Insights

Leading brokers name 3 ASX shares to buy today

Here’s why brokers rate these ASX shares as buys…
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 leading brokers have named as buys this week are listed below. Here’s why they are bullish on them:

News Corporation (ASX: NWS)

According to a note out of Goldman Sachs, its analysts have retained their buy rating and increased their price target on this media giant’s shares to $45.20. This follows the release of News Corp’s first quarter update, which the broker described as “high quality”. Goldman also notes that management’s outlook for the remainder of FY 2022 was positive. This gives the broker confidence that the company will achieve its full year EBITDA estimate of US$1.6 billion, which represents 21% year on year growth. The News Corp share price is trading at $33.01 today.

REA Group Limited (ASX: REA)

A note out of Macquarie reveals that its analysts have retained their outperform rating and lifted their price target on this property listings company’s shares to $192. The broker made the move following the release of a strong first quarter update from REA Group. Its analysts were pleased with the company’s performance and particularly the strong ad yield growth. The REA Group share price is fetching $170.03 on Monday.

Sonic Healthcare Limited (ASX: SHL)

Analysts at Morgan Stanley have retained their overweight rating and lifted their price target on this healthcare company’s shares to $46.10. According to the note, the broker has upgraded its earnings estimates to reflect robust COVID-19 testing volumes. Morgan Stanley notes that global testing data reveals that demand remains strong and it expects Sonic to be benefiting greatly. The Sonic share price is trading at $39.76 on Monday afternoon.

The post Leading brokers name 3 ASX shares to buy today appeared first on The Motley Fool Australia.

Should you invest $1,000 in Sonic right now?

Before you consider Sonic, you’ll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Sonic wasn’t one of them.

The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

*Returns as of August 16th 2021

More reading

Top broker gives its verdict on the REA (ASX:REA) share price

5 things to watch on the ASX 200 on Monday

These were the best performing ASX 200 shares last week

News Corp (ASX:NWS) share price rallies 8% on market-moving quarterly

Why Jumbo, Link, News Corp, and REA shares are storming higher

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 no position in any of the stocks mentioned. The Motley Fool Australia has recommended REA Group Limited and Sonic Healthcare Limited. 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!