Brokers name 3 exciting small cap ASX shares to buy

Check out these small cap shares…

| More on:
A female stockbroker reviews share price performance in her office with the city shown in the background through her windows

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Looking for some small cap shares to add to your portfolio? Then have a look at the three listed below.

Here’s why analysts have named them as buys:

Airtasker Ltd (ASX: ART)

The first small cap ASX share to consider is this online marketplace for local services. It has been growing at a rapid rate in recent years and has been tipped to continue this trend in the future by the team at Morgans. This is due to the broker’s belief that the company has a very attractive business model and a significant market opportunity that is in the early stages of ecommerce adoption. Morgans has an add rating and $1.27 price target on the company’s shares.

MoneyMe Ltd (ASX: MME)

Another small cap ASX share that is rated as a buy is MoneyMe. It is a financial technology company that leverages artificial intelligence to deliver highly automated credit products and customer experiences. It has also been growing at a solid rate in recent years and appears well-placed for more of the same in the future. Particularly given its recent acquisition of the SocietyOne business for $132 million. Morgans is positive on the company’s future, noting that its diverse product suite now combined with the complementary customer base of SocietyOne has the potential to drive further top line growth. The broker has an add rating and $2.60 price target on its shares.

PlaySide Studios Limited (ASX: PLY)

A final small cap ASX share that could be a buy is PlaySide Studios. It is Australia’s largest publicly listed video game developer. The company provides titles in a range of categories, including self-published games based on original intellectual property and games developed in collaboration with studios. The latter includes studios such as Disney, Pixar, Warner Bros, and Nickelodeon. PlaySide has also been dabbling, with big success, with NFTs and announced material work for hire deals with a number of games publishing giants. This went down well with the team at Canaccord Genuity, which has put a buy rating and $1.30 price target on its shares.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has recommended Airtasker Limited. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Small Cap Shares

Small Cap Shares

4 reasons to stick with battered small-cap ASX shares

Is it horrifying to look at your smaller-cap stocks right now? Here's a pep talk to get you through a…

Read more »

happy investor, share price rise, increase, up
Small Cap Shares

Brokers name 2 exciting small cap ASX shares to buy with 80%+ upside

Check out these highly rated small cap ASX shares...

Read more »

Three people in a corporate office pour over a tablet, ready to invest.
Small Cap Shares

‘Frustrating’: Fund backs 3 great ASX shares with plunging prices

One of the best funds in recent years plummeted 14% last month. Here are the discounted stocks it is staying…

Read more »

Small Cap Shares

2 buy-rated small cap ASX shares that this fund manager likes

Reject Shop is one of the ASX shares in the WAM Microcap portfolio.

Read more »

a happy investor with a wide smile points to a graph that shows an upward trending share price
Small Cap Shares

Broker names 3 emerging ASX shares to buy now

Here are three shares to consider according to Goldman Sachs...

Read more »

Rocket going up above mountains, symbolising a record high.
Small Cap Shares

2 highly rated small cap ASX shares that analysts say have huge potential

These small caps could be worth considering after the market selloff...

Read more »

A woman holds a tape measure against a wall painted with the word BIG, indicating a surge in gowth shares
Small Cap Shares

Analysts say these small cap ASX shares have big futures

These small cap shares have been tipped as buys...

Read more »

A man watches the share price movement closely.
Small Cap Shares

3 exciting small cap ASX shares to watch

Check out these highly rated small cap ASX shares...

Read more »