Although the tech sector has fallen out of favour this year, I still believe the long term fundamentals are very positive and having exposure to the sector is a good thing for a portfolio.

But which ASX tech shares should you buy? Two that analysts are tipping as buys are listed below. Here’s what you need to know about them:

Altium Limited (ASX: ALU)

The first ASX tech share to look at is Altium. It is the company behind the Altium Designer printed circuit board design (PCB) software.

PCBs are the boards you find in electronic devices. They are integral to their operation and come in all shapes and sizes, which means that specialist software is required for their design.

The good news is that Altium’s software is regarded as the best in the industry. A testament to this is the high profile companies and organisations using it such as BAE Systems, Dell, Microsoft, NASA, and Tesla.

With demand increasing thanks to favourable tailwinds such as the IoT and AI booms, management is forecasting strong growth over the coming years. This includes growing its revenue to US$500 million by 2026. This will be more than double FY 2022’s revenue of US$220.8 million.

The team at Jefferies appears confident on the company’s outlook. Its analysts currently have a buy rating and $42.32 price target on its shares.

Life360 Inc (ASX: 360)

Another ASX tech share that has been tipped as a buy is Life360.

It is a location technology company that operates in the digital consumer subscription services market. Its key offering is the eponymous Life360 app, which has over 40 million active users. This app offers families features such as communications, driver safety, and location sharing.

Goldman Sach is very bullish on the company due to its massive market opportunity. It highlights that “Life360 is exposed to a US$12bn global TAM with a large opportunity to expand its product suite, grow average revenue per paying circle (ARPPC), increase payer conversion, and lift penetration rates outside of the US.”

The broker currently has a buy rating and $7.50 price target on the company’s shares.

The post Analysts name the ASX tech shares to buy right now appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• Why Ainsworth, Life360, Temple & Webster, and Whitehaven Coal are charging higher
• Top brokers name 3 ASX shares to buy today
• Why Best & Less, Cettire, Life360, and Paradigm shares are sinking today
• Goldman Sachs gives its verdict on the Altium share price
• Life360 share price lower despite takeover talks

Motley Fool contributor James Mickleboro has positions in Altium and Life360, Inc. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Altium and Life360, Inc. 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.

from The Motley Fool Australia https://ift.tt/AYTOlKb

November has been another volatile month for the S&P/ASX 200 Index (ASX: XJO) lithium share sector.

Some of the biggest lithium miners have seen double-digit declines in recent times.

The Pilbara Minerals Ltd (ASX: PLS) share price is down more than 16% since 9 November 2022.

Since 14 November 2022, the Allkem Ltd (ASX: AKE) share price has dropped by 17%.

IGO Ltd (ASX: IGO) shares have dropped around 8% since 14 November 2022.

However, it has been a positive run for the miner Mineral Resources Limited (ASX: MIN). The share price has risen 3.5% since 14 November 2022, perhaps thanks to the rising iron ore price.

Have we seen the peak for the ASX 200 lithium shares? One broker thinks that the future for these businesses is still compelling.

UBS confident on the future

According to reporting by The Australian, the analyst Dim Ariyasinghe from UBS said the broker still has long-term conviction with the outlook for lithium. Its view “remains strong” despite “short-run jitters”.

The expert reportedly noted “near-term risks” relating to electric vehicle demand because of increasing uncertainty and disruption caused by COVID-19 cases in China. There is an expected cut of Chinese electric vehicle subsidies, as well as slowing demand for electric vehicles from the European Union and China.

But, in promising commentary for lithium investors, the analyst said:

However, our view on the medium-term and long-term remains positive and has actually increased due to additional policy support for EVs.

Which ASX 200 lithium shares does the broker prefer?

While all of the businesses may have operations in the lithium sector, they have different valuations, different growth plans and different financials.

It was reported by the newspaper that of the four lithium miners in this article, two are rated as buys – Allkem and Mineral Resources.

Next, the broker is neutral-rated on IGO shares, remembering that only part of this business is related to lithium mining.

Finally, UBS has a sell rating on Pilbara Minerals shares. Keep in mind that the Pilbara Minerals share price has doubled over the past six months. The price target of $3.05 would represent a fall of around a third – but if the Pilbara Minerals share price dropped to $3 tomorrow it would still be up by 30% over the past six months.

The post Getting cold feet on ASX 200 lithium shares? Here’s why UBS ‘remains positive’ appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• 2 ASX lithium shares to buy, and 3 to sell: brokers
• Here are the top 10 ASX 200 shares today
• Move over Pilbara! Fundie tips ASX 200 lithium stock with an ‘enormous expansion opportunity’ a buy
• Here are the 3 most heavily traded ASX 200 shares on Wednesday
• Why this ASX 200 dividend share could be an income gold mine hiding in plain sight

Motley Fool contributor Tristan Harrison 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.

from The Motley Fool Australia https://ift.tt/VdUxeKh

If you are looking to bolster your portfolio with some blue chip ASX 200 shares, you may want to look at the two listed below.

Here’s why these blue chip shares are highly rated by experts right now:

REA Group Limited (ASX: REA)

The first blue chip ASX 200 share to look at is REA Group. It is the leading player in online real estate listings in the Australian market with its realestate.com.au website.

This website continues to dominate the local market, helping the company deliver a 16% increase in revenue to $305 million and an 11% lift in operating EBITDA to $131 million during the first quarter despite the housing market downturn.

This was underpinned by 121.9 million average monthly visits during the period, which is 3.3 times more visits than the nearest competitor.

Goldman Sachs was pleased with the update and remains bullish on the future. In response, the broker has retained its buy rating with a $159.00 price target on its shares.

Treasury Wine Estates Ltd (ASX: TWE)

Another ASX 200 blue chip share that could be a top option for investors is Treasury Wine.

It is one of the world’s leading wine companies and the owner of a portfolio of popular wine brands. The jewel in the crown is of course the Penfolds brand, which continues to generate significant sales for Treasury Wine even after being kicked out of China.

Looking ahead, thanks to the success of its premiumisation strategy and strong demand in the United States, the team at Morgans believes the “foundations are now in place for TWE to deliver strong earnings growth from the 2H22 over the next few years.”

Morgans has an add rating and $15.71 price target on its shares.

The post Experts say these ASX 200 blue chip shares are buys appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#43B02A”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#43B02A”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• Here are the top 10 ASX 200 shares today
• I’d aim for $1 million in retirement buying just 10 ASX 200 shares
• 3 ASX 200 shares analysts are tipping for stellar growth
• Markets are nervous. Why waiting to buy these ASX 200 shares could prove expensive
• 3 dividend-paying ASX growth shares I would buy to retire rich

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 REA Group Limited and Treasury Wine Estates Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

from The Motley Fool Australia https://ift.tt/0pPzmtk

ASX lithium shares have been the market darlings of 2022 but some brokers’ enthusiasm is starting to wane — at least on some of them.

Let’s take a look at which lithium shares remain in favour and which ones the experts recommend selling.

The ASX lithium shares to buy

According to The Australian, UBS reckons Allkem Ltd (ASX: AKE) is the pick of the ASX lithium shares right now. It has a buy rating on Allkem as well as Mineral Resources Limited (ASX: MIN).

According to the Australian Financial Review (AFR), Jarden Securities also likes Allkem and Mineral Resources.

Jarden rates Allkem a buy with a 12-month share price target of $17.71. That implies an upside of about 30% based on the closing Allkem share price of $13.65 on Wednesday. Allkem is up 3.41% today.

Jarden also has a buy rating on Leo Lithium Ltd (ASX: LLL) with a share price target of $1.19. That implies an upside of about 54% based on Leo Lithium’s closing share price of 54.5 cents, up 5.83% today.

Jarden also has an overweight rating on Mineral Resources shares. The Mineral Resources share price closed at $87.42 today, up 4.36% for the day.

The ASX lithium shares to sell

Both UBS and Jarden have sell ratings on Pilbara Minerals Ltd (ASX: PLS).

Many brokers have flagged recently that it’s probably time for investors to cash in on the meteoric rise of the Pilbara Minerals share price. It has almost doubled in value in just six months.

Today, Pilbara Minerals shares finished at $4.66, up 3.79%. Jarden has a 12-month share price target of $3.65 on the stock, implying a potential downside of 22%

Jarden also rates Core Lithium Ltd (ASX: CXO) shares a sell. The Core Lithium share price has crashed by 30% in 12 days.

However, even taking this recent decline into account, the shares are up by more than 110% in 2022 overall.

What’s going on with lithium prices?

As my Fool colleague Bernd writes today, investors are worried that lithium commodity prices are due for a correction. The mineral hit record prices earlier this month and they have gradually fallen since.

This is largely due to China, which is the world’s top producer of electric vehicles (EVs) and thus a big buyer of lithium.

Soaring COVID-19 cases in China, the government’s zero-COVID policy, ongoing lockdowns, and a slowdown in EV sales are causing market ructions for the commodity itself, as well as ASX lithium shares.

The post 2 ASX lithium shares to buy, and 3 to sell: brokers appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• Getting cold feet on ASX 200 lithium shares? Here’s why UBS ‘remains positive’
• Here are the top 10 ASX 200 shares today
• Here are the 3 most heavily traded ASX 200 shares on Wednesday
• Why has the Core Lithium share price crashed 30% in 12 days?
• Why this ASX 200 dividend share could be an income gold mine hiding in plain sight

Motley Fool contributor Bronwyn Allen has positions in Allkem Limited and Core Exploration Ltd. 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.

from The Motley Fool Australia https://ift.tt/NJX5xIB