Brokers name 3 ASX shares to buy today

MotleyFool
02-07

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:

Beach Energy Ltd (ASX: BPT)

According to a note out of Bell Potter, its analysts have retained their buy rating on this energy producer's shares with an improved price target of $1.70. The broker was pleased with Beach Energy's performance during the first half and is feeling positive about its outlook. It highlights that Waitsia Stage 2 is expected to ramp up from the middle of 2025 and the new Otway well connections should offset the Western Flank decline. Furthermore, it highlights that capital expenditure is now trending lower and production growth will see earnings and free cash flow lift from FY 2026. The Beach Energy share price is trading at $1.36 on Friday morning.

BlueScope Steel Limited (ASX: BSL)

A note out of Goldman Sachs reveals that its analysts have retained their buy rating and $26.70 price target on this steel producer's shares. Goldman believes that the first half of FY 2025 will see BlueScope report a trough in its earnings due to low Asian steel spreads impacting its Australian steel earnings. However, it feels it is onwards and upwards from here. As a result, the broker feels that now is a good time to invest. Especially given its compelling valuation and strong balance sheet. The former sees BlueScope trading at just 0.7x net asset value. The BlueScope share price is fetching $21.49 at the time of writing.

News Corporation (ASX: NWS)

Another note out of Goldman Sachs reveals that its analysts have retained their buy rating on this media giant's shares with an improved price target of $61.00. This follows the release of a quarterly update that the broker felt was very strong. It highlights that all segments delivered results ahead of its expectations during the half. Goldman also points out that the Dow Jones business' EBITDA growth looks set to accelerate in the second half thanks to stronger circulation and subscription trends as promotional offers roll-off. All in all, the broker believes that News Corp is well-placed for growth and sees value in its shares at current levels. The News Corp share price is trading at $54.25 on Friday.

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10