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3 of the best ASX shares to buy in January

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If you’re looking for a few shares to add to your portfolio in 2021, then you could do a lot worse than the ones listed below.

Here’s why these ASX shares come highly rated right now:

Bravura Solutions Ltd (ASX: BVS)

Bravura Solution is a provider of software and services to the wealth management and funds administration industries. It has a number of quality products in its portfolio that are being used by many large financial institutions. This includes the Sonata wealth management platform and the Midwinter financial planning software. While the pandemic has hit the company (and its share price hard), analysts at Goldman Sachs believe it is worth sticking with the company. The broker has a buy rating and $4.50 price target on Bravura’s shares.

Pushpay Holdings Group Ltd (ASX: PPH)

Pushpay is a donor management platform provider that has been growing its share of the United States church market at a rapid rate over the last few years. This has led to the company delivering stellar revenue and operating earnings growth. Pleasingly, management doesn’t expect its strong growth to end in FY 2021. At the end of the first half, Pushpay increased its EBITDAF guidance for the year ending 31 March 2021 to between US$54 million and US$58 million. This will be more than 115% higher than FY 2020’s EBITDAF of US$25.1 million. Goldman Sachs is positive on the company and believes it is well-positioned for growth. The broker has a conviction buy rating and $10.35 price target (now $2.59 after its 4-1 share split) on its shares.

REA Group Limited (ASX: REA)

REA Group is the property listings company behind the market-leading realestate.com.au website. It also owns and operates several equivalents in growing international markets such as India. The company has been a strong performer over the last few years despite contending with a housing market downturn and the pandemic. Pleasingly, with the housing market tipped to rebound in 2021, its outlook is looking particularly positive. Analysts at Morgan Stanley are bullish on the company. They expect price increases, volume growth, and good cost control to underpin strong earnings growth in the coming years. The broker has an overweight rating and $150.00 price target on its shares.

Where to invest $1,000 right now

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

*Returns as of February 15th 2021

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 Kogan.com ltd and PUSHPAY FPO NZX. The Motley Fool Australia owns shares of AFTERPAY T FPO. The Motley Fool Australia has recommended Kogan.com ltd 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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