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. Hereâs why they are bullish on them:
Computershare Limited (ASX: CPU)
According to a note out of Morgans, its analysts have upgraded this stock transfer companyâs shares to an add rating with a $27.53 price target. Morgans has boosted its earnings estimates to reflect the improving outlook for interest rates. It expects this to allow the company to deliver a solid FY 2022 result and strong earnings growth in FY 2023. The Computershare share price is trading at $24.23 on Monday.
Harvey Norman Holdings Limited (ASX: HVN)
A note out of Goldman Sachs reveals that its analysts have retained their buy rating but cut their price target on this retail giantâs shares to $4.50. While the broker has revised its earnings estimates lower, it expects the companyâs attractive valuation and high dividend yield to attract investors back into the stock. It also believes the company has ~$1.2 billion for potential bolt-on acquisitions or expanded capex for growth investments. The Harvey Norman share price is fetching $3.85 today.
WiseTech Global Ltd (ASX: WTC)
Analysts at Ord Minnett have upgraded this logistics solutions technology companyâs shares to a buy rating with a $52.00 price target. The broker made the move on valuation grounds. It appears to see recent weakness in the tech sector as a buying opportunity for investors. The WiseTech share price is down over 30% in 2022 and currently trading at $40.88 on Monday afternoon.
The post Leading brokers name 3 ASX shares to buy today appeared first on The Motley Fool Australia.
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More reading
- Here are 2 ASX 200 dividend shares analysts rate as buys
- Here are the top 10 ASX shares today
- Why are ASX 200 tech shares sprinting higher today?
- Top broker picks two ASX 200 tech shares for today’s economy
- Here are the top 10 ASX shares today
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 Harvey Norman Holdings Ltd. and WiseTech Global. The Motley Fool Australia has positions in and has recommended Harvey Norman Holdings Ltd. and WiseTech Global. 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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