Here’s why Afterpay Ltd (ASX:APT) and this ASX tech share could be great options for investors in April…
The post 2 very exciting ASX tech shares to buy in April appeared first on The Motley Fool Australia. –
Due to the quality on offer in the tech sector, having a little exposure to this side of the market could be a great thing for a balanced portfolio.
With that in mind, I have picked out two top tech shares which have been rated as buys. Here’s what you need to know about them:
Afterpay is a payments company with a focus on the buy now pay later (BNPL) market.
Due to the increasing popularity of BNPL with both consumers and merchants, Afterpay has been growing at a rapid rate in recent years.
Positively, the company looks well-placed to continue its meteoric growth for the foreseeable future thanks to a number of factors. This includes its ongoing international expansion, increasing repeat usage, and new product launches. The latter includes the impending release of banking products via the Afterpay Money app.
One broker that is very positive on its future is Wilsons. The broker currently has a buy rating and $160.20 price target on its shares. Its analysts see huge opportunities for Afterpay in mainland Europe and the Asia-Pacific region.
Another ASX tech share to look at is app maker Life360. This San Francisco-based company provides families with a market leading app with a wide range of features.
These include real-time location sharing and notifications and driving safety features like Crash Detection and Roadside Assistance. The aim of its app is to remove uncertainty from modern life.
These features are clearly resonating well with families. At the last count, Life360 had more than 25 million monthly active users across 195 countries. And while the pandemic’s impact on mobility has stifled its growth, it is largely expected to accelerate again once the crisis passes.
Bell Potter is a fan of the company and believes it has a bright future ahead of it. The broker currently has a buy rating and $6.00 price target on its shares.
Where to 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 are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.
*Returns as of February 15th 2021
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James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. recommends Life360, Inc. The Motley Fool Australia owns shares of AFTERPAY T FPO. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.