2 exciting small cap ASX tech shares analysts love

Here are a couple of small cap tech shares you need to know about…
The post 2 exciting small cap ASX tech shares analysts love appeared first on The Motley Fool Australia. –

If you’re a fan of small cap shares, then you’re in luck! At present there are a number on the local share market that have been tipped to grow strongly in the future.

Two in the tech sector that could be worth getting acquainted with are listed below. Here’s what you need to know about them:

Bigtincan Holdings Ltd (ASX: BTH)

The first small cap tech share to look at is Bigtincan. It is a fast-growing provider of enterprise mobility software. This software allows sales and service organisations to increase their sales win rates, reduce expenditures, and improve customer satisfaction through improved mobile worker productivity.

Bigtincan has been growing at a strong rate over the last few years thanks to increasing demand for its quality platform. Pleasingly, this positive form has continued in FY 2022. Last month the company revealed a huge jump in cash receipts during the first quarter. Management also confirmed that it remains on track to meet or exceed its annualised recurring revenue (ARR) guidance of $119 million. This includes the benefits of the recent Brainshark acquisition and implies annual growth of at least 124%.

In response, Morgan Stanley retained its overweight rating and $2.10 price target on Bigtincan’s shares.

Nitro Software Ltd (ASX: NTO)

Another small cap tech share that is rated highly is Nitro. It is a fast-growing global document productivity software company aiming to accelerate digital transformation in a world that demands the ability to work from anywhere, anytime, on any device.

Nitro’s cloud-based software allows organisations to drive better business outcomes through 100% digital document processes and fast, efficient workflows. This includes through the increasingly popular Nitro Productivity Platform, which offers comprehensive business solutions, including powerful PDF productivity, unlimited eSigning, and industry-leading analytics.

At the last count, the company had over 2.8 million licensed users and 12,000+ business customers in 155 countries. This includes over 68% of the Fortune 500 and three of the Fortune 10.

Last month the company released its third quarter update and revealed a 50% increase in its ARR. This puts it on course to achieve its ARR guidance of US$39 million to US$42 million in FY 2021. Pleasingly, this is still only a fraction of its estimated total addressable market of $28 billion.

In response to its update, Bell Potter retained its buy rating and lifted its price target to $4.50.

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

Should you invest $1,000 in Nitro right now?

Before you consider Nitro, you’ll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Nitro wasn’t one of them.

The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

*Returns as of August 16th 2021

More reading

Why Life360, Nitro, Reliance Worldwide, and Uniti shares are charging higher

Bigtincan (ASX:BTH) share price steady amid 218% cash receipts increase

Why is the Nitro Software (ASX:NTO) share price on the rise on Wednesday?

3 stellar ASX tech shares to buy right now

2 excellent ASX tech shares tipped for big things

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 BIGTINCAN FPO. The Motley Fool Australia owns shares of and has recommended BIGTINCAN FPO. The Motley Fool Australia has recommended Nitro Software Limited. 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
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!