APT 0.00% $66.47 afterpay limited

Top brokers name 3 ASX shares to buy todayJames Mickleboro23...

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    Top brokers name 3 ASX shares to buy todayJames Mickleboro23 October 2019, 12:43 am UTCMany of Australia’s top brokers have been busy adjusting their financial models again, leading to the release of a large number of broker notes this week.Three broker buy ratings that have caught my eye are summarised below. Here’s why brokers think these ASX shares are in the buy zone:Afterpay Touch Group Ltd (ASX: APT)According to a note out of Morgan Stanley, its analysts have retained their overweight rating and $44.00 price target on this payments company’s shares. The broker believes recent share price weakness has left its shares oversold, making this a buying opportunity for investors. Furthermore, the broker is not worried by regulatory concerns following the payments review announced by the RBA. It doesn’t feel BNPL is big enough for regulation, nor does it believe that retailers would surcharge customers using Afterpay. I agree with Morgan Stanley and would class Afterpay as a buy.
 
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