With so many shares to choose from on the Australian share market, it can be difficult 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:
According to a note out of Morgans, its analysts have retained their add rating on this corporate travel booker's shares with a reduced price target of $16.05. This follows the release of a softer than expected quarterly update last week. Morgans notes that this was driven by trade tariffs and macroeconomic uncertainty. While this means that Corporate Travel Management is going to fall short of its guidance in FY 2025, it isn't all bad news. The good news is that new client wins means that FY 2026 should be a strong year of earnings growth for the company. It also highlights that management is aiming to double its earnings by FY 2029. The Corporate Travel Management share price is trading at $11.55 today.
A note out of Goldman Sachs reveals that its analysts have retained their buy rating and $27.00 price target on this location technology company's shares. Goldman is feeling confident ahead of the release of the company's first quarter update later this month. As a result, it sees its valuation at ~44x FY 2025 EV/FCF (versus ~50x Australian peers) as attractive heading into the result. Goldman also highlights that Life360 remains in the early stages of its multi-year user monetisation opportunity. It expects continued growth to be supported by both US/International subscriptions, expansion of new channels, and the utilisation of additional hardware products to drive subscriptions. The Life360 share price is fetching $22.52 at the time of writing.
Analysts at Bell Potter have retained their buy rating on this nickel producer's shares with an improved price target of $1.51. According to the note, the company's production was a touch short of expectations, but its costs were much lower than forecast. Bell Potter believes this highlights the high margins of these assets. This ultimately saw Nickel Industries deliver EBITDA comfortably ahead of estimates for the period. It believes this positive trend can continue, making it an attractive buy given its undemanding valuation. The Nickel Industries share price is trading at 60.2 cents this afternoon.
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