Are you wanting to gain some exposure to the tech sector? If you are, then you might want to consider the two tech shares named below that Goldman Sachs is recommending as buys.

Especially with the broker tipping major upside potential ahead for their shares. Here’s what it is saying:

Life360 Inc (ASX: 360)

This location technology company is highly rated by analysts at Goldman Sachs. The broker has a buy rating and $7.85 price target on the ASX tech share.

Based on the current Life360 share price of $5.52, this implies potential upside of 42% for investors over the next 12 months.

Goldman highlights that its shares have undeservedly underperformed peers this year, which it feels has created a buying opportunity. Particularly given its high growth outlook and latent operating leverage. It explains:

Life360 has underperformed domestic and offshore peers YTD and continues to trade at a material valuation discount when adjusting for its robust growth outlook. The company is trading at ~2.7x FY24 EV/GP (vs ~6x key peers) and we believe reaching break-even and demonstrating resumption in paying circle growth can serve as catalysts to refocus investor attention on Life360’s strong balance sheet, high growth outlook and latent operating leverage. Our estimates and A$7.85/CDI TP are unchanged, and we reiterate Buy.

Temple & Webster Group Ltd (ASX: TPW)

Another ASX tech share that Goldman Sachs is bullish on is Temple & Webster.

It currently has a conviction buy rating and $6.10 price target on the online furniture retailer’s shares. This suggests that its shares could rise approximately 60% from current levels.

Goldman believes that the company’s position as the largest pure-play online home retailer leaves it perfectly placed for the future thanks to structural growth drivers. It said:

We see a long term structural growth opportunity driven by increasing online penetration and consolidation of online market share. We think TPW is best placed to be a winner in a category that favours scale players, requires a specialist approach to e-commerce and logistics, has higher barriers to entry vs. other categories. The category remains under-penetrated relative to other markets (16% vs. the UK/US at 25-30%) even after a large pull forward in online; we expect online penetration to reach similar levels over time and expect TPW to be a beneficiary of this shift. We are Buy rated (on CL) on the stock.

The post Goldman Sachs names 2 ASX tech shares to buy with massive upside appeared first on The Motley Fool Australia.

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More reading

• Leading brokers name 3 ASX shares to buy today
• Here are the top 10 ASX 200 shares today  
• Which ASX retail shares could be ‘most impacted’ by Amazon’s rapid growth?
• Here are the 10 most shorted ASX shares
• Brokers name 3 ASX shares to buy now

Motley Fool contributor James Mickleboro has positions in Life360. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Life360 and Temple & Webster Group. The Motley Fool Australia has recommended Temple & Webster Group. 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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If you’re looking for exposure to the healthcare sector, then Ramsay Health Care Ltd (ASX: RHC) could be the way to do it.

That’s the view of analysts at Morgans, which see major upside ahead for this ASX 200 healthcare share.

What is the broker saying about this ASX 200 healthcare share?

In response to a recent trading update, the team at Morgans has retained its add rating with a slightly trimmed $75.57 price target.

Based on the current Ramsay share price of $60.58, this implies potential upside of 25% for this ASX 200 healthcare share over the next 12 months.

In addition, the broker is forecasting a 2.2% dividend yield over the next 12 months, boosting the total potential return on offer with its shares even further.

What did it say?

While the broker wasn’t blown away by Ramsay Health Care’s trading update, it was pleased with underlying trends. It explained:

A nine-month FY23 trading update highlighted improving volumes across all regions on increased surgical activity, although margins and profit lagged. While COVID-related headwinds are subsiding, labour shortages and inflationary pressures remain, dampening a full recovery in underlying profitability.

The good news is that Morgans expects these headwinds to ease in time and for its profits to rebound. It adds:

While the operating environment remains unpredictable and dynamic, with doctor/patient behaviour, inflation and workforce issues all defining the earnings profile, higher activity and improving (albeit slowly) productivity are suggestive of growing momentum.

All in all, the sum of the above is that the broker believes that this makes Ramsay an ASX 200 health care share to buy right now for patient investors.

The post Buy this ASX 200 healthcare share for a 25% return: broker appeared first on The Motley Fool Australia.

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More reading

• 3 ASX 300 shares being bought up by insiders
• 4 ASX 200 shares just upgraded by brokers
• Why Amcor, oOh!Media, Ramsay, and Woodside shares are falling today
• 3 ASX 200 stocks getting hammered following trading updates
• CSL shares dip despite new FDA approval

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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The Wesfarmers Ltd (ASX: WES) share price declined 0.29% today amid the speculation that the ASX retail share is interested in making another acquisition.

Wesfarmers is best known for owning businesses like Bunnings, Kmart and Officeworks. But, it has a growing portfolio of businesses that are in other sectors. The Wesfarmers chemicals, energy and fertiliser (WesCEF) business is the home of a number of the compelling industrial areas of the business, including the lithium project at Mt Holland.

Takeover plans?

According to reporting by The Australian, Wesfarmers is one of the potential buyers of Alinta Energy’s Western Australia assets.

There could be synergy between the businesses considering Wesfarmers already operates Kleenheat which “produces, imports and distributes liquefied petroleum gas (LPG) to residential and commercial markets across WA and NT through a comprehensive network of distribution centres and dealers, as well as retailing natural gas to residential and commercial markets, and electricity to businesses in WA”, according to Wesfarmers.

What are the Alinta assets that Wesfarmers may buy?

The Australian reported that it’s the majority of Alinta Energy’s Pilbara operations. Alinta will reportedly retain operational control and a minority stake.

Newman Power Station may be viewed as the key asset, which has a gas and distillate power station, with a battery storage system.

There is also an 11.8% stake in the 1,380km Goldfields gas pipeline, which transports gas from the Carnarvon basin producers in the northwest of the state to Kalgoorlie in the southeast. APA Group (ASX: APA) owns the rest of that particular pipeline asset.

It was reported that the power station generates 15% of Alinta’s earnings before interest, tax, depreciation and amortisation (EBITDA). It’s currently gas and diesel-powered, but it is being sold to investors with the idea that it can be powered by cleaner fuel.

Is anyone else interested?

The Australian reported that there are a number of different interested parties including private equity players Pacific Equity Partners and EQT, as well as Gina Rhinehart, CKI, Queensland Investment Corporation, APA Group, Andrew Forrest and Macquarie Group Ltd (ASX: MQG).

So, while there is a lot of competition, it was reported that APA is “highly motivated” to try to win the asset.

Foolish takeaway

Time will tell which group is successful in buying these assets. But, if it is Wesfarmers, then that will diversify the company’s earnings even more, which could be a benefit for the Wesfarmers share price.

The post The Wesfarmers share price was in the red today despite green energy acquisition rumours appeared first on The Motley Fool Australia.

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More reading

• Which ASX retail shares could be ‘most impacted’ by Amazon’s rapid growth?
• Is Wesfarmers a diversified ASX 200 stock?
• Could Wesfarmers shares get a boost from further acquisitions?
• Dalio says US and China ‘on brink of war’. Which ASX shares could be impacted?
• 6 excellent ASX 200 dividend shares that aren’t banks or miners

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 positions in and has recommended Apa Group, Macquarie Group, and Wesfarmers. 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 S&P/ASX 200 Index (ASX: XJO) slipped into the red on Tuesday, closing today’s session 0.17% lower at 7,264.1 points.

Weighing on the market was the S&P/ASX 200 Real Estate Index (ASX: XRE). It slumped 1.4% today.

It was also a rough session for the S&P/ASX 200 Information Technology Index (ASX: XIJ), which fell 0.7% on the back of disappointing performances from stock in BrainChip Holdings Ltd (ASX: BRN) and Megaport Ltd (ASX: MP1).

At the other end of the market, the S&P/ASX 200 Financials Index (ASX: XFJ) outperformed, rising 0.5%, while the S&P/ASX 200 Industrials Index (ASX: XNJ) lifted 0.3%.

But today’s top-performing ASX 200 share didn’t belong to either sector. Let’s take a look at what drove it to outperform all others on Tuesday.

Top 10 ASX 200 share countdown

The index’s biggest gain on Tuesday was posted by healthcare share Imugene Limited (ASX: IMU). The stock rose 8.7% today despite no word having been released by the company.

These shares made today’s biggest gains:

ASX-listed company	Share price	Price change
Imugene Limited (ASX: IMU)	$0.125	8.7%
Mineral Resources Ltd (ASX: MIN)	$73.50	2.93%
Worley Ltd (ASX: WOR)	$16.47	2.87%
Allkem Ltd (ASX: AKE)	$12.83	2.8%
Macquarie Group Ltd (ASX: MQG)	$177.43	2.27%
BlueScope Steel Limited (ASX: BSL)	$20.22	2.07%
Insignia Financial Ltd (ASX: IFL)	$3.06	2%
Pilbara Minerals Ltd (ASX: PLS)	$4.69	1.96%
Hub24 Ltd (ASX: HUB)	$27.73	1.91%
Champion Iron Ltd (ASX: CIA)	$6.65	1.53%

Our top 10 shares countdown is a recurring end-of-day summary to let you know which companies were making big moves on the day. Check in at Fool.com.au after the weekday market closes to see which stocks make the countdown.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

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More reading

• Here are the 3 most heavily traded ASX 200 shares on Tuesday
• Why Arafura Rare Earths, Imugene, Pilbara Minerals, and Worley are charging higher
• 2 ASX All Ords shares defying Tuesday’s slump to crack multi-year highs
• What’s with ASX 200 lithium stocks today?
• No savings at 40? Here’s how I’d aim to build a passive income of $3,000 a month

Motley Fool contributor Brooke Cooper 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 Hub24 and Megaport. The Motley Fool Australia has positions in and has recommended Macquarie Group. The Motley Fool Australia has recommended Hub24 and Megaport. 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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