It has been another busy week for many of Australia's top brokers. This has led to the release of a number of broker notes.
Three broker buy ratings that you might want to know more about are summarised below. Here's why brokers think these ASX shares are in the buy zone right now:
According to a note out of Ord Minnett, its analysts have upgraded this baby products retailer's shares to a buy rating with a $2.15 price target. It made the move partly on valuation grounds following a period of share price weakness. In addition, Ord Minnett was pleased with Baby Bunting's trading update this week and highlights its strong sales performance and margin improvements. It was also happy to see that management narrowed its profit guidance range upwards for FY 2025 and expects it to build on this next year with further strong profit growth. The Baby Bunting share price is trading at $1.73 on Friday.
A note out of Morgans reveals that its analysts have retained their add rating on this small business lender's shares with a reduced price target of $1.75. This follows the release of a trading update this week which saw Judo Capital downgrade its guidance. While Morgans was disappointed with the update and has downgraded its earnings estimates accordingly, it remains positive. Particularly given how management continues to forecast strong earnings growth in FY 2026. Morgans believes this trend will continue in FY 2027, with further strong growth. As a result, it feels that its shares are good value following a sharp pullback in its share price this week. The Judo Capital share price is fetching $1.45 at the time of writing.
Analysts at Goldman Sachs have retained their buy rating on this supermarket giant's shares with an improved price target of $36.50. According to the note, the broker was pleased with Woolworths' performance during the third quarter. It highlights that Woolworths' sales were largely in line with estimates. Total Australia Food sales were up 3.6%, which was ahead of industry growth rates for the period. Outside this, the broker expects a strong recovery in both sales and earnings in FY 2026. It is forecasting group sales growth of 4% and EBIT growth of 20% for the next financial year. In light of this, it thinks the company's shares are good value at current levels. The Woolworths share price is trading at $32.73 on Friday afternoon.
The post Brokers name 3 ASX shares to buy today appeared first on The Motley Fool Australia.
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 positions in and has recommended Goldman Sachs Group. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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