Top 3 ASX Stocks to Buy Now, According to Leading Brokers

News, Stock Market April 11, 2025 0Comments 0Likes

It’s been another active week on the ASX, with leading brokers releasing fresh insights and stock recommendations. Amidst the market volatility, analysts have identified three high-potential ASX shares that are currently sitting in the buy zone. Below are the top picks and the key reasons why brokers are bullish on these stocks.

1. NextDC Ltd (ASX: NXT) – Undervalued Growth in Data Infrastructure

Broker: Ord Minnett
Current Price: $10.70
Target Price: $20.00
Rating: Buy

Ord Minnett analysts continue to recommend NextDC as a strong buy, believing the market is undervaluing the company by focusing only on existing contracts. The broker suggests that the stock doesn’t reflect future growth potential, especially as the company significantly expands its data centre capacity. This expansion hints at the possibility of a large new contract, offering investors a strategic entry point at current levels.

“NextDC’s expanding infrastructure is a signal of upcoming growth – don’t overlook this buying opportunity,” says the broker.

2. Pilbara Minerals Ltd (ASX: PLS) – Resilient in a Weak Lithium Market

Broker: Morgans
Current Price: $1.37
Target Price: $2.40
Rating: Add

Despite ongoing pressure in the lithium market, Pilbara Minerals has maintained a strong position compared to its peers. Morgans has reaffirmed its ‘add’ rating, highlighting the company’s ability to withstand low lithium prices well into FY 2028. Although the broker has revised its medium-term estimates due to oversupply from China and Africa, Pilbara’s solid fundamentals and cost advantage make it an attractive pick for long-term investors.

“In a tough market, Pilbara stands out as a durable lithium player,” analysts noted.

3. WiseTech Global Ltd (ASX: WTC) – Positioned for Strong Earnings Growth

Broker: Bell Potter
Current Price: $84.42
Target Price: $112.50
Rating: Buy

WiseTech Global, a leader in logistics software solutions, remains a top pick for Bell Potter. While the broker has adjusted valuation multiples to reflect current global economic uncertainty, it remains confident in the company’s robust earnings outlook. With solid fundamentals and market leadership, WiseTech is expected to deliver strong earnings growth over the coming years, presenting a compelling value-buy opportunity after recent share price declines.

“Despite short-term volatility, WiseTech’s growth story remains intact,” the note stated.

Final Thoughts: Is Now the Right Time to Invest?

With market sentiment shifting and global uncertainty weighing on equities, these three ASX-listed companies stand out for their resilience, growth potential, and strategic market positions. Analysts see current prices as undervalued, offering attractive entry points for savvy investors.