Insights

Top brokers name 3 ASX shares to buy today

Brokers have been running the ruler over these ASX shares…
The post Top brokers name 3 ASX shares to buy today appeared first on The Motley Fool Australia. –

Many of Australia’s top brokers have been busy adjusting their financial models again, leading to the release of a large number of broker notes this week.

Three broker buy ratings that have caught my eye are summarised below. Here’s why brokers think these ASX shares are in the buy zone:

Altium Limited (ASX: ALU)

According to a note out of Citi, its analysts have retained their buy rating and $33.50 price target on this electronic design software provider’s shares. The broker notes that Altium has been lifting its prices on perpetual licences but not on its subscriptions. It believes this is a sign that the company is aiming to shift customers to subscriptions, which it feels is a positive move. In the meantime, it also expects the company to benefit from the customers paying more to stick with perpetual licences. The Altium share price is fetching $27.91 today.

Healius Ltd (ASX: HLS)

A note out of Credit Suisse reveals that its analysts have retained their outperform rating and lifted their price target on this healthcare company’s shares to $4.45. According to the note, the broker believes Healius is benefiting greatly from strong COVID-19 testing volumes. Particularly given the recent lockdown in Victoria. This has led to the broker upgrading its earnings estimates for FY 2021 and FY 2022. The Healius share price is trading at $4.34 today.

Sonic Healthcare Limited (ASX: SHL)

Analysts at Morgan Stanley have retained their overweight rating and $38.60 price target on this healthcare company’s shares. According to the note, industry data is pointing to robust demand for its services in the second half. This is positioning it to deliver a strong full year result in FY 2021. And looking ahead, the broker is expecting the company to grow its earnings by a CAGR of 11% through to FY 2023. In light of this, it feels its valuation is attractive in comparison to other healthcare shares. Especially given its dividend yield and strong balance sheet. The Sonic share price is trading at $34.76 today.

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

Why BHP, Healius, Inghams, & Santos are charging higher

The Altium (ASX:ALU) share price makes a comeback in May
2 still-cheap ASX shares we’ve made buckets of money from: analyst

2 quality ASX dividend shares

Are Altium (ASX:ALU) shares a buy right now?

The post Top 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!