It was another busy week for 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:

Liontown Resources Ltd (ASX: LTR)

According to a note out of Bell Potter, its analysts have retained their speculative buy rating and $1.40 price target on this lithium miner's shares. This followed the release of the company's second quarter update last week. Bell Potter notes that Liontown's quarterly spodumene concentrate production of 89kt and revenue of $90 million was well ahead of its estimates. It was expecting 62kt and $63 million, respectively, for the three months. In light of this, the broker remains positive on Liontown and believes its shares are dirt cheap at current levels. It also highlights that the 100% owned Kathleen Valley lithium project is highly strategic and in a tier one mining jurisdiction. The Liontown share price ended the week at 67 cents.

Web Travel Group Ltd (ASX: WEB)

A note out of Shaw and Partners reveals that its analysts have retained their buy rating on this hotel technology company's shares with an improved price target of $6.70. Shaw and Partners notes that rival Hotelbeds is listing on the stock market in Europe after being floated by its private equity owner. This is interesting because the broker has previously suggested that Web Travel could become a takeover target due to its current depressed valuation. Especially given that WebBeds is expected to grow at a quicker rate than Hotelbeds in the coming years. The Web Travel share price was fetching $4.99 at Friday's close.

Woolworths Group Ltd (ASX: WOW)

Analysts at Goldman Sachs have retained their buy rating and $36.10 price target on this supermarket giant's shares. According to the note, Goldman is expecting Woolworths to deliver a first half result short of consensus estimates in February. Nevertheless, it believes investors should be snapping up its shares while they are down in the dumps. Especially given that they are trading on an estimated FY 2026 P/E of just ~20x. This is one standard deviation below its historical average according to Goldman. Outside this, the broker highlights that it expects a recovery in market share and cost discipline and the scaling of retail media to drive a recovery in its Australian Food EBIT margin. The Woolworths share price ended the week at $29.96.