2 highly rated ASX shares to buy now

Appen Ltd (ASX:APX) and this ASX share could be some of the best options for Australian investors right now. Here's why…

| More on:

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

There are a number of shares on the ASX that could be great options for investors in April.

But which ones should you buy ahead of others? Two ASX shares that are highly rated are listed below. Here's what you need to know about them:

what to like about asx share price represented by illustration of thumbs up icon inside speech bubble

Image source: Getty Images

Appen Ltd (ASX: APX)

The first ASX share to look at is Appen. It provides high-quality training data through its leading technology platform, managed services, and global crowd to power artificial intelligence (AI) globally.

In respect to its global crowd, Appen has over one million skilled contractors globally in its crowd. This covers 235+ languages in 170+ countries, giving Appen the ability to work with companies all over the world.

Positively, with spending on AI expected to increase materially over the coming decades, Appen looks well-placed for growth over the long term. Especially giving its leading position in the data preparation industry.

Ord Minnett is positive on the company. It currently has a buy rating and a $24.75 price target on its shares.

Pushpay Holdings Group Ltd (ASX: PPH)

Another ASX share to consider buying is Pushpay. It provides a donor management system, including donor tools, finance tools and a custom community app, and a church management system (ChMS) to churches located predominantly in the United States.

Its industry leading solutions simplify engagement, payments, and administration, allowing users to increase participation and build stronger relationships with their communities.

Pushpay has been a strong performer in recent years and is expecting further strong growth in FY 2021. Management's guidance for full year operating earnings is US$56 million and US$60 million, representing a 123% to 139% increase year on year.

Analysts at Goldman Sachs are positive on the company. They have a conviction buy rating and $2.59 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. owns shares of Appen Ltd and PUSHPAY FPO NZX. The Motley Fool Australia has recommended PUSHPAY FPO NZX. 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 smiling woman with a handful of $100 notes, indicating strong dividend payments
Growth Shares

Where to invest $3,000 in ASX growth shares in April

Money to invest next month? Here are three shares with bucketloads of growth potential.

Read more »

A woman wearing dark clothing and sporting a few tattoos and piercings holds a phone and a takeaway coffee cup as she strolls under the Sydney Harbour Bridge which looms in the background.
Growth Shares

Top Australian shares to buy right now with $2,500

These shares look attractive after recent market volatility.

Read more »

Person using a calculator with four piles of coins, each getting higher, with trees on them.
Growth Shares

Experts rate these 2 ASX growth shares as buys this month!

These businesses have plenty of positives according to analysts.

Read more »

A man sits in contemplation on his sofa looking at his phone as though he has just heard some serious or interesting news.
Growth Shares

3 ASX shares being unfairly punished by the market selloff and could rise 100%

Analysts think these shares could rebound strongly after heavy declines.

Read more »

Two players on a field pump their fists in the air, indicating two of the best
Growth Shares

2 amazing ASX shares to buy for long-term growth

Both billion dollar stocks combine strong growth, scalability and a leadership position.

Read more »

A beautiful woman holds up one finger with one hand and has her hand on her waist with the other as she smiles widely as though she is very pleased about something.
Growth Shares

2 ASX 200 shares that now have 60% upside: Analysts

With markets under pressure, some ASX 200 shares are starting to look more interesting. Here are two that stand out…

Read more »

Man looking amazed holding $50 Australian notes, representing ASX dividends.
Growth Shares

Where to invest $10,000 in ASX shares right now

These quality shares could be worth considering. Let's find out why.

Read more »

A businessman looking at his digital tablet or strategy planning in hotel conference lobby. He is happy at achieving financial goals.
Growth Shares

$3k to invest? 2 ASX shares to consider buying in 2026

These shares have been sold off and could offer major upside according to analysts.

Read more »