Leading brokers name 3 ASX shares to buy today

With most brokers taking a break over the holiday period, research notes are few and far between right now.

But don’t worry because listed below are three recent broker buy recommendations that still have plenty of upside potential.

Here’s why brokers think these ASX shares are in the buy zone:

Life360 Inc (ASX: 360)

According to a note out of Goldman Sachs, its analysts have a buy rating and $7.60 price target on this location technology company’s shares. Goldman believes that Life360 has ended the year positively, which it feels eases any risk to its FY 2022 guidance. In addition, the broker notes that the company’s subscription business trades at a discount to global subscription app peers when adjusting for its superior growth outlook. As a result, it sees scope for a re-rating in the future. The Life360 share price is trading at $4.85 today.

Maas Group Holdings Ltd (ASX: MGH)

Another note out of Goldman Sachs reveals that its analysts have a buy rating and $4.20 price target on this property, construction, and infrastructure solutions provider’s shares. Goldman highlights that Maas is in a transition phase that will see higher quality real estate income become the largest source of earnings in the next three years. And with Maas’ shares trading at 10x forward earnings, it believes there’s a lot of value on offer here. The Maas share price is fetching $2.58 today.

Premier Investments Limited (ASX: PMV)

Analysts at Macquarie have an outperform rating and $29.00 price target on this retail conglomerate’s shares. Macquarie has been impressed with the Smiggle and Peter Alexander owner’s strong start to the financial year. In fact, it highlights that the company’s sales growth is tracking ahead of its expectations. This led to Macquarie upgrading its earnings estimates for the year. The Premier Investments share price is trading at $24.57 on Tuesday.

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

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Motley Fool contributor James Mickleboro has positions in Life360. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Life360. The Motley Fool Australia has recommended Premier Investments. 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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