Brokers name 3 ASX shares to buy today
Australia and New Zealand Banking GrpLtd $ANZ Group Holdings Ltd(ANZ.AU$
According to a note out of Macquarie, its analysts have retained their outperform rating and $29.50 price target on this banking giant’s shares. The broker has been looking at the sector and believes that ANZ is one of the best-placed banks to experience margin benefits this year. In light of this, it holds firm with its positive view on the company’s shares. The ANZ share price is trading at $25.82 on Friday.
According to a note out of Macquarie, its analysts have retained their outperform rating and $29.50 price target on this banking giant’s shares. The broker has been looking at the sector and believes that ANZ is one of the best-placed banks to experience margin benefits this year. In light of this, it holds firm with its positive view on the company’s shares. The ANZ share price is trading at $25.82 on Friday.
Baby Bunting Group Ltd $Baby Bunting Group Ltd(BBN.AU$ $BlackRock Taxable Municipal Bond Trust(BBN.US$
A note out of Morgans reveals that its analysts have retained their add rating and $6.00 price target on this baby product retailer’s shares. Morgans has been looking at the retail sector and named Baby Bunting as one of its top three picks. It was impressed with Baby Bunting’s performance during the first half and appears confident on the future. Morgans highlights that it likes the retailer due to its preference for shares that are able to deliver growth independent of the likely waning of consumer sentiment and spending. The Baby Bunting share price is fetching $4.61 today.
A note out of Morgans reveals that its analysts have retained their add rating and $6.00 price target on this baby product retailer’s shares. Morgans has been looking at the retail sector and named Baby Bunting as one of its top three picks. It was impressed with Baby Bunting’s performance during the first half and appears confident on the future. Morgans highlights that it likes the retailer due to its preference for shares that are able to deliver growth independent of the likely waning of consumer sentiment and spending. The Baby Bunting share price is fetching $4.61 today.
Megaport Ltd (ASX: MP1)
Analysts at Citi have retained their buy rating and $20.20 price target on this network-as-a-service company’s shares. According to the note, the broker isn’t concerned by news that data centre operator Digital Realty is launching its own networking platform. Citi highlights the new platform is expected to be open, which implies Megaport could still be a service provider. Furthermore, it believes Megaport’s global network and cloud on-ramps outside of Digital Realty’s physical locations are still valuable to a customer. As a result, it only sees a low probability of existing customers churning. The Megaport share price is trading at $13.18 on Friday.
Analysts at Citi have retained their buy rating and $20.20 price target on this network-as-a-service company’s shares. According to the note, the broker isn’t concerned by news that data centre operator Digital Realty is launching its own networking platform. Citi highlights the new platform is expected to be open, which implies Megaport could still be a service provider. Furthermore, it believes Megaport’s global network and cloud on-ramps outside of Digital Realty’s physical locations are still valuable to a customer. As a result, it only sees a low probability of existing customers churning. The Megaport share price is trading at $13.18 on Friday.
Which one do you think is a potential stock?
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