If you’re a fan of small cap ASX shares, then you may want to add the two shares listed below to your watch list.
Here’s what you need to know about these growing small cap ASX shares:
Nitro Software Ltd (ASX: NTO)
The first small cap to watch is Nitro Software. It is a document productivity software company that is aiming to drive digital transformation in organisations around the world.
Nitro is doing this with its Nitro Productivity Suite. This suite provides businesses of all sizes with integrated PDF productivity and electronic signature tools through a horizontal, software-as-a-service, and desktop-based software solution.
Management is very positive on the future, particularly after a recent acquisition strengthened its offering.
It said: “Nitro believes the expanded product suite delivered by the Connective acquisition will drive substantial opportunities in the fast-growing US$17 billion global SaaS eSign market as organisations around the world increasingly demand high-trust and highly secure eSign and workflow solutions.”
In response to its recent full year results, the team at Bell Potter put a buy rating and $2.75 price target on the company’s shares.
PlaySide Studios Limited (ASX: PLY)
Another small cap to watch is PlaySide Studios. It is one of the largest independent video game developers in Australia.
At present, the company’s portfolio comprises 50+ titles that are delivered across four platforms. These are mobile, virtual reality, augmented reality, and PC. Among these titles are games developed in collaboration with studios such as Disney and Pixar.
PlaySide has also recently announced promising deals with a number of parties. This includes games publishing giants 2K Games and Activision Blizzard, as well as gaming influencer company One True King. These deals look set to support the company’s growth in a market estimated to be worth US$159 billion per annum at present.
Canaccord Genuity currently has a buy rating and $1.30 price target on its shares.
The post 2 small cap ASX shares that are highly rated by brokers appeared first on The Motley Fool Australia.
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 over ten 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 January 12th 2022
More reading
- Playside (ASX:PLY) share price launches 6% on surging half-year revenue
- Nitro (ASX:NTO) share price sinks 14% despite record result
- 2 small cap ASX shares getting analysts excited
- 3 buy-rated ASX tech shares with at least 60% upside potential
- 2 exciting ASX growth shares analysts are tipping for big things
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. has no position in any of the stocks mentioned. 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.
from The Motley Fool Australia https://ift.tt/LGbUJ8c
Stock Pick 