The share market is a sea of red on Tuesday after a tariff-fuelled selloff on Wall Street overnight spooked Aussie investors.

But rather than panic about the selling, investors might want to consider taking advantage by loading up on some quality stocks that have been caught up in the selloff.

Let's take a look at two top ASX stocks that could be buys:

Life360 Inc. (ASX: 360)

This location technology company could a top ASX stock to buy following the market selloff.

At the time of writing, the Life360 share price is down 6% to $21.98.

Goldman Sachs is likely to see this as a compelling buying opportunity. At the end of last week, the broker put a buy rating and $27.00 price target on its shares. This implies potential upside of 23% for investors.

Commenting on its buy recommendation, the broker said:

We estimate Life360 is exposed to a US$12bn global TAM with a large opportunity to expand its product suite, grow average revenue per paying circle (ARPPC), increase payer conversion, and lift penetration rates outside of the US. The company has demonstrated its pricing power and is now exploring the latent monetisation opportunity of its >60mn user base via advertising

Life360's Subscription business currently trades at a discount to global subscription app peers when adjusting for its superior growth outlook. We see scope for re-rating as Life360 demonstrates operating leverage, ongoing subscription growth and user monetisation via ads. We are Buy rated on Life360.

Light & Wonder Inc (ASX: LNW)

The team at Bell Potter is tipping this gaming technology company as a top ASX stock to buy now.

The Light & Wonder share price is down 2.5% to $176.00 on Tuesday morning.

Bell Potter has a buy rating and $205.00 price target on its shares. This suggests that upside of 16.5% is possible for investors from current levels.

The broker highlights that despite rising strongly year to date, its shares are still trading at a sizeable discount to its main rival. Bell Potter explains:

Our Buy rating is predicated on LNW's cross-platform strategy and leading scale producing a portfolio of high-performing games in both land-based and digital markets. We continue to expect improvement in product quality to strengthen LNW's competitive advantage, supporting market share gains. In addition, at 12.3x NTM EV/EBIT(A), LNW trades at a ~37% discount to close comp ALL.