The tech sector is home to a number of companies with strong growth potential.
Three that are highly rated are listed below. Here’s what you need to know about these tech shares:
BetaShares Global Cybersecurity ETF (ASX: HACK)
The first ASX tech share to look at is an ETF that provides investors with easy access to a large number of growing tech shares. The BetaShares Global Cybersecurity ETF is focused on the global cybersecurity sector. This means you’ll be buying some of the biggest and brightest companies in the sector such as Accenture, Cisco, Cloudflare, Fortinet, Okta, Splunk, Zscaler, Crowdstrike. Given the rising threat of cyber attacks, demand for their services is expected to grow strongly over the 2020s.
Bigtincan Holdings Ltd (ASX: BTH)
Another tech share to look at is Bigtincan. It is a fast-growing sales enablement platform provider. This popular platform enables sales, service and marketing teams to drive the sales process with the best sales content anywhere, anytime, and on any device. Bigtincan has also just strengthened its offering with the acquisition of US-based Brainshark. It is an industry-recognised and multi-awarded leader in its field of sales coaching, learning and readiness. Management expects this to lead to combined ARR of $119 million in FY 2022, which will be up 124% year on year. Morgan Stanley is very positive on the company. It has an overweight rating and $2.10 price target on its shares.
Nitro Software Ltd (ASX: NTO)
Another tech share to look at is Nitro. It is a fast-growing document productivity software company. It has been tipped to grow strongly in the future thanks to the increasing popularity of its Nitro Productivity Suite and its sizeable market opportunity. The Nitro Productivity Suite provides integrated PDF productivity and electronic signature tools to customers through a horizontal, software-as-a-service, and desktop-based software solution. Its total addressable market is estimated to be $28 billion. The team at Bell Potter are positive on the company. The broker currently has a buy rating and $4.00 price target on Nitro’s shares.