Choosing the right shares from the multitude available on the ASX can be challenging. Thankfully, leading brokers do much of the legwork to help investors make informed decisions. Here are three top ASX shares that brokers are bullish on this week:
ALS Ltd (ASX: ALQ)
- Goldman Sachs analysts have reiterated their buy rating and $13.70 price target on ALS shares.
- ALS is set to acquire the remaining 51% of the Nuvisan business at no cost, underscoring its growth strategy.
- Despite expectations for earnings at the lower end of guidance in FY 2024, Goldman Sachs remains positive about ALS’s prospects.
- The current ALS share price stands at $12.86.
Sims Ltd (ASX: SGM)
- UBS analysts have upgraded Sims shares to a buy rating with a revised price target of $14.50.
- The improving scrap metal prices have bolstered confidence in Sims, trading at a discount to book value.
- UBS also raised earnings estimates, reflecting higher margin assumptions.
- The Sims share price is currently at $12.21.
Webjet Ltd (ASX: WEB)
- UBS analysts have maintained their buy rating on Webjet shares, with a higher price target of $10.00.
- Following an update on the WebBeds business, UBS sees Webjet well-positioned to leverage big data and AI for accelerated growth.
- UBS believes that Webjet has the potential to outpace market growth expectations.
- The current Webjet share price is $8.94.
In conclusion, these top ASX shares present compelling opportunities for investors seeking promising investment prospects.