If you’re looking to add a bit of tech exposure to your portfolio, then you might want to look at the shares listed below.
Here’s why these tech shares could be top options:
Kogan.com Ltd (ASX: KGN)
The first tech share to look at is Kogan. It is an ecommerce company which has been benefitting greatly from the shift to online shopping. And while inventory issues hit its margins significantly in FY 2021, this is only expected to be a short term headwind. After which, Kogan and its businesses appear well-placed to benefit from the structural shift online.
Credit Suisse has an outperform rating and $14.06 price target on its shares. Its analysts remain confident in Kogan’s long term growth prospects.
PointsBet Holdings Ltd (ASX: PBH)
Another tech share to consider is PointsBet. It is a growing sports wagering operator and iGaming provider. PointsBet offers innovative sports and racing betting products and services via a scalable cloud-based platform. It currently operates in the ANZ and United States markets and has delivered significant growth in both. Positively, it is still only scratching at the surface of its massive opportunity in the lucrative US market.
Goldman Sachs is a big fan of PointsBet and currently has a buy rating and $14.75 price target on its shares. The broker believes it can grow at a rapid rate over the coming years.
Zip Co Ltd (ASX: Z1P)
A final tech share to look at is Zip. This buy now pay later (BNPL) provider has been growing at a rapid rate over the last few years thanks to the popularity of the payment method with consumers and merchants and its global expansion. Zip is now expanding its offering to give users access to savings accounts and even cryptocurrency.
The team at Jefferies are happy with the company’s strategy. Earlier this week, the broker put a buy rating and $8.28 price target on its shares. Jefferies believes Zip’s shares are cheap in comparison to its rivals.