Check out these quality tech shares…
The post 3 stellar ASX tech shares to buy right now appeared first on The Motley Fool Australia. –
The tech sector is home to a number of companies with strong growth potential.
Three that are highly rated are listed below. Here’s what you need to know about these tech shares:
BetaShares Global Cybersecurity ETF (ASX: HACK)
The first ASX tech share to look at is an ETF that provides investors with easy access to a large number of growing tech shares. The BetaShares Global Cybersecurity ETF is focused on the global cybersecurity sector. This means you’ll be buying some of the biggest and brightest companies in the sector such as Accenture, Cisco, Cloudflare, Fortinet, Okta, Splunk, Zscaler, Crowdstrike. Given the rising threat of cyber attacks, demand for their services is expected to grow strongly over the 2020s.
Bigtincan Holdings Ltd (ASX: BTH)
Another tech share to look at is Bigtincan. It is a fast-growing sales enablement platform provider. This popular platform enables sales, service and marketing teams to drive the sales process with the best sales content anywhere, anytime, and on any device. Bigtincan has also just strengthened its offering with the acquisition of US-based Brainshark. It is an industry-recognised and multi-awarded leader in its field of sales coaching, learning and readiness. Management expects this to lead to combined ARR 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.
Nitro Software Ltd (ASX: NTO)
Another tech share to look at is Nitro. It is a fast-growing document productivity software company. It has been tipped to grow strongly in the future thanks to the increasing popularity of its Nitro Productivity Suite and its sizeable market opportunity. The Nitro Productivity Suite provides integrated PDF productivity and electronic signature tools to customers through a horizontal, software-as-a-service, and desktop-based software solution. Its total addressable market is estimated to be $28 billion. The team at Bell Potter are positive on the company. The broker currently has a buy rating and $4.00 price target on Nitro’s shares.
Wondering where you should 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 could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.
*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 BETA CYBER ETF UNITS and BIGTINCAN FPO. The Motley Fool Australia owns shares of and has recommended BETA CYBER ETF UNITS and 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.