industrial property company’s shares with a trimmed price target of $36.45. It notes that Goodman delivered earnings ahead of consensus expectations during the first half. However, that wasn’t enough to stop its shares from being sold off. Bell Potter believes this selling reflects the lack of earnings upgrade, which it notes has featured at the half-year result in 8 of the last 10 years. In addition, it feels that the market is looking for further milestones with its data centre developments, particularly regarding tenant customer signings and clarity on profit-realising milestones to track delivery progress. The Goodman share price is trading at $30.30 on Friday afternoon.

Hub24 Ltd (ASX: HUB)

Another note out of Bell Potter reveals that its analysts have retained their buy rating on this investment platform provider’s shares with a trimmed price target of $120.00. Bell Potter highlights that Hub24 delivered a strong first-half result that outperformed on almost all fronts. But the key takeaway from the result for the broker was the large step up in existing adviser net inflows. It believes this suggests that its share of wallet has only started to improve. It also points out that adviser density has increased and AI is expected to lift deployment velocity for the new ecosystem. All in all, the broker believes this leaves it well-positioned for growth in the coming years. The Hub24 share price is fetching $98.79 at the time of writing.

Lovisa Holdings Ltd (ASX: LOV)

Analysts at Morgans have retained their buy rating on this fashion jewellery retailer’s shares with a trimmed price target of $36.80. The broker notes that Lovisa reported a strong underlying half-year result with EBIT up 20.4%. This was ~6% ahead of its expectations, driven by store network growth and strong gross margins. It was pleased to see the pace of its store rollout continue with a net of 64 new stores, bringing the total count to 1,095. In response, the broker has increased its earnings estimates for FY 2026 and FY 2027. So, with its shares pulling back meaningfully recently and trading at 27x estimated FY 2027 earnings, the broker sees this as a buying opportunity for investors. The Lovisa share price is trading at $26.34 this afternoon.

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

More reading

• 3 ASX 200 shares storming 22% to 29% higher this week
• Why Goodman shares could be heading 20%+ higher
• Bullish or bearish? Bell Potter gives its verdict on this high-flying ASX 200 stock
• Buy, hold, or sell? Goodman Group, Wesfarmers, Zip shares
• 5 things to watch on the ASX 200 on Friday

Motley Fool contributor James Mickleboro has positions in Goodman Group and Lovisa. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Goodman Group, Hub24, and Lovisa. The Motley Fool Australia has recommended Goodman Group, Hub24, and Lovisa. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.