With lots of ASX shares to choose from on the Australian market, it can be difficult 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 that leading brokers have named as buys this week are outlined below. Let’s see why they are bullish on them.

ANZ Group Holdings Ltd (ASX: ANZ)

According to a note out of Citi, its analysts have retained their buy rating and $39.25 price target on this banking giant’s shares. The broker has been busy looking at the impact that artificial intelligence (AI) could have on the banking sector. The good news is that Citi believes ANZ could benefit from agentic AI. In fact, it estimates that the big four banks could see their profits increase by up to 5%. In light of this, the broker remains positive on ANZ and continues to see value in its shares at current levels. The ANZ share price last traded at $35.70.

Hub24 Ltd (ASX: HUB)

A note out of Bell Potter reveals that its analysts have retained their buy rating and $110.00 price target on this investment platform provider’s shares. Bell Potter was pleased with Hub24’s quarterly update, noting that it delivered a good result. It highlights that total net inflows were comparable to the prior corresponding period and no one-off large outflows were revealed. In addition, Bell Potter believes that the outlook commentary reinforces the structural growth story and the result leaves FY 2027 targets intact. The Hub24 share price was fetching $81.35 at yesterday’s close.

Qantas Airways Ltd (ASX: QAN)

Analysts at Morgan Stanley have retained their overweight rating on this airline operator’s shares with an improved price target of $12.50. According to the note, Morgan Stanley believes that Qantas’ Project Sunrise could be the catalyst for a structural re-rating of its shares. It highlights that the project, its fleet renewal, and broader network initiatives should improve earnings resilience, support stronger international margins, and narrow Qantas’ valuation discount to global peers. As a result, the broker thinks that now could be a good time to snap up shares. The Qantas share price last traded at $10.14.

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

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Citigroup is an advertising partner of Motley Fool Money. 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 Hub24. The Motley Fool Australia has recommended Hub24. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

There many hundreds of ASX shares that investors can buy, but not many are backed by multiple analysts with buy ratings.

I think it’s interesting when an expert calls a stock a buy, but it could be a compelling idea when there are numerous buy ratings.

Based on the positivity of analysts, below could be two of the best ideas to buy right now.

AMP Ltd (ASX: AMP)

AMP is a diversified business that offers superannuation, investments and banking services.

The company recently announced its profit expectations for the 2026 first half result. Underlying net profit after tax (NPAT) is expected to be in the range of between $170 million to $180 million.

It outlined a number of elements from that update. In its China partnerships, it’s expecting to see a stronger contribution with a 24% rise of profit to approximately $56 million.

AMP’s investment income impacts of $5 million have been “favourable” following interest rate increases, compared to the first half of 2025.

It also highlighted a $5 million favourable impact of the North guarantee in the platforms.  

The business also noted it was recognising approximately $13 million of a carried interest relating to a partial sale of remaining assets within a legacy fund that was retained from the sale of AMP Capital’s international infrastructure equity business.

According to CMC Invest, there have been seven ratings within the last three months with, four buys and three holds.

JB Hi-Fi Ltd (ASX: JBH)

Another ASX share that is highly backed by analysts right now is electronics and appliance business JB Hi-Fi.

It now operates four different businesses – JB Hi-Fi Australia, JB Hi-Fi New Zealand, The Good Guys and E&S. The company has excelled at having very productive sales floors, efficient costs and offering customers competitive prices.

Given how Australia has become increasingly digital, JB Hi-Fi operates in a compelling segment of the retail market and has a strong market presence.

In addition, the business has regularly increased its annual dividend for investors – the payout has increased almost every year since 2013. That’s a great track record for investors focused on passive income.

In terms of analyst backing, according to CMC Invest, there have been 10 ratings on the business in the last three months, with five buy ratings, four buy ratings and one sell rating. Based on the projection on CMC Invest, the business is forecast to pay a grossed-up dividend yield of 6.3% including franking credits and 4.4% excluding franking credits.

The post 2 ASX shares highly recommended to buy: Experts appeared first on The Motley Fool Australia.

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Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. 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.

Owning Wesfarmers Ltd (ASX: WES) shares for passive income makes a lot of sense given its dividend track record.

The company owns a number of leading Australian businesses including Kmart, Bunnings, Officeworks, Priceline and WesCEF (chemicals, energy and fertilisers).

Wesfarmers has been listed for decades and it has delivered great dividend growth over the long-term. On the company’s own website, the business says it wants to grow dividends:

With a focus on generating strong cash flows and maintaining balance sheet strength, the group aims to deliver satisfactory returns to shareholders through improving returns on invested capital. As well as share price appreciation, Wesfarmers seeks to grow dividends over time commensurate with performance in earnings and cash flow.

Let’s look at what the payout is projected to deliver and what it would take to make $10,000 of dividends.

Dividend projection

Considering we’re already in the 2027 financial year, I think it’s worthwhile to look at what could happen with the company’s annual dividend in FY27.

According to the projection on Commsec, the business is forecast to pay an annual dividend per share in FY27 of $2.33 – that would represent year-over-year growth of around 8% compared to the estimate for the annual payout of $2.16 in FY26.

At the time of writing, the potential payout for FY27 translates into a dividend yield of 2.5% excluding franking credits and 3.6% including franking credits.

That’s not the biggest dividend yield out there, but the business continues to retain some of its earnings to reinvest for growth, and the company is priced for its rising earnings. The yield could be noticeably higher by the end of the decade if it continues to grow its annual passive income.

Wesfarmers has increased its annual dividend each year since 2020, after spinning off Coles Group Ltd (ASX: COL) as a separate business. I think the quality of Wesfarmers’ earnings from Kmart and Bunnings will help it continue growing earnings in the next few years.

How many Wesfarmers shares are needed for $10,000 of passive income?

Receiving $10,000 of dividends from a single business would be a substantial amount, so I’d suggest investors should make sure their portfolio is diversified and not mostly reliant on Wesfarmers for passive income.

Based on the projection for the 2027 financial year, an investor would need 4,292 Wesfarmers shares excluding the franking credits. If we include the franking credits as part of the overall goal, an investor would need 3,005 Wesfarmers shares.

At the time of writing, the Wesfarmers share price has soared 30% since mid-May. While this is great for existing shareholders, it’s a less compelling buy for new shareholders. There are other ASX shares that could be better buys.

The post How many Wesfarmers shares do I need to buy for $10,000 of passive income? appeared first on The Motley Fool Australia.

More reading

• How I would turn $200,000 into an ASX retirement income portfolio
• Up 29% since May, can Wesfarmers shares keep surging higher?
• How to build an ASX dividend portfolio that keeps paying you for decades
• Buy, hold, sell: SKS Technologies, Yancoal, Wesfarmers shares
• How much is needed in superannuation to target a $100,000 annual passive income?

Motley Fool contributor Tristan Harrison 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 Wesfarmers. The Motley Fool Australia has recommended Wesfarmers. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.