Day: March 19, 2022

3 growth shares analysts are tipping to rocket higher

Rocket powering up and symbolising a rising share price.

Rocket powering up and symbolising a rising share price.

Are you interested in adding some ASX growth shares to your portfolio? If you are, you may want to look at the ones listed below.

Here’s what you need to know about these growth shares:

IDP Education Ltd (ASX: IEL)

The first ASX growth share to look at is IDP Education. It is a provider of English language testing and international student placement services. IDP was hit hard during the pandemic but has bounced back strongly in FY 2022. For example, last month, the company delivered a 47% increase in revenue to a record of $397 million and a 70% lift in net profit after tax to $52.9 million. This was despite parts of the company still suffering from COVID restrictions. Morgan Stanley was pleased with its performance. In response the result, the broker put an overweight rating and $40.20 price target on its shares.

NEXTDC Ltd (ASX: NXT)

Another growth share that could be a buy is NEXTDC. It is a leading data centre operator which appears well-placed to benefit from the structural shift to the cloud. This is thanks to its world class network of centres across Australia and its expansion into edge centres and the Asian market. Citi is a fan and currently has a buy rating and $14.55 price target on NEXTDC’s shares. It believes the conversion of Hyperscale customer commitments in Sydney and Melbourne will be the next key growth catalyst. It commented: “We maintain our Buy call and see the conversion of Hyperscale customer commitments in Sydney and Melbourne as the next key catalyst (likely in 1H23e).”

Nitro Software Ltd (ASX: NTO)

A final ASX growth share to look at is Nitro Software. It is aiming to drive digital transformation in organisations around the world with its Nitro Productivity Suite. This provides integrated PDF productivity and electronic signature tools to customers through a software-as-a-service solution. Goldman Sachs is very positive on its long term outlook. It commented: “We estimate Nitro can increase its TAM penetration from 0.15% to 1.4% by FY40 implying 9x uplift to Nitro’s current revenue base.” The broker has a buy rating and $2.60 price target on its shares.

The post 3 growth shares analysts are tipping to rocket higher appeared first on The Motley Fool Australia.

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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

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Motley Fool contributor James Mickleboro owns NEXTDC Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Idp Education Pty Ltd. 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.

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3 ETFs for ASX investors to check out next week

ETF spelt out with a rising green arrow.

ETF spelt out with a rising green arrow.

Looking for some exchange traded funds (ETFs) to boost your portfolio? If you are, you might want to look at the ones below.

Here’s why they could be worth researching further:

BetaShares Crypto Innovators ETF (ASX: CRYP)

The first ETF to look at is the BetaShares Crypto Innovators ETFBetaShares notes that the ETF is designed to capture the full breadth of the crypto ecosystem. It provides exposure to pure-play crypto companies (including crypto exchanges, mining companies, and mining equipment providers), those whose balance sheets are held at least 75% in crypto-assets, and diversified companies with crypto-focused business lines. Among its holdings you’ll find Coinbase, PayPal, Riot Blockchain, Robinhood, Silvergate, and Afterpay-owner, Block.

Betashares Global Sustainability Leaders ETF (ASX: ETHI)

Another ETF for ASX investors to look at is the Betashares Global Sustainability Leaders ETF. This ETF aims to track the performance of an index that includes a portfolio of large global stocks identified as “Climate Leaders.” The fund manager noted that these companies have passed screens to exclude those with direct or significant exposure to fossil fuels or activities deemed inconsistent with responsible investment considerations. Among the shares included in the fund are the likes of Apple, Nvidia, Toyota, and Visa.

VanEck Australian Resources ETF (ASX: MVR)

A final ETF to look at is the VanEck Australian Resources ETF. This ETF gives investors exposure to a diversified portfolio of ASX-listed resources shares. This includes many of the largest and most liquid ASX-listed companies that generate at least 50% of their revenues or assets from the Australian resources sector. Among the ETF’s holdings are the likes of BHP Group Ltd (ASX: BHP), Newcrest Mining Ltd (ASX: NCM), Rio Tinto Limited (ASX: RIO), and Woodside Petroleum Limited (ASX: WPL).

The post 3 ETFs for ASX investors to check out next week 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

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 and has recommended Betashares Crypto Innovators ETF. The Motley Fool Australia has no position in any of the stocks mentioned. 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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2 high yield ASX dividend shares brokers rate as buys

While the outlook for interest rates is becoming increasingly positive, it is still likely to be some time before rates are at a sufficient level for income investors.

In light of this, ASX dividend shares could remain the best option for them in the near term. But which dividend shares could be top options?

Two high yield options to consider are listed below. Here’s what you need to know about them:

Adairs Ltd (ASX: ADH)

The first ASX dividend share to look at is this furniture and homewares retailer. Its shares have been hammered this year due to its poor performance during the first half.

However, it is worth noting that this was driven by COVID lockdowns, which led to Adairs losing almost a third of its trading days during the period. On a like for like basis and adjusted for closures, its sales were up 2.7% year on year.

Analysts at Morgans believe now is not the time to throw the towel in. The broker thinks the sell down of Adairs shares was overdone and has created a buying opportunity. So much so, it has put an add rating and $3.50 price target on its shares.

As for dividends, it is forecasting fully franked dividends of 19 cents per share in FY 2022 and 26 cents per share in FY 2023. Based on the current Adairs share price of $2.95, this will mean yields of 6.4% and 8.8%, respectively.

South32 Ltd (ASX: S32)

Another ASX dividend share to look at is this mining giant. It has been tipped to generate strong free cash flow and pay big dividends in the coming years.

This is being supported by demand for commodities such as aluminium and the recent acquisition of a stake in the Sierra Gorda copper mine in Chile.

Analysts at Goldman Sachs expect South32 to pay fully franked dividends that equate to yields of 8% in FY 2022 and then 14% in FY 2023 and FY 2024.

The broker also sees plenty of upside for the South32 share price at current levels. It has a conviction buy rating and $5.90 price target on the miner’s shares. This compares to the current South32 share price of $4.82.

The post 2 high yield ASX dividend shares brokers rate as buys 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

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 and has recommended ADAIRS FPO. The Motley Fool Australia owns and has recommended ADAIRS FPO. 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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2 exciting small cap ASX shares for your watchlist

A man sits bolt upright watching something intently on his television.

A man sits bolt upright watching something intently on his television.

The small end of the Australian share market is home to a number of companies with the potential to grow materially in the future.

Two that investors might want to get better acquainted with are listed below. Here’s why they should be on your watchlist:

Hipages Group Holdings Ltd (ASX: HPG)

The first small cap ASX share to look at is Hipages. It is a leading Australian-based online platform and software as a service (SaaS) provider connecting consumers with trusted tradies. While its first half performance was a little on the disappointing side due to the negative impact of lockdowns on tradie subscriptions, management expects a swift rebound now restrictions are easing. In addition, its performance looks set to be boosted by a recent acquisition in New Zealand and partnership with leading property management platform Bricks + Agent.

Goldman Sachs also remains confident that a post-lockdown rebound is coming. After which, the broker believes Hipages is well-placed for strong long term growth as it grows its ecosystem into a huge addressable market. Goldman has a buy rating and $3.60 price target on its shares.

Whispir Ltd (ASX: WSP)

Another small cap ASX share to watch is Whispir. It is a global scale SaaS company that provides a communications workflow platform that automates interactions between organisations and people. Its products have been in-demand with businesses across the globe, which has underpinned strong recurring revenue growth in recent years. Pleasingly, this continued in the first half of FY 2022, with Whispir reporting annualised recurring revenue (ARR) of $60 million. This was up from $47.4 million or 26.6% from a year earlier but is still only scratching at the surface of its massive addressable market.

Shaw and Partners is positive on Whispir and was impressed with its first half performance. Its analysts currently have a buy rating and $4.85 price target on its shares.

The post 2 exciting small cap ASX shares for your watchlist 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

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 and has recommended Alcidion Group Ltd, BIGTINCAN FPO, and Whispir Ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Booktopia Group Limited. The Motley Fool Australia has recommended Alcidion Group Ltd, BIGTINCAN FPO, and Whispir 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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