Tag: Motley Fool

Once again, a large number of broker notes hit the wires last week. Some of these notes were positive and some were bearish.

Three sell ratings that caught my eye are summarised below. Here’s why top brokers think investors ought to sell these shares next week:

A2 Milk Company Ltd (ASX: A2M)

According to out of Citi, its analysts have retained their sell rating and $5.85 price target. The broker has been looking into Chinese online retailers and notes that domestic infant formula producers are becoming increasingly popular with consumers. This has led to a2 Milk dropping down in its sales rankings. Outside this, the broker remains bearish on the company’s prospects and suspects that there is downside risk to its margins over the longer term. The a2 Milk share price ended the week at $6.34.

Afterpay Ltd (ASX: APT)

A note out of UBS reveals that its analysts have retained their sell rating and lowly $37.00 price target on this payments company’s shares. This follows news that Afterpay is expanding its pay anywhere offering in the United States to cover 12 major retailers including Amazon. While the broker sees positives from the offering, it has concerns over the impact it may have on existing integrated merchant partners. It points out that Afterpay has used existing merchants to acquire customers but is now leveraging those customers to drive sales for their competitors. The Afterpay share price was fetching $129.00 at Friday’s close.

Commonwealth Bank of Australia (ASX: CBA)

Analysts at Morgan Stanley have retained their underweight rating and $89.50 price target on this banking giant’s shares. This follows news that Commonwealth Bank is selling its general insurance business for an upfront fee of $625 million. While the broker expects this to boost its CET1 ratio and support a significant share buyback in August, it isn’t enough for a change of rating. Morgan Stanley notes that its shares are trading on record multiples and appears to believe there are better investment opportunities out there. The Commonwealth Bank share price ended the week at $99.26.

The post Top brokers name 3 ASX shares to sell next week appeared first on The Motley Fool Australia.

More reading

• These were the best-performing ASX 200 shares last week
• The Sezzle (ASX:SZL) share price has lifted 15% this week
• What moved CBA (ASX:CBA) shares this week?
• Brokers name 3 ASX shares to buy today
• Citi plans to disrupt Afterpay (ASX:APT) and Zip (ASX:Z1P)

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 shares of and has recommended AFTERPAY T FPO. The Motley Fool Australia owns shares of and has recommended AFTERPAY T FPO. The Motley Fool Australia has recommended A2 Milk. 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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Exchange traded funds (ETFs) can be a fantastic way to balance out your portfolio. This is because ETFs provide investors with easy access to a large and diverse group of shares that you wouldn’t normally have access to.

With that in mind, I have picked out two ETFs that are popular with investors right now. Here’s what you need to know about them:

iShares S&P 500 ETF (ASX: IVV)

The first ETF for investors to look at is the iShares S&P 500 ETF. It aims to provide investors with the performance of the famous S&P 500 Index, before fees and expenses. This index has been designed to measure the performance of large capitalisation US equities.

BlackRock, which runs the ETF, notes that it gives investors exposure to the top 500 U.S. stocks through a single investment. It feels this can be used to diversify internationally and seek long-term growth opportunities for a portfolio. Among the ETF’s largest holdings are Amazon, Apple, Berkshire Hathaway, Facebook, JP Morgan, Johnson & Johnson, Microsoft, and Tesla.

Over the last 10 years, the fund has generated an average return of 17.9% per annum.

VanEck Vectors Video Gaming and eSports ETF (ASX: ESPO)

Another ETF to look at is the VanEck Vectors Video Gaming and eSports ETF. It gives investors exposure to a portfolio of companies involved in video game development, hardware, and esports.

VanEck notes that there are 2.7 billion active gamers in the world, which is more than Netflix subscriptions and active Apple devices. Furthermore, the gaming industry is disrupting traditional sports and media and is experiencing a period of transformative growth.

Among the companies included in the fund are giants such as graphics processing unit developer Nvidia and game developers Activision Blizzard, Take-Two and Electronic Arts. Take-Two is the company behind the Grand Theft Auto and Red Dead franchises. Whereas Electronic Arts is the company that makes the FIFA and Madden NFL series and Activision Blizzard is behind the Call of Duty series.

The index the fund tracks has generated a return of 33.6% per annum over the last five years.

The post 2 high quality ETFs for ASX investors appeared first on The Motley Fool Australia.

More reading

• 3 ASX ETFs that could give investors easy exposure to the US markets
• 2 ASX shares that could be worth looking at this weekend
• 3 excellent ETFs for ASX investors
• 2 exciting tech ETFs for ASX investors this month
• 2 fantastic ETFs for ASX growth investors

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 VanEck Vectors ETF Trust – VanEck Vectors Video Gaming and eSports ETF and iShares Trust – iShares Core S&P 500 ETF. 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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If you’re looking to beat low interest rates in 2021, then you might want to look at the dividend shares listed below.

Both shares offer investors attractive yields that are superior to those offered with term deposits and savings accounts. Here’s what you need to know about them:

Accent Group Ltd (ASX: AX1)

The first ASX dividend share to look at is Accent Group. It is a retail conglomerate primarily focused on the footwear market. Among its stable of brands are HypeDc, Platypus, and The Athlete’s Foot.

Accent has been growing its earnings and dividends at a solid rate in recent years. This has been driven by the increasing popularity of its store brands, exclusive offering, and its ever-expanding footprint.

Its growth has continued in FY 2021, with Accent reporting a 57.3% increase in net profit after tax to $52.8 million during the first half. Pleasingly, it has built on this during the third quarter, with Accent reporting an acceleration in its sales growth.

Bell Potter is expecting Accent’s growth to continue. The broker is forecasting dividends of 11.7 cents per share in FY 2021 and then 12.3 cents per share in FY 2022. Based on the current Accent share price of $2.76, this will mean fully franked yields of 4.25% and 4.3%, respectively.

Bell Potter has a buy rating and $3.30 price target on its shares.

Telstra Corporation Ltd (ASX: TLS)

Another ASX dividend share for income investors to look at is Telstra. Analysts are becoming increasingly bullish on the telco giant due to its improving outlook.

This is due to a combination of cost cutting, restructuring, rational competition, and a positive growth outlook in the key mobile business. The latter is being driven by its 5G leadership.

Analysts at Ord Minnett have a buy rating and $4.10 price target on its shares. The broker continues to forecast 16 cents per share fully franked dividends for the foreseeable future.

Based on the current Telstra share price of $3.59, this will mean attractive yields of almost 4.5% over the coming years.

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

More reading

• Is the Telstra (ASX:TLS) share price still good value?
• Here are 3 of the most heavily traded ASX 200 shares today
• 2 buy-rated ASX dividend shares with 4%+ yields
• The Telstra (ASX:TLS) share price is gaining today
• Why we avoid mining and biotech ASX shares: fund manager

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 owns shares of and has recommended Telstra Corporation Limited. The Motley Fool Australia has recommended Accent Group. 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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The two ASX shares in this particular article are liked by multiple brokers.

If many brokers like the same business, then it’s worth considering whether it’s an opportunity. But, there’s a chance that all of them are wrong at the same time as well.

These are two ASX shares that lots of brokers like:

Corporate Travel Management Ltd (ASX: CTD)

Corporate Travel Management is currently rated as a buy by at least seven brokers, including Citi.

Citi has a price target on the business of $23.65, which suggests a potential upside of approximately 10% over the next 12 months.

The broker believes that Corporate Travel’s balance sheet is in a good position and that the business is at a good value. At 31 March 2021, the ASX share had net cash of $105 million with no debt.

Citi also thinks that its profit could bounce back quickly. The Travel and Transport acquisition could also turn out to be a smart buy with good growth potential.

Corporate Travel says that it’s well positioned for the industry consolidation that may occur.

The ASX share believes that its highly valued delivery mix of expert service, technology and return on investment (ROI) is more relevant in a complex post-COVID environment. It continues to win “significant new clients”.

Corporate Travel is expecting to generate positive underlying earnings before interest, tax, depreciation and amortisation (EBITDA) in the fourth quarter on FY21. This will be led by the UK and EU, as well as Australia and New Zealand.

New Zealand is a standout – as of the latest update it was trading at above 160% of its FY19 booking levels.

As a result of the Travel and Transport US acquisition, and the progressed synergies, its overall revenue and EBITDA will be materially higher than FY19 on a pro forma basis after these COVID-19 impacts.

According to Citi, the Corporate Travel Management share price is valued at 44x FY22’s estimated earnings.

Newcrest Mining Limited (ASX: NCM)

Newcrest Mining is one of the largest gold miners on the ASX. It currently has a market capitalisation of around $21 billion according to the ASX.

It’s also rated as a buy by at least seven brokers. One of the brokers that likes Newcrest Mining is Morgans, with a price target of $30.95. That suggests a potential upside of almost 20% over the next 12 months, if Morgans is correct.

The broker pointed to higher silver and copper prices as reasons to be positive about Newcrest Mining. Around a fifth of the ASX share’s revenue is generated by its copper operations.

Newcrests’s latest quarterly report was for the three months to 31 March 2021. It reported lower costs and that it was on track to deliver its FY21 guidance, with growth options advanced.

Its Cadia asset reported a new record in the March 2021 quarter, with its lowest ever quarterly all-in sustaining cost of “negative $160” per ounce. It achieved a all-in sustaining cost margin of $854 per ounce.

However, the ASX share saw its gold production decline 4% compared to the three months to 31 December 2020.

As part of the last quarterly update, Newcrest managing director and CEO Sandeep Biswas said:

As part of our plan to forge an even stronger Newcrest, we continue to progress multiple organic growth options across our gold and copper assets with a number of key project milestones delivered during the period.

The post 2 ASX shares that multiple brokers think could be buys appeared first on The Motley Fool Australia.

More reading

• 5 things to watch on the ASX 200 on Friday
• Here are the best performing ASX travel shares so far in 2021
• 5 things to watch on the ASX 200 on Wednesday
• ASX 200 Weekly Wrap: ASX makes it 5 out of 5
• 5 things to watch on the ASX 200 on Monday

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 owns shares of and has recommended Corporate Travel Management 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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Betashares Global Cybersecurity ETF (ASX: HACK)

This ASX share is a cybersecurity exchange-traded fund (ETF) which gives exposure to both global large players and emerging businesses.

Worldwide spending on cybersecurity is expected to grow to almost US$250 billion by 2023. It’s expected to be US$203 billion in 2021 and it was US$137.6 billion in 2017 according to BetaShares.

When considering why should investors consider cybersecurity businesses, BetaShares says that due to the rising number of internet-connected devices across the globe, and the associated rapidly escalating cost of cybercrime, cybersecurity services can be considered a growth sector. Most major public and private organisations continue to spend more on cybersecurity in recent years.

It has an annual management cost of 0.67%.

Some of the largest businesses in the portfolio include Crowdstrike, Zscaler, Okta, Accenture, Cisco Systems, Cloudflare, Varonis Systems, Splunk, Fortinet and Cyberark Software.

Pushpay Holdings Ltd (ASX: PPH)

Pushpay is a leading electronic donation ASX share which processes billions of dollars of payments for large and medium US churches.

In FY21, Pushpay processed US$5.9 billion of donations. This was an increase of 39%. Pushpay is expecting continued growth in total processing volume driven by continued growth in the number of customers using its donor management system, further development of its product set resulting in higher adoption and usage, and increased adoption of digital giving of its customer base.

This ASX share has plans for the future.

It wants to achieve a 50% market share of donations for churches in the US. This could translate into US$1 billion of annual revenue.

Pushpay recently unveiled plans to invest between US$6 million to US$8 million in FY22 to grow in the Catholic segment of the sector. The benefits of this investment are expected to be felt over the coming years.

The growth of processing volume is turning into revenue, profit and cashflow growth.

In FY21, operating revenue increased by 40% to US$179.1 million, net profit after tax (NPAT) rose by 95% to US$31.2 million and operating cashflow increased by 145% to US$57.6.

Expanding operating leverage helped the business grow its profit quicker than revenue. Whilst operating revenue grew 40%, operating expenses only increased by 9%. As a percentage of operating revenue, total operating expenses improved by 11 percentage points from 47% to 36%.

Pushpay is expecting “significant” operating leverage to accrue as operating revenue continues to increase, while growth in operating expenses remains low.

At the current Pushpay share price, it’s valued at 32x FY22’s estimated earnings according to Commsec.

The post 2 ASX shares that could be worth looking at this weekend appeared first on The Motley Fool Australia.

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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. owns shares of and has recommended BETA CYBER ETF UNITS and PUSHPAY FPO NZX. The Motley Fool Australia owns shares of and has recommended BETA CYBER ETF UNITS and PUSHPAY FPO NZX. 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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I’m a big fan of buy and hold investing and believe it is the best way for investors to grow their wealth.

To demonstrate how successful it can be, I like to pick out a number of popular ASX shares to see how much a single $20,000 investment 10 years ago would be worth today.

This time around I have picked out the two ASX shares that are listed below:

Altium Limited (ASX: ALU)

After struggling in its early years, it has been onwards and upwards for this electronic design software company over the last 10 years. This has been driven by increasing demand for platforms that help design the printed circuit boards (PCBs) found inside almost all electronic devices. And with the Internet of Things and AI markets underpinning an explosion in electronic devices globally, demand is only expected to increase over the next decade. This bodes very well for Altium, given how its platforms are widely regarded as head and shoulders above the competition.

Altium’s strong growth over the last decade has led to its shares thoroughly outperforming the market average. During this time, the Altium share price has generated an average total return of 83.2% per annum. This would have turned a $20,000 investment into a staggering $8.5 million.

Pro Medicus Limited (ASX: PME)

Pro Medicus is a leading provider of radiology information systems (RIS), Picture Archiving and Communication Systems (PACS), and advanced visualisation solutions across the globe. Over the last 30 years, the company has been helping its clients deliver first-rate patient care by enhancing and streamlining medical practice management. Pleasingly, demand for Pro Medicus’ technology continues to increase as healthcare institutions shift away from legacy systems. This has led to many of the largest health institutions in the world signing long-term contracts in recent years.

And it isn’t hard to see why. Pro Medicus’ products and services combine speed, scalability, stability and smarts to help eliminate administrative tasks and workarounds, optimise the efficiency of clinical and administrative staff, and maximise profits.

This has resulted in strong sales and profit growth, underpinning stellar returns for its lucky shareholders. Over the last 10 years, the Pro Medicus share price has generated an average total return of 76.1% per annum. This means $20,000 invested into its shares in 2011 would be worth a massive $5.7 million today.

The post Investing $20k into these ASX shares 10 years ago would have made you very rich appeared first on The Motley Fool Australia.

More reading

• 3 stellar ASX growth shares named as buys
• Pro Medicus (ASX:PME) share price jumps 7% following broker notes
• Top brokers name 3 ASX shares to sell today
• Why Afterpay, Core Lithium, De Grey Mining, & Pro Medicus are storming higher
• ASX 200 Weekly Wrap: ASX makes it 5 out of 5

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 shares of and has recommended Altium and Pro Medicus Ltd. The Motley Fool Australia owns shares of and has recommended Altium and Pro Medicus 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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The S&P/ASX 200 Index (ASX: XJO) was out of form last week and tumbled lower. The benchmark index recorded a 0.8% decline over the five days, closing the period at 7,308 points.

Not all ASX 200 shares dropped lower with the market. Here’s why these were the best performers on the index last week:

Afterpay Ltd (ASX: APT)

The Afterpay share price was the best performer on the ASX 200 last week with a gain of 12.8%. Investors were buying the payments company’s shares after it announced the expansion of its one-time card footprint. Afterpay will now let users shop with 12 of the most popular and largest merchants in the United States. This includes Amazon, Nike, Nordstrom, Target, and Walgreens. Combined, the new additions represent almost half of all U.S. ecommerce volume.

Kogan.com Ltd (ASX: KGN)

The Kogan share price was on form at long last, recording an 11.1% gain over the five days. A good portion of this gain came at the end of the week following the outbreak of COVID-19 in Sydney. Investors appear to believe that Kogan could benefit from consumers having to shop online during lockdown.

Boral Limited (ASX: BLD)

The Boral share price was a very positive performer last week, rising 8.3% over the period. It certainly was an eventful week. At the start of the week, the building products company announced an agreement to sell its North American Building Products business to Westlake Chemical Corporation. According to the release, the two parties have agreed a fee of US$2.15 billion (~A$2.9 billion). This is expected to lead to a significant surplus in capital, which could be returned to shareholders via a distribution. Late on in the week, Seven Group Holdings Ltd (ASX: SVW) revealed that it would increase its takeover offer to $7.40 under certain circumstances.

Adbri Ltd (ASX: ABC)

The Adbri share price wasn’t far behind with a gain of 6.8% over the five days. This was despite there being no news out of the building materials company. However, with Seven Group lifting its takeover proposal for Boral, investors may also believe it deserves to trade on higher multiples and were bidding it higher.

The post These were the best-performing ASX 200 shares last week appeared first on The Motley Fool Australia.

More reading

• These were the worst-performing ASX 200 shares last week
• ASX 200 rises, Charter Hall up, Boral jumps
• Crude to $100 per barrel? 3 ASX 200 oil shares trading well below pre-COVID levels
• The Stockland (ASX:SGP) share price hit a new 52-week high today
• Here are some of the most actively traded ASX 200 shares today

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 shares of and has recommended AFTERPAY T FPO and Kogan.com ltd. The Motley Fool Australia owns shares of and has recommended AFTERPAY T FPO and Kogan.com 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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The S&P/ASX 200 Index (ASX: XJO) ran out of steam last week and took a bit of a tumble. The benchmark index fell 0.8% over the five days to 7,308 points.

While a good number of shares dropped lower with the market, some fell more than most. Here’s why these were the worst performers on the index last week:

Woolworths Group Ltd (ASX: WOW)

The Woolworths share price was the worst performer on the ASX 200 last week with a decline of 13.8%. However, this is not ordinary decline. This decline was caused by the spin-off of its drinks business. This saw Endeavour Group Limited (ASX: EDV) join the ASX 200 index on Thursday, with Woolworths’ shareholders receiving one Endeavour Group share for every Woolworths share they hold.

Codan Limited (ASX: CDA)

The Codan share price was the next worst performer with a decline of 8.8% over the five days. Investors may have been selling the metal detector-focused technology company for a couple of reasons. One is the weakening gold price outlook, which investors may fear could soften demand for its metal detectors. Also potentially weighing on its shares was some recent and significant insider selling by its CEO.

Nuix Ltd (ASX: NXL)

The Nuix share price wasn’t far behind with an 8.6% decline last week. This means the embattled investigative analytics and intelligence software provider’s shares are now down 70.2% since the start of the year. This latest decline appears to have been driven by news that a search warrant was executed at Nuix’s Sydney office seeking documents. Though, it is worth noting that it advised that this is in relation to an investigation into the affairs of an individual and does not relate to any allegation of wrongdoing by Nuix.

Mesoblast limited (ASX: MSB)

The Mesoblast share price was out of form and dropped 6.9% over the period. This was despite there being no news out of the biotechnology company last week. Though, with its shares still up over 14% since this time last month, this decline could have been caused by profit taking from some investors.

The post These were the worst-performing ASX 200 shares last week appeared first on The Motley Fool Australia.

More reading

• ASX 200 rises, Charter Hall up, Boral jumps
• Crude to $100 per barrel? 3 ASX 200 oil shares trading well below pre-COVID levels
• The Stockland (ASX:SGP) share price hit a new 52-week high today
• Here are some of the most actively traded ASX 200 shares today
• Why New Hope, Nuix, Pilbara Minerals, & Woolworths shares are dropping

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 recommended Nuix Pty Ltd. The Motley Fool Australia has recommended Nuix Pty 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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The S&P/ASX 200 Index (ASX: XJO) rose by 0.5% to 7,308 points.

Here are some of the highlights from the ASX:

Charter Hall Group (ASX: CHC)

The Charter Hall share price went up more than 2% after an update.

The ASX 200 real estate management outfit said that its funds under management (FUM) has increased after property revaluations.

It said that the FUM will see gross valuation increases of $3.3 billion, including $0.6 billion of development capital expenditure, which is expected to see group FUM rise to approximately $52 billion as at 30 June 2021.

Group FUM has increased $12 billion over the course of FY21, resulting in 28% growth of FUM.

Charter Hall’s CEO and managing director David Harrison said:

Today’s valuation outcomes demonstrate the success of our investment selection process. We’ve seen impressive valuation gains across most sectors, delivering strong returns for our investors. Our focus on securing long-leased assets to high quality tenants, often secured through off-market sale-and-leaseback transactions, or through our develop-to-core development pipeline, continues to deliver attractive enhanced returns. The net valuation growth for FY21 of $3.7 billion in addition to the $1.8 billion of capex during FY21 has complemented the $7.8 billion of acquisitions and $1.8 billion of divestments, resulting in $6 billion of net acquisitions for FY21 to date.

Boral Limited (ASX: BLD)

The Boral share price went up around 6% after receiving a higher takeover offer from Seven Group Holdings Ltd (ASX: SVW).

Seven Group announced an extension to its takeover offer to 2 July 2021.

Seven Group said that if it receives acceptances under its offer is sufficient to increase its aggregate interest in Boral shares to 29.5% or more before 5pm on 2 July 2021, it will increase its offer to $7.30 cash per Boral share.

It will increase the offer to $7.40 per share if the acceptances increases Seven’s interest of Boral shares to 34.5% or more.

Star Entertainment Group Ltd (ASX: SGR)

The Star share price went up 0.3% today.

After the market closed, Star Entertainment gave an update about The Star Sydney’s operating restrictions.

The ASX 200 casino operator noted the NSW Government’s announcement of a seven day stay-at-home order that applies to four local government areas (LGAs) including The Star Sydney and takes effect from 11:59pm on 25 June 2021.

The orders also detail that people should only enter the four LGAs for essential purposes.

It will cease operations, apart from limited hotel facilities. This will remain in place until at least 11:59pm on 2 July 2021.

The Star will continue to pay staff during the seven day stay-at-home period.

The post ASX 200 rises, Charter Hall up, Boral jumps appeared first on The Motley Fool Australia.

More reading

• Crude to $100 per barrel? 3 ASX 200 oil shares trading well below pre-COVID levels
• The Stockland (ASX:SGP) share price hit a new 52-week high today
• Here are some of the most actively traded ASX 200 shares today
• Boral (ASX:BLD) share price surges 6% on changes to Seven takeover bid
• ASX 200 up 0.3%: CSL downgraded, Zip drops, Charter Hall impresses

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 Bruce Jackson.

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Are you looking to add a small cap share or two to your portfolio? If you are, then you might want to look closely at the shares listed below.

Here’s why analysts are positive on these small cap shares:

Audinate Group Limited (ASX: AD8)

The first small cap share to look at is Audinate. It is the leading provider of professional digital audio networking technologies globally.

Audinate’s Dante platform distributes digital audio signals over computer networks. It has been designed to bring the benefits of IT networking to the professional AV industry. The company notes that using Dante-enabled products ensures interoperability between audio devices and allows end users to enjoy high quality, flexible solutions.

The quality of Dante is ahead of the competition by such a distance that there are now more than 3,000 different products incorporating Dante for audio-over-IP connectivity. This makes it the protocol of choice in more than 91% of the networked audio products currently available.

Analysts at UBS are positive on the company and currently have a buy rating and $10.40 price target on its shares. This compares to the latest Audinate share price of $8.28.

Volpara Health Technologies Ltd (ASX: VHT)

Another small cap ASX share to watch is Volpara Health Technologies. It is a healthcare technology company that uses artificial intelligence imaging algorithms to assist with the early detection of breast and lung cancer.

Volpara has been growing its annualised recurring revenue (ARR) at a quick rate for a number of years and this continued in FY 2021 despite the pandemic.

Looking ahead, thanks to acquisitions and its growing product suite, the company appears well-positioned to continue its strong growth in the years to come. Especially considering its ever-improving average revenue per user metric.

Management certainly appears to believe this is the case. It estimates that it has a US$750 million ARR opportunity in breast cancer screening alone. This gives it a significant runway for growth over the next decade.

Morgans is a fan of Volpara and has an add rating and $1.87 price target on the company’s shares. This compares to the current Volpara share price of $1.17.

The post 2 buy-rated small cap ASX shares tipped for strong growth appeared first on The Motley Fool Australia.

More reading

• 3 small cap ASX shares worth watching closely
• 2 excellent ASX healthcare shares named as buys
• 3 exciting small cap ASX shares to watch this month
• 2 small cap ASX shares that are growing quickly
• 2 excellent small cap ASX shares to watch very closely

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 shares of and has recommended AUDINATEGL FPO and VOLPARA FPO NZ. The Motley Fool Australia owns shares of and has recommended AUDINATEGL FPO and VOLPARA FPO NZ. 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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