Australia’s top brokers have been busy refining their financial models and updating stock recommendations. As a result, several broker notes have been released, highlighting key ASX stocks that present strong buying opportunities.
This week, three ASX-listed companies have stood out as broker favorites. Here’s a closer look at why analysts are optimistic about their future performance.
Domino’s Pizza Enterprises Ltd (ASX: DMP)
Goldman Sachs analysts have reiterated their buy rating on Domino’s Pizza Enterprises, setting a revised price target of $37.30. The brokerage firm notes that Domino’s half-year results aligned with its pre-announcement on February 7 and met their expectations. While early trading in the second half has been softer, Goldman attributes this to the earlier timing of the Lunar New Year rather than a fundamental weakness in the business.
Looking ahead, the firm projects a 19% compound annual growth rate (CAGR) in earnings per share between FY 2025 and FY 2027. Based on these forecasts, Domino’s shares appear attractively priced at 18 times estimated FY 2026 earnings. As of Wednesday, Domino’s stock is trading at $28.22.
DroneShield Ltd (ASX: DRO)
Counter-drone technology company DroneShield Ltd remains a buy-rated stock at Bell Potter, which has maintained a $1.10 price target. The firm’s latest analysis indicates that DroneShield’s full-year results met expectations, shifting investor focus towards its early performance in FY 2025. So far, the company has shown strong momentum, significantly outperforming the same period in FY 2024.
However, analysts caution that contract awards have been somewhat irregular, making it difficult to predict whether this strong early growth can be sustained throughout the year. Despite this uncertainty, Bell Potter remains optimistic about DroneShield’s long-term prospects. At the time of writing, its share price is $0.845.
Woodside Energy Group Ltd (ASX: WDS)
Morgans analysts continue to see upside potential in Woodside Energy Group, maintaining an add rating with a slightly improved $30.25 price target. The firm was particularly pleased with Woodside’s FY 2024 performance, noting that profits exceeded expectations. While net debt came in higher than anticipated, Morgans does not view this as a red flag.
With strong fundamentals and a positive outlook, the brokerage sees significant value in Woodside’s shares at current levels. As of Wednesday afternoon, Woodside shares are trading at $24.92.
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