Looking for investment ideas this month? Below are three options to consider in October.
Here’s what you need to know about these highly rated shares:
Nitro Software Ltd (ASX: NTO)
The first ASX share to look at is document productivity software company. It has been growing at a strong rate in recent years and more of the same is expected in the years to come. Particularly given a recent acquisition, increased remote working, and its investment in sales staff. These are all supporting demand for its high quality software. The team at Bell Potter are positive on the company. In fact, Nitro is currently the broker’s number one pick in the tech sector. It has a buy rating and $4.00 price target on Nitro’s shares.
REA Group Limited (ASX: REA)
Another ASX share to look at is REA Group. It is the dominant player in real estate listings in the Australian market and has a number of other complementary businesses. REA looks well-placed for growth in the coming years thanks to the booming housing market, cost cutting, price increases, its international operations, and new revenue streams. The latter includes from recent acquisitions such as Mortgage Choice. These acquisitions have strengthened its offering, particularly in mortgage broking. Macquarie currently has an outperform rating and $185.00 price target on the company’s shares.
VanEck Vectors Video Gaming and eSports ETF (ASX: ESPO)
A final ASX share to look at is the VanEck Vectors Video Gaming and eSports ETF. This popular ETF provides investors with exposure to companies involved in the growing video gaming market. Among the shares included in the fund are hardware giant Nvidia and game developers Activision Blizzard, Electronic Arts, Roblox, and Take-Two. VanEck notes that these companies are in a position to benefit from the increasing popularity of video games and eSports. This could make it a great place to invest with a long term view.