These exciting shares could be worth a closer look…
The post 3 ASX shares getting analysts very excited appeared first on The Motley Fool Australia. –
There are a lot of quality options for investors to choose from on the Australian share market. To narrow things down for readers, I have picked out three ASX shares that are getting analysts excited.
Here’s what you need to know about these ASX shares:
Bigtincan Holdings Ltd (ASX: BTH)
The first ASX share to look at is Bigtincan. It is a growing sales enablement platform provider that allows users to drive the sales process with high quality sales content anywhere, anytime, and on any device. The company has also just strengthened its offering through the acquisition of multi-awarded sales coaching, learning and readiness company, Brainshark. Management expects this to lead to combined annualised recurring revenue of $119 million in FY 2022, which will be up 124% year on year.
Morgan Stanley is very positive on the company. It has an overweight rating and $2.10 price target on its shares.
Life360 Inc (ASX: 360)
Another exciting ASX share to look at is Life360. Its hugely popular Life360 app is the world’s leading real time, location-sharing app used by families across the world to stay safe and communicate. At the last count, there were a massive 33.8 million monthly active users on its platform. This is generating significant recurring revenue and creates huge cross-selling and upselling opportunities for the company.
Bell Potter is bullish on Life360. It recently retained its buy rating and lifted its price target to $14.75.
Nitro Software Ltd (ASX: NTO)
A final ASX share to look at is this fast-growing document productivity software company. Nitro is the company behind the increasingly popular Nitro Productivity Suite. It provides integrated PDF productivity and electronic signature tools to customers through a horizontal, software-as-a-service, and desktop-based software solution. And while the company has been growing rapidly in recent years, it is still only scratching at the surface of a total addressable market estimated to be $28 billion per year.
The team at Bell Potter is also very positive on Nitro. The broker currently has a buy rating and $4.50 price target on its shares.
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
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 and Life360, Inc. 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.