Insights

2 exciting ASX tech shares that are highly rated

Here are a couple of highly rated tech shares…
The post 2 exciting ASX tech shares that are highly rated appeared first on The Motley Fool Australia. –

If you’re looking for some exposure to the tech sector, then you might want to look at the shares listed below.

Here’s why these ASX tech shares have been rated as buys:

PointsBet Holdings Ltd (ASX: PBH)

The first tech share to look at is PointsBet. It is a growing sports wagering operator and iGaming provider offering innovative sports and racing betting products and services in the ANZ and US markets via its scalable cloud-based platform.

It is the company’s US operations that are getting the market most excited. Thanks to changes in regulations in the lucrative market and the company’s partnerships, PointsBet appears well-placed to capture market share and grow its sales over the next decade.

One of those partnerships is with the country’s largest sports broadcaster NBCUniversal. This is a game-changer for PointsBet and gets its brand in front of NBC’s 184 million viewers.

Goldman Sachs is a big fan of the company. It currently has a buy rating and $17.20 price target on PointsBet’s shares. The broker notes that the US sports betting and iGaming market is forecast to be worth US$53 billion at maturity. Goldman believes this gives it a very long runway for growth, particularly given its position as the number four/five player in the key market.

WiseTech Global Ltd (ASX: WTC)

Another ASX tech share to look at is WiseTech Global. It is the logistics solutions company behind the popular CargoWise One platform. This platform allows users to execute complex logistics transactions and manage freight operations from a single, easy to use system.

WiseTech Global has been experiencing strong demand for its platform from many of the largest logistics companies in the world. Combined with a host of bolt-on acquisitions in recent years to strengthen its offering, this has underpinned very strong revenue and earnings growth.

Pleasingly, with its customers now the ones making acquisitions, WiseTech Global has been benefiting from increasing usage from existing customers as they expand. And with this trend expected to continue, it bodes well for the company’s growth in the coming years.

Morgan Stanley is positive on WiseTech Global. Its analysts currently have an overweight rating and $35.00 price target on its shares.

The post 2 exciting ASX tech shares that are highly rated appeared first on The Motley Fool Australia.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of May 24th 2021

More reading

ASX 200 up 0.3%: CSL downgraded, Zip drops, Charter Hall impresses

3 stellar ASX tech shares rated as buys

Broker tips WiseTech Global (ASX:WTC) share price as a buy
Why the PointsBet (ASX:PBH) share price could jump 32% from here
5 things to watch on the ASX 200 on Monday

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Pointsbet Holdings Ltd and WiseTech Global. The Motley Fool Australia owns shares of and has recommended WiseTech Global. The Motley Fool Australia has recommended Pointsbet Holdings Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
Trade The US Market With ZERO Brokerage* + FREE Access To Trading Ideas & Value Analysis Tools. Click Here!