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2 small cap ASX shares to get excited about

Here are a couple of exciting small caps…
The post 2 small cap ASX shares to get excited about appeared first on The Motley Fool Australia. –

If you’re wanting to gain exposure to the small side of the market, the shares listed below could be worth considering.

Both of these small cap ASX shares have been tipped as buys by analysts. Here’s why:

Adore Beauty Group Limited (ASX: ABY)

The first small cap ASX share to look at is Adore Beauty. It is an integrated content, marketing, and ecommerce retail platform with a focus on the beauty market.

At the last count, the company had 874,000 active customers, which was up 24% over the prior corresponding period. From these customers, the company generated revenue of $63.8 million during the first quarter of FY 2022. This represents a 25% increase on the same period last year.

The good news is that even if you annualise its Q1 revenue to $255 million, it is still only a small slice of the $11 billion a year Australian beauty and personal market. This provides Adore Beauty with a long runway for growth over the next decade as more and more industry sales shift online.

Shaw and Partners is a fan of Adore Beauty. Its analysts currently have a buy rating and $6.00 price target on its shares.

Serko Ltd (ASX: SKO)

Another small cap ASX share to look at is Serko. It is an online travel booking and expense management provider.

It recently announced the completion of a NZ$75 million placement to support its growth. This includes supporting Serko’s global marketplace strategy, which is aiming to transform the company from an online booking tool into a distributed marketplace.

In addition, some of the proceeds will be used to support its Booking.com for Business offering. Management advised that following the successful migration of Booking.com business customers onto the new Zeno powered Booking.com for Business platform, Serko will undertake targeted investment to optimise customer engagement and extend the offering across global markets to maximise the potential of the opportunity.

All in all, this appears to have left Serko well-placed for growth once travel markets return to normal.

Ord Minnett certainly believes this to be the case. Last week the broker retained its buy rating and lifted its price target to $8.10.

The post 2 small cap ASX shares to get excited about appeared first on The Motley Fool Australia.

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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

More reading

10 ASX shares to buy in 2022

2 ASX shares with strong long term growth potential

Why analysts think the Adore Beauty (ASX:ABY) share price has 40% upside

Why Creso Pharma, Hansen, Life360, and Serko shares are falling

Here’s why the Serko (ASX:SKO) share price is crashing 10% lower today

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 Serko Ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Adore Beauty Group Limited. The Motley Fool Australia has recommended Adore Beauty Group Limited and Serko Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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