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:

A2 Milk Company Ltd (ASX: A2M)

According to a note out of Citi, its analysts have retained their buy rating and $7.20 price target on this infant formula company’s shares. While the broker suspects that there could be more bad news looming, it also believes that any further share price weakness could potentially result in a takeover approach. Citi has also spoken positively recently about a2 Milk’s inventory repositioning and the strength of the brand in China. The A2 Milk share price is fetching $5.97 this afternoon.

Baby Bunting Group Ltd (ASX: BBN)

A note out of Morgan Stanley reveals that its analysts have retained their overweight rating and $6.90 price target on this baby products retailer’s shares. The broker believes that the recent weakness in the Baby Bunting share price is a buying opportunity. This is due to its leadership position in the category and strong demand from consumers for its offering despite the pandemic. It expects a solid update at next week’s annual general meeting. The Baby Bunting share price is trading at $5.49 today.

Domino’s Pizza Enterprises Ltd (ASX: DMP)

Another note out of Citi reveals that its analysts have retained their buy rating and $159.05 price target on this pizza chain operator’s shares. According to the note, the broker has been speaking to industry participants in France and was pleased with what it heard. Overall, the broker believes the French market is a key one for the company and feels positive on its growth plans there. The Domino’s share price is fetching $153.23 this afternoon.

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

2 hot ASX growth shares that this income fund manager favours

Why CSL, Domino’s, Temple & Webster, & Xero shares are tumbling

Domino’s (ASX:DMP) share price slips amid management restructure
Here’s why the A2 Milk (ASX:A2M) share price is rising again today
ASX 200 (ASX:XJO) midday update: Beach shares jump, a2 Milk rises

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 A2 Milk, Baby Bunting, and Dominos Pizza Enterprises 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!