Top 3 ASX Shares to Buy on February 6, 2026

Rowan Ashford

Published: February 7, 2026 4:40 PM ET

Australia’s financial market witnessed a flurry of broker activity recently, highlighting three key ASX shares recommended for investment. Following detailed analyses, several brokers have issued buy ratings on these companies, presenting compelling arguments for their inclusion in investment portfolios.

Top 3 ASX Shares to Buy on February 6, 2026

1. Maas Group Holdings Ltd (ASX: MGH)

Morgans has upgraded Maas Group Holdings to a buy rating, setting a price target of $5.10. This change comes after the company decided to sell its construction materials division. The sale allows Maas to refocus on digital infrastructure and electrification technology.

With a projected $550 million cash balance post-sale, supported by a $100 million investment from Firmus, Maas aims to achieve a 20% return on capital. Morgans believes this strategy provides investors with a significant margin of safety, especially as the current share price is $3.99.

2. NextDC Ltd (ASX: NXT)

Macquarie maintains an outperform rating for NextDC, with a price target of $22.30. The firm based its outlook on the recent acquisition of ST Telemedia Global Data Centres by Singtel and KKR, valued at approximately S$13.8 billion (around $15.5 billion).

This acquisition implies a 20x EV/EBITDA multiple, notably higher than NextDC’s estimated multiple of 14.8x. Macquarie views NextDC shares as undervalued, recommending investors seize this opportunity while the share price stands at $12.70.

3. Nufarm Ltd (ASX: NUF)

Bell Potter has reaffirmed its buy rating for Nufarm, setting a price target of $3.60. Satisfaction with the company’s recent annual general meeting presentation has led to positive sentiment among analysts. Nufarm’s management provided optimistic forecasts for the upcoming year.

Bell Potter notes that Nufarm’s shares are trading at a discount compared to global counterparts, despite favorable indicators for omega-3 returns in FY 2026. This, combined with a supportive demand environment in northern hemisphere crop protection markets, positions Nufarm favorably, with a current share price of $2.13.

Investment Summary

Maas Group Holdings Ltd (ASX: MGH) – Buy rating, price target: $5.10, current price: $3.99.
NextDC Ltd (ASX: NXT) – Outperform rating, price target: $22.30, current price: $12.70.
Nufarm Ltd (ASX: NUF) – Buy rating, price target: $3.60, current price: $2.13.

As investors consider the advice from these brokers, these ASX shares present potential opportunities for strategic investment in the Australian market.