If you’re looking for growth shares to buy, then the tech sector could be a great place to start your search. Particularly given recent weakness in the sector, which has left many shares trading notably lower than their highs.
With that in mind, listed below are two top tech shares that could be worth considering. Here’s what you need to know about them:
BetaShares Global Cybersecurity ETF (ASX: HACK)
The first tech option for investors to look at is actually an ETF. The BetaShares Global Cybersecurity ETF gives investors access to a group of tech shares with a focus on cybersecurity services. Among the companies in the fund that you’ll be owning a slice of are the likes of Accenture, Cisco, Cloudflare, Crowdstrike, Okta. Positively, with demand for these types of services increasing due to the growing threat of cyberattacks on governments and businesses, the BetaShares Global Cybersecurity ETF has been tipped as a potential long term market beater.
Life360 Inc (ASX: 360)
Another tech share to look at is Life360. It is the San Francisco-based technology company behind the incredibly popular Life360 mobile app. This is a market leading app for families, offering features such as communications, driver safety, and location sharing. During the 12 months ended 31 December, Life360 grew its active user base to a massive 35.5 million. This underpinned significant recurring revenue growth, which shows no signs of slowing. Especially given recent acquisitions which have broadened its product range and opened up cross-selling opportunities to its user base. All in all, Life360 appears well-placed to continue its strong growth for some time to come according to Bell Potter. It is a fan of the company and put a buy rating and $15.00 price target on its shares last week.
The post 2 excellent ASX tech shares for investors in February appeared first on The Motley Fool Australia.
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- Broker says Life360 (ASX:360) share price has ~80% upside
- 3 high quality ETFs for ASX investors in February
- Brokers name 3 ASX shares to buy today
- 3 ASX small cap shares landing on an expert’s buy list
- Life360 (ASX:360) share price pushes higher after reaching 35.5m users in Q4
Motley Fool contributor James Mickleboro owns Life360, Inc. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended BETA CYBER ETF UNITS and Life360, Inc. The Motley Fool Australia owns and has recommended BETA CYBER ETF UNITS. 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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