If you are lucky enough to have $3,000 to invest into ASX shares, then read on. That's because listed below are three shares that analysts are tipping as top buys this month. Here's what you need to know about them: ( ) Bell Potter thinks that supermarket giant Coles could be a great option for investors right now.
Its analysts recently commenced coverage on the company's shares with a buy rating and $21.55 price target. This implies potential upside of 21% for investors from current levels.
The broker believes that Coles is well-placed for growth in the coming years. It said: We initiate coverage with a Buy rating. While we see FY25e as a year of consolidation on a reported basis, we see COL as providing an attractive earnings growth profile through to FY27e on an underlying basis, with high levels of cash generation supporting growth in .
In addition, at 9.1x FY25e EBITDA, COL continues to reflect relative value compared to WOW (~5% discount). ( ) Analysts at Goldman are feeling upbeat on this struggling pizza chain operator.
The broker has a buy rating and $40.00 price target on its shares. This suggests that upside of 17.
5% is possible from current levels. Goldman thinks that the good times will soon return for Domino's after a couple of difficult years. It said: We believe that DMP's renewed focus on store unit economics and re-investment to ignite topline growth is rightly placed.
While there is still significant progress to be made, we believe that earnings has troughe.
