If you're new to investing and looking for top Australian shares to add to a portfolio, the ASX has plenty of great options.
Below are three top stocks that could be solid buys for 2025, offering sizeable upside potential and expert backing from analysts. Here's what you need to know about them:
The first top Australian share to consider buying is HMC Capital, which is a high-conviction alternative asset manager.
It invests in scalable real asset strategies on behalf of individuals, institutions, and super funds, making it a key player in Australia's growing investment management industry.
Bell Potter sees significant value in HMC Capital shares following a recent price pullback. It recently upgraded its shares to a buy rating.
This upgrade was based on its belief "the share price pullback provides an attractive entry point as the platform is reaching a scale and breadth sweet spot juncture, which could see fee-earning capability increase further yet. It also points out that it "screens inexpensively vs. key global alternative asset managers and real estate fund manager peers."
Bell Potter has put a buy rating on HMC Capital shares with a $13.50 price target. This implies potential upside of 40% for investors.
Another top Australian share worth considering is Life360. This fast-growing tech company provides family safety and location tracking services through its widely used mobile app.
The company's popularity continues to grow, with its recently third-quarter update revealing a 32% year-on-year increase in monthly active users, reaching approximately 76.9 million. This growth led to a 30% rise in Annualised Monthly Revenue (AMR) to US$336.2 million.
Bell Potter believes Life360 has further growth ahead and expects strong revenue and earnings expansion in the coming years.
Due to its positive outlook, the broker recently put a buy rating and $27.75 price target on its shares. This suggests that upside of 16% is possible from current levels.
WiseTech Global is a third top Australian share that could be a great buy for beginners in 2025.
It is a global leader in logistics software, providing essential supply chain solutions through its flagship product, CargoWise. With operations in over 180 countries, WiseTech has built a strong presence in the logistics industry.
The digitisation of logistics is still in its early stages, and WiseTech is well-positioned to capitalise on this trend. Particularly given how its global expansion and continued investment in innovation could drive significant long-term growth.
Morgan Stanley is positive on the company's outlook. So much so, it recently put an overweight rating and $160.00 price target on its shares. This implies potential upside of 30% for investors.
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