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3 excellent ASX share ideas for investors this week

Here are three top ASX share ideas…
The post 3 excellent ASX share ideas for investors this week appeared first on The Motley Fool Australia. –

Investors looking for ASX shares to buy this week may want to look at the ones listed below.

Here’s why these ASX shares could be good additions to your portfolio:

Breville Group Ltd (ASX: BRG)

The first ASX share to look at is Breville. It is the leading appliance manufacturer behind a number of popular brands. In FY 2021, Breville was on form and reported a 24.7% increase in revenue to $1,187.7 million and a 39.6% jump in earnings before interest and tax (EBIT) to $136.4 million. The latter was ahead of management’s upgraded EBIT guidance of $136 million.

In response to its results, UBS retained its buy rating and $35.70 price target on its shares. Its analysts appear confident its solid growth can continue for some time to come. This is thanks partly to its global expansion.

Pushpay Holdings Group Ltd (ASX: PPH)

Another ASX share to look at is this leading donor management and community engagement platform provider to the faith sector. It has been growing its operating revenue at a strong rate in recent years thanks to a combination of organic growth and the benefits of acquisitions. The latter has continued in FY 2022 with Pushpay recently announcing the US$150 million acquisition of Resi Media. Management expects the strategically compelling acquisition of a market-leading faith-focused streaming platform to broaden Pushpay’s core product offering.

Jarden currently has a buy rating and NZ$2.10 (A$2.03) price target on the company’s shares.

Temple & Webster Group Ltd (ASX: TPW)

A final ASX share to look at is this online furniture and homewares retailer. Temple & Webster has also been growing at a quick rate in recent years. The catalyst for this has been the structural shift to online shopping and its strong market position. For example, last month Temple & Webster released its full year results and revealed an 85% increase in revenue to $326.3 million and a 141% jump in EBITDA to $20.5 million. The good news is the shift online is still only in its infancy, particularly for this category in Australia. This bodes well for its future growth.

Morgan Stanley is positive on the company. It currently has an overweight rating and $16.00 price target on its shares.

The post 3 excellent ASX share ideas for investors this week appeared first on The Motley Fool Australia.

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More reading

These 8 ASX shares are going ex-dividend this week

2 ASX shares that may be worth looking at this weekend

2 fast-growing ASX shares named as buys

How have ASX retail shares performed during the August 2021 earnings season?

The Temple & Webster (ASX:TPW) share price is having a bad week but is up 3% today

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. owns shares of and has recommended PUSHPAY FPO NZX and Temple & Webster Group Ltd. The Motley Fool Australia owns shares of and has recommended PUSHPAY FPO NZX. The Motley Fool Australia has recommended Temple & Webster Group Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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