If you're a fan of ASX growth shares, then you might want to look at three from the tech sector listed below.
That's because all three have recently been named as buys by analysts. Here's what you need to know about these tech shares:
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Life360 Inc (ASX: 360)
The first ASX tech share that could be a buy is Life360. It is a rapidly growing location technology company with approximately 50.8 million monthly active users. Bell Potter is a big fan of Life360. It believes the company is well-placed to grow profitably as it monetises its huge user base. In addition, the broker sees opportunities for Life360 to disrupt other markets as it has done with roadside assistance.
Bell Potter has a buy rating and a $9.25 price target on Life360's shares.
Objective Corporation Limited (ASX: OCL)
Another ASX tech share that could be a buy is Objective Corp.
It is a growing software provider that supplies content, collaboration and process management solutions to public sector organisations. Goldman is very positive on the company and believes that robust demand and its defensive earnings will underpin earnings per share growth above 20% in both FY 2024 and FY 2025.
Goldman has a buy rating and a $15.95 price target on Objective Corp's shares.
Xero Limited (ASX: XRO)
A final ASX tech share that could be a buy this month is Xero.
It provides a highly regarded cloud-based platform for online accounting and business services to small businesses across the globe. At the last count, the company had 3.7 million subscribers with an estimated lifetime value of NZ$13.4 billion. However, the former is still well short of its total addressable market, which the company estimates to be in the region of 45 million subscribers.
Citi is a big fan of the company and has a buy rating and a $141.90 price target on its shares.
