There are a lot of ASX shares to choose from on the local share market.
To narrow things down, let’s see what analysts are saying about three big names this week.
Are they buys, holds, or sells? Let’s find out:
ANZ Group Holdings Ltd (ASX: ANZ)
Morgans has been looking at this big four bank following recent sector updates.
This has seen the broker downgrade its earnings estimates for the near term and reaffirm its sell rating with a reduced price target of $30.72. It said:
We revise our forecasts ahead of ANZ’s 1H26 result in May and reflecting on the recent updates provided by NAB and WBC. FY26-28F EPS downgraded by 6-7%. Target price reduced 6% to $30.72/sh. SELL retained given c.-15% downside at current prices, including 4.4% cash yield.
National Australia Bank Ltd (ASX: NAB)
The team at Morgans is also feeling bearish about this big four bank.
In response to its recent update, the broker has downgraded its earnings estimates and reaffirmed a sell rating with a $34.56 price target. It explains:
NAB announced a $1.8bn DRP equity raising, increased loan provisioning, and acceleration of capital software amortisation. Material forecast downgrades as we adjust for today’s announcement and introduce increased conservatism into our modelling. SELL given potential TSR at current prices of -12% (including c.4.2% cash yield).
WiseTech Global Ltd (ASX: WTC)
Bell Potter remains bullish on this logistics solutions technology company.
This week, the broker has retained its buy rating on WiseTech shares with a $78.75 price target.
It believes that the discount that its shares trade on is excessive given its positive growth outlook. It explains:
There are no changes in the key assumptions we apply in the valuations used to determine our target price â multiples of 55x and 30x in the PE ratio and EV/EBITDA and a WACC of 8.6% in the DCF. The net result of the downgrades is a 6% decrease in our target price to $78.75 which is still a significant premium to the share price so we maintain our BUY recommendation.
We note that WiseTech is currently trading at >30% discount to Technology One on an EV/EBITDA basis in both FY26 and FY27. While we believe some sort of discount is now warranted, we believe the current discount is excessive given WiseTech has greater forecast earnings growth over the medium term and also a similar strong competitive moat due to 30 years of proprietary data, deeply embedded software and high switching costs.
The post Buy, hold, sell: ANZ, NAB, and WiseTech shares appeared first on The Motley Fool Australia.
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More reading
- Still down 40% over the past year, how high could WiseTech shares recover?
- 5 oversold ASX shares to buy before the end of April
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- Why I don’t own Telstra shares (yet)
- Why ANZ, Challenger, Hub24, and Lynas shares are dropping today
Motley Fool contributor James Mickleboro has positions in WiseTech Global. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended WiseTech Global. The Motley Fool Australia has positions in and has recommended WiseTech Global. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.