Top brokers name 3 ASX shares to buy next week

Another hectic week transpired for Australia’s leading brokers, prompting the issuance of several new broker notes.

The three broker buy recommendations worth exploring are outlined below. Here’s what the brokers see as attractive in these ASX stocks:

Corporate Travel Management Ltd

 (
ASX: CTD
)

In a recent analysis from Morgans, the firm’s analysts maintained an add recommendation for the stock of this leading corporate travel business but lowered their price target to $16.05 per share. According to Morgans’ report, Corporate Travel Management delivered weaker-than-anticipated quarterly figures recently, primarily because of trade tariffs and broader economic uncertainties. This underperformance suggests they may not meet projected targets set for fiscal year 2025; however, Morgans advises considering future prospects over these near-term challenges. Notably, gains from acquiring new clients indicate robust earning potential for the next financial year, FY 2026. Furthermore, management has outlined ambitions to nearly double earnings by FY 2029. As observed at week-end close, the Corporate Travel Management share was trading at $11.68.

Nextdc LtdÂ

(
ASX: NXT
)

According to a note from Goldman Sachs, the bank’s analysts still maintain their ‘buy’ recommendation for the data center provider’s stock, setting a revised price target of $16.50 per share. This adjustment follows NextDC securing a 52-megawatt deal in Melbourne’s M3 facility—a project designated for AI implementation—which they anticipate will start generating full revenue by fiscal year 2028. Analysts believe the firm’s robust profit expansion through 2028 is solidly supported, not accounting for potential additional agreements down the line. In summary, Goldman remains optimistic regarding NextDC’s prospects and considers its stocks undervalued compared to industry counterparts. They highlight that these shares currently trade at just 19 times enterprise value divided by fully contracted EBITDA, well beneath typical market valuations ranging from 24x to 30 times as well as past transaction metrics of 21x to 42x. As of last week’s closing bell, NextDC’s share price stood at $13.57.

Orica LtdÂ

(
ASX: ORI
)

A report from Goldman Sachs indicates that the firm’s analysts continue to maintain their buy recommendation for this commercial explosives company’s stock, setting a revised price target at $22.10. The document highlights that Goldman was particularly pleased with Orica’s performance throughout H1 FY 2025. This satisfaction stems from the fact that the company exceeded profit projections due primarily to strong performances within its Blast Solutions division. Additionally, Goldman notes that after several years without such progress, Orica is now successfully achieving earnings per share growth through strategic investments in acquisition activities. Overall, Goldman believes Orica remains undervalued considering its robust operational success. Consequently, they foresee significant potential gains relative to today’s market value. At week-end close, Orica’s share price stood at $18.29.

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Leading broker suggests 3 ASX stocks to purchase in the coming week
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Motley Fool
contributor
James Mickleboro
has positions in Nextdc. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Corporate Travel Management and Goldman Sachs Group. The Motley Fool Australia has positions in and has recommended Corporate Travel Management. The Motley Fool has a
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This article includes solely general investment guidance (covered under AFSL 400691). Authorized by Scott Phillips.