Insights

Leading brokers name 3 ASX shares to buy today

Leading brokers have named Afterpay Ltd (ASX:APT) and these ASX shares as buys this week. Here’s why they are bullish on them…
The post Leading brokers name 3 ASX shares to buy today appeared first on The Motley Fool Australia. –

With so many shares to choose from on the ASX, it can be hard to decide which ones to buy. The good news is that brokers across the country are doing a lot of the hard work for you.

Three top ASX shares that leading brokers have named as buys this week are listed below. Here’s why they are bullish on them:

Afterpay Ltd (ASX: APT)

According to a note out of Morgan Stanley, its analysts have retained their overweight rating and $149.00 price target on this payments company’s shares. This follows the conclusion of the Reserve Bank of Australia’s review of retail payments. The broker believes that the preliminary conclusions are positive for Afterpay and fellow buy now pay later providers. Particularly given that the central bank sees no reason to force companies to remove the no-surcharge rule at present. The Afterpay share price is fetching $95.12 today.

Corporate Travel Management Ltd (ASX: CTD)

A note out of Citi reveals that its analysts have initiated coverage on this corporate travel specialist’s shares with a buy rating and $23.65 price target. According to the note, the broker made the move due to a combination of its attractive valuation and its belief that Corporate Travel Management is facing the fewest headwinds among travel peers. It also suspects that its earnings will rebound quicker than its rivals due to its strong domestic business and its exposure to a recovering US market via recent acquisitions. The Corporate Travel Management share price is trading at $21.48 on Monday.

Telstra Corporation Ltd (ASX: TLS)

Another note out of Morgan Stanley reveals that its analysts have retained their overweight rating and $4.00 price target on this telco giant’s shares. The broker notes that rival Optus is focusing more on profits rather than subscriber growth. It sees this as a big positive for Telstra and notes that it supports its view that the Australian mobile market will soon experience prices increases. Morgan Stanley expects this to lead to improving ARPU in Telstra’s mobile business in the coming years. The Telstra share price is trading at $3.54 this morning.

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 May 24th 2021

More reading

How are the ASX WAAAX shares performing in 2021?

ASX 200 Weekly Wrap: ASX record highs tumble like… Costa shares

Wake up world, this tech sector is the future: analyst

2 quality ASX growth shares with heaps of potential

RBA delivers win for BNPL providers like Sezzle (ASX:SZL)

The post Leading brokers name 3 ASX shares to buy today 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!