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Brokers name 2 top ASX shares to buy now

Here are two ASX shares that could be buys…
The post Brokers name 2 top ASX shares to buy now appeared first on The Motley Fool Australia. –

The Australian share market is home to a large number of high quality companies with strong long term growth potential.

In order to narrow things down, I’ve picked out two ASX shares that are highly rated by experts. Here’s what you need to know about these ASX shares:

IDP Education Ltd (ASX: IEL)

The first ASX share to look at is IDP Education. It is a provider of international student placement and English language testing services.

After a couple of tough years because of the pandemic, business is booming again for IDP. It delivered very strong profit growth during the first half of FY 2022 and more of the same is expected for the full year.

But its growth isn’t expected to stop there. The team at Goldman Sachs “see a compelling long-term growth opportunity with a number of drivers.” These include structural growth in multi-destination student placement markets, its strong digital capabilities, and potential bolt-on acquisitions.

In light of its positive view, Goldman Sachs has put a buy rating and $35.50 price target on its shares.

WiseTech Global Ltd (ASX: WTC)

Another ASX share for investors to consider is this logistics solutions technology company.

WiseTech is the company behind the popular CargoWise One solution. This platform allows users to execute complex logistics transactions and manage freight operations from a single, easy to use platform.

Demand has been growing strongly over the last decade, underpinning stellar sales and profit growth. Pleasingly, this trend has continued in FY 2022 with the company recently upgrading its full year guidance.

The team at Ord Minnett appear confident there’s still plenty more to come from the company. Its analysts recently put a buy rating and $50.50 price target on its shares.

The post Brokers name 2 top ASX shares to buy now appeared first on The Motley Fool Australia.

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More reading

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Why Allegiance Coal, Hub24, Suncorp, and WiseTech shares are dropping

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 Idp Education Pty Ltd and WiseTech Global. The Motley Fool Australia has positions in and has recommended WiseTech Global. 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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