5 fantastic ASX shares to buy right now

Here are five highly rated ASX shares…
The post 5 fantastic ASX shares to buy right now appeared first on The Motley Fool Australia. –

There are a large number of ASX shares to choose from on the Australian share market.

Five that come highly rated are listed below. Here’s why these ASX shares are being tipped as buys:

Bapcor Ltd (ASX: BAP)

The first ASX share to consider is Bapcor. It is the Asia Pacific region’s leading provider of vehicle parts, accessories, equipment, service and solutions. While the name may not be familiar to all, its brands are likely to be. Bapcor is the name behind a number of retail brands including Autobarn, Burson Auto Parts and Midas. It has been tipped for solid growth over the long term thanks largely to its expansion plans.

Citi is bullish on Bapcor and has a buy rating and $8.75 price target on its shares.

Healius Ltd (ASX: HLS)

Another ASX share to look at is Healius. It is one of Australia’s largest pathology and diagnostic imaging providers offering services. Thanks largely to elevated demand for COVID-19 testing, it is poised to deliver another very strong result in FY 2022. For example, during the first quarter, Healius reported a 43.7% increase in group quarterly revenue over the prior corresponding period to $689.9 million.

This went down well with the team at Macquarie. The broker has an outperform rating and $5.65 price target on its shares. It also expects a dividend yield of close to 5% in FY 2022.

Life360 Inc (ASX: 360)

Another share to look at is Life360. With its eponymous Life360 app, the company operates in the digital consumer subscription services market. It has a focus on products and services for digitally native families, where all members of the household are connected by smartphones. A whopping 33.8 million monthly active users are using its app, which is underpinning stellar recurring revenue growth. The company also has significant opportunities to monetise its user base further in the future.

Morgan Stanley is bullish on Life360. Last week it retained its overweight rating and lifted its price target to $14.20.

SEEK Limited (ASX: SEK)

This job listings company could be an ASX share to buy. SEEK was hit hard by the pandemic but bounced back very strongly in FY 2021. It delivered a 1% increase in revenue to $1,591 million and a 58% jump in net profit after tax (excluding significant items) to $141 million. Pleasingly, more of the same is expected in the coming years as the Australian economy recovers from COVID-19.

Macquarie is a fan and has an outperform rating and $37.00 price target on its shares.

Temple & Webster Group Ltd (ASX: TPW)

A final ASX share to look at is this online furniture and homewares retailer. It appears well-placed for growth over the long term thanks to the ongoing structural shift online, which is only really getting start. For example, management estimates that just 7% to 9% of category sales were made online in 2020. This is significantly lower than the US, which has ~25% of category sales online. This bodes well for Temple & Webster given its leadership position online.

Morgan Stanley currently has an overweight rating and $16.00 price target on Temple & Webster’s shares.

The post 5 fantastic ASX shares to buy right now appeared first on The Motley Fool Australia.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of August 16th 2021

More reading

3 buy-rated ASX shares with strong growth potential

2 buy-rated ASX shares with growing dividends

Why Chalice Mining, Life360, Kogan, and NAB shares are storming higher

2 blue chip ASX 200 shares analysts love

Why Brainchip, Chalice, Life360, and PointsBet shares are surging higher

Motley Fool contributor James Mickleboro owns shares of SEEK Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Life360, Inc. and Temple & Webster Group Ltd. The Motley Fool Australia owns shares of and has recommended Bapcor. The Motley Fool Australia has recommended SEEK Limited and 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.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;

To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.

An active and funded account with a positive trading balance is required to continue to have access to the tools;

Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;

Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!