Are you interested in adding some more ASX shares to your portfolio?
Three ASX shares that could be worth considering next month are listed below. Here’s what you need to know about them:
Appen Ltd (ASX: APX)
The first ASX share to consider is Appen. This tech company has a million-plus team of crowd sourced experts preparing the data that goes into artificial intelligence (AI) and machine learning (ML) models. It does this for some of the biggest tech companies in the world such as Google and Facebook. Unfortunately, COVID-19 impacted demand materially, leading to a sharp slowdown in its growth. However, things appear to be improving. For example, Facebook has just announced plans to increase its AI and ML spending materially.
Citi remains positive on the company. It has a buy rating and $17.10 price target on its shares.
Aristocrat Leisure Limited (ASX: ALL)
Another ASX share to look at is Aristocrat Leisure. It is one of the world’s leading gaming technology companies. During the pandemic its poker machine business struggled because of casino closures, whereas its digital business flourished and delivered strong growth. Pleasingly, now casinos are open again, both businesses are pulling together, which appears to have positioned the company well for growth over the 2020s. As has the recently announced plan to acquire London-listed leading global online gambling software and content supplier, Playtech, for $5 billion.
Morgans was pleased with the acquisition. It currently has an add rating and $52.50 price target on the company’s shares.
Goodman Group (ASX: GMG)
A final ASX share to consider buying is Goodman Group. It is a leading integrated commercial and industrial property group that owns a high quality portfolio of global assets. Positively, many of Goodman’s properties have exposure to structural tailwinds such as ecommerce and the digital economy. As a result, they look likely to be in demand with customers for a long time to come. This should be supportive of strong rental income and distribution growth over the next decade.
Citi is also a fan of Goodman. The broker currently has a buy rating and $26.00 price target on its shares.