Buy, hold, sell: CBA, Life360, and Macquarie shares

If you are hunting for some new portfolio additions, then it could pay to hear what brokers are saying about the three ASX shares in this article.

Does the broker rate them as buys, holds, or sells? Let’s dig deeper into things:

Commonwealth Bank of Australia (ASX: CBA)

Morgans remains bearish on CBA shares. In response to the banking giant’s third-quarter update, the broker has retained its sell rating with a reduced price target of $119.40.

The broker was disappointed with CBA’s performance, highlighting that its growth has slowed since the first half. And even after a heavy share price decline, it thinks CBA shares are expensive. Morgans said:

3Q26 earnings were below 1H26 growth expectations, both before and after the impact of topping up loan loss provisions. The balance sheet as per the CET1 capital ratio also looks a little tighter than we had previously budgeted. FY26-28 EPS forecasts downgraded c.3-5%. Target price reduced 4% to $119.40. SELL retained, with potential total return of c.-19% at current prices (including c.3.3% dividend yield). Even after today’s c.10% sell-off, CBA’s valuation metrics remain extended and don’t provide a sufficient margin of safety.

Life360 Inc (ASX: 360)

The team at Bell Potter remains bullish on this family safety and location technology company following its first-quarter update.

Following a review of the update, the broker retained its buy rating with a reduced price target of $32.50.

Bell Potter highlights that the company outperformed on all metrics but monthly active users (MAUs). And that miss was due to a technical issue on Android devices, which has since been resolved.

Commenting on its outlook, Bell Potter said:

There is perhaps a lack of short term catalysts but we do see sequential improvement each quarter in revenue and EBITDA for the remainder of the year. The biggest downside risk we see is a downgrade to the MAU growth guidance – we are at 16.9% growth versus guidance of 17-20% – whereas the biggest upside risk is further upgrades in the revenue and adjusted EBITDA guidance.

Macquarie Group Ltd (ASX: MQG)

Morgans was impressed with this investment bank’s performance in FY 2026. It notes that Macquarie outperformed expectations, with a profit result comfortably ahead of consensus expectations.

However, it feels that Macquarie shares are fully valued now and has retained its hold rating with a $248.00 price target. It said:

MQG delivered a very strong FY26 result with NPAT (A$4.8bn) up +30% on the pcp and +8% above company-compiled consensus. Whilst acknowledging this result was aided by significant volatility in commodity markets that assisted CGM, MQG’s performance was generally strong across the board.

Our price target rises to A$248 (previously A$223) on our earnings changes and a valuation roll-forward. MQG is a quality franchise, and a proven performer, but with <10% upside to our PT, we maintain our Hold call. We increase our MQG FY27F/FY28F EPS by +9%/+2%. Our price target rises to A$248 (previously A$223) on our earnings changes and a valuation roll-forward.

The post Buy, hold, sell: CBA, Life360, and Macquarie shares appeared first on The Motley Fool Australia.

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