Top Brokers Recommend 3 ASX Shares to Buy on January 21, 2026
Recently, several prominent brokers in Australia have updated their recommendations, highlighting three ASX shares as strong buys. This reflects changing financial forecasts and market conditions that have led analysts to reassess these stocks.
Top Brokers Recommend 3 ASX Shares to Buy on January 21, 2026
1. ARB Corporation Ltd (ASX: ARB)
Macquarie analysts maintain an outperform rating on ARB Corporation Ltd, despite a reduction in their price target to $35.80. The company, known for its 4×4 automotive parts, recently released a half-year update with profits falling short of expectations due to lower margins and disappointing export sales. Despite this, Macquarie sees value in ARB shares, which are currently trading at $27.38.
2. BHP Group Ltd (ASX: BHP)
Morgan Stanley continues to support BHP Group with an overweight rating and a price target of $56.50. The mining giant delivered strong performance, especially in iron ore operations, which exceeded forecasts. Its copper production also surpassed expectations, primarily from the significant Escondida mine. As a result, BHP shares are priced at $48.31.
3. Hub24 Ltd (ASX: HUB)
Bell Potter has retained a buy rating for Hub24 Ltd, with a price target of $125.00. The investment platform provider achieved its highest quarterly inflow on record in its recent performance report. Analysts are optimistic about Hub24’s positive outlook, bolstered by management’s encouraging comments regarding future growth prospects. Hub24 shares are currently valued at $101.39.
In summary, these ASX shares—ARB Corporation, BHP Group, and Hub24—reflect the confidence of top brokers in the Australian market as of January 21, 2026. Investors may find these stocks worthy of consideration, given the potential for growth and value.
