If you're wanting to take your portfolio to the next level, then buying these quality ASX shares could be one way to do it.
Here's why these ASX shares are highly rated and could be strong buys right now:
Image source: Getty Images
Altium Limited (ASX: ALU)
Altium is an electronic design software provider that is best-known for its Altium Designer and Altium 365 platforms. But it doesn't stop there, it also has the Octopart search engine and the NEXUS collaboration platform supporting its growth.
Altium's platforms are widely regarded as the best in the industry and used by many of the world's largest companies. One of those is electric vehicle giant Tesla.
Thanks to favourable technology trends such as artificial intelligence and the internet of things, demand for its software is expected to grow strongly over the next decade. So much so, management is aiming to grow its revenue to US$500 million and its subscriber base to 100,000 by 2025/26. This compares to subscribers of 52,157 at the end of December and its FY 2021 revenue guidance of US$190 million to US$195 million.
One broker that is a fan is Morgan Stanley. It currently has an overweight rating with a $37.00 price target on its shares.
REA Group Limited (ASX: REA)
REA Group is the dominant player in real estate listings in the Australian market. After several years of growth despite battling a housing market downturn and COVID-19, REA Group looks well-placed to go into overdrive now.
After cutting costs materially and introducing new revenue streams, the company looks set to reap the rewards as demand for listings jumps thanks to the thriving housing market. This should be supported by its international operations, which have large opportunities as well.
Macquarie is very positive on REA Group. Its analysts currently have an outperform rating and $171.70 price target on its shares.
