2 of the best ASX 300 stocks to buy now

Bell Potter has named these as best buys. Here's what you need to know.

| More on:
Ecstatic woman looking at her phone outside with her fist pumped.

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

2025 might be in full swing now, but it isn't too late to buy the two ASX 300 stocks in this article that were tipped as top buys for the year ahead by analysts at Bell Potter.

Here's what the broker is saying about these stocks:

Gentrack Group Ltd (ASX: GTK)

The team at Bell Potter is feeling very bullish about Gentrack and sees it as an ASX 300 stock to buy.

Gentrack is a specialist software developer to energy utilities, water companies, and airports. The latter includes providing flight information display systems (FIDS) at airports in Queenstown, Adelaide, and Sydney.

Bell Potter likes the company due to its quality software solutions and a number of tailwinds that re underpinning increased demand. It said:

Demand for modern-day utilities billing solutions is growing rapidly due to dual tailwinds in (1) an evolving energy grid generating significant amounts of data and complexity in billing and customer management, and (2) legacy tech debt incurred from historical underinvestment in the utility billing stack.

GTK has a track record of upgrading and beating guidance, with the interim result in May likely to be the next catalyst potentially from lumpy, large contract wins in Southeast Asia. GTK appears expensive at ~90x/~56x FY25e/26e P/E however the valuation reflects high earnings leverage emerging, noting PEG ratios of ~1.2x and ~0.9x respectively.

Bell Potter has a buy rating and $13.90 price target on its shares. This implies potential upside of 20% for investors from current levels.

Life360 Inc (ASX: 360)

Another ASX 300 stock that has been tipped as a best buy for 2025 by Bell Potter is Life360.

It is a tech stock that develops and operates a mobile app for families that provides a range of safety features. This includes communications, driving safety and location sharing. At the last count, there were over 70 million monthly active users.

Bell Potter highlights that the company has a significant opportunity to monetise this huge subscriber base. It said:

The app is used globally by over 75 million people and, of these, there are around 7 million paying subscribers. The penetration rate, therefore, is around 10% and the company has a stated long term target of 30% so there is the potential for the paying subscriber base to triple from here. Life360 is also adding new verticals – like advertising, pet and elderly tracking – which provide additional areas of growth.

The next potential catalysts are when Life360 releases its Q4/2024 result in February – we expect a strong result towards the upper end of the guidance ranges – and the S&P/ASX index rebalance in March where we see a good chance Life360 will be added to the Top 100.

Bell Potter has a buy rating and $26.75 price target on its shares. This implies potential upside of 10% for investors.

Motley Fool contributor James Mickleboro has positions in Life360. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Gentrack Group and Life360. The Motley Fool Australia has positions in and has recommended Gentrack Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Technology Shares

A man holding a cup of coffee puts his thumb up and smiles while at laptop.
Broker Notes

Leading broker upgrades Pro Medicus shares to buy rating

Analysts at Bell Potter think this tech stock is a top buy right now.

Read more »

A woman holds her hand out under a graphic hologram image of a human brain with brightly lit segments and section points.
AI Stocks

$8,000 invested in Brainchip shares five months ago is now worth…

Brainchip shares have delivered some sizzling gains since September with plenty of volatility!

Read more »

A young man punches the air in delight as he reacts to great news on his mobile phone.
Earnings Results

Pro Medicus share price storms higher on record-breaking results

Investors are cheering on this tech company's latest results.

Read more »

A young boy wearing a hat, sunnies and striped singlet looks fierce and flexes his arm in victory.
Small Cap Shares

The ASX small-cap stock trading at 'half of the earnings multiple of industry leaders'

A leading fund manager sees a lot of untapped value for this soaring ASX small-cap stock.

Read more »

A young male ASX investor raises his clenched fists in excitement because of rising ASX share prices today
Earnings Results

Guess which ASX All Ords stock just jumped 20%

Why are investors buying this tech stock on Wednesday? Let's find out.

Read more »

a man with a wide, eager smile on his face holds up three fingers.
Technology Shares

3 reasons to buy this resurgent ASX 200 tech stock today

A leading investment expert expects more growth ahead for this surging ASX 200 tech stock.

Read more »

Man controlling a drone in the sky, symbolising DroneShield share price.
Technology Shares

Why the Trump presidency looks bearish for DroneShield shares

This investing expert believes the Donald Trump presidency bodes ill for DroneShield shares.

Read more »

ASX 200 investor looking frustrated at falling share price whilst sitting at desk
Earnings Results

Why is this $15 billion ASX 200 stock falling so hard today?

The ASX 200 stock is under heavy selling pressure on Monday.

Read more »