ASX tech shares have had a mixed performance to start the year. The recent bear market hammered many big names lower but there have still been some shares beating the coronavirus pandemic and climbing higher.
Here are a couple of my top ASX 200 tech share picks that you can buy for a good price today.
2 ASX 200 tech shares to buy cheaply in 2020
Let's start with one of the big movers in 2020: NextDC Ltd (ASX: NXT). NextDC shares have rocketed 44.27% higher this year despite the bear market.
The Aussie data centre operator has big expansion plans for the future. Investors seem convinced following a successful $672 million equity raising to fund that extensive growth pipeline in 2020 and beyond.
You might be wondering how an ASX tech share that has climbed 43.62% higher is considered "cheap". That's a good question, and normally I'd be skeptical of further growth.
However, shifting dynamics in Aussie workplaces could see more demand for NextDC's services. The Aussie tech group is worth $4 billion but I think it has a lot of growth left in it. For $9.45 per share, I think NextDC could be a bargain if you're a buy and hold investor.
Another ASX tech share to keep an eye on in 2020 is Xero Limited (ASX: XRO). The Aussie accounting platform has been thriving and its shares are down just 0.04% this year. That doesn't sound great, but given the S&P/ASX 200 Index (ASX: XJO) is down 19.70% in the same period, that makes Xero a big outperformer.
I think Xero shares could climb even higher in 2020. The group's software-as-a-service (SaaS) business model could be successful and I can't see businesses cutting back on accounting software anytime soon.
Some of Xero's clients are the hardest hit by the coronavirus pandemic but I would consider Xero's software essential. With the economy starting to open up and government stimulus on the way, the ASX tech share could be in a position to expand further in 2020.
Foolish takeaway
There are many ASX tech shares that could climb higher in 2020. NextDC and Xero are just a couple of my top picks that I think are well-placed for growth in the decades ahead.
