The tech sector is home to a number of exciting companies…
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If you’re looking for some exposure to the tech sector, then you might want to take a look at the shares listed below.
Here’s why these ASX tech shares have been rated as buys:
The first ASX tech to look at is Afterpay. This now pay later (BNPL) focused payments company has been growing at a rapid rate in recent years. This has been driven by the increasing popularity of BNPL with consumers and merchants and its global expansion. The latter has seen the company successfully expand into the United States and the United Kingdom. It has also just launched in Canada and onto mainland Europe. This gives it a huge runway for growth over the next decade as consumers turn away from credit cards and embrace BNPL.
Morgan Stanley currently has an overweight rating and $145.00 price target on Afterpay’s shares.
Whispir Limited (ASX: WSP)
Whispir is a software as a service (SaaS) communications workflow platform provider. Its popular platform is used by 750 businesses globally to automate interactions between them and their people and customers. One of its customers is Changi Airport in Singapore. It chose Whispir to help solve its need for quicker and more efficient communication between team members, in a way that minimised business risk. The Australian government has used the platform for COVID-19 communications.
Ord Minnett has a buy rating and $4.25 price target on Whispir’s shares.
WiseTech Global Ltd (ASX: WTC)
WiseTech Global is the logistics solutions company behind the popular CargoWise One platform. It allows users to execute complex logistics transactions and manage freight operations from a single, easy to use platform. Demand has been strong for its platform from many of the largest logistics companies in the world, driving stellar sales and earnings growth. Positively, the company notes that many of its largest customers have been undertaking mergers and acquisitions. This is expected to lead to further growth in demand from existing customers in the near term as they grow larger.
Morgan Stanley has an overweight rating and $35.00 price target on its shares.
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James Mickleboro does not own any shares mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended AFTERPAY T FPO, Whispir Ltd, and WiseTech Global. The Motley Fool Australia owns shares of and has recommended AFTERPAY T FPO and WiseTech Global. The Motley Fool Australia has recommended Whispir Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.