Insights

Top brokers name 3 ASX shares to buy today

Brokers are feeling bullish about 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:

Accent Group Ltd (ASX: AX1)

According to a note out of Morgan Stanley, its analysts have upgraded this footwear retailer’s shares to an overweight rating with an improved price target of $2.60. The broker believes that Accent could open more stores than expected in FY 2022. Particularly given how 65 stores are already mostly signed and sealed. In addition to this, the broker sees opportunities for Accent to expand its Stylerunner brand overseas. The Accent share price is fetching $2.30 this afternoon.

IDP Education Ltd (ASX: IEL)

A note out of UBS reveals that its analysts have retained their buy rating and lifted their price target on this language testing company’s shares to $36.40. The broker believes the worst is behind the company after a tough year and remains positive on its growth outlook. Particularly given improving trading conditions in India and the vaccination rollout in Australia. The IDP Education share price is trading at $32.83 on Wednesday.

Pilbara Minerals Ltd (ASX: PLS)

Analysts at Macquarie have retained their outperform rating and $2.70 price target on this lithium miner’s shares. This follows the completion of its second online spodumene auction. Macquarie notes that Pilbara Minerals commanded a price significantly higher than it was forecasting. It believes this is a sign that positive price momentum is likely to continue. In light of this, it remains very positive on the company’s outlook. The Pilbara Minerals share price is fetching $2.44 on Wednesday.

The post Top 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 August 16th 2021

More reading

There are the 3 most traded ASX 200 shares so far today

Why Accent, Calix, Pilbara Minerals, & Starpharma shares are racing higher

Which ASX 300 shares are on the move mid-week?

Why the Accent (ASX:AX1) share price is surging 12% today
ASX 200 midday update: Pilbara Minerals jumps, bank shares fall

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 Idp Education Pty Ltd. The Motley Fool Australia has recommended Accent Group. 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!