Pushpay Holdings Group Ltd (ASX:PPH) and these ASX shares could be great options for investors right now. Here’s why they are highly rated…
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If you’re on the lookout for some new additions to your portfolio, then you may want to take a look at the ASX shares listed below.
Here’s why these three ASX shares comes highly rated right now:
Altium Limited (ASX: ALU)
The first share to look at is Altium. It is an award-winning printed circuit board (PCB) design software provider. Over the last few years it has carved out a leading position in this growing market. This is a big positive given the proliferation of electronic devices, which is expected to lead to increasing demand for its software over the next decade. Credit Suisse believes investors should look beyond the short term COVID headwinds it is facing and focus on the long term. This month it put an outperform rating and $35.00 price target on Altium’s shares.
Pushpay Holdings Group Ltd (ASX: PPH)
Pushpay is a leading donor management and community engagement platform provider for the faith sector. The company is aiming to win a 50% share of the medium to large US church market in the future. This represents a US$1 billion revenue opportunity. Given that FY 2020’s revenues increased 32% to US$129.8 million, this clearly gives it a long runway for growth over the 2020s. Due to the quality of its platform and last year’s US$87.5 million acquisition of church management system provider Church Community Builder, Pushpay has been tipped to achieve this. Goldman Sachs is a fan and has a conviction buy rating and $2.59 price target on its shares.
REA Group Limited (ASX: REA)
REA Group is the property listings company behind the market-leading realestate.com.au website and several international equivalents. It has been a strong performer over the last few years despite the housing market downturn and COVID-19. The good news is the housing market has been tipped to recover strongly this year. This appears to have positioned REA Group for growth in the second half of FY 2021. Morgan Stanley is positive on REA Group and has a buy rating and $150.00 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 June 30th
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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. owns shares of and recommends Altium. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of PUSHPAY FPO NZX. The Motley Fool Australia has recommended PUSHPAY FPO NZX and REA Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.