Leading brokers name 3 ASX shares to buy today

With lots of ASX shares to choose from on the Australian market, it can be difficult to decide which ones to buy. The good news is that brokers across the country are doing a lot of the hard work for you.

Three top ASX shares that leading brokers have named as buys this week are outlined below. Here’s why they are bullish on them:

ANZ Group Holdings Ltd (ASX: ANZ)

According to a note out of Citi, its analysts have retained their buy rating and $39.25 price target on this banking giant’s shares. Citi believes that the proposed changes to negative gearing could have a big impact on mortgage lending in the near term. In fact, it expects mortgage credit growth to slow to just 3.5% from 7%. The good news is that Citi believes business lending will be robust, especially given AI-related project investments. It thinks this bodes well for ANZ given its extensive business banking division. The ANZ share price is trading at $35.15 on Monday afternoon.

Electro Optic Systems Holdings Ltd (ASX: EOS)

A note out of Ord Minnett reveals that its analysts have retained their speculative buy rating on this defence and space company’s shares with an improved price target of $11.45. This follows the announcement of a new US$124 million order for its Slinger counter-drone remote weapon system from UAE-based Generation 5 Holding. The broker estimates that this contract gives its forward order book a big lift and covers all of Ord Minnett’s forecast revenues throughto FY 2028. It was also pleased to see the company sign a conditional joint venture with Generation 5 Holding to develop another next-generation high-energy laser weapon. The EOS share price is fetching $10.35 at the time of writing.

IDP Education Ltd (ASX: IEL)

Analysts at Morgans have retained their buy rating on this language testing and student placement provider’s shares with an improved price target of $3.45. Morgans was pleased with IDP Education’s trading update, noting that it included a better-than-expected net cost out in FY 2026 ($30 million vs $25 million), potential further cost reductions in FY 2027, and strong capital management discipline. Morgans was also encouraged by management’s confidence in the progress of the multi-year business transformation, highlighted by a ~$50 million share buy-back and ongoing operational performance (yield strength) in a subdued volume backdrop. All in all, the broker feels the update incrementally supports its recent upgrade. As a result, it remains willing to look through a cyclically depressed valuation for a leaner market leader, underpinned by structural demand, ongoing tech/product development, and China testing optionality. The IDP Education share price is trading at $2.45 today.

The post Leading brokers name 3 ASX shares to buy today appeared first on The Motley Fool Australia.

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Citigroup is an advertising partner of Motley Fool Money. 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 Electro Optic Systems. 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.