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:
Genesis Minerals Ltd (ASX: GMD)
According to a note out of Macquarie, its analysts have retained their outperform rating on this gold miner’s shares with a trimmed price target of $9.10. This follows the release of the company’s third-quarter update, which revealed production that was a touch short of the broker’s expectations. This was due to lower grades and recoveries. Nevertheless, the company remains on track to achieve the mid-point of its production guidance in FY 2026. In light of this, its quality, and attractive valuation, Macquarie thinks that recent share price weakness has created a buying opportunity for investors. The Genesis Minerals share price is currently trading at $6.54 on Friday.
Netwealth Group Ltd (ASX: NWL)
A note out of Bell Potter reveals that its analysts have retained their buy rating and $30.00 price target on this investment platform provider’s shares. Bell Potter highlights that Netwealth released its quarterly update this week. And while its funds under administration fell short of expectations, it notes that this was just to a $3.7 billion negative market movement. The good news is that with markets rebounding in April, Bell Potter believes that most of this miss has now been reversed. Outside this, it points out that Netwealth shares have de-rated to trade on 28x forward EBITDA, compares to 33x through-the-cycle. It believes there is scope for a re-rating in the future, which could make now a good time to buy. The Netwealth share price is fetching $25.42 at the time of writing.
Qantas Airways Ltd (ASX: QAN)
Analysts at UBS have retained their buy rating on this airline operator’s shares with a trimmed price target of $11.25. According to the note, the broker has adjusted its forecasts to reflect fuel price volatility. It notes that surging oil prices are expected to lead to a major increase in fuel costs in the near term, weighing on earnings in FY 2026 and FY 2027. Nevertheless, the broker remains positive, especially given how it sees opportunities for Qantas to offset some of the fuel costs increase. As a result, it continues to recommend the airline’s shares as a buy to clients. The Qantas share price is trading at $9.07 today.
The post Brokers name 3 ASX shares to buy right now appeared first on The Motley Fool Australia.
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More reading
- Why a $700 million move into Qantas shares is turning heads today
- Buy, hold, sell: Evolution Mining, Netwealth, and Nufarm shares
- Broker says this ASX 200 stock can deliver a 20% return
- After a 9% decline, is this once high-flying ASX gold mining stock primed for a rebound?
- 5 things to watch on the ASX 200 on Friday
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 Macquarie Group and Netwealth Group. The Motley Fool Australia has positions in and has recommended Macquarie Group and Netwealth Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.