Brokers name 3 ASX shares to buy now

It has been another busy week for Australia’s top brokers. This has led to the release of a large number of broker notes.

Three broker buy ratings that you might want to know more about are summarised below. Here’s why brokers think these ASX shares are in the buy zone:

Aristocrat Leisure Limited (ASX: ALL)

According to a note out of Goldman Sachs, its analysts have retained their buy rating and $42.80 price target on this gaming technology company’s shares. This follows the company’s investor round table event. Goldman was pleased with what it heard and remains very positive on its outlook and iGaming opportunity. The Aristocrat share price is trading at $36.38 this afternoon

Brickworks Limited (ASX: BKW)

A note out of Morgans reveals that its analysts have retained their add rating on the building products company’s shares with an improved price target to $26.25. This follows the release of its first-half result this week. Although its result was short of expectations, Morgans remains positive due to it trading at a sizeable discount to its net tangible assets (NTA). The broker estimates this to be $35.00 per share. And while it doesn’t expect this discount to close entirely, it sees scope for it to narrow. The Brickworks share price is fetching $22.92 today.

Readytech Holdings Ltd (ASX: RDY)

Analysts at Macquarie have resumed coverage on this enterprise software company’s shares with an outperform rating and $4.00 price target. The broker is positive on Readytech and appears to believe it can achieve its revenue target thanks to its high conviction pipeline and market share gains. The Readytech share price is trading at $3.21 on Friday afternoon.

The post Brokers name 3 ASX shares to buy now appeared first on The Motley Fool Australia.

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More reading

• Citi rates these 3 ASX 200 blue chip shares as buys
• Here are the top 10 ASX 200 shares today
• Here is a pair of ASX 200 shares I would buy and never sell
• Is this the cheapest ASX 200 dividend share to buy today?
• This ASX 200 growth share’s outlook is ‘significantly strong’: Goldman Sachs

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 Brickworks and ReadyTech. The Motley Fool Australia has positions in and has recommended Brickworks. The Motley Fool Australia has recommended ReadyTech. 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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