MENU

Why this broker thinks Livetiles Ltd (ASX:LVT) is a buy

Moelis Australia has placed a buy rating on global technology company Livetiles Ltd (ASX: LVT) with a target price of 83c per share – Livetiles opened trading today at 65c.

The broker believes Livetiles is “executing as promised” with customer growth exceeding expectations with the sales pipeline for N3 looking “impressive” and Moelis anticipating first sales conversions in the current quarter.

Investors have been buoyed by Livetiles’ partnership with Microsoft and the appointment of a dedicated sales and marketing team to propel growth through FY19 with Livetiles annualised recurring revenues up 275% to $15 million at June 30.

Moelis is confident Livetiles can execute its growth strategy and has upgraded its revenue estimates across FY21 to FY23 by between 15% and 25%, but has flagged operating costs will likely increase in the first quarter of FY19.

Other tech shares to watch for growth include Citadel Group Ltd (ASX: CGL) as the demand for data security grows and ELMO Software Ltd (ASX: ELO) as opportunities open up in the cloud solutions space.

The Disruptors: 3 Revolutionary Aussie Companies to Back for 2018

We’re living in one of the most exciting times in investing history. Innovation and a booming culture of entrepreneurship are constantly creating new companies with the potential to make forward-thinking investors very rich. Now more than ever, one small, smart investment could make a huge difference to your wealth.

That’s why at The Motley Fool we’ve been scrutinizing the ASX to uncover the kinds of companies that we believe could turn into the next Atlassian.

We’ve found three exciting companies that we believe re poised to perform in the new year. Click here to uncover these ideas!

Motley Fool contributor Carin Pickworth has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended ELMOSFTWRE FPO. The Motley Fool Australia owns shares of Citadel Group Ltd. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

5 ASX Stocks for Building Wealth After 50

I just read that Warren Buffett, the world’s best investor, made over 99% of his massive fortune after his 50th birthday.

It just goes to show you… it’s never too late to start securing your financial future.

And Motley Fool Chief Investment Advisor Scott Phillips just released a brand-new report that reveals five of our favourite ASX stocks for building wealth after 50.

– Each company boasts strong growth prospects over the next 3 to 5 years…

– Most importantly each pays a generous dividend, fully franked.

Simply click here to find out how you can claim your FREE copy of “5 ASX Stocks for Building Wealth After 50.”

See the stocks now