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:

Premier Investments Limited (ASX: PMV)

According to a note out of Macquarie, its analysts have retained their outperform rating and lifted their price target on this retail conglomerate’s shares to $33.00. The broker was pleased with Premier Investments’ performance in FY 2021. And while it expects earnings and margins to normalise in FY 2022, it still sees value in its shares. It also notes that the company’s decision to stock up on inventory looks well-timed due to supply chain headwinds that could impact its rivals. The Premier Investments share price ended the week at $30.28.

Redbubble Ltd (ASX: RBL)

A note out of Morgan Stanley reveals that its analysts have commenced coverage on this ecommerce company’s shares with an overweight rating and $6.50 price target. Morgan Stanley likes Redbubble due to its position as the largest print-on-demand marketplace globally with over 700,000 independent artists on its platform. The broker believes the company has a large addressable market and sees opportunities to monetise its growing user base. The Redbubble share price was trading notably lower than this price target at $4.52 at Friday’s close.

Qantas Airways Limited (ASX: QAN)

Analysts at Ord Minnett have retained their buy rating and lifted their price target on this airline operator’s shares to $6.50. According to the note, the broker believes that there is significant pent-up demand in the travel market. As a result, Ord Minnett expects Qantas to benefit once border reopen. Especially with Virgin Australia downsizing and seemingly conceding market share to Qantas. The Qantas share price ended the week at $5.59.

The post Top brokers name 3 ASX shares to buy next week appeared first on The Motley Fool Australia.

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

Before you consider Qantas, 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 Qantas 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

2 impressive ASX shares that could be buys in October 2021

International borders will reopen soon. Why is the Qantas (ASX:QAN) share price stalling?
Travel stocks soar. Hopes for a new COVID treatment. Evergrande drags on. Scott Phillips on Nine’s Late News

These are the 10 most shorted ASX shares

Redbubble (ASX:RBL) share price surges 7% following broker upgrade

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 Premier Investments 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!