2 very exciting ASX tech shares to buy in April

Here's why Afterpay Ltd (ASX:APT) and this ASX tech share could be great options for investors in April…

| More on:
tech shares represented by woman holding hand out to touch icons on digital screen

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Due to the quality on offer in the tech sector, having a little exposure to this side of the market could be a great thing for a balanced portfolio.

With that in mind, I have picked out two top tech shares which have been rated as buys. Here's what you need to know about them:

Afterpay Ltd (ASX: APT)

Afterpay is a payments company with a focus on the buy now pay later (BNPL) market.

Due to the increasing popularity of BNPL with both consumers and merchants, Afterpay has been growing at a rapid rate in recent years.

Positively, the company looks well-placed to continue its meteoric growth for the foreseeable future thanks to a number of factors. This includes its ongoing international expansion, increasing repeat usage, and new product launches. The latter includes the impending release of banking products via the Afterpay Money app.

One broker that is very positive on its future is Wilsons. The broker currently has a buy rating and $160.20 price target on its shares. Its analysts see huge opportunities for Afterpay in mainland Europe and the Asia-Pacific region.

Life360 Inc (ASX: 360)

Another ASX tech share to look at is app maker Life360. This San Francisco-based company provides families with a market leading app with a wide range of features.

These include real-time location sharing and notifications and driving safety features like Crash Detection and Roadside Assistance. The aim of its app is to remove uncertainty from modern life.

These features are clearly resonating well with families. At the last count, Life360 had more than 25 million monthly active users across 195 countries. And while the pandemic's impact on mobility has stifled its growth, it is largely expected to accelerate again once the crisis passes.

Bell Potter is a fan of the company and believes it has a bright future ahead of it. The broker currently has a buy rating and $6.00 price target on its shares.

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. recommends Life360, Inc. The Motley Fool Australia owns shares of AFTERPAY T FPO. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Growth Shares

a happy investor with a wide smile points to a graph that shows an upward trending share price
Growth Shares

Here are the top five ASX 200 shares in Macquarie's model growth portfolio

These ASX 200 shares are highly rated by analysts at Macquarie.

Read more »

a man with a wide, eager smile on his face holds up three fingers.
Growth Shares

3 ASX shares to buy in 2024 and hold for the next 10 years

Analysts think these top shares are in the buy zone right now.

Read more »

A man leans forward over his phone in his hands with a satisfied smirk on his face although he has just learned something pleasing or received some satisfying news.
Growth Shares

4 ASX growth shares I think will benefit from interest rate cuts in 2024

Not only will home loan holders rejoice, investors of these stocks could also be yelling with joy when the Reserve…

Read more »

A smiling woman sits in a cafe reading a story on her phone about Rio Tinto and drinking a coffee with a laptop open in front of her.
Growth Shares

3 of the best ASX growth shares to buy now

Analysts see plenty of upside for these buy-rated shares.

Read more »

A man and woman in an office look at a laptop and discuss investing, budget strategies or other financial concepts
Growth Shares

Here's why analysts love these buy-rated ASX 200 growth shares

There's a reason analysts are feeling bullish about these companies.

Read more »

A woman with strawberry blonde hair has a huge smile on her face and fist pumps the air having seen good news on her phone.
Growth Shares

Big returns could be coming for high-flying Lovisa shares

Morgans doesn't believe it is too late to snap up this hot stock.

Read more »

Smiling young parents with their daughter dream of success.
Growth Shares

Why these ASX 200 growth shares could be top buys now

Analysts are feeling bullish about these growth stocks. Let’s see what they’re saying.

Read more »

Concept image of a man in a suit with his chest on fire.
Growth Shares

Ignore the noise and buy this hot ASX growth stock

A recent pullback may have created a buying opportunity according to Bell Potter.

Read more »