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:

Ansarada Group Ltd (ASX: AND)

According to a note out of Morgans, its analysts have retained their add rating and lifted their price target on this deals and transaction management software company’s shares to $1.90. This follows the release of a full year result that was in line with expectations. And while trading conditions have been soft early in FY 2023, Morgans believes any share price weakness should be seen as a buying opportunity. It rates Ansarada’s management team, product offering, and medium term outlook highly. The Ansarada share price is trading at $1.55 today.

NextDC Ltd (ASX: NXT)

A note out of Morgan Stanley reveals that its analysts have retained their overweight rating and $14.00 price target on this data centre operator’s shares. Morgan Stanley has been looking at potential earnings risks from higher energy prices. However, it concludes that these costs are manageable and should be able to be passed through to customers. As a result, it remains positive on the company’s outlook. The NextDC share price is fetching $9.89 on Monday.

Pilbara Minerals Ltd (ASX: PLS)

Analysts at JP Morgan have upgraded this lithium miner’s shares to an overweight rating with an improved price target of $4.10. The broker made the move after increasing its lithium demand outlook to reflect higher electric car penetration rate assumptions. This is being supported by government incentives. The Pilbara Minerals share price is trading at $3.68 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 the 3 most heavily traded ASX 200 shares on Monday
• Why Allkem, Capricorn Metals, Lovisa, and Pilbara Minerals shares are rising today
• Up 75% since mid-June, is it too late to invest in Pilbara Minerals shares?
• Here are the 3 most heavily traded ASX 200 shares on Friday
• Piedmont Lithium share price falls 5% after plans to build the largest US lithium plant unveiled

Motley Fool contributor James Mickleboro has positions in NEXTDC Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Ansarada Group Limited. The Motley Fool Australia has positions in and has recommended Ansarada Group Limited. 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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