There certainly are a lot of options for investors to choose from on the Australian share market.
But three that could be among the best on offer right now are listed below. Here’s what you need to know about them:
Appen Ltd (ASX: APX)
The first ASX share to consider buying is Appen. It is one of the world’s leading developers of high-quality, human annotated datasets for machine learning and artificial intelligence (AI).
Appen has achieved this thanks to its growing team of contractors around the world that help to prepare the data for the models of tech giants such as Amazon and Facebook. The company also previously helped Apple develop its Siri virtual assistant
While the pandemic has led to many major machine learning projects being placed on hold, reducing demand for its services, these projects look set to commence once the crisis passes. Particularly given the growing importance of AI for businesses and governments.
Late last month Ord Minnett upgraded its shares to a buy rating with a $24.75 price target.
Pushpay Holdings Group Ltd (ASX: PPH)
Another ASX share to consider buying is Pushpay. It provides churches and non-profits with an industry-leading platform that handles donations and engagement.
Pushpay has been growing at an explosive rate over the last few years and looks well-placed to continue this positive form. This is due to the quality of its offering, the digitisation of the church, and the shift to a cashless society.
Goldman Sachs is positive on the company. It currently has a conviction buy rating and $2.59 price target on its shares.
REA Group Limited (ASX: REA)
A final ASX share to look at is REA Group. It is the owner and operator of the realestate.com.au website, a number of complementary local businesses, such as Real Commercial and Flatmates, and several international property listing websites.
The company’s realestate.com.au business is the jewel in its crown and its biggest contributor to revenue. Positively, with housing market conditions improving greatly, this business looks well-placed for growth in the coming years. This is expected to underpin solid overall earnings growth for REA Group over the medium term.
One broker that expects this to be the case is Morgan Stanley. It is very positive on the company’s outlook and has put an overweight rating and $175.00 price target on its shares.
Where to invest $1,000 right now
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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 February 15th 2021
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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 Appen Ltd and 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.
The post 3 of the best ASX shares to buy in April appeared first on The Motley Fool Australia.
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