Top 3 ASX Stocks to Buy Now, According to Leading Brokers
As another busy week wraps up for Australia’s leading stockbrokers, new broker insights have been released, pointing to key opportunities in the ASX market. If you’re looking to build your portfolio or explore fresh stock picks, here are three ASX shares that have earned buy ratings from top analysts.
1. NextDC Ltd (ASX: NXT): A Strong Buy Amid Undervaluation
Analysts at Ord Minnett have reaffirmed their buy rating on NextDC, a leading data centre operator, setting a price target of $20.00. Currently trading at $10.70, the broker believes the stock is significantly undervalued.
🔹 Key Insight: The market appears to be pricing the company based only on existing contracts, not accounting for potential future deals. With major data centre expansion underway, this suggests that a large new contract may soon be announced, offering a strong buying opportunity for investors.
2. Pilbara Minerals Ltd (ASX: PLS): Resilient in a Volatile Lithium Market
Morgans has maintained its add rating on Pilbara Minerals, with an adjusted price target of $2.40, down slightly due to recent lithium market volatility. Trading at $1.37, the lithium producer remains a strong player, especially compared to its industry peers.
🔹 Key Insight: Despite weak lithium prices and oversupply from Africa and China, Morgans believes Pilbara Minerals is well-positioned to weather market challenges until at least FY 2028. This long-term resilience places the company ahead of competitors in the lithium space.
3. WiseTech Global Ltd (ASX: WTC): Long-Term Growth with Solid Fundamentals
Bell Potter has reiterated its buy rating on WiseTech Global, a top-tier logistics solutions company, while slightly lowering the price target to $112.50. The current share price sits at $84.42, making it an appealing option after recent pullbacks.
🔹 Key Insight: Although valuation multiples were reduced to reflect global market uncertainty, Bell Potter maintains a bullish outlook. The firm expects strong earnings growth over the coming years, making WiseTech a high-potential pick for long-term investors.
Final Thoughts: Are These ASX Stocks in Your Portfolio?
These three ASX-listed companies—NextDC, Pilbara Minerals, and WiseTech Global—have attracted positive attention from seasoned analysts. Each presents a unique opportunity:
- NextDC for its growth potential in the digital infrastructure space,
- Pilbara Minerals for its strategic resilience in the lithium market, and
- WiseTech for its sustained innovation and earnings momentum.
If you’re considering where to invest your next $1,000, these broker-backed picks could be worth a closer look.
