Brokers are recommending these tech shares this week…
The post Leading brokers name 3 ASX shares to buy today appeared first on The Motley Fool Australia. –
With so many shares to choose from on the ASX, it can be hard to decide which ones to buy. The good news is that brokers across the country are doing a lot of the hard work for you.
Three top ASX shares that leading brokers have named as buys this week are listed below. Here’s why they are bullish on them:
Airtasker Ltd (ASX: ART)
According to a note out of Morgans, its analysts have upgraded this outsourcing marketplace provider’s shares to an add rating with an improved price target of $1.29. The broker has been pleased with the company’s performance in the UK and US markets. It also notes that the company has just announced the acquisition of the US-based Zaarly business. This provides Airtasker with established operations in two US cities. The Airtasker share price is trading at $1.17 today.
Megaport Ltd (ASX: MP1)
A note out of UBS reveals that its analysts have retained their buy rating and $17.10 price target on this network as a service provider’s shares. According to the note, the broker is pleased with the progress the company is making with its SD-WAN partnerships. Outside this, UBS has previously spoken about its belief that Megaport is well-placed to benefit from the long-term structural story of the shift to cloud. The Megaport share price is fetching $15.24.
Sezzle Inc (ASX: SZL)
Analysts at Ord Minnett have retained their buy rating and $11.90 price target on this buy now pay later (BNPL) provider’s shares. This follows news that Sezzle has signed a three-year deal with US retail giant Target. The broker believes this is a game changer for the company and has updated its forecasts to reflect this. It suspects Sezzle could reach 1.25% of Target’s volumes in beauty, fashion and apparel in FY 2022. The Sezzle share price is trading at $9.01 on Monday afternoon.
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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 MEGAPORT FPO. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Airtasker Limited and Sezzle Inc. The Motley Fool Australia has recommended MEGAPORT FPO and Sezzle Inc. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.