Insights

Brokers name 3 ASX shares to buy right now

Brokers have named CSL Limited (ASX:CSL) and these ASX shares as buys this week. Here’s why they are bullish on them…
The post Brokers name 3 ASX shares to buy right now appeared first on The Motley Fool Australia. –

Buy ASX shares

Australia’s top brokers have been busy adjusting their estimates and recommendations again, leading to the release of a number of broker notes.

Three broker buy ratings that have caught my eye are summarised below. Here’s why brokers think these ASX shares are in the buy zone:

Aristocrat Leisure Limited (ASX: ALL)

According to a note out of Morgan Stanley, its analysts have retained their overweight rating and $38.00 price target on this gaming technology company’s shares. The broker’s industry analysis appears to show that Aristocrat Leisure’s digital business is growing strongly. This is thanks largely to the success of its EverMerge and RAID games, which are generating strong revenues. The Aristocrat Leisure share price is trading at $34.50 on Friday afternoon.

CSL Limited (ASX: CSL)

Analysts at Morgans have upgraded this biotherapeutics giant’s shares to an add rating with a $301.10 price target. According to the note, the broker believes the recent weakness in the CSL share price has created a buying opportunity for investors. Especially given that the issues it is facing are temporary and not structural. In addition to this, while plasma collections remain tough, the broker appears optimistic that strong demand for flu vaccines will offset this. The CSL share price is fetching $253.07 on Friday.

Qantas Airways Limited (ASX: QAN)

A note out of Citi reveals that its analysts have upgraded this airline operator’s shares to a buy rating with an improved price target of $6.14. According to the note, Citi made the move following the government’s announcement of a major $1.2 billion stimulus package for the tourism sector. It expects Qantas to benefit from this development. In addition to this, Citi appears positive on Qantas’ cost cutting plans and feels it could support its shares if successful. The Qantas share price is trading at $5.29 this afternoon.

Where to 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 are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

See The 5 Stocks

*Returns as of February 15th 2021

More reading

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 CSL Ltd. 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 Bruce Jackson.

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

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!