S&P/ASX 200 Index (ASX: XJO) shares are up 0.4% to 8,697.5 points on Friday.
Since reaching a 52-week high of 9,296.7 points in August, the benchmark index has slipped 6.5%.
The ongoing US-Iran conflict, high oil prices, and rising inflation, interest rates, and bond yields have weakened the market.
But the experts see buying opportunities for the brave.
Let’s take a look at some of their reaffirmed buy calls this week.
Xero Ltd (ASX: XRO)
The Xero share price is $58.93, up 2% on Friday.
This ASX 200 tech share has fallen 18% over the past month.
Citi reiterated its buy rating on Xero shares on Wednesday.
The broker cut its price target from $113.50 to $91.55.
This implies potential capital gains of 55% ahead.
Ampol Ltd (ASX: ALD)
The Ampol share price is $44.10, up 0.9% today.
Over the past month, this ASX 200 energy share has risen 6%.
Ord Minnett reaffirmed its buy rating on Ampol shares with a 12-month target of $43.
This suggests a potential 2% downside ahead.
Rural Funds Group Ltd (ASX: RFF)
The Rural Funds share price is steady at $1.91 today.
This ASX agricultural real estate investment trust (REIT) has fallen 3% over the past month.
Bell Potter reiterated its buy rating on Rural Funds shares on Wednesday.
The broker has a price target of $2.55.
This implies potential capital gains of 33% over the next 12 months.
PLS Group (ASX: PLS)
The PLS Group share price is $3.60, down 2.7% today.
Over the past month, this ASX 200 lithium share has fallen 28%.
Macquarie renewed its buy rating on PLS shares this week.
The broker has a 12-month price target of $5.50.
This suggests a possible 53% upside ahead.
Insurance Australia Group Ltd (ASX: IAG)
The IAG share price is $8.10, up 0.8% today.
This ASX 200 financial share has risen 5% over the past month.
UBS reiterated its buy rating on IAG shares this week.
The broker lowered its 12-month target price from $9.25 to $9.10.
This implies a potential 12% upside ahead.
NextDC Ltd (ASX: NXT)
The NextDC share price is $10.32, up 0.4% today.
Over the past month, this ASX 200 tech share has tumbled 19%.
Citi renewed its buy rating on NextDC shares with a $21.15 target this week.
This suggests the stock could more than double over the next 12 months.
The post 6 ASX shares to buy in today’s weak market: experts appeared first on The Motley Fool Australia.
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Citigroup is an advertising partner of Motley Fool Money. Motley Fool contributor Bronwyn Allen 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 Macquarie Group and Xero. The Motley Fool Australia has positions in and has recommended Rural Funds Group and Xero. The Motley Fool Australia has recommended Macquarie Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.