As the holiday season winds down, the Australian Securities Exchange (ASX) is seeing renewed interest from brokers eager to capitalize on promising stocks. Despite a lull in broker activity over the festive period, recent recommendations have highlighted three ASX shares that continue to attract attention: Breville Group Ltd, Collins Foods Ltd, and WiseTech Global Ltd. These stocks are poised for growth, according to leading analysts, and present intriguing opportunities for investors.
Breville Group Ltd: Brewing Success
According to a note from Macquarie, Breville Group Ltd (ASX: BRG) has retained its “outperform” rating with a price target of $39.20. This recommendation comes on the back of strong performance indicators from the Macquarie Kitchen Benchmark and De’Longhi Revenue Index, which have shown robust growth in the third quarter.
Breville, renowned for its innovative kitchen appliances, has consistently outperformed benchmarks, achieving an impressive 11% annual growth rate from 2018 to 2024. Macquarie analysts forecast a continuation of this trend, projecting revenue growth exceeding 10% annually from FY 2025 to FY 2028. Key growth drivers include the company’s coffee segment, expansion into new markets, and investment in product development.
Breville’s share price closed at $29.94 on Friday, reflecting investor confidence in its growth trajectory.
Collins Foods Ltd: A Recipe for Growth
Collins Foods Ltd (ASX: CKF), the operator of KFC restaurants, has also caught the eye of analysts. Citi has maintained a “buy” rating on its shares, albeit with a slightly reduced price target of $12.85. This adjustment follows a half-year result for FY 2026 that surpassed expectations, prompting management to upgrade its profit guidance for the full year.
The company now anticipates profit growth in the mid-to-high teens, up from the previous forecast of low-to-mid teens. Although sales growth has slightly lagged behind expectations, Citi’s analysts have only marginally adjusted their estimates.
Collins Foods’ share price was $10.44 at the close on Friday, signaling market optimism about its future performance.
WiseTech Global Ltd: Navigating New Frontiers
In the technology sector, WiseTech Global Ltd (ASX: WTC) has received an upgrade from Macquarie to an “outperform” rating, with a price target of $108.50. While Macquarie expresses some caution regarding full-year results and FY 2027 guidance, it remains confident about the company’s long-term prospects.
WiseTech Global, a leader in logistics solutions technology, is seen as a transformative force within the industry. Macquarie analysts believe the company is well-positioned to reshape logistics fundamentally, although they acknowledge execution risks associated with such a large market opportunity.
WiseTech Global’s share price concluded the week at $68.55, reflecting investor interest in its potential to revolutionize logistics.
Implications and Future Outlook
The recommendations for these ASX shares underscore the diverse opportunities available across different sectors, from consumer goods and food services to cutting-edge technology. As investors seek to navigate the complexities of the market, these stocks offer a blend of stability and growth potential.
The ongoing recovery from the pandemic, coupled with evolving consumer preferences and technological advancements, provides a fertile ground for these companies to thrive. Investors will be watching closely as Breville continues to innovate, Collins Foods expands its footprint, and WiseTech Global pushes the boundaries of logistics technology.
As we move further into the year, these companies’ performance will be pivotal in shaping investor sentiment and market dynamics. With brokers signaling strong growth prospects, these ASX shares are certainly ones to watch in the coming weeks.
