3 highly rated ASX shares to buy next week

These ASX shares could be in the buy zone…
The post 3 highly rated ASX shares to buy next week appeared first on The Motley Fool Australia. –

Looking for investment ideas this month? Below are three options to consider next week.

Here’s what you need to know about these highly rated ASX shares:

BetaShares Global Cybersecurity ETF (ASX: HACK)

The first ASX share for investors to look at is an ETF. The BetaShares Global Cybersecurity ETF provides investors with exposure to the leaders in the global cybersecurity sector. This is a sector that is heavily under-represented on the ASX. Which is a big shame given how demand for cybersecurity services is forecast to grow materially in the future. Among the companies in the fund that you’ll be owning a slice of are cybersecurity giants Accenture, Cloudflare, Crowdstrike, Okta, and Palo Alto Networks.

REA Group Limited (ASX: REA)

Another ASX share to consider is property listings company REA Group. It is best-known for the website, which has been dominating the ANZ market for years. This continued in FY 2021, with the company recording an average of 121.9 million monthly visits to its website. This was up 35% year on year and is 3.3 times greater than its nearest competitor. In light of this dominance, the booming housing market, and new acquisitions and revenue streams, REA Group has been tipped to grow strongly in the coming years by the team at Macquarie. As a result, the broker has an outperform rating and $192.00 price target on its shares.

TechnologyOne Ltd (ASX: TNE)

A final ASX share to look at is TechnologyOne. It is Australia’s largest enterprise software company, providing a global software as a service (SaaS) ERP solution that transforms business and makes life simple for its customers. At the last count, there were well over 1,000+ leading corporations, government agencies, local councils and universities being powered by its software. This has underpinned strong recurring revenue growth and is expected to continue doing so in the coming years. For example, management is targeting annual recurring revenue (ARR) of over $500 million by FY 2026. This is almost double its current base ARR of $257.5 million. Bell Potter is a fan and has a buy rating and $15.00 price target on its shares.

The post 3 highly rated ASX shares to buy next week appeared first on The Motley Fool Australia.

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

Before you consider TechnologyOne, 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 TechnologyOne 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

3 ETFs for ASX investors in 2022

2 blue chip ASX 200 shares named as buys in December

Top broker names the best ASX tech shares to buy in 2022

2 highly rated ASX 200 shares to buy

3 excellent ETFs for ASX investors to buy in December

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 and has recommended BETA CYBER ETF UNITS. The Motley Fool Australia owns and has recommended BETA CYBER ETF UNITS. The Motley Fool Australia has recommended REA Group 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!