These fantastic ASX 200 tech shares have been named as buys by analysts

These could be top options for anyone looking for exposure to the tech sector.

| More on:
A player with tech goggles inside the metaverse

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

Investors looking for tech sector exposure might want to check out the two ASX 200 shares listed below.

That's because brokers are feeling very positive about these shares and are tipping them as buys at current levels. Here's what to need to know:

Altium Limited (ASX: ALU)

The first ASX 200 tech share that could be a buy is Altium.

It is a printed circuit board (PCB) design software provider behind the industry-leading Altium Designer platform.

This software is used by many of the biggest companies and organisations in the world for their PCB designs. This includes Microsoft, NASA, and Tesla.

The good news is that demand for this type of specialist software is expected to grow strongly in the future. This is due to a number of tailwinds such as artificial intelligence and the Internet of Things.

Morgan Stanley is a fan of this ASX 200 tech share. It currently has an overweight rating and $43.50 price target on Altium shares.

WiseTech Global Ltd (ASX: WTC)

Another ASX 200 tech share that has been named as a buy is WiseTech Global. Like Altium, its software is also industry-leading.

That software is the CargoWise One logistics management platform. It is integral to the global logistics industry, allowing users to execute complex logistics transactions and manage freight operations from a single, easy to use platform.

Demand and usage continues to grow for CargoWise, which is underpinning stellar recurring revenue growth. And thanks to the stickiness of the platform, bolt-on acquisitions, and organic growth, WiseTech Global has been tipped to continue its growth long into the future.

Ord Minnett, for example, is also a big fan of WiseTech Global. It currently has an accumulate rating and $90.00 price target on its shares.

Motley Fool contributor James Mickleboro has positions in Altium. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Altium and WiseTech Global. The Motley Fool Australia has positions in and has recommended WiseTech Global. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Share Market News

A man looking at his laptop and thinking.
Share Market News

Why is the ASX 200 pumping the brakes before the weekend?

Australian investors don't have the appetite today, here's why.

Read more »

Miner and company person analysing results of a mining company.
Resources Shares

Buy one, sell the other: Goldman's verdict on these 2 ASX 200 mining shares

The broker sees significant valuation differences between these 2 major ASX 200 mining shares.

Read more »

Broker written in white with a man drawing a yellow underline.
Broker Notes

Brokers name 3 ASX shares to buy now

Here's why brokers are feeling bullish about these three shares this week.

Read more »

a man weraing a suit sits nervously at his laptop computer biting into his clenched hand with nerves, and perhaps fear.
Share Fallers

Why BHP, Lynas, Metals X, and Super Retail shares are dropping today

These shares are ending the week in the red.

Read more »

Man drawing an upward line on a bar graph symbolising a rising share price.
Share Gainers

Why Latin Resources, Newmont, Nick Scali, and ResMed shares are surging today

These ASX shares are ending the week strongly. But why?

Read more »

supermarket asx shares represented by shopping trolley in supermarket aisle
Mergers & Acquisitions

Metcash shares down despite corporate watchdog approval

Metcash is about to diversify and become a bigger business.

Read more »

happy investor, celebrating investor, good news, share price rise, up, increase
Capital Raising

Nick Scali share price jumps 14% to record high after raising $46m

Investors have responded very positively to the company's UK expansion plan.

Read more »

Three miners stand together at a mine site studying documents with equipment in the background
Materials Shares

BHP shares sink on $60b Anglo American takeover news

The Big Australian could be on the verge of a major acquisition.

Read more »