Top brokers name 3 ASX shares to buy next week

A happy team of businesspeople stand in a corporate office.

It was another busy week for Australia’s top brokers. This has led to a number of broker notes being released.

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:

Guzman Y Gomez Ltd (ASX: GYG)

According to a note out of Bell Potter, its analysts have upgraded this Mexican-focused quick service restaurant operator’s shares to a buy rating with an improved price target of $24.50. Bell Potter was pleased with Guzman Y Gomez’s decision to close its struggling US business. The broker notes that it was a previous overhang on the stock, and sees the switch to focusing on the core Australia opportunity as more beneficial to shareholders. In addition, Bell Potter is confident in the medium-term Australia opportunity, backed by a pipeline of 108 restaurants, as well as the successful master franchising operation in Singapore and Japan. The Guzman Y Gomez share price ended the week at $19.66.

Life360 Inc. (ASX: 360)

A note out of Bell Potter reveals that its analysts have retained their buy rating on this family safety and location technology company’s shares with an improved price target of $33.00. After doing a deep dive into Life360’s quarterly update, the broker thinks the market was focusing on the wrong thing. Instead of negatively reacting to its soft monthly active user (MAU) growth, which it notes was explainable, Bell Potter thinks investors should have responded positively to its strong growth in paying circles (paid subscribers). The broker believes the latter has been driven by better quality MAUs due to management now using artificial intelligence in A/B testing to help optimise marketing and subscription plans. The Life360 share price was fetching $19.33 at Friday’s close.

Web Travel Group Ltd (ASX: WEB)

Analysts at Morgans have upgraded this travel technology company’s shares to a buy rating with a reduced price target of $3.75. According to the note, Morgans was pleased with Web Travel’s FY 2026 results this week. It highlights that the WebBeds owner delivered a resilient result that was ahead of consensus expectations. And while the broker wasn’t surprised to see that the Middle East conflict is impacting its performance early in FY 2027, it remains positive. Morgans is expecting the conflict to lead to a soft first half but expects a recovery in the second half. Furthermore, it points out that after past economic and geopolitical events, travel demand has rebounded. So, with its shares down heavily, it thinks now is a great time to snap them up. The Web Travel share price ended the week at $2.61.

The post Top brokers name 3 ASX shares to buy next week appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has positions in Life360 and Web Travel Group Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Life360. The Motley Fool Australia has positions in and has recommended Life360. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.