You don't need to spend hundreds of dollars per share to own great businesses. In fact, some of the ASX's most exciting growth opportunities trade for under $20.00 and offer long runways for expansion both in Australia and overseas.
Two standout ASX shares that analysts have at the top of their lists are named below. Here's why they could be top buys under $20.00 for investors:
NextDC Ltd (ASX: NXT)
NextDC is Australia's leading data centre operator and an important player in the country's digital economy. Every time you stream a movie, use cloud software, or access AI tools, there's a good chance at least some of that data is flowing through a NextDC facility.
The company's shares, which trade at $15.95, offer exposure to one of the most powerful growth megatrends in the world. These are the rapid expansion of cloud computing and artificial intelligence. Businesses everywhere are shifting operations to the cloud, driving surging demand for secure, scalable, and energy-efficient data centres.
NextDC's network of high-performance facilities services major tech clients, governments, and enterprise customers across Australia. And the company isn't standing still, it is expanding into Southeast Asia, broadening its footprint and diversifying its earnings base.
As digital infrastructure becomes increasingly vital, NextDC's long-term growth prospects remain compelling. It is partly for this reason that analysts at Macquarie Group Ltd (ASX: MQG) put an outperform rating and $20.90 price target on its shares this month.
Siteminder Ltd (ASX: SDR)
Another ASX share under $20.00 that could be a top buy is Siteminder. It might fly under the radar, but it is quietly becoming one of Australia's leading technology exporters.
Siteminder provides a cloud-based platform that helps hotels and accommodation providers manage their online bookings, distribution channels, and pricing. This means it is essentially serving as the digital backbone of the modern hospitality industry.
It served more than 50,000 hotels and generated more than 130 million reservations worth over $85 billion in revenue for them in FY 2025.
As international travel continues to recover and smaller operators increasingly adopt digital booking tools, Siteminder's platform stands to benefit. Furthermore, its consistent customer growth, expanding product suite, and improving margins all suggest the company is now entering a more profitable phase of its growth story.
Citi is a fan of the company and has a buy rating and $8.40 price target on its shares. This compares to its current share price of $7.39.
