Category: Stock Market

A number of shares have been beaten down this year following the mini market crash.

While this is disappointing, it could have created a buying opportunity for investors once the volatility ends. Here’s why these ASX shares could be top options:

Altium Limited (ASX: ALU)

The first beaten down ASX share for investors to look at is Altium. It is the electronic design software provider behind the Altium 365 and Altium Designer platforms, the Nexus collaboration platform, and the Octopart search engine.

The Altium share price is down 37% since the start of the year. This could be a buying opportunity according to analysts at Bell Potter. They currently have a buy rating and $34.00 price target on Altium’s shares. This implies potential upside of 21% for investors over the next 12 months.

Bell Potter’s analysts believe Altium is “on track to achieve its FY22 guidance and expect much better subscriber growth in 2HFY22 relative to 1HFY22.”

Domino’s Pizza Enterprises Ltd (ASX: DMP)

Another beaten down ASX share to look at is Domino’s. It is one of the world’s largest pizza chain operators with stores across the ANZ, Asia-Pacific, and European regions.

Its shares have fared even worse than Altium’s in 2022 and are down 46% since the turn of the year. Morgans believes this weakness is a buying opportunity and recently put an add rating and $93.00 price target on its shares. This implies potential upside of 40% for investors between now and this time next year.

Morgans remains positive on the company due to its store rollout plan, which it notes is “the engine of DMP’s growth.” And while near term trading conditions may be tough, the broker believes “the medium-term opportunity is absolutely undiminished.”

The post 2 beaten down ASX shares named as buys by experts appeared first on The Motley Fool Australia.

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More reading

• Could Altium shares benefit from the global chip shortage?
• Why no news could be good news for the Altium share price
• 5 things to watch on the ASX 200 on Tuesday
• Top brokers name 3 ASX shares to buy next week
• 3 ASX shares to buy for scary times: experts

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 Altium. The Motley Fool Australia has recommended Dominos Pizza Enterprises 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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There are a lot of shares to choose from on the Australian share market.

In order to narrow things down for investors, listed below are two ASX shares that are rated highly by analysts. Here’s why they could be top buy and hold options:

Lovisa Holdings Limited (ASX: LOV)

The first ASX share that could be a top buy and hold option is Lovisa.

Morgans is very positive on Lovisa due to its global expansion plans and its new and highly experienced CEO, Victor Herrero. The broker sees a huge opportunity for Lovisa in the massive US market. It explained:

Lovisa’s global footprint now spans 22 countries. In our opinion, investors can expect this number to increase steadily while, at the same time, Lovisa builds out its presence in its existing markets. We do not think there is any lack of opportunity. In the US, for example, Lovisa now has 81 stores, representing 0.25 stores for every million people), compared to Australia with 158 stores, 6.15 stores for every million people.

Morgans has an add rating and $24.00 price target on its shares.

TechnologyOne Ltd (ASX: TNE)

Another ASX share that could be a top buy and hold option is TechnologyOne. It is an enterprise software provider servicing the government, financial services, health and community services, education, and utilities and managed services markets.

TechnologyOne appears well-placed for growth thanks to its shift to a software-as-a-service (SaaS) model and its UK expansion. It also has defensive qualities, which Goldman Sachs finds particularly attractive in the current environment. It commented:

Defensive end markets (public sector and education) with IT spending that are relatively resilient to recessions. Contractual CPI pricing pass-through, high recurring revenue, minimal churn (<1%), high margins and net cash are attractive attributes in a slowing economy. In addition, TNE’s recent result highlight continued momentum towards the +A$500mn FY26 ARR target, providing valuable earnings growth visibility over coming years, in our view.

Goldman has a buy rating and $13.30 price target on the company’s shares.

The post Analysts name 2 excellent ASX shares to buy and hold appeared first on The Motley Fool Australia.

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More reading

• Brokers name 3 ASX shares to buy today
• Experts name 3 ASX growth shares to buy with enormous upside potential
• Could be ‘one of the biggest success stories’: Top broker tips 87% upside for Lovisa shares
• Experts name 2 ASX growth shares to buy with major upside potential
• TechnologyOne share price is a buy ahead of profit growth acceleration: broker

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 no position in any of the stocks mentioned. The Motley Fool Australia has recommended Lovisa Holdings Ltd and TechnologyOne 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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The ResMed Inc (ASX: RMD) share price was on form on Friday.

The sleep treatment focused medical device company’s shares rose almost 3% to $30.45.

Can the ResMed share price keep rising?

The good news for investors is that one leading broker still sees plenty of room for the ResMed share price to keep rising.

According to a recent note out of Goldman Sachs, its analysts have a buy rating and $34.40 price target on its shares.

This implies potential upside of 13% for investors over the next 12 months.

What did the broker say?

Goldman notes that ResMed has announced plans to acquire Medifox Dan for US$1 billion.

It is an out-of-hospital software provider based in Germany which generated revenue of US$83 million and EBITDA of US$35 million in calendar year 2021.

Goldman appeared pleased with the deal. It commented:

The acquisition goes some way to answering a long-held question the market has had around when/how the company would attempt to replicate its SaaS strategy outside of the US market.

What else is the broker saying?

Its analysts also highlight that the ResMed share price has been underperforming in FY 2022 due to concerns over supply chain headwinds. This has stopped the company from taking full advantage of a major product recall from rival Philips.

However, Goldman feels the market is overreacting and expects elevated demand to stick around long enough for ResMed to benefit. It also sees a backlog of patients waiting to be diagnosed as a potential upside risk to estimates.

Its analysts explained:

We believe the elevation in demand could persist beyond the time it takes for component shortages to improve (via both external and internal factors) and, as such, the YTD underperformance of the shares may be over-capitalising relatively short-term headwinds.

We believe the backlog of new patients may add upside to our estimates if there is a material realisation of incremental devices/masks sales to new patients in FY23/24 (supply chain pressures permitting). The return of PHIA to the market may actually help in this regard, as the company supplies critical diagnosis equipment.

The post Why Goldman Sachs sees 13% upside for the ResMed share price appeared first on The Motley Fool Australia.

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More reading

• This is what I’d do with these 3 battered ASX shares: fund manager
• Goldman names 2 ASX healthcare shares to buy
• 2 ASX shares to benefit from strong US dollar: expert
• Why I would invest $10,000 in these 3 ASX shares
• ASX 200 midday update: ResMed’s US$1bn acquisition, tech shares continue to sink

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 Goldman Sachs and ResMed Inc. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended ResMed. The Motley Fool Australia has positions in and has recommended ResMed Inc. 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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The Regis Resources Limited (ASX: RRL) share price has fallen 18% over the past week.

This comes despite the company keeping a relatively quiet profile on the news front.

At Friday’s market close, the gold miner’s shares recovered some lost ground to finish 1.32% higher at $1.54. That’s 18.09% lower than the $1.88 it closed at the previous Friday.

It’s worth noting that Regis Resources shares touched a 52-week low of $1.465 on Friday before quickly reversing their losses.

What’s happening with Regis Resources?

After four consecutive sessions in the red, it appears investors are taking advantage of the Regis Resources share price weakness.

The extreme volatility on the ASX mixed with a deteriorating gold price have caused havoc with the company’s shares.

This is because of fears surrounding more aggressive rate hikes by the Reserve Bank of Australia to cool down inflation.

While the negative news has been priced in, investors will be eagerly awaiting the next consumer price index report. This is scheduled to be released on 27 July and will tell us about the latest inflation levels for the June quarter.

If interest rates are accelerated, it’s possible the Regis Resources share price could fall further as investors switch to government bonds.

At the time of writing, the yellow metal is fetching US$1,823 per ounce. This represents a decline of almost 2% in the past 30 days.

In addition, the S&P/ASX 300 Metals and Mining Industry (ASX: XMM) has also headed south over the past week, down by almost 6%.

The sector contains companies in the top 300 ASX companies that are involved with gold, steel, and precious metals.

Regis Resources share price performance

It’s been a rough ride for Regis shareholders with the company’s shares plummeting by 21% in 2022.

However, when looking at the past 12 months, those losses are further amplified with the Regis Resources share price down 37%.

Based on today’s closing price, the company presides a market capitalisation of approximately $1.15 billion.

The post Down 18% in a week, what’s stolen the shine from the Regis Resources share price? appeared first on The Motley Fool Australia.

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More reading

• 5 things to watch on the ASX 200 on Thursday
• 5 things to watch on the ASX 200 on Tuesday
• These are the 10 most shorted ASX shares
• 5 things to watch on the ASX 200 on Thursday
• These are the 10 most shorted ASX shares

Motley Fool contributor Aaron Teboneras 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.

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The S&P/ASX 200 Index (ASX: XJO) rebounded slightly this week after two consecutive weeks of poor performance. The benchmark index ended the session 0.74% higher at 6,576.40 points.

Nine of the index’s 11 sectors closed higher, led by the S&P/ASX 200 Information Technology Index (ASX: XIJ)’s 6% gain. It was likely driven upwards following decent gains on Wall Street overnight.

Meanwhile, the S&P/ASX 200 Energy Index (ASX: XEJ) was the market’s worst performer, falling 1.5%. Coal shares were the sector’s biggest weight despite the price of coal lifting overnight. Though, lower oil prices likely also weighed on the index.

But beyond the gloom, many of the ASX’s top 200 shares outperformed on Friday. Here were the best of the bunch:

Top 10 ASX shares countdown today

Looking at the top 200 listed companies by market capitalisation, Latitude Group Holdings Ltd (ASX: LFS) has bested the rest. The financial services provider’s stock surged 18%, recovering some of its gains from earlier this week. Read more about Latitude’s performance here.

Following on Latitude’s heels is the Block Inc (ASX: SQ2) share price. The payments provider lifted alongside its tech peers on Friday, gaining 11% to do so. Find out more about Block here.

Today’s top 10 biggest gains were made by these ASX shares:

ASX-listed company	Share price	Price change
Latitude Group Holdings Ltd (ASX: LFS)	$1.275	18.06%
Block Inc (ASX: SQ2)	$99.03	11.53%
Paladin Energy Ltd (ASX: PDN)	$0.59	10.28%
Liontown Resources Limited (ASX: LTR)	$0.9675	9.94%
Wisetech Global Ltd (ASX: WTC)	$38.99	8.37%
Core Lithium Ltd (ASX: CXO)	$0.91	8.33%
REA Group Limited (ASX: REA)	$114.17	8.3%
Pexa Group Ltd (ASX: PXA)	$13.16	7.96%
Pro Medicus Limited (ASX: PME)	$43.56	7.93%
Domain Holdings Australia Ltd (ASX: DHG)	$3.00	7.91%

Data as at 4:00 AEST

Our top 10 ASX shares today countdown is a recurring end-of-day summary to ensure you know which companies were making big moves on the day. Check in at Fool.com.au after the market has closed during weekdays to see which stocks make the countdown

The post Here are the top 10 ASX shares 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 Friday
• Latitude share price launches 19% in first major gain since scrapped Humm deal
• 3 ASX All Ordinaries shares going gangbusters on Friday
• Why Betmakers, Block, Lake Resources, and Vulcan shares are racing higher
• The Zip share price is rocketing 14% today. What’s going on?

Motley Fool contributor Brooke Cooper 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 Block, Inc., PEXA Group Limited, Pro Medicus Ltd., and WiseTech Global. The Motley Fool Australia has positions in and has recommended Block, Inc., Pro Medicus Ltd., and WiseTech Global. The Motley Fool Australia has recommended REA 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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The S&P/ASX 200 Index (ASX: XJO) is giving investors a pleasant end to what has been a rather wild trading week. At the time of writing, the ASX 200 is currently up by 0.39% at around 6,554 points.

So let’s dive deeper into these market moves and have a look at the shares that are topping the ASX 200’s share volume charts right now, according to investing.com.

The 3 most traded ASX 200 shares by volume this Friday

Pilbara Minerals Ltd (ASX: PLS)

It’s all about those ASX 200 lithium stocks today, so let’s kick off with Pilbara Minerals. Pilbara has had a notable 20.61 million shares trade hands as it currently stands. There hasn’t been any new news out of Pilbara today.

However, this company has enjoyed a healthy share price rise this Friday. Pilbara shares have gained a pleasing 5.4% so far today and are trading at $2.16 a share. This seems to be the cause of the elevated volumes we are seeing.

Core Lithium Ltd (ASX: CXO)

Next up is Pilbara’s fellow ASX 200 lithium share Core Lithium. So far today, a sizeable 27.03 million Core Lithium shares have flown around the ASX boards. Again, it looks as though we have a big share price move to thank for this.

At the time of writing, an eye-catching 7.74% has been added to the Core Lithium share price today, pulling it up to 90 cents.

Lake Resources N.L. (ASX: LKE)

Our third, final and most traded ASX 200 share today is yet another lithium stock in Lake Resources. Like Core Lithium, Lake Resources only joined the ASX 200 index this week. But it has certainly had a baptism of fire, losing more than half of its value since Monday alone.

Saying that, Lake Resources shares are bouncing back with a vengeance today, and are up a pleasing 11.4% at 78 cents each so far. This decisive move upwards is almost certainly behind the whopping 79.15 million Lake Resource shares that have been bought and sold today.

The post Here are the 3 most heavily traded ASX 200 shares on Friday appeared first on The Motley Fool Australia.

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More reading

• Brokers name 3 ASX shares to buy today
• Why Betmakers, Block, Lake Resources, and Vulcan shares are racing higher
• ‘Nothing has changed’: Why the Lake Resources share price is rocketing 19% today
• ASX 200 midday update: Qantas’ market update, lithium shares rebound
• 5 things to watch on the ASX 200 on Friday

Motley Fool contributor Sebastian Bowen 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.

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The Latitude Group Holdings Ltd (ASX: LFS) share price is gaining meaningfully for the first time since the company’s deal to acquire the buy now, pay later (BNPL) leg of Humm Group Ltd (ASX: HUM) was scrapped last week. And it’s returned to the green in style.

At the time of writing, the Latitude share price is trading at $1.28, 18.52% higher than it was at Thursday’s close.

For context, the broader market is also gaining today. The S&P/ASX 200 Index (ASX: XJO) is currently up 0.41% while the All Ordinaries Index (ASX: XAO) has lifted 0.7%.

Let’s take a closer look at what’s been going on with the financial services provider and its stock lately.

Latitude share price ends the week with a bang

The Latitude share price is recovering some of its recent falls on Friday – a full week after the company’s planned acquisition of Humm’s consumer finance business fell through.

Latitude previously offered to buy the business – housing Humm’s BNPL offering – for $35 million in cash and 150 million Latitude shares.

When the offer was first tabled in February, it was worth $335 million. However, its value tumbled alongside the Latitude share price before being binned.

The companies said the proposal was terminated due to “major disruption in financial markets”.

Latitude also told the market that less than 1% of its revenue and receivables come from its own BNPL offerings. It continued:

Latitude Group is experiencing good organic volume growth, is profitable and well capitalised to execute on a number of opportunities ahead.

The company’s positive outlook came after Humm chair Christine Christian said the Humm consumer finance leg hadn’t turned a profit in 2022 before the deal was scrapped.

Christian cited “intense competition, rising interest rates, and weakening consumer sentiment” as the root causes of the segment’s struggles.

The fallout of the deal’s abandonment appears to have caused plenty of drama in Humm’s camp. All but one member of the company’s board vowed to walk this week. Meanwhile, all has been quiet with Latitude.

The Latitude share price traded flat on the day the deal was cancelled. It later tumbled nearly 23% between the end of last week and Thursday’s close.

Today’s rebound sees it now only around 8.5% lower than it was at the end of last Friday’s session.

The post Latitude share price launches 19% in first major gain since scrapped Humm deal appeared first on The Motley Fool Australia.

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More reading

• 3 ASX All Ordinaries shares going gangbusters on Friday
• Latitude share price lifts on cancelled Humm deal
• Humm share price sinks 11% following termination of $250m BNPL sale to Latitude
• ‘A dud deal’: Why is the Humm share price falling on Thursday?

Motley Fool contributor Brooke Cooper 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 recommended Humm 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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The S&P/ASX 200 Index (ASX: XJO) is giving investors a rather pleasant end to the trading week so far this Friday. At the time of writing, the ASX 200 is up a decent 0.36% at around 6,550 points. But it’s been a far more pleasing day for one of the ASX 200’s newest members – the BrainChip Holdings Ltd (ASX: BRN) share price.

BrainChip shares are finishing their first week on the ASX 200 today after the artificial intelligence company officially joined the index on Monday. And what an end to the week it has been so far. BrainChip shares are presently up a pleasing 4.6% at 91 cents a share.

So why are BrainChip shares rising so enthusiastically today?

Why is the BrainChip share price rocketing almost 5% today?

Well, it’s worth noting that this move comes after a tough few days for the company, share price wise. Although BrainChip is booming today, the company was heavily sold off for most of the week. It reached 88 cents a share yesterday after falling more than 5% since Monday. Even after today’s rebound, BrainChip remains down by more than 21% over the past month alone.

So perhaps investors have just decided that this company got too cheap to ignore yesterday, and are flocking back today. But we also see similar moves across the ASX tech share space today, which could also explain Brainchip’s rise.

As we discussed earlier, ASX tech shares of many stripes are booming today. Take Block Inc (ASX: SQ2). This company’s shares are up more than 10% today. Or Life360 Inc (ASX: 360), up almost 18%. Xero Limited (ASX: XRO) is up almost 5%, while WiseTech Global Ltd (ASX: WTC) has zoomed 6% higher.

So it’s also possible that BrainChip shares have just been caught in this ASX tech share updraft that we are seeing.

Whatever the reason, it sure has been a good day for BrainChip shareholders so far.

At the current BrainChip share price, this ASX tech share has a market capitalisation of $1.56 billion.

The post Why is the BrainChip share price gaining 5% on Friday? appeared first on The Motley Fool Australia.

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More reading

• How has the BrainChip share price performed since joining the ASX 200?
• Why did the BrainChip share price spike 7% this morning?
• 5 things to watch on the ASX 200 on Monday
• 3 ASX All Ordinaries shares that leapt more than 10% on Thursday
• BrainChip share price surges 11% as ASX tech stocks rally on Thursday

Motley Fool contributor Sebastian Bowen 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 Block, Inc., Life360, Inc., WiseTech Global, and Xero. The Motley Fool Australia has positions in and has recommended Block, Inc., WiseTech Global, and Xero. 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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It’s no secret that ASX 200 mining shares have been strong this year alongside rising commodity prices.

When ASX investors think of mining, the ‘Big Australian’ — BHP Group Ltd (ASX: BHP) — probably comes to mind first. But that’s just history talking. Australia has a broad commodity mix to offer the world, and two of the hottest mining industries right now are rare earths and lithium.

Australian rare earths are in demand because China is, by far, the world’s biggest supplier. But China’s increasing aggression towards the West means plenty of governments around the world want to buy from other countries now. Luckily, Australia is the world’s second-biggest supplier.

Rare earths are used to make smartphones, wind turbines, aircraft engines, and hybrid cars. One of the ASX 200 mining shares benefitting from current high demand is Lynas Rare Earths (ASX: LYC).

In an interview with Livewire, Tom Richardson from Paradice Investment Management says Lynas is a buy. He argues it’s a great company to leverage the global energy transition.

Richardson said:

It’s rare earths, NDPR, goes into high-strength magnets, which is absolutely required for EVs and wind turbines, so it’s absolutely an enabler of the energy transition.

Lynas is the best-placed company in the world, in our opinion. It has the best asset.

China completely dominates the supply chain, and everyone’s trying to work out how they can unpick that. And they’re in the predominant position and we think the commodity price probably goes higher over the next three years.

Richardson is also backing global lithium producer Allkem Ltd (ASX: AKE).

Lithium is a key component in the batteries that make electric vehicles (EV) run. The burgeoning EV industry is one of the reasons why ASX lithium shares have been so popular over the past couple of years.

So, Richardson also rates this ASX 200 mining share a buy:

It’s a buy, absolutely. China is still the biggest buyer in the market, and it looks as though their battery production actually is inflecting up.

And there’s a lot of short interest in all these names. They might get caught by the demand strength in China. And maybe prices even go higher, not lower like people are expecting.

Luke Smith from Ausbil Investment Management also says Allkem is a buy:

We strongly disagree with the negative view around lithium. We’ve seen pricing strength, and demand backdrop is extremely strong and strengthening. Allkem, three growth assets, puts it on par with the majors.

The post Guess which ASX 200 mining shares these experts are backing appeared first on The Motley Fool Australia.

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More reading

• Here’s why analysts rate these ASX 200 mining shares as buys
• Could ASX lithium shares be set for a boost?
• How is the Lynas share price performing against its sector this month?
• Why has the Allkem share price tumbled 30% from its May all-time high?
• Leading brokers name 3 ASX shares to buy today

Motley Fool contributor Bronwyn Allen has positions in Allkem Limited. 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.

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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:

CSL Limited (ASX: CSL)

According to a note out of Citi, its analysts have retained their buy rating but trimmed their price target on this biotherapeutics giant’s shares to $330.00. Citi notes that there have been several data points influencing its view on the plasma industry. The good news is that the data is positive, with plasma product demand strong and plasma collections now back to pre-pandemic levels. The CSL share price is trading at $270.72 on Friday.

Lovisa Holdings Ltd (ASX: LOV)

A note out of UBS reveals that its analysts have retained their buy rating but cut their price target on this fashion jewellery retailer’s shares to $16.00. While UBS has concerns about consumer spending in the discretionary category and has downgraded its sales and earnings estimates, it still expects solid earnings growth from Lovisa in the coming years. In light of this, it sees its shares as good value following recent weakness. The Lovisa share price is fetching $13.88 today.

Pilbara Minerals Ltd (ASX: PLS)

Analysts at Macquarie have retained their outperform rating and $3.90 price target on this lithium miner’s shares. This follows news that Pilbara Minerals has already received and accepted a record bid for its lithium cargo before the June auction. Outside this, the broker believes the market is valuing the company as though lithium prices will fall by over two-thirds from current spot prices. Whereas it is expecting prices to remain stronger for longer. The Pilbara Minerals share price is trading at $2.19 this afternoon.

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

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More reading

• ASX 200 midday update: Qantas’ market update, lithium shares rebound
• Here are the 3 most heavily traded ASX 200 shares on Thursday
• ASX 200 midday update: Pilbara Minerals’ lithium price update, BHP tumbles
• Pilbara Minerals share price storms higher amid ‘unprecedented demand’ for lithium
• Why did the CSL share price beat the ASX 200 on Wednesday?

Citigroup is an advertising partner of The Ascent, a Motley Fool company. 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 CSL Ltd. The Motley Fool Australia has recommended Lovisa Holdings Ltd and Macquarie 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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