If you’re a fan of tech shares, then you may want to look closely at the two listed below.

Here’s why these could be tech shares to buy:

Altium Limited (ASX: ALU)

The first tech share for investors to look at is Altium. It is the electronic design software provider behind the Altium 365 and Altium Designer platforms. In addition, the company owns the Nexus collaboration platform and the Octopart search engine for electronic parts.

Importantly, all of Altium’s platforms have exposure to the printed circuit board (PCB) market, which is growing strongly thanks to industry trends such as Internet of Things (IoT) and artificial intelligence.

Analysts at Bell Potter are bullish on Altium and are forecasting strong growth in the coming years. In light of this, the broker has a buy rating and $41.25 price target on the company’s shares. Based on the latest Altium share price of $28.76, this implies potential upside of 43% over the next 12 months.

Megaport Ltd (ASX: MP1)

Another ASX tech share that could be a buy in June is Megaport. It is a leading cloud connectivity and networking solutions provider with operations across a large number of data centres globally.

Megaport has been tipped to grow rapidly in the coming years by Goldman Sachs thanks to the long-term structural tailwinds of public cloud adoption (and multi-cloud usage).

In addition, the transition towards Networking as a Service (NaaS) is expected to be a key driver of its growth. All in all, Goldman estimates that these tailwinds currently provide it with a $129 billion per annum opportunity across its current geographies.

The broker has a buy rating and $13.10 price target on its shares. Based on the current Megaport share price of $7.31, this suggests potential upside of 79% over the next 12 months.

The post Analysts say these ASX tech shares have over 40% upside appeared first on The Motley Fool Australia.

More reading

• Why I think these 3 ASX shares are top-quality buying at today’s prices
• 3 ASX growth shares brokers rate as buys right now
• 3 reasons to own Altium shares for the long term
• You won’t find more profitable ASX tech shares than these companies right now
• ASX 200 midday update: BlueScope and Fortescue rise, Boral tumbles

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 positions in and has recommended Altium and MEGAPORT FPO. The Motley Fool Australia has recommended MEGAPORT FPO. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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Looking for dividend shares for you income portfolio? If you are, you may want to check out the two listed below that have been rated as buys by analysts.

Here’s what you need to know about these ASX 200 dividend shares:

Harvey Norman Holdings Limited (ASX: HVN)

The first ASX 200 dividend share that could be in the buy zone is retail giant Harvey Norman.

The team at Goldman Sachs is positive on the retailer and believes it is well-placed to defend its strong market position from online disruption. The broker also expects Harvey Norman to provide investors with generous dividends in the near term.

Its analysts are forecasting fully franked dividends per share of 42 cents in FY 2022 and 39 cents in FY 2023. Based on the current Harvey Norman share price of $4.38, this will mean yields of 9.6% and 8.9%, respectively.

Goldman has a buy rating and $5.80 price target on its shares.

South32 Ltd (ASX: S32)

Another ASX 200 dividend share that could be a buy is South32. It is diversified mining and metals company producing a range of green commodities.

Morgans is a big fan of the company following recent portfolio changes. It commented: “We see attractive long-term value potential in S32 from de-risking of its growth portfolio, the potential for further portfolio changes, and an earnings-linked dividend policy.”

In respect to dividends, Morgans is forecasting fully franked dividends in the region of 26 cents per share in FY 2022 and 35 cents per share in FY 2023. Based on the current South32 share price of $5.00, this equates to yields of 5.2% and 7%, respectively.

Morgans has an add rating and $6.10 price target on the miner’s shares.

The post Experts name 2 excellent ASX 200 dividend shares to buy appeared first on The Motley Fool Australia.

More reading

• Here are the 3 most traded ASX 200 shares on Tuesday
• I think these 2 high-yield ASX dividend shares are buys in June
• Why this rich lister is buying ASX dividend shares that ‘pay you to wait’
• Here are the 3 most traded ASX 200 shares on Monday
• Broker names 2 of the best ASX resources shares to buy now

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 positions in and has recommended Harvey Norman Holdings Ltd. The Motley Fool Australia has positions in and has recommended Harvey Norman Holdings Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Lynas Rare Earths Ltd (ASX: LYC) share price has soared in May, but could it go even higher in June?

The rare earth producer’s share price has jumped nearly 10% from $8.96 at market open on 2 May to its closing share price of $9.85 on Tuesday. In contrast, the S&P/ASX 200 Index (ASX: XJO) has dropped 3% over the same time frame.

So what is the outlook for the Lynas share price?

Positive outlook

Lynas is exploring and processing rare earth minerals at the Mt Weld project in Western Australia. The company also has a refining facility in Malaysia.

One analyst has suggested Lynas is the “sweet spot of decarbonisation” and rated the company as a buy in early May. Alphinity Investment Management principal Stephane Andre said:

Lynas is the one I’m proposing, which is a buy for me. It is really at the sweet spot of decarbonisation and geopolitical diversification. So when you think about decarbonisation, rare earth is really critical for wind turbines, electric vehicles and so on.

As my Foolish colleague Bernd reported, Lynas is the only large rare earths producer outside of China.

In the first quarter of 2022, Lynas reported record Neodymium-Praseodymium (NdPr) production of 1,687 tonnes. The company also achieved record sales revenue of $327.2 million.

Another broker that has recently recommended Lynas shares is Canaccord. Amid ASX mining share volatility, its analysts recommend investing in sector leaders with “robust balance sheets” and earnings growth in the near term. The team added:

…particularly those with leverage to attractive long-term supply/demand fundamentals such as Allkem, Lynas Rare Earths, and Oz Minerals.

In early May, Macquarie also placed an outperform rating on the company’s shares with a $12.80 price target. As my Foolish colleague James reported, Macquarie likes Lynas’ boost in production and is optimistic it could experience strong growth in FY 2023.

Share price snapshot

The Lynas share price has surged by more than 78% in the past year but has fallen around 3% in the year to date.

For perspective, the benchmark S&P/ASX 200 Index (ASX: XJO) has returned less than 1% in the past year.

Lynas has a market capitalisation of about $8.9 billion based on today’s share price.

The post What’s the outlook for Lynas share price in June? appeared first on The Motley Fool Australia.

More reading

• Own Lynas shares? So do these big institutional investors
• The Lynas share price has surged 15% in 2 weeks. What’s the deal?
• Here are the top 10 ASX shares today
• Why is the Lynas share price powering ahead today?
• Falling ASX 200 mining shares ‘an opportunity to invest in sector leaders’: broker

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 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 Scott Phillips.

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The TechnologyOne Ltd (ASX: TNE) share price had a reasonably volatile month.

The enterprise software company’s shares were down over 8% month to date at one stage before ultimately ending the period right back where they started it.

Where next for the TechnologyOne share price?

The TechnologyOne share price may have been flat in May but one leading broker is tipping it to climb higher in June.

According to a recent note out of Goldman Sachs, its analysts have put a buy rating and $13.30 price target on the company’s shares.

Based on the current TechnologyOne share price of $10.50, this implies potential upside of 27% for investors over the next 12 months.

What did the broker say?

Goldman has been looking over TechnologyOne’s recent half-year results and was pleased with what it saw. This was particularly the case with its annual recurring revenue (ARR) growth, which offset softer than expected margins.

Overall, it feels that this supports its view that the company is well-positioned to at least achieve its medium term ARR target. The broker also likes the company’s defensive qualities in a potentially challenging environment.

Goldman commented:

TNE reported a solid 1H22 result with a stronger-than-expected FY22 ARR outlook offset by softer margins. In our view, TNE is making meaningful strides on the path to A$500mn ARR driven by both an acceleration in the pace of SaaS transition as well as improving underlying fundamentals (net expansion and new business).

Execution on new business growth in the UK and cross-sell into the existing customer base (supported by lower friction to adoption on the SaaS platform) will be key determinants in TNE’s growth post-transition, which we believe will become increasingly evident in coming years.

With a potentially challenging macro backdrop on the horizon we see TNE as offering resilient earnings given its low churn, mission critical software and defensive public sector end markets.

The post Why the TechnologyOne share price could be a top option for investors in June appeared first on The Motley Fool Australia.

More reading

• 2 top ASX shares that could be excellent buy and hold options
• 2 beaten-up ASX tech shares with major upside: experts
• Leading broker names the best ASX tech share to buy following 2022’s tech meltdown
• Top brokers name 3 ASX shares to buy today
• Why Nufarm, Sayona Mining, Tabcorp, and TechnologyOne shares are falling

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 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 Scott Phillips.

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