Analysts say these ASX tech shares are buys in December

Here's why these three shares have been named as buys.

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If you want to add some tech sector exposure to your portfolio this month, then it could be worth checking out the ASX tech shares listed below.

Here's why these three shares have been named as buys:

Macquarie Technology Group Ltd (ASX: MAQ)

Macquarie Technology could be an ASX tech share to buy in December.

Goldman Sachs likes the cloud, data centre, cyber security, and telecommunications company due largely to its growing data centre business. It expects this side of the business to benefit from "a third wave of demand for data centre providers in Australia as GenAI workloads shift from LLM training (generally done offshore) to inference and enterprise use cases (in Australia)."

Goldman Sachs has a buy rating and a $77.70 price target on its shares.

TechnologyOne Ltd (ASX: TNE)

Another ASX tech share to buy according to Goldman Sachs could be TechnologyOne. It is a leading enterprise software provider that transforms the way organisations interact with their customers and communities.

Goldman highlights that "TNE has executed well on transitioning its customer base to the cloud and driving incremental cross-sell, in our view building the case for sustainable ~10-15% ARR growth with upside to TNE's 115% NRR target."

The broker has a buy rating and $18.05 price target on Technology One's shares.

WiseTech Global Ltd (ASX: WTC)

A final ASX tech share that could be a buy in December is WiseTech Global. It is the logistics solutions company behind the CargoWise One platform. It allows users to execute complex logistics transactions and manage freight operations from a single, easy to use platform.

Morgan Stanley believes CargoWise One will underpin strong revenue and earnings growth in the coming years. As a result, the broker has put a buy rating and $85 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 positions in and has recommended Goldman Sachs Group, Technology One, and WiseTech Global. The Motley Fool Australia has positions in and has recommended WiseTech Global. The Motley Fool Australia has recommended Technology One. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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