It has been another busy week for many of 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 right now:
Mineral Resources Ltd (ASX: MIN)
According to a note out of Bell Potter, its analysts have retained their buy rating on this mining and mining services company’s shares with an improved price target of $81.00. The broker was pleased to see the Mt Marion expansion has been approved and the Bald Hill operation will restart. It expects this to support a meaningful increase in lithium spodumene production in the coming years. In addition, given the rapid balance sheet deleveraging, paired with cash flows from persistent iron ore and lithium market prices, the broker believes that Mineral Resources will start to pay dividends again in the near future. The Mineral Resources share price is trading at $72.32 on Friday.
Tabcorp Holdings Ltd (ASX: TAH)
A note out of Morgans reveals that its analysts have upgraded this gambling company’s shares to a buy rating with a trimmed price target of $1.07. The broker made the move on valuation grounds following a sharp pullback this year. And while Morgans concedes that an investigation by AUSTRAC is likely to weigh on sentiment in the near term, it still believes its shares are being seriously undervalued by the market. This is even after factoring in additional costs that are likely for compliance activities. The Tabcorp share price is fetching 77 cents at the time of writing.
Web Travel Group Ltd (ASX: WEB)
Another note out of Morgans reveals that its analysts have upgraded this travel technology company’s shares to a buy rating with a reduced price target of $3.75. This follows the release of the WebBeds owner’s FY 2026 results this week. Morgans highlights that the company delivered a resilient result that was ahead of consensus expectations. Looking ahead, the broker wasn’t surprised to see that the Middle East conflict is impacting its performance early in FY 2027. Morgans is expecting the conflict to lead to a soft first half but expects a recovery in the second half. Furthermore, the broker points out that after past economic and geopolitical events, travel demand rebounds. So, with its shares down heavily, it thinks now is a great time to snap them up. The Web Travel share price is trading at $2.68 on Friday.
The post Brokers name 3 ASX shares to buy right now appeared first on The Motley Fool Australia.
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More reading
- Up 200%! Can the Mineral Resources share price bull run continue?
- 5 things to watch on the ASX 200 on Friday
- Here are the top 10 ASX 200 shares today
- Why Temple & Webster, Web Travel and Guzman Y Gomez shares could have even further to fall
- Morgans says these ASX 200 shares are buys
Motley Fool contributor James Mickleboro has positions in Web Travel Group Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.