Insights

2 exciting small cap ASX shares analysts rate highly

If small caps are your game, then you might want to check out these ones…
The post 2 exciting small cap ASX shares analysts rate highly appeared first on The Motley Fool Australia. –

As well as being home to countless blue chip shares, the Australian share market is home to a good number of promising small caps.

Two small cap shares that could be worth adding to your watchlist are listed below. Here’s what you need to know about them:

Damstra Holdings Ltd (ASX: DTC)

The first small cap to watch is Damstra. It is a growing integrated workplace management solutions provider. Its cloud-based workplace management platform is used by businesses globally to track, manage, and protect their workers and assets.

Demand has been growing strongly in recent years and has continued in FY 2021. For example, during the first half of FY 2021, the company reported a 29.6% increase in revenue to $13.3 million. It then followed this up with a 66% increase in third quarter revenue to $6.9 million.

The good news is that this is still only a fraction of its total addressable market (TAM). Management estimates that its TAM will be worth US$20 billion by 2022. This gives it a very long runway for growth.

Shaw and Partners currently has a buy rating and $1.88 price target on the company’s shares.

Mach7 Technologies Ltd (ASX: M7T)

Another small cap ASX share to watch is Mach7. It is a medical imaging data management solutions provider that allows users to create a clear and complete view of the patient. Users then use this to help them inform diagnosis, reduce care delivery delays and costs, and improve patient outcomes.

Demand for its offering has been growing strongly and looks set to continue doing so thanks to favourable industry trends. One of those is teleheath, which management notes is creating a need for this type of technology.

According to management, the company’s TAM is estimated to be US$2.75 billion. This gives it a huge opportunity to grow into over the next decade.

Morgans is a fan of the company. It currently has an add rating and $1.68 price target on the company’s shares.

The post 2 exciting small cap ASX shares analysts rate highly appeared first on The Motley Fool Australia.

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
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!