Leading brokers name 3 ASX shares to buy today

With so many shares to choose from on the ASX, it can be hard 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 leading brokers have named as buys this week are listed below. Here’s why they are bullish on them:

IDP Education Ltd (ASX: IEL)

According to a note out of UBS, its analysts have retained their buy rating and $34.60 price target on this language testing and student placement company’s shares. Its analysts believe that the company’s shares are trading at attractive level following a sharp pullback in 2022. Particularly given strong language testing demand and the improving outlook for student placements. UBS highlights strong momentum in Australian visa processing over the last three months. The IDP Education share price is trading at $24.75 today.

IGO Ltd (ASX: IGO)

A note out of Macquarie reveals that its analysts have resumed coverage on this battery materials producer’s shares with an outperform rating and $17.00 price target. Macquarie, which is very bullish on lithium, notes that IGO has a world class lithium business that it expects to underpin strong earnings growth in the coming years. In addition, it feels the acquisition of Western Areas should support its nickel production and open up growth opportunities. The IGO share price is fetching $10.33 on Monday afternoon.

National Australia Bank Ltd (ASX: NAB)

Analysts at Goldman Sachs have retained their conviction buy rating and lifted their price target on this banking giant’s shares to $34.26. Goldman has lifted its earnings estimates to reflect the acquisition of Citigroup’s Australian Consumer business. Outside this, the broker likes NAB due to its belief that the bank’s balance sheet mix provides the best exposure to the domestic system growth over the next 12 to 18 months. The NAB share price is trading at $27.92 today.

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

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More reading

• CBA share price leads the big four as banks outperform ASX 200 on Monday
• Broker tips NAB share price to rise 24% from here
• 3 ASX lithium stocks this fund manager is holding despite sector pullback
• 5 things to watch on the ASX 200 on Monday
• Brokers name 2 ASX dividend shares to buy next week

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 Idp Education Pty Ltd. 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.

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