Insights

Top brokers name 3 ASX shares to buy next week

Brokers are feeling positive about these ASX shares…
The post Top brokers name 3 ASX shares to buy next week appeared first on The Motley Fool Australia. –

Last week saw a number of broker notes hitting the wires once again. Three buy ratings that caught my eye are summarised below.

Here’s why brokers think investors ought to buy them next week:

Altium Limited (ASX: ALU)

According to a note out of Citi, its analysts have upgraded this electronic design software provider’s shares to a buy rating but trimmed their price target to $35.40. Citi believes the weakness in the Altium share price since its results release is a buying opportunity. The broker remains positive on Altium’s long term outlook and was pleased with its solid guidance for FY 2022. Particularly given how this comes at a time when the company is transitioning away from perpetual licenses. The Altium share price ended the week at $32.10.

Harvey Norman Holdings Limited (ASX: HVN)

Another note out of Citi reveals that its analysts have retained their buy rating and $6.00 price target on this retail giant’s shares. This follows the release of a full year result that was ahead of the broker’s expectations. And while Citi acknowledges that FY 2022 has started softly, it remains positive due to strong underlying demand for furniture and home goods from consumers. This is being underpinned by the favourable housing cycle. The Harvey Norman share price was fetching $5.22 at Friday’s close.

PointsBet Holdings Ltd (ASX: PBH)

Analysts at Goldman Sachs have retained their buy rating but trimmed their price target on this sports betting company’s shares to $14.75. This follows the release of a full year result that was largely in line with the broker’s expectations. Goldman remains positive on the future, noting that PointsBet has exposure to the burgeoning US sports betting and iGaming market. It believes the company is well-placed to achieve a 10% market share in states it US operates in. The PointsBet share price ended the week at $10.66.

The post Top brokers name 3 ASX shares to buy next week 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 August 16th 2021

More reading

Here’s a look at how ASX WAAAX shares compare on growth

These were the worst performing ASX 200 shares last week

Here are the top 10 ASX 200 shares on Thursday

Why Altium, Catapult, Dicker Data, & PolyNovo shares are charging higher

Top brokers name 3 ASX shares to sell today

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 Altium and Pointsbet Holdings Ltd. The Motley Fool Australia owns shares of and has recommended Altium. The Motley Fool Australia has recommended Harvey Norman Holdings Ltd. and Pointsbet Holdings Ltd. 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!