Insights

2 fantastic ASX tech shares tipped for big things in 2022

2022 could be a good year for these ASX tech shares.
The post 2 fantastic ASX tech shares tipped for big things in 2022 appeared first on The Motley Fool Australia. –

Next year, 2022, could be a big year for some of the ASX tech shares according to some leading experts.

The last couple of years have been incredible times of transformation for some businesses, and the economy as a whole.

These two ASX tech shares could have a lot more for investors over the next 12 months:

Temple & Webster Group Ltd (ASX: TPW)

The online furniture and homewares business is rated as a buy by Credit Suisse with a price target of $15.89.

It was also very recently rated as a buy by UBS, with a price target of $12.20.

UBS thinks that the company will keep benefiting from the shift of consumers to buying things online. More customers are returning and buying more from the e-commerce retailer, and the business can keep adding new product lines to expand its addressable market.

Analysts and management alike believe that the business can grow revenue quickly and also increase its profit margins as it benefits from operating leverage.

The business is expecting its fixed costs to become smaller in percentage terms compared to revenue as the business gets bigger. Greater scale will also help with things like improved supplier terms, greater ranges of (private label) products, increasing marketing and even further improvements with its technology (like augmented reality).

This ASX tech share is continuing to see strong year on year growth. In FY22, from 1 July 2021 to 15 October 2021, revenue had increased 56% compared to the prior corresponding period.

It continues to invest into areas of the business to grow its online market share with the ultimate goal of becoming the largest retailer (online and offline) for furniture and homewares in its ‘home’ market.

Airtasker Ltd (ASX: ART)

Online services marketplace business Airtasker is rated as a buy by the broker Morgans. It has a price target of $1.27 – that’s more than 40% higher than where it is today.

Morgans thinks that Airtasker has good long-term growth potential.

Not only is the business growing in Australia, but it’s experiencing rapid growth internationally as well.

The FY22 first quarter saw gross marketplace volume (GMV) growth of 6.2% year on year to $35 million despite key markets (like Sydney and Melbourne) in lockdown for the quarter.

Airtasker has seen a “strong post-lockdown bounce back” with the last weekly update revealing GMV of $3.6 million, which equates to an annualised run rate of $185 million.

In the first quarter of FY22 it saw international GMV growth of more than 100%, driven by “strong growth” in the UK.

The ASX tech share is expanding in the US with its Zaarly acquisition and it’s expanding in some city markets including Dallas, Kansas City, Miami and Atlanta. Airtasker said the USA expansion was just in its early days.

It’s planning to expand its marketing expenditure significantly to grow geographically and increase its brand recognition.

The post 2 fantastic ASX tech shares tipped for big things in 2022 appeared first on The Motley Fool Australia.

Should you invest $1,000 in Temple & Webster right now?

Before you consider Temple & Webster, 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 Temple & Webster 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

Monopoly, expansion, dividend: the ASX share with everything

2 rapidly growing ASX e-commerce shares

Are these 2 impressive ASX shares buys in December 2021?

What do Wesfarmers (ASX:WES) and Amazon.com have in common?

2 top ASX shares for December

Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Temple & Webster Group Ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Airtasker Limited. The Motley Fool Australia has recommended Temple & Webster Group 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
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!