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:
Collins Foods Ltd (ASX: CKF)
According to a note out of Goldman Sachs, its analysts have retained their buy rating and $10.00 price target on this quick service restaurant operator's shares. This follows the release of a market update this week which revealed plans to double down on its European expansion with the KFC brand and exit its Taco Bell business in Australia. Goldman was pleased with the plans. It believes Taco Bell has drawn too much focus from management and the exit of the loss-making operation should provide an earnings uplift from FY 2027. As for its European expansion, Goldman highlights that Germany is a large, underpenetrated, and relatively favourable development environment for the KFC brand. The Collins Foods share price is trading at $7.99.
Hub24 Ltd (ASX: HUB)
A note out of Bell Potter reveals that its analysts have retained their buy rating on this investment platform provider's shares with a trimmed price target of $75.00. This follows the release of a third quarter update which revealed platform net inflows of $4.9 billion. This was ahead of the broker's estimate of $4.2 billion. The good news is the broker believes this strong form can continue. So, with its shares trading on lower multiples following recent weakness, it feels this has created an attractive entry point for investors. The Hub24 share price is currently fetching $64.48.
Pilbara Minerals Ltd (ASX: PLS)
Another note out of Bell Potter reveals that its analysts have retained their buy rating on this lithium miner's shares with a reduced price target of $2.00. According to the note, the broker has cut its earnings estimates and valuation to reflect lower than expected lithium prices. Bell Potter has cut its lithium price forecasts due to its belief that a lithium supply deficit will now be coming in 2030 rather than 2027. Nevertheless, it sees a lot of value in the company's shares at current levels and believes that Pilbara Minerals' low operating costs will mean that is still profitable in both FY 2026 and FY 2027. The Pilbara Minerals share price is trading at $1.37 today.
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 Collins Foods. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs Group and Hub24. The Motley Fool Australia has recommended Collins Foods and Hub24. 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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