If you’re looking for growth shares to buy, then the tech sector could be a great place to start. In this sector there are a number of companies with the potential to grow materially over the next decade.
With that in mind, I have picked out two top tech options to consider. Here’s what you need to know about them:
BetaShares Global Cybersecurity ETF (ASX: HACK)
The first option for growth shares to consider is actually an ETF. The BetaShares Global Cybersecurity ETF provides investors with access to the leaders in the growing global cybersecurity sector.
This is certainly a great space to be in. Demand for cybersecurity services has been increasing at a rapid rate in recent years and is expected to continue doing so. This is due to the growing threat of cyberattacks on governments and businesses.
There are a total of 40 companies included in the fund that investors will be buying a slice of. These include Accenture, Cisco, Crowdstrike, Fortinet, Okta, Splunk, and VMware.
Another tech share to look at is Whispir. It is a software-as-a-service communications workflow platform provider.
Demand for Whispir’s platform has been growing strongly over the last few years and has continued in FY 2021.
For example, last month it released its third quarter update and revealed that its annualised recurring revenue (ARR) was up 20.3% over the prior corresponding period to $50.3 million. This was driven by continued growth in customers and increased usage.
Pleasingly, with the company recently raising significant capital, it is well-funded to accelerate and execute its growth strategy.
Ord Minnett is very positive on the company’s prospects. Late last month the broker retained its buy rating and $4.25 price target on its shares. This compares very favourably to the current Whispir share price of $2.99.