Leading brokers name 3 ASX shares to buy today

Brokers are recommending these tech shares this week…
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:

Airtasker Ltd (ASX: ART)

According to a note out of Morgans, its analysts have upgraded this outsourcing marketplace provider’s shares to an add rating with an improved price target of $1.29. The broker has been pleased with the company’s performance in the UK and US markets. It also notes that the company has just announced the acquisition of the US-based Zaarly business. This provides Airtasker with established operations in two US cities. The Airtasker share price is trading at $1.17 today.

Megaport Ltd (ASX: MP1)

A note out of UBS reveals that its analysts have retained their buy rating and $17.10 price target on this network as a service provider’s shares. According to the note, the broker is pleased with the progress the company is making with its SD-WAN partnerships. Outside this, UBS has previously spoken about its belief that Megaport is well-placed to benefit from the long-term structural story of the shift to cloud. The Megaport share price is fetching $15.24.

Sezzle Inc (ASX: SZL)

Analysts at Ord Minnett have retained their buy rating and $11.90 price target on this buy now pay later (BNPL) provider’s shares. This follows news that Sezzle has signed a three-year deal with US retail giant Target. The broker believes this is a game changer for the company and has updated its forecasts to reflect this. It suspects Sezzle could reach 1.25% of Target’s volumes in beauty, fashion and apparel in FY 2022. The Sezzle share price is trading at $9.01 on Monday afternoon.

The post Leading brokers name 3 ASX shares to buy today 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 May 24th 2021

More reading

These are the 10 most shorted shares on the ASX

Why Appen, Ramelius, Reject Shop, & Sezzle shares are sinking

Why the Sezzle share price has rocketed 18% this week

ASX 200 hits another record, Sezzle flies, Wesfarmers falls

Sezzle (ASX:SZL) share price jumps 26% on Target deal

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 MEGAPORT FPO. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Airtasker Limited and Sezzle Inc. The Motley Fool Australia has recommended MEGAPORT FPO and Sezzle Inc. 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!