Many of Australia's top brokers have been busy adjusting their financial models and recommendations again. This has led to the release of a number of broker notes this week.
Three ASX shares that brokers have named as buys this week are listed below. Here's why their analysts are feeling bullish on them right now:
Domino's Pizza Enterprises Ltd (ASX: DMP)
According to a note out of Goldman Sachs, its analysts have retained their buy rating on this pizza chain operator's shares with a slightly trimmed price target of $37.30. Goldman notes that Domino's reported half year results in-line with its pre-announcement on 7 February and in-line with its estimates. And while its second half trading so far has been softer, it notes that this was caused by the Lunar New Year being earlier this year. As a result, the broker remains positive and is forecasting an earnings per share compound annual growth rate of 19% between FY 2025 and FY 2027. In light of this, the broker thinks its shares are cheap at 18x estimated FY 2026 earnings. The Domino's share price is trading at $28.22 on Wednesday.
DroneShield Ltd (ASX: DRO)
A note out of Bell Potter reveals that its analysts have retained their buy rating and $1.10 price target on this counter drone technology company's shares. Bell Potter notes that Droneshield's full year result was largely as expected. As a result, its focus was more on the company's performance so far in FY 2025. It was pleased to see that it remains positive and well-ahead of the same period in FY 2024. Though, it acknowledges that contract awards have been somewhat lumpy. As a result, it feels it is still too early to determine to what level the strong early performance can be repeated throughout the year. The DroneShield share price is fetching 84.5 cents at the time of writing.
Woodside Energy Group Ltd (ASX: WDS)
Analysts at Morgans have retained their add rating on this energy giant's shares with a slightly improved price target of $30.25. According to the note, the broker was pleased with the company's performance in FY 2024, highlighting that profits were higher than expected. And while its net debt was also higher than expected, it isn't concerned by this. The broker remains positive on the company's outlook and sees significant value in its shares at current levels. The Woodside share price is changing hands for $24.92 on Wednesday afternoon.
The post Top brokers name 3 ASX shares to buy today appeared first on The Motley Fool Australia.
Motley Fool contributor James Mickleboro has positions in Domino's Pizza Enterprises and Woodside Energy Group. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Domino's Pizza Enterprises, DroneShield, and Goldman Sachs Group. The Motley Fool Australia has recommended Domino's Pizza Enterprises. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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