Top 3 ASX Shares to Watch: March 2025
In an ever-evolving stock market environment, identifying which shares to invest in can be challenging. Fortunately, leading brokers have done the groundwork, spotlighting three ASX shares that could present promising opportunities for forward-thinking investors.
Austin Engineering Ltd (ASX: ANG)
Renowned for its expertise in the mining services sector, Austin Engineering has caught the keen eye of analysts at Bell Potter. They’ve maintained a ‘buy’ rating, pricing at an enticing 85 cents. The reasons are compelling: Austin showcases a robust order book and improved margins, thanks to strategic cost and efficiency measures. Bell Potter anticipates mid to high single-digit revenue growth within the forthcoming financial years, making this share not just attractive but potentially a takeover target in its competitive global industry. The stock is currently trading at 43 cents, making it an enticing purchase.
Northern Star Resources Ltd (ASX: NST)
Bell Potter has elevated its stance on Northern Star Resources, marking it as a buy with a target price set at \(22.15. The allure of this gold miner lies not only in its anticipated 2Mozpa production growth by FY 2026 but also in strong capital expansions supported by soaring gold prices. Moreover, the potential acquisition of De Grey Mining Ltd could significantly bolster its portfolio. These strategic maneuvers offer Northern Star a strong investment narrative, capturing the attention of investors eyeing robust returns. Currently, the stock stands at \)18.35.
Qantas Airways Ltd (ASX: QAN)
Despite recent volatility in US airline stocks, Goldman Sachs remains optimistic about Qantas, maintaining their ‘buy’ rating with a \(11.80 target. Qantas' distinct market dynamics and sustainable earnings improvements fuel this confidence. As it advances its fleet renewal program, Qantas is poised for substantial growth, assuring investors of its ability to navigate the industry's fluctuating currents. The share price is noted at \)9.10 today, presenting a golden opportunity to invest in a stalwart of the aviation industry.
Conclusion
According to The Motley Fool Australia, these recommendations underscore the potential embedded within these ASX shares. Whether you’re an experienced investor or a newcomer eager to make informed decisions, keeping an eye on Austin Engineering, Northern Star Resources, and Qantas Airways could prove advantageous. Stay tuned and informed to capitalize on the dynamic movements of the ASX landscape.
