These fantastic ASX 200 tech shares have been named as buys by analysts

A player with tech goggles inside the metaverse

A player with tech goggles inside the metaverse

Investors looking for tech sector exposure might want to check out the two ASX 200 shares listed below.

That’s because brokers are feeling very positive about these shares and are tipping them as buys at current levels. Here’s what to need to know:

Altium Limited (ASX: ALU)

The first ASX 200 tech share that could be a buy is Altium.

It is a printed circuit board (PCB) design software provider behind the industry-leading Altium Designer platform.

This software is used by many of the biggest companies and organisations in the world for their PCB designs. This includes Microsoft, NASA, and Tesla.

The good news is that demand for this type of specialist software is expected to grow strongly in the future. This is due to a number of tailwinds such as artificial intelligence and the Internet of Things.

Morgan Stanley is a fan of this ASX 200 tech share. It currently has an overweight rating and $43.50 price target on Altium shares.

WiseTech Global Ltd (ASX: WTC)

Another ASX 200 tech share that has been named as a buy is WiseTech Global. Like Altium, its software is also industry-leading.

That software is the CargoWise One logistics management platform. It is integral to the global logistics industry, allowing users to execute complex logistics transactions and manage freight operations from a single, easy to use platform.

Demand and usage continues to grow for CargoWise, which is underpinning stellar recurring revenue growth. And thanks to the stickiness of the platform, bolt-on acquisitions, and organic growth, WiseTech Global has been tipped to continue its growth long into the future.

Ord Minnett, for example, is also a big fan of WiseTech Global. It currently has an accumulate rating and $90.00 price target on its shares.

The post These fantastic ASX 200 tech shares have been named as buys by analysts appeared first on The Motley Fool Australia.

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