Do you have $2,000 burning a hole in your pocket? If you do, it could be worth putting it to work in the share market.
After all, thanks to the power of compounding, this money could turn into substantially more in the future if you invest it wisely.
With that in mind, let's now take a look at two top Australian shares that could be great options for investors today according to analysts. They are as follows:
The first top Australian share that could be a great option for investors according to analysts is Lovisa.
It is a fashion-forward jewellery retailer that boasts of 150 new styles being delivered to stores each week.
Lovisa has been growing at a strong rate for years and Morgans believes that this trend could continue long into the future.
And while the broker concedes that Lovisa's "comparable store sales growth should have been better in FY24, it has continued to deliver and will, in our opinion, continue to do so in the years ahead." As a result, Morgans feels that Lovisa is on a "journey to becoming a truly global brand."
The broker currently has an add rating and $36.00 price target on its shares. This implies potential upside of 28% for investors over the next 12 months.
Another top Australian share that is being tipped as a buy by analysts right now is Web Travel Group. It is the business to business (B2B) travel company behind the growing WebBeds business.
WebBeds is a global online marketplace for the travel trade, an intermediary connecting hotels and other travel service suppliers to a distribution network.
Goldman Sachs believes that the company is well-positioned for long term growth. It notes that it has "confidence that WEB will be able to grow TTV in line with its FY25/30 targets of A$5bn/A$10bn respectively."
Its analysts add that they "believe WEB is well placed to continue to grow in key US/APAC growth markets, though expect revenue margin to lower towards ~6.3% over time as the company expands into lower margin US/APAC markets." In light of this, the broker feels that this top Australian share is "is trading below fair value, on our estimates.:
Goldman Sachs currently has a buy rating and $7.00 price target on its shares. This suggests that they could rise approximately 43% from current levels.
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