If you have a penchant for investing in small cap shares, then you might want to look at the two listed below.
Here's why these are highly rated by analysts right now:
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Audinate Group Limited (ASX: AD8)
The first small cap ASX share for investors to look at this week is Audinate.
It is the leading digital audio-visual networking technologies provider behind the Dante audio over IP networking solution.
The company highlights that this solution is the worldwide leader and used extensively in the professional live sound, commercial installation, broadcast, public address, and recording industries. Dante can replace traditional analogue cables by transmitting perfectly synchronised AV signals across large distances to multiple locations at once, using just an ethernet cable.
UBS is a big fan of the company. Last month, the broker put a buy rating and $10.20 price target on Audinate's shares. This implies potential upside of over 20% for investors from current levels.
Bigtincan Holdings Ltd (ASX: BTH)
Another small cap ASX share for investors to look at this weekend is Bigtincan.
It is a growing provider of enterprise mobility software to sales and service organisations. This AI-powered sales enablement automation platform is designed to allow sales representatives to more effectively engage with customers.
It appears to work well judging by its growing customer base, which includes the likes of Nike, Guess, Prudential, and Starwood Hotels, and strong annual recurring revenue growth. The latter grew 126% to $120.1 million in FY 2022.
Morgan Stanley remains very positive on the company's outlook and is expect further strong growth in FY 2023. So much so, it currently has an overweight rating and $1.15 price target on its shares. This is more than double its current share price.
