If you're looking to overcome low interest rates by investing in the share market, then these highly rated growth shares might be the ones for you.
Two top growth shares that have been given buy ratings by brokers are listed below. Here's what you need to know about them:
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Altium Limited (ASX: ALU)
Altium is a leading printed circuit board (PCB) design software provider. It has been growing at a very strong rate over the last few years thanks to its leading software and its exposure to the booming artificial intelligence and Internet of Things markets. The good news for investors is that management is confident its growth can continue and is targeting revenue of US$500 million and 100,000 subscribers by 2025-26.
This will be a 150% increase on FY 2020's revenue and almost double its current subscriber numbers. One broker that appears confident it will get there is Morgan Stanley. It has an overweight rating and $40 price target on Altium's shares. The Altium share price is currently changing hands for $37.26.
Bigtincan Holdings Ltd (ASX: BTH)
Bigtincan is a growing provider of enterprise mobility software. This software allows sales and service organisations to increase their sales win rates, reduce expenditures, and improve customer satisfaction by pairing functionality with a highly-intuitive user interface. This provides users with an advanced content management system, document automation, internal communications, and fully integrated modern LMS. Bigtincan has experienced strong demand for its platform over the last few years, which has led to stellar recurring revenue growth.
Pleasingly, management remains confident in its long term outlook and notes that the sales engagement platform will be worth $6 billion a year by 2021. It also recently announced the acquisition of Agnitio, a Danish-based company that is a pioneer in sales enablement for the Life Sciences sector. This went down well with Canaccord Genuity, which has slapped a buy rating and $1.40 price target on its shares. The Bigtincan share price is trading at $1.22 this afternoon.
